My portfolio has decided to either be profitable or not. With half in the red, and half in the black, my stocks are chaotic and confused lately. Good earnings reports and stocks go down, or up. They can't make up their minds. Many commentators say it is due to high expectations, but I think the longs just don't have any more money, and the shorts have too much and are creating this flux. I think this is obvious from the DJIA not sure where it wants to go. Anyways, I will just keep buying the deals and increasing my income. Like a good profiteer in a war, I will make money from both sides.
My net worth for my 401k has increased thanks to paying off my 401k home loan, but no thanks to the market. I opened a Brokeragelink account, and was disappointed to find I could only buy ETFs with my 401k money. Oh well, I dropped 100 shares into each sector with cash on hand, and we will see how that pans out.
Dividends Received:| XEL | $16.34 |
| MAIN | $6.65 |
| O | $9.88 |
| PM | $17.12 |
| KMB | $5.00 |
April Purchases:
| QCOM | 16 |
| SO | 15 |
| PG | 12 |
The irony is that I told a friend 2-3 weeks ago that hardly anything in my portfolio was on sale. A week later and half my portfolio was on sale. Well, unless something jumps out as a great deal, I won't be adding any new stocks anytime soon.
May will also be the anniversary of when I started my portfolio. I may be doing some tax harvesting to increase annual dividend income and reduce taxes (trying to keep out of a tax bracket I will most likely hit this year). Also, when I hit 50k, I may be moving to a different broker that offers free trades at that level. This will be advantageous to buy smaller lots, catch ex-dividend dates, and put my dividends to work immediately when I get them. Stay tuned.
