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; ABBV, AGD, ARCC, ARR, ASG, AWP, BF.A, BF.B, BFK, BGH, BKN, BST, BTA, BXMX, CLM, CRF, CSQ, CXE, DFP, DHF, DHY, DIAX, DNP, EAD, ECC, EVN, FFC, FIF, FLC, FPF, FSD, GAIN, GLAD, GLOP, GOF, GUT, HIX, HPF, HPI, HPS, HYB, IVH, JPC, JPI, JPS, KIO, LDP, LEO, LOAN, MAIN, MAV, MITT, MMD, NAD, NEWT, NHF, NRO, NRZ, NVG, NYMTN, NZF, OIA, OXLC, PDT, PFD, PFO, PHK, PHT, PMF, PML, PMM, PMX, PSF, QQQX, RA, RCKY, RFI, RNP, SAR, SPXX, STK, TLI, TPZ, UTF, & VGR. Quite a list, eh? (85 total issues held; 14 common stocks, 1 preferred share, and 70 CEFs, of which 16 are tax-free muni CEFs.) Most pay monthly! Only ABBV, ARCC, ASG, BF.A, BF.B, BXMX, DIAX, GLOP, MITT, NEWT, NRZ, NYMTN, QQQX, RCKY, SAR, SPXX, STK, & VGR pay quarterly.
I will continue to screen using the method(s) outlined in my monthly 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’ll try to outline a bit of the rest of the #Plan each week with updates on my thinking, such as it is…
We filed our joint federal tax return, and our combined taxable income was $4,665 so our tax liability was $0.00! I’m so proud! Words fail me…
One of my goals was to reduce or eliminate paying taxes and we are well-situated in that respect. Future years may see us paying a little tax, but nothing like we have been paying our entire lives. This year, we even got a refund of taxes withheld!
Now, about income; all the income from our Roth Ira accounts is untaxed and not reported to the government. My IRA is a *puny* tax-advantaged account, and is slowly being converted to my Roth IRA. Each conversion is at least a partially taxable event, so that might add to the possibility that we will at some point have to pay taxes. Our joint account is a taxable account, but we have tax-free holdings in there, as well as some that pay qualified dividends, like ABBV, BF.A, BF.B, GLOP, LOAN, RCKY, and VGR. I plan to make each holding pay a fairly equal amount so that I don’t have too many ‘tax-free’ holdings or holdings that pay ‘qualified’ dividends. I would like a level playing field there. Just because…
I liked it. I didn’t love it. All positions have been sold and the cash has been transferred out as of the end of April. The account is now closed.
Capital One Investing – I have transferred our accounts to BAML Edge. There was only a small amount left in each account, and I am still waiting for some of the cost basis to be updated. We had a total of $0.73 remaining there, but $0.01 was transferred on 6/12, and the remaining amount was transferred on 6/19. The transfers were started 3/15. So, yeah…
Fidelity – I have transferred our accounts to BAML Edge.
Capital One and Fidelity accounts were combined. PandAjoint was absorbed into ind-PandA and renamed PandA, Fidelity Roth-P was absorbed into Roth-P and renamed RothP, Fidelity Roth-A was absorbed into Roth-A and renamed RothA, and IRA-P will be renamed IRAP. Robinhood holdings were liquidated, and the cash was transferred to our joint checking. What remains now is; PandA, RothP, RothA, and IRAP, all at Merrill Edge. So much for naming conventions.
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.
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.
I have to tell you, I am absolutely loving this TDM dividend tracking software! I’m glad I renewed my PRO subscription.
How do you like the recent stock market action? Are you someone who will #BTFD or #STFR?
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 major milestone will be $150,000.00 in dividends received.
I will be converting 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.
Capital One Investing also had this notice about our account(s) being moved to etrade on login;
Regarding Merril Edge; So far, I’m underwhelmed. Dividends show up a day later than the pay date. It’s hard to see all activity on one screen, but their math seems to be correct, so far. It’s early yet, so let’s see how it goes. I want to get the cash bonus they promised…
My opinion of Merrill Edge is slightly higher than my last post. I guess I’m getting used to it…
…although their phone support is abysmal. “It’s like I’m talking to a dolphin”…
I am starting to like Merrill Edge a little bit more, and find their dividends are either posted same day now or up to a day late. Could things be improving?
I still greatly dislike the fact that they are absolutely unwilling to bend on waiving the corporate action fee of $30 for rights offerings, etc.
There’s also the small matter outstanding that they lied to us about several aspects of our relationship with their brokerage, and their bank. To partially compensate, they have given me some small extra perks for one year ending in July, 2019.
I have just started making small weekly transfers from our BofA checking to our joint CMA brokerage @ Merrill Edge.
I may participate in the CLM & CRF RO in our Roth IRA accounts.
I may add to some positions soon. Or not.
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), etc.;
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!