I’m Pat Rosenheim, a.k.a. the PandA Trader.
FINAL UPDATE ON PREFERRED SHARES
I just added up the profits (and losses) from investing in preferred shares since March 14th, 2016.
I can tell you that we now have exactly $13,553.49 in capital gains/losses. Another bonus, this is (*almost*) all in our Roth IRAs so it’s mostly untaxed. Yay.
I didn’t include dividends in that figure yet. That’s at the bottom of the page. 😉
Following are the links to the dividend pages as well as a screenshot showing gains/losses from sales of preferred shares;
First, the screenshot of gains/losses;
Next, the links to the pages of dividends received;
$ARRPRB Dividends Received – #TheLastHonestMan – $1,025.41 (through 4/27/17)
ARRPRB is the only preferred stock that we currently own, so we will continue to receive dividends until we sell the shares.
UPDATE: March 16, 2017 In my wife’s Roth account, I bought 50 more shares, so now we will be receiving more dividends until we sell the shares.
UPDATE: April 21, 2017 Sold all $ARR preferred series ‘B’ under new 52-week high for a gain of $136.24. Since there are no more preferred shares in our portfolio, this is the final update.
So, bottom line is; we have made $17,139.47 from preferred shares since March 14, 2016. We continued to earn $49.22 through March from our shares of ARRPRB. Starting in April, that figure increased to $57.42 per month. But now, since I have sold all “preferred shares”, this will be my last piece for a while on the subject.
Some might argue that by selling on 4/21/17, I “gave up” $57.42 each month in income. Well, with the proceeds, I bought FFC FLC GOF GUT PFD PFO PHK PHT which are DTC-eligible in both of our Roth IRAs held at Fidelity. These will DRIP because of the possibility of re-investing at a discount. I received the last dividend from ARRPRB on 4/27. So far, first estimate at dividends for the CEFs purchased is $57.98 each month on slightly less cost. So, not only am I ahead on cost, I’m starting out DRIPping (at a “possible” discount!) an additional $0.56 each month. Big deal, right? Well, keep an eye on both Roth IRAs held at Fidelity on my dividends tab of my spreadsheets and we should see those figures start to grow. 😉
All in all, not too shabby…
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!