I’m Pat Rosenheim, a.k.a. the PandA Trader.
I decided to start using the TDM software again. I downloaded it from http://www.thomasdividendmanager.com/index.php/download-tdm
Then I purchased a Pro license. There’s a
14-day 45-day free trial, but I’m familiar with the software and didn’t feel like waiting.
This is a record of that journey…
Part of the reasons for doing so;
- Automatic updates of stock information, dividend rates, and declared dividend dates
- Automatic entry of dividend payments
- Simplified DRIP (Dividend Re-Investment) automation.
- Customized fields to show whats important to you
- Stock chart price history
- See your monthly distributions broken down by month
- Detailed Dividend History
- Dividend Pay rate history
- Dividend Yield History
- Your year to year stock performance
- Upcoming Ex-Dividend List
- Stock Charts
- Stock News
- Date range printable reports including bar and pie charts
- Diversification Data & Chart
- Input Recurring Register Items (Automatic Deposits and/or Withdrawals)
- Customized alerts
- Fractional Shares
- Find new stocks based on dividend yield
- Stock Calculator
- Export to Excel
- Automatic CAD to USD rate conversion on distributions
- A lot more….
I started fresh, with a blank slate so to speak. For the Fidelity accounts, I input all of the transactions separately, but for the other accounts I just took the total shares and total cost and used that to start out since I’m basically lazy. Less work to begin with, but a little more work when dividends are paid, at least until the program becomes current with the holdings and ex-dividend dates.
Here’s a look at my Fidelity IRA, and you can see the holdings and expected dividends automatically waiting to be received (click picture to embiggen).
And, here’s a look at our Capital One Investing joint taxable account, with some dividends not calculated yet (click picture to embiggen);
The difference between the 2 screenshots is that the first one is calculating the dividends automatically, while the 2nd one isn’t calculating all of them just yet. It will shortly, though…
Now, here’s something really neat; the program alerts me to a change in the dividend. Notice the dividend for TLI (and the future dividend, which is lower!) (click picture to embiggen);
If you click on the symbol on the left, and select detailed view, you can see the date this lower dividend was declared, and the next 3 ex-dividend and payment dates as well as the amount (click picture to embiggen);
Dustin, the programmer, is constantly updating the software with great new features. The DRIP feature is new since I last used it.
BTW, I stopped using it because I was very involved with preferred shares, and the dividend info was very difficult to import into the program. It would have been a simple enough workaround to enter the few that didn’t get updated, but I’m lazy. Didn’t I mention that already?
Anyway, as you can see, the dividend info for my stocks and CEFS is pulled quite easily and automatically into the program.
More as I find the time to update…
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!