Update June 20 (week 68)

Added

As planed I bought 100$ in SPY.

Review

The portfolio gained $5.64 dividend this week. Year to date it is $173.76. Since inception $225.17.

At the moment it is hard to tell where the market is going. It could go down to $350 or we go up to 415 again. The market is in the middle of nowhere.

Last week I was pointed to DIVO. What I like about it are several things. 

• another covered call ETF
• the number of stocks is limited 
• sector allocation is pretty broad band

Yes, in a downturn like we are at now, the ETF will out perform the market, as it does not decline as much and still generate a dividend. In an up trending market, this ETF will underperform the market as the upside is caped with the use of selling calls against the underlying.

Next Week's Plan

Next week's plan remains as outlined. Another 100$ into DIVO.  This will be the position to add on until it becomes 5% of the portfolio

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything. 

Update Jun 13 (week 67)

 Added

As planed I bought 100$ in FSK.

Review

The portfolio gained $3.27 dividend this week. 

Next Week's Plan

Next week's plan remains as outlined. Another 100$ into SPY.  This is at a good discount right now.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything.

Update Jun 06 (week 66)

 Added

As planed I bought 100$ in FSK.

Review

As planed I added 100$ to FSK.  The portfolio gained $3.94 dividend this week. This week $3.96 in dividends entered the account in JEPI, PTY, AMGN and WBA.. This is $164.26 YTD and since inception $221.49.

The Market

On Thursday we closed at the low of the day and we lost the support of the 410 level. With that the W failed. We are now almost back to the bottom of the W. It remains to be seen, if we stay in the range of the green rectangle or  if we lose that area. If we lose the area, the next target would be $350.

 

Next Week's Plan

Next week's plan remains as outlined. Another 100$ into FSK. (Note, FSK is ex dividend on Tuesday)

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything.

Update Week May 31 (week 65)

 Added

As planed I bought FSK

Review

This week the account added $16.63. YTD it is $160.89. Since the beginning this are $217.53.

The market:

I added another box into the chart. This box has the size of the W. I like the fact that we are talking the time here and not try to race back to the 430ish level.

Next Week's Plan

As discussed 100$ will go there this and next week.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything.