On the second Saturday of the month I will update the Pocket Change Portfolio (PCP). The table below reconciles from beginning of period to end of period the PCP for September 2008, Year-To-Date (2008) and Life-To-Date. Obviously, Year-To-Date and Life-To-Date will be the same for the remainder of the year. The Portfolio Returns line provides the calculated return for the three displayed periods.
Description Sep-2008 Year-To-Date Life-To-Date Beg. Portfolio Value 1,120.27 - - Online Cash Receipts 469.33 1,607.32 1,607.32 Online Expenses - (20.00) (20.00) Gross Profit 469.33 1,587.32 1,587.32 Dividends - - - Interest Income 0.21 2.49 2.49 Subtotal 469.54 1,589.81 1,589.81 Gain/(Loss) (83.10) (83.10) (83.10) Ending Portfolio Value 1,506.71 1,506.71 1,506.71 Portfolio Returns (5.2%) 0.00% 0.00%
Online Cash Receipts relates to all earnings generated online. Most of which is advertising on the my various blogs. The $20 Online Expenses relate to registering 2 domains (dividends4life.com and thediv-net.com). Since I host on Blogger, this line should see minimal activity. The Dividends line is for dividends earned in the PCP. The Interest Income line is interest earned on cash balances in an ING account I set up for the PCP. The Gain/(Loss) line is for market changes to the PCP (realized and unrealized).
As previously mentioned, during the month of September I purchased 20 shares of BP at $54.10/share and charged the portfolio a commission of $4.50. The BP stock will provide me $69.60 in annual income.
It is my goal to have sufficient earnings to purchase a stock in the last month of each quarter. I currently have $503.31 in cash, so my goal of purchasing an additional stock in December is obtainable.
My PCP holdings are always available by selecting the Holdings option from the menu in the header.
(Photo: sanja gjenero)
Related Articles:
Pocket Change Portfolio - September 2008
Posted by D4L | Saturday, October 11, 2008 | pcp, progress | 5 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
Investors wanting to enjoy steady and consistent income should consider dividend aristocrats. In fact, even in these chaotic times, dividend...
-
The best dividend stocks have one thing in common: resiliency. They can continue increasing their dividends even in the harshest economic en...
-
Higher dividend yields often imply that the underlying company paying the dividend has a higher risk profile. However, that's not always...
-
Dividends and diversification -- those two things can help you achieve a comfortable retirement when combined with the income you will recei...
-
A select group of monthly dividend stocks pays dividends at a rate of 10% or higher. Those are the ones on this list. Investors should be aw...
-
It's hard to beat a sustainable, high-yield dividend paired with a beaten-down valuation. The best dividend stocks offer high yields and...
-
How high is too high when it comes to dividend stocks? Of course, every income investor wants as much yield as possible. However, they also ...
-
When hunting for discounted investments, one excellent starting point is to look for businesses with dividend yields trading above their fiv...
-
Strange but true: seniors fear death less than running out of money in retirement. And unfortunately, even retirees who have built a nest eg...
It will be interesting to note the exponential nature of this "portfolio" as earnings ramp up, dividends increase, and the compounding begins to take place.
Tyler: You are absolutely correct. I think it will be an excellent demonstration of what can happen when you put back a little each month for investing.
Best Wishes,
D4L
I would also like to see the progress of this PCP portfolio. I have one comment however - as the portfolio exceeds $2,500 why can't you simply stop charging a commission and start dollar cost averaging into several positions.
I think that you could select up to 10 quality dividend stocks and then buy equal dollar amount in each of them every other day each month..
DGI: I do plan to stop charging a commision after the PCP reaches $2,500. However, since it is a real dollar portfolio that is piggybacking on my Scottrade accout it would be cost prohibitive to execute 10 trades a month. I have toyed with the idea of buying each month after reaching the $2,500 level. I am not sure I want to deal with the administration of that. I still have some time to make that decision.
Best Wishes,
D4L
D4L,
If you don't have a Zecco account, I would gladly help you in opening one. 10 free trades/month are almost enough. Just e-mail me at my e-mail :-)