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.