SALES
We are still trying to re-balance our portfolio as there are a few companies we simply view as short-term investments and thus do not plan to hang onto for the long term. This past month, Frontier Communications (FTR) saw decent gains and reached our limit price. We therefore ended up selling 228 shares of Frontier at $8.05. From the recent sale, we netted a total of $1,835.51. The sale left us with roughly 300 shares of FTR. Unfortunately, the sale also means that we saw our annual dividends decrease by $95.76.
The good new is that we did not pay a commission fee since we receive 100 free trades a year. To date, we still have a total of 54 trades left out of 100. Our trade counter will reset on 9/15/2015.
TOTAL VALUE OF ALL SALES: $1,833.51
OVERALL DECREASE TO ANNUAL DIVIDENDS: $95.76
The good new is that we did not pay a commission fee since we receive 100 free trades a year. To date, we still have a total of 54 trades left out of 100. Our trade counter will reset on 9/15/2015.
OVERALL DECREASE TO ANNUAL DIVIDENDS: $95.76
PURCHASES
The month of February ended up being a VERY quite month for us. For the first time since we started our blog in April of 2014, we ended the month without a single buy transactions. We did have a few limit orders open, but unfortunately with the market rebounding in February, none of those limit order had executed. On the bright side, we saw gains all around in our stock portfolio, retirement portfolio, college funds, etc. We will be report those gains in future post later this month.
Because tax season is around the corner, and we have a few large bills coming up, we had to be a bit more reserved this month. Hopefully, March brings some better opportunities to put more capital to work. But with no new purchases this month, and we still held onto some shares of FTR, our family dividend stocks portfolio remains with a total of 34 different companies/ETF that all pay us a dividend.
Because tax season is around the corner, and we have a few large bills coming up, we had to be a bit more reserved this month. Hopefully, March brings some better opportunities to put more capital to work. But with no new purchases this month, and we still held onto some shares of FTR, our family dividend stocks portfolio remains with a total of 34 different companies/ETF that all pay us a dividend.
TOTAL SPENT ON NEW ACQUISITION: $0*
OVERALL INCREASE TO ANNUAL DIVIDENDS: $0
With no additional dividends, and a loss of $95.76 in dividends from our sale of 228 shares of FTR stocks, our new estimated annual income is now $3,133 or and average of approximately $261/month. In addition to the loss of dividends from our sell of FTR stocks, the recent dividend cut to ESV reduced our annual dividends by $132.00. On the bright side, AT&T and KMI increased their dividends!
Definitely not enough positive to outweigh the negatives this past month. I guess not every month can be a winning month. But I never said this journey was going to be an easy one. :)
Definitely not enough positive to outweigh the negatives this past month. I guess not every month can be a winning month. But I never said this journey was going to be an easy one. :)
DIVIDENDS
February was also a below average month in terms of dividends received. During this past month, our dividend total was $112.32. We had 5 companies/ETFs pay us a dividend this past month. We own shares of AT&T in two separate accounts so we saw two separate payments from the same company.
For the month of February, we receive the following dividends:
WELLS FARGO INVESTMENT ACCOUNT:
2/2/15 - Dividend from VZ (Verizon Communications Co): $13.75
2/2/15 - Dividend from DE (Deere and Co): $10.80
2/2/15 - Dividend from T (AT&T, Inc): $18.96
1/15/15 - Dividend from KMI (Kinder Morgan, Inc): $10.35
1/15/15 - Dividend from ATNA (Artesian Resource Corp): $13.98
EDWARD JONES INVESTMENT ACCOUNT:
1/28/15 - Dividend from T (AT&T Inc): $44.48
OVERALL DIVIDENDS TOTAL THIS MONTH: $112.32*
* We currently receive our dividends as cash in all stock positions held.
In case you interested, our family's dividend stocks portfolio may be found by clicking on the link below:
$112 is absolutely great considering it is free money that will compound itself to grow everyday. Keep up the great work!
ReplyDeleteBSR
BSR - Yes, agreed. That is definitely a positive way to look at what was somewhat of a lackluster month for us. Big or small, we are definitely feel blessed to be able to show progress. Thanks for the kid encouragement and support! AFFJ
DeleteVery solid dividend this month. I think it's OK that you didn't make any new acquisition this month. You can always make more buys this month. :)
ReplyDeleteThanks Tawcan. Yes, we do have idle cash sitting around and with the dip we saw in the last few days, March may end up being a big month. hint, hint. ;) AFFJ
DeleteHi AFFJ,
ReplyDeleteI hope the IRS treated you well and gave you some money back!
I am curious about the sell of FTR, I know it's because you're rebalancing but I'm just wondering what it is you see about them as a short-term investment and how you determined your limit price. I don't own FTR myself and I've never considered to buy the stock; I'm just interested in how you made your decision.
Best wishes,
-DL
DL - A rough estimate of our taxes says that we are getting a little back but unfortunately our property taxes will eat up all of it and then some. :(
DeleteAs for my decision to sell FTR, before our sell, FTR was the second largest holding in our portfolio and so we wanted to reduce our exposure and dependency on a single stock. Plus, with the limit order price, we reached 100% profit from the sale. With that much gain built in, we obviously also sold to cash out some profits. We still have quite a few shares of FTR so by no means have we exited the stock completely. I probably should have clarified that FTR was more of an effort to re-balance.
Thanks for stopping by and for your comment. AFFJ
I see you sold FTR. I am thinking about selling too but didn't pull the trigger yet.
ReplyDeleteCongrats on another good month!
Yes, HH&WG...we bought pretty low so we actually collected some nice profits from the recent sale (100% to be exact). I know many dividend stock investors rarely sell, but I personally have no problems selling to cash out on some profits. My decision is partially due to the fact that I receive free shares, but I also think that it is wise to sell when stocks are high as opposed to when they are out of favor and at bottom basement prices. AFFJ
Delete