I’m Pat Rosenheim, a.k.a. the PandA Trader.
Hey, things change…
…and could change again, up until 5PM on the day orders are created (usually Mondays). I will try to update this post by 4:30PM on that day if I decide to change anything.
Investments are calculated automatically on the cash tab in my Google sheets. Check it out! I look for % change since purchase, and pick the bottom 3 in the portfolio for investments. The investments will be skewed among the poorest performing names in order to buy more shares while prices are depressed which will pay more dividends that will allow more shares to be purchased, ad infinitum.
This account was going to only hold tax-free muni CEFs, and DRIP. Now however, tax status is very uncertain, so I am opening this account up to all holdings (that are eligible for the sharebuilder AIP).
In anticipation of Tax Day on April 18th, I have stopped the DRIP of ALL positions in our accounts to increase our cash positions. I began to re-start DRIP in names that are down more than 10% in each account until they are down less than 5%. The idea here is to try to buy at a discount.
Every week I invest a small amount (~$60.00), skewed among the 3 closed end funds listed in the post title as found in our portfolio.
I decided to make the ‘sharebuilder’ investments weekly, usually every Tuesday.
Here is a screenshot showing the investments queued on the Capital One Investing (sharebuilder) site;
The dates spreadsheet showing the ex-dividend and payment dates for these holdings can be found in my google sheets. I also try to keep the calendar on my blog updated.
As always, YMMV!
PLEASE TAKE NOTE AND REMEMBER THIS!
I’m not telling anyone to buy anything or giving anyone any advice, because that’s illegal. You see, I have no letters after my name, like RIA, CFA, etc. I SIMPLY DO NOT GIVE ADVICE. I only tell (and show!) what I do. You, like me, are all alone in this.
And remember, always do your own due diligence!