This is my first post, I guess my blog is now live. I will be making changes and revising this when I figure out how it all works. It took me forever to even figure out how to make categories.
December was an interesting month. One of my holdings, TC Pipelines, changed its ticker from TCLP to TCP, I sold a position that failed to raise its dividend, I purchased one new position, wrote a covered call on INTC, and am now sitting on a mountain of cash. I have more cash on hand than usual, I guess that's a good thing. In late November I decided that since my job is guaranteed I would be safe reducing the size of my emergency fund and transfered $3,000 into my brokerage account. Between that, my sale, and a lack of enticing entry points I have way too much cash.
28 shares Emerson Electric (EMR) providing $44.80 annual income. I picked this up under $46/share and am open to buying more in the future.
268.078 shares Citizens Holding Co (CIZN) reducing $235.91 annual income. This company was my only financial stock left after HGIC was bought out. CIZN was due for an dividend increase this month, which didn't happen. I found out the bad news early in the month, kept it till the ex-date, then put in a limit sell order. The limit order was filled 30DEC2011, the last trading day of the year. Maybe failing to increase is not necessarily a bad thing and everything is fine, but I'm not going to stick around to find out. It didn't meet my expectations so I kicked it to the curb. I am looking at other financial stocks to fill this void. Currently looking at BLK, WPC, SBSI, but I need to do more research.
$600 in December, pretty standard for me (my take home pay is only $1850 a month). I am expecting a small raise in 2012 and will start adding $610 per month.
Dividends Received: $271.67
ConocoPhillips (COP) - $23.76
Intel (INTC) - $6.30
Chevron (CVX) - $23.49
Johnson & Johnson (JNJ) - $22.80
Coca Cola (KO) - $18.33
Exchange Income Corp (EIFZF) - $16.74
Avista (AVA) - $28.60
Unisource (UNS) - $44.52
Citizens Holding (CIZN) - $58.98
LTC Properties (LTC) - $28.15
I had a covered call of INTC called at $24 and consequently missed the exdate in November. I used the proceeds to buy 102 shares at a lower price. The deal worked out well, I received the premium plus picked up 2 shares, but missed out on $21 of dividends.
$23.02 received for writing a covered call on INTC for $27 that expires 21JAN2012. I do not think INTC is worth $27/share so if it gets called I don't care. I originally bought the company at $19 and change.