I’m Pat Rosenheim, a.k.a. the PandA Trader.
So, I decided I should probably post about my #PLAN for the foreseeable future. A lot of people ask about my investment theses, so that seems to justify this post. Let’s see if I can even begin to support that statement.
I only post for my holdings, but they’re as accurate as I can make them. The symbols are; ACSF, AGD, ARCC, ARR, AWP, BDCL, BDJ, BFK, BGH, BKN, BTA, BXMX, CEFL, CLM, CRF, CSQ, CXE, DFP, DHF, DHY, DIAX, DNP, EAD, ECC, EVN, FFC, FHY, FIF, FLC, FPF, GAIN, GLAD, GOF, GUT, HIX, HPF, HPI, HPS, HYB, IVH, JPC, JPI, JPS, KIO, LDP, LEO, MAIN, MAV, MFM, MHI, MITT, MMD, MORL, NAD, NEWT, NHF, NRO, NRZ, NVG, NYMTN, NZF, OAKS, OIA, ORC, OXLC, PDT, PFD, PFO, PHK, PHT, PMF, PML, PMM, PMX, PSEC, PSF, QQQX, RA, REML, RFI, RNP, RQI, SAR, SCM, SPXX, STK, TICC, TLI, TPZ, TWO, UTF, & VGR. Quite a list, eh? (92 total issues held; 17 common stocks, 4 ETNs, 1 preferred share, and 70 CEFs, of which 18 are tax-free muni CEFs.) Most pay monthly! Only ARCC, BDCL, BXMX, DIAX, MITT, NEWT, NRZ, NYMTN, QQQX, SAR, SPXX, STK, TICC, & TWO pay quarterly.
I will continue to screen using the method(s) outlined in my Watch List post(s).
I will continue to withdraw funds as needed to augment our income as outlined in my monthly income phase of The #Plan #UPDATE.
I will continue to “harvest” capital gains by selling holdings at new 52 week highs with “limit orders” in minimum 100 share lots so I can specify AON (All or None). I may also sell for other reasons (i.e.; because I can, I felt like it, I needed the money, etc.).
I’ll try to outline a bit of the rest of the #Plan each week with updates on my thinking, such as it is…
I like it. I don’t love it. Sometimes it is frustrating and/or confusing and/or obtuse.
Capital One Investing – I will be transferring our accounts to BAML Edge in March.
Fidelity – I will be transferring most of our accounts to BAML Edge in March.
Now, a little about my investing philosophy; “If they don’t pay, I don’t play”. I LOVE dividends! So, if a stock pays dividends, I’m interested, and if they don’t I’m *generally* disinterested. Simple plan for a simple man.
Our #HYHRD (High Yield, High Return Dividend) portfolio is all about the income, so that’s what I look for in an investment; high yield while minimizing risk as best I can (dividend yields of ~5%+ & annual returns of ~10%+).
According to calculations done on my Google sheets, my current YOC (Yield on Cost) is better than that! I factor in the cash held in each account for the total portfolio value. The total value of the portfolio is now more correctly reflected on the spreadsheets because of this. The only thing missing (except on the monthly balance sheet) is my wife’s TSA. Not much to look at there, so I just report the balance at the end of each month. This year will be her first RMD (or MRD, whatever). This withdrawal will be automatic, every November 15th. The first withdrawal has already been deposited in our checking account, with 50% withheld for Federal Income Tax.
I am often asked what my “favorite” holding is, and I really can’t answer that. Here’s why; to have a favorite entails some sort of emotional attachment and I am not emotionally enamored with any of my holdings and would sell it all in a heartbeat if they fail to pay me. I’m tired of paying for things, and I want to be paid now. I just really feel like it’s “my turn”!
I don’t day trade, or swing trade, or play options (anymore).
If any questions are posted on my blog, I’ll answer them and include them here in future posts if I think of it when posting. 😉
I’ll also continue to try and be as helpful as I can on the StockTwits platform.
Here’s what someone said about me recently on Stocktwits;
@panda317 By far you are my favorite poster I’ve found on the Stocktwits message board.Carry on.
