October is OVER!!! HooRay! We have finished revamping and settling down. Hopefully I have settled on some winners (and a couple wild bets). I have pared my small and humble portfolios down to 39 unique positions (a few are held in more than one portfolio). I am comfortable with my selections, even my wild bets, which I believe will come back in the long run.
So, what do we have as of the close of October? My positions are held in 4 different accounts, Retirement Accounts for my wife and I are with Stash (a mobile app), My large (relatively speaking) long term taxable account is with M1 Finance. And I also have an account with Robinhood which I started almost a year ago, and tried day trading and swing trading (it didn’t work out so well). All 4 of these portfolios are now being geared towards what I hope is a DGI approach. I am reading and learning constantly, but it is now a definite buy and hold mentality with no more short term trading.
I have set a minimum weekly deposit into each of these accounts, which I plan to increase as I finish paying off my revolving debts. My goal is to have the two IRA accounts maxed out within 24 months, and then even start a SEP-IRA, as I am self employed. Eventually, I plan to move the Robinhood over to M1 Finance and combine it with that taxable account, I just need to be able to “justify” the $75 transfer fee, or decide to cash it out and just move the money. I would prefer to transfer the holdings, to minimize the tax issues of selling and the risk of rebuying at a higher price.
I hope you, my readers, can read the data above, I know it is a bit blurry, but I don’t know of a better way to capture the spreadsheet summary, other than a screenshot. Ideas on getting a cleaner pic will be most appreciated.
September and October were spent fine-tuning and really getting down to basics with my stock selections. I narrowed down my holdings, tweaked my portfolio’s, bought several books on investing, and started reading. I have “fixed” all of my earned and paid dividend income for the year, as I was dabbling with it in previously with Robinhood. Therefore previous months may not agree with other numbers I presented. This is about as close to accurate as I think I will get. It may still be off a tiny bit.
What I am excited for is that November is forecasted to break $10 in dividend income across all four accounts!!! That will be nice. I am also excited to say that my annual dividend income should easily break $250 for 2019, based on my current positions and weekly contribution amounts!!!
As always, my portfolio holdings are available from the link above somewhere. Thoughts, ideas, suggestions, and comments are always appreciated.
So, onward with November and the start of a strong finish to 2018!