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. I usually don’t make late changes, but you never know…
I decided to make these ‘sharebuilder’ investments weekly, usually on Tuesday. Starting with the September 19th investment day, I updated the investing schedule for this account to twice a month on the 1st & 3rd Tuesday, using 6 of the 12 ‘free’ trades each investment day.
This will be the last sharebuilder update because all accounts are moving to Merrill Edge in March of 2018.
UPDATE: 11/21/17 While these goals remain for this account, they will be at a new broker. Transfers will begin early next month to Merrill Edge, and only a few holdings will remain here. There will no longer be any sharebuilder updates (i.e.; this will be the last sharebuilder update). All securities will be transferred to the new broker ASAP. All cash, except for approximately $75.00 or so to cover transfer/closeout fees will be either invested, withdrawn, or transferred to the new broker. I think it’s an understatement to say that my opinion of Capital One Investing (ShareBuilder) has soured considerably, especially in the past month (for undisclosed reasons). While these transfers are taking place, transfers of all securities from corresponding accounts held at Fidelity will take place.
ind-PandA For this taxable account, investments are calculated automatically on the ind-PandA tab in my Google sheets. Check it out! I look for Annual Dividend, and pick the bottom 6 for investments in this taxable account. Investment amounts are weighted, with the lowest ranked getting the largest investment, and shared proportionately among the 5 remaining investments. With this method, my aim will be to increase the amounts paid until all 27 are paying fairly equal amounts each month.
- My 1st goal will be to increase minimum monthly dividends paid for each security to $1.00 or more (reached with investments on 9/5/17).
- My 2nd goal will be to increase minimum monthly dividends paid for each security to $1.25 or more (reached with investments on 11/7/17).
- My 3rd goal will be to increase minimum monthly dividends paid for each security to $1.50 or more.
- My 4th goal will be to increase minimum monthly dividends paid for each security to $1.75 or more.
- My 5th goal will be to increase minimum monthly dividends paid for each security to $2.00 or more.
- My 6th goal will be to increase minimum monthly dividends paid for each security to $2.25 or more.
- My 7th goal will be to increase minimum monthly dividends paid for each security to $2.50 or more.
- My 8th goal will be to increase minimum monthly dividends paid for each security to $2.75 or more.
- My 9th goal will be to increase minimum monthly dividends paid for each security to $3.00 or more.
The next logical step would be a 10th goal, but I think $3.00/month is a good baseline for this account and equates to about $36.00/year, or roughly a dime a day. For the 27 securities held in this account, that $3.00/month equates to $81.00/month or more. I think that’s very nice considering 14 of those 27 securities are “tax-free”, so that’s roughly $42.00/month in “tax-free” income from this account. That is, of course, “tomorrow dollars” because I’m not quite at that level yet. I’ve only just completed Step 1 of this 10-step process and I imagine it will take quite some time to reach Step 9. Well, moving on…
So, I’ll need another methodology to pick investments in this account. I like using Total Return (shown as Annualized on the sheet), because it combines price change since purchase with YOC (Yield on Cost). I think I will complete my “10 Step Program” by changing the calculation of investment picks within the account to pick the top 6 for each of the 2 investment days each month, which will again be weighted with the highest in Total Return given the lion’s share of the investment, and the other 5 will get their “fair share” depending on how well they fare in Total Return. But, this last part is quite a ways off in the distance. At least now I have something to shoot for.
Here is a screenshot showing the current 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!