Project: Dividend Stocks for Teenager May 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 May. Hopefully she will decide to purchase more stocks soon because she got a summer job at a restaurant and she plans to work there through the year too.

I suggested to open Roth IRA account since she started working but so far she declined the idea of saving money for retirement. 

Overall portfolio gain so far is +8.36%, the only stock which is lacking is still LHO.

May Dividends:

PG	$11.58
RY	$12.64
T	$18.25
Total	$42.47

Here is the dividends month by month:

2015

jan

feb

mar

apr

may

june

july

aug

sep

oct

nov

dec

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

49.81

18.7

28.91

50.27

Total

147.69

jan

feb

mar

apr

may

june

july

aug

sep

oct

nov

dec

2016

18.73

41.03

52.35

19.11

42.47

Total

173.69

Thanks for reading and please share your thoughts.

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

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.

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.

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:

AAPL	$1.20
YUM	$0.34
Total	$1.54

Thanks for reading!

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:

AUY	$0.88
VER	$32.07
BNS	$14.68
BCE	$18.80
CHSP	$15.25
CSAL	$19.53
FCPT	$3.64
GPS	$0.94
GSK	$77.75
KO	$18.47
M	$0.92
NKE	$1.80
PM	$11.57
STOR	$0.63
UFS	$14.99
WFM	$3.15
WMT	$1.25
WIN	$4.17
Total	$240.49

This is 62.6% increase comparing to April 2015.

Here 2014/2015 vs 2016:

2014	Jan	Feb	March	Apr	May	June	July	Aug	Sept	Oct	Nov	Dec
	$48.61	$12.44	$63.58	$90.04	$65.67	$126.98	$122.68	$118.36	$185.28	$93.18	$123.70	$263.68
									Year to date			$1,314.20
2015	Jan	Feb	March	Apr	May	June	July	Aug	Sept	Oct	Nov	Dec
	$78.69	106.39	333.50	150.77	128.34	298.21	118.30	122.05	361.36	184.44	113.44	316.17
									Year to date			$2,311.66
2016	Jan	Feb	March	Apr	May	June	July	Aug	Sept	Oct	Nov	Nov
	$183.80	104.48	445.07	240.49
									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.

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:

2015

jan

feb

mar

apr

may

june

july

aug

sep

oct

nov

dec

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

49.81

18.7

28.91

50.27

Total

147.69

jan

feb

mar

apr

may

june

july

aug

sep

oct

nov

dec

2016

18.73

41.03

52.35

19.11

Total

131.22

Thanks for reading and please share your thoughts.