January was a solid month. The market was mostly sideways, but made a small push upwards towards the end of the month. It was difficult to recognize any screaming buys. I played it safe and made one small investment to help round out my portfolio. I'm trying to conserve cash for better opportunities. I'm fully aware this might be market timing and could backfire. In my head it doesn't make since that only two months ago the same companies producing the same products were so much more attractively priced. I was a kid in a candy store late November, but maybe the market overreacted to reach such lows. Looking forward I still have doubts about the U.S. economy and the situation in Europe.
60 shares Southside Bancshares (SBSI) providing $43.20 annual income. I picked this up slightly over $21/share. The limit order was filled at a price lower than I entered, always nice.
$610 in January. $300 added to ROTH IRA, $310 added to taxable account. I received a small raise and bumped up these automatic investments. I have been doing well with my budget, plus made money on the side. I expect to contribute somewhere around $1000 in February.
1) LTC .14 to .145 per month. This will add $12.06 annually
Dividends Received: $157.83
Pepsi (PEP) - $41.20
Illinois Tool Works (ITW) - $10.44
Phillip Morris Int. (PM) - $60.06
Exchange Income Corp (EIFZF) - $16.97
LTC Properties (LTC) - $29.16
The covered call I wrote on INTC expired worthless this month, making me $23. I have not wrote another call yet because the premiums are low. I might initiate calls on LTC and/or INTC in the future.