The Investment Road to Freedom

February 2nd, 2015 at 1:10 pm

January 2015 – Month in Review

It’s been a while since my last post and I want to get back to keeping my blog up to speed. In the time since my last post I’ve been pretty much doing the same which is building my Investment Road to Freedom fund. A dental emergency wiped out my $4k + Loyal3 account which was very disappointing but I’ll build it back up.

New Purchases: $41

  • In my Loyal3 commission free account I brought 0.1410 shares of Viacom (VIAB), 0.1087 shares of Disney (DIS), 0.2433 shares of Microsoft (MSFT) and 0.1024 shares of Apple (AAPL)

The partial shares of Viacom were my first involvement in that stock and I look forward to adding more over time. I have 41 shares of Apple in my other taxable account. These 4 buys in my Loyal3 account are the only shares in that account after selling all previous companies in that account.

Sales: None.

Option Trades: $22.03

AT&T (T) – BTC Jan2015 $34 put at $0.46 x 100. This cost me $60.98 after commission. This is in my IRA account.
AT&T (T) – STO Feb2015 $34 put at $0.98 x 100. This earned me $83.01 after commission. This is in my IRA account.

I really like AT&T as a company. I have my cell phone with them and so does the wife. The reason for this put roll out is while I’m happy to own them I don’t want to just yet. My cost basis is $33.43.

Dividends: $1.51

  • Wal-Mart (WMT) – $1.51

While a very low number my first dividend ever in the month of January. This was received in my Loyal3 account.

Forward 12 Month Dividend Forecast: $336.68

Looking forward to breaking the $500 mark.

Deposits: $1075

Out of this $1075, $1015 went to my IRA and $60 to Loyal3. My immediate goal is to reach the full $5500 allowed for the 2014 IRA year – I have until April 15th to do this and I am currently at $3470. My goal is $1000 total deposits a month so I am ahead of my plan.

Investment Road to Freedom fund value:

The fund value stands at $33958.17.

The breakdown of the individual accounts show

  • 401k = $14217.61
  • IRA = $9151.05
  • Taxable = $7869.39
  • Other = $1934.92
  • EF = $280.57
  • Lending Club = $462.75
  • Loyal3 = $41.88

My best month ever was November when I topped $36k but the Loyal3 sell off dropped me significantly.

Credit Card Debt: $0

Wahoo!

Car Loan: $26250.40

Slowly paying this down. Long way to go.

Mortgage: $172429.92

Our monthly payment is $1269.24

Income from Credit Card Rewards: $100

$75 of this was from my Amex Blue Reserved card and the other $25 from my FNBO account.

Summary:

I was happy to get my Loyal3 account going again. I was pondering to close it or keep it open. In the end the no commission is a big seller and being able to buy partial shares from as little as $10 is a win win. February hoping to move closer to that $5500 in my IRA for the 2014 year. February is also the one remaining month that I have never received a dividend so we shall see if we break that. On the options front I have that put in AT&T. If it is in the money I’ll either except assignment or roll again for more income.

Hope everyone had a great month!

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6
  • DivHut
    12:22 am on February 3rd, 2015 1

    Happy to see you back online updating your recent financial picture with us. I see that Loyal3 account popping up all over the dividend blogging world. If I was starting out today I’d be using it too. Keep building that dividend snowball one dollar at a time. Still no options action for me but I see a few using covered cal writing or selling puts to enter into a position if assigned. Those are the two ways I’d get into that game. Thanks for sharing.

  • investmentroadtofreedom.com
    7:22 pm on February 3rd, 2015 2

    Thanks DH. Loyal3 is a great platform to build’s one portfolio and that dividend snowball does not take much to get going. Thanks for stopping by.

  • A Christian Investor
    7:27 pm on February 5th, 2015 3

    I just recently opened up a Loyal3 account myself and I like their business model. It’s great for people who want to start investing with little to no capital. Having no fees really helps… being able to invest as little as $10 knowing that 100% of it is going to your investment. For some brokerages, if you had $10 to invest, a transaction cost of $9.99 would pretty much eat away most of your initial capital.

  • investmentroadtofreedom.com
    7:47 pm on February 5th, 2015 4

    Hi CI,

    I hope Loyal3 can continue to offer commission free trades. These small trades can build into a much bigger snowball of dividends over time. Thanks for stopping by!

  • Martin
    10:27 pm on February 6th, 2015 5

    I like you are credit card debt free. I decided to work hard on mine this and subsequent years. Great job on building your portfolios and dividend/option income. I like to be diversified with my investments too.

  • investmentroadtofreedom.com
    11:57 am on February 7th, 2015 6

    Hi Martin, Credit card debt was one of the things that hurt me last year and I’m happy to have got that down to zero. Thanks for stopping by