Well, looking at dividends declared through the end of the year, it now looks like we’re going to beat last year’s total by over $2,396, and will end the year with a little over $29,306 in dividend income.
We’ve also had some REALIZED capital gains which are not included in that figure, so it hasn’t been a bad year overall.
Given all of that, though, we’ve still got a substantial capital loss which is UNREALIZED, but as long as the dividends keep coming that doesn’t bother me as much as if the dividends were to be suspended entirely for one or more holdings. That would most definitely suck. So, while these are just paper losses right now, they may become actual losses at some point, which is worrisome.
So, next year we will begin a slow transition to a SWAN portfolio which will most likely contain some preferred issues, and will probably also begin to migrate some of our IRA positions to our Roth IRAs to lessen our tax liabilities.
We will continue to put $300 per month into our joint taxable account for the foreseeable future, and may partially or fully discontinue dividend reinvestment at some point to harvest that taxable income stream.
But, the future is difficult to predict, the past is unreliable, and the present is fleeting.
Season’s Greetings to you and yours from the PandA Traders!