— James Wulgaert (@jwulgaert) May. 11 at 05:20 PM
I thought that was very nice…
We received a $200 bonus in each of our Capital One Roth IRAs for transferring from Fidelity. Yay.
And, I have to tell you, I am absolutely loving this TDM dividend tracking software! I’m glad I renewed my PRO subscription.
We surpassed $125,000.00 in dividends received since #HYHRD portfolio inception on 4/4/12 on the 1st of August!
Everything is in a “holding pattern” until after the accounts have been transferred to BAML Edge in March.
Somebody else recently blew me away on StockTwits with these comments;
@panda317 what is the best dividend paying stock for your buck. Mine is orc but I’m a newbie with minimal money.Your warren buffet to me
— Robert Estes (@BigRedBob) Jul. 24 at 11:17 PM
@panda317 I only do what I learn from you and read on the internet. To me your the Oracle in a sense
— Robert Estes (@BigRedBob) Jul. 24 at 11:20 PM
I do see some possibility of turmoil ahead. It usually begins with news items that start out with “Trump tweets…”, or something about the midget with the bad hair from North Korea, or something else equally sensational, so there’s that. Who will Trump fire next on this reality game show of his? OK, enough politics…
Let’s talk religion instead;
MILESTONE!: We have collected over $125,000.00 in dividends since the inception of the #HYHRD portfolio. This milestone was reached on August 1st, 2017. Next milestone will be $150,000.00 in dividends received.
I will be converting 1/6th, then 1/5th, then 1/4th, then 1/3rd, then 1/2, and then the remainder of my IRA to my Roth IRA in January of each year.
So, some slight changes to investment methods and Robinhood will look across the entire portfolio and will also be the 1st place to add new holdings. I am beginning to think of Robinhood as my sandbox, or test case portfolio. Always trying to find the highest paying items without being overly risky (yeah, we’ll see how that goes) and no trade fees, except when I sell.
I’m also moving our accounts away from Fidelity and Capital One Investing to a new broker, because Capital One Investing will not allow any investment or trades or purchases in my wife’s Roth IRA (this includes DRIP purchases!!!). This will be initiated by March 10th of next year, at the very latest.
On November 15th, Capital One Investing removed the restrictions placed WITHOUT WARNING on my wife’s Roth IRA that prohibited trading (buying and/or selling, and also dividend reinvestment). I immediately sold 300 shares of PHT and 1500 shares of PHK and bought 200 shares each of NYMTN & NYMTO.
Our joint brokerage can move at any time.
My Roth IRA move to a new broker will be initiated by March 9th of next year, at the very latest.
I am moving to Bank of America Merrill Lynch, specifically Merrill Edge for our new broker. BAML Edge beats most other brokers by a mile with 30-100 limited free trades and no annual fee. So, it looks like Merril Edge is the clear winner and I will get at least 30 free trades each month with Merrill Edge, which is enough for my needs.
I had a meeting with a representative at a local BofA branch, and made an appointment for Dec. 4th to initiate the partial transfers, leaving only ACSF, BDCL, CEFL, MORL, & REML at Capital One Investing. Eventually, partial transfers of DTC eligible holdings will be initiated to move these issues from Merrill Edge to Fidelity.
That plan is now on hold until March, 2018. I don’t want to lose the bonus amounts paid into our Capital One Investing accounts.
I will meet with the Merrill representative in March to effect the account openings/transfers, etc.
The portfolio is in a sort of “holding pattern” until I meet with the Merrill representative in March and/or until the income taxes are paid. I am DRIPping some holdings that are showing significant percentage gains at Capital One Investing, but none at Fidelity are presently being DRIPped, except the joint account. Robinhood, of course, doesn’t offer DRIP of any sort.
I will leave you with a (rather large) screenshot from my Google sheets that shows all of our holdings, ranked by total return (there’s also position size ranking, %change since purchase rank, rank by yield, type of security, frequency of dividend payments, total return, total $ gain/loss (unrealized), rank by income, and rank by gain/loss);
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!