Tuesday, May 31, 2016

Do you know about SEP IRA account?

I found out about SEP IRA account about 3 years ago. I have my SEP IRA with Fidelity. 

How do you know if you qualify for SEP IRA?

"A Simplified Employee Pension Individual Retirement Arrangement (SEP IRA) is a variation of the Individual Retirement Account used in the United States. SEP IRAs are adopted by business owners to provide retirement benefits for themselves and their employees."

If you are a small business owner or receive 1099-Misc and use Schedule C on your taxes, you can invest 25% of your 1099-Misc earnings (no more than $53k) and this is in addition to your regular IRA/Roth IRA account! 

So basically you can invest and let it grow tax free $5,500 into IRA/Roth PLUS 25% of your self employment earnings. I was surprised when I learned this fact!

Read SEP FAQs Plan Here - IRS website

Thanks for reading

Thursday, May 19, 2016

My Watch List for this Week

My watch list for this week include these stocks:

ABT - Abbott Laboratories - Healthcare is trading close to 52 weeks low at $36.96 with Analyst Price target low $44 and high $49.
Div&Yield: 2.74% for more than 15 years.

I am watching this stock for a while. I am not a big fan of pharmaceutical companies and my plan is to get rid of some in my portfolio, but this one looks fine to me to invest in.

BUD - Anheuser-Busch InBev SA/NV - Beverages- Brewers is back to my watch list because the price of this stock is down to $122 with Analyst price target low $121.70 and high $145.
Div&Yield: 3.97% for 7 years.

RGR - Sturm, Ruger & Co. Inc. Firearms and Castings trading at $64.65 right now, with Analyst Price target low $68 low and high $80. I don't like firearms much and if I pick this one, I will go with not so many stocks just for portfolio diversification.
Div&Yield: 2.17% for more than 15 years.

What stocks do you have on your watch list for this week?

Thanks for reading and please share your opinion.

Friday, May 13, 2016

Stocks I bought this week

Besides my Loyal3 May purchases this week 

I also purchased

10 shares of AAPL - Apple

21 shares of VLO - Valero Energy

As usual I like that both stocks are trading below Analysts predictions.

Thanks for reading.

Wednesday, May 11, 2016

Loyal3 May Purchases and Dividends

I opened my Loyal3 account in October 2015 and I keep truck of my posts here

May Purchases:

$100 - AAPL - Apple
$50 - GPS - GAP
$42 - NOK - Nokia
$30 - KSS - Kohl's
$30 - M - Macy

Total of $252.00

May Dividends:


Thanks for reading!

Saturday, May 7, 2016

April 2016 Dividends and Passive Income Progress

In April I bought  20 shares of CCL - Carnival Corporation. 
I wrote about my purchase here.

Plus I purchased more stocks in my Loyal3 account. 
It was for two months (March/April).

Dividends received in April 2016:


This is 62.6% increase comparing to April 2015.

Here 2014/2015 vs 2016:

Year to date$1,314.20
Year to date$2,311.66
Year to date$973.84

Additional passive income or free money from different financial institutions:

Interest:                                                          $14.09
Points AMEX                                                  $38.14
Points Discover                                              $17.55
JC Penney/Palais Royal/Best Buy                 $50.00

My total financial passive income for the month of April was $360.27

At this moment my goal is to have $1k in monthly passive income from dividends and other financial institutions. 

I started tracking my passive income Summer 2014

2014 Passive income
June           $261.00
July            $209.67 
August       $235.62 
September  $212.97
October      $140.37
November  $207.05
December   $377.91

2015 Passive Income

January     $167.44
February    $279.29
March        $397.80
April          $202.48
May           $229.70
June          $368.21
July           $205.56
August       $254.16
September  $494.20
October      $231.18
November  $268.28
December   $458.46

2016 Passive Income
January     $298.49
February   $332.39
March       $500.67

Thanks for reading and please share your thoughts and progress.

Thursday, May 5, 2016

Project: Dividend Stocks for Teenager April Dividends update

I wrote how we started Dividend Stocks portfolio for my daughter and keep track of our progress here.

We didn't purchase any stocks in April.

Overall portfolio gain so far is +6.5%, it would look much better if LHO would not be so lucking but hopefully it will get better soon. :)

LHO paid  $19.11 in dividends this month and it was the only one dividend stock this month.

Here is the dividends month by month:


Thanks for reading and please share your thoughts.