Friday, August 31, 2012

August Recap

August was a fantastic month, I'm very pleased with the results.  I felt the market was kind of high and didn't buy much accordingly.  I have quite a bit of dry powder now; I'm ready for a correction.  Hopefully we'll see one soon.

DOW: 13,001 /// S&P 500: 1,399 /// 10-YR Bond: 1.62%

New Purchases:
1)  49 shares Corporate Office Properties Preferred Series L (OFC-PL) which will provide $90.36 in dividends every year.  I bought the shares at $25.43

1)  18 shares Phillips 66 (PSX) reducing my annual income by $14.40.  I sold at $40.10 per share.

Dividends Received:  $409.77
AT&T (T) - $80.52
General Mills (GIS) - $23.28
Raytheon (RTN) - $28.50
Linn Energy (LINE) - $43.50
Abbott Laboratories (ABT) - $27.54
Exchange Income Corp (EIFZF) - $17.43
Procter & Gamble (PG) - $43.84
Realty Income Preferred F (O-PF) - $6.76
Boardwalk Pipelines (BWP) - $91.06
Senior Housing Properties (SNH) - $21.28
LTC Properties (LTC) - $26.06

Dividend Increases:
1) NSC: $.47 to $.50 per quarter.  $4.56 annually
2) ITW: $.36 to $.38 per quarter.  $2.32 annually
3) LTC: $.145 to $.155 per month.  $20.16 annually
4) TD:  $.72 to $.77 per quarter.  $3.20 annually

New Deposits:
$1035 this month.  $300 to ROTH IRA.  $735 to taxable account.

-39 shares KO from the stock split


  1. $400 in dividends and 4 dividend increases... a fantastic month indeed! Keep up the good work.

    Like you, I'm also hoping for a correction soon.

    1. Yeah not too shabby of a month. I think September will be a good one too.

  2. CI,

    Wow man! $400 in dividends in one month. Fantastic stuff!

    I think it'll be quite a while before I receive that kind of income in one month. You've made a lot of progress in such a short period of time. Keep up the great work.

    I, like you and DGM, am also hoping for a correction. The Fed's seemingly willingness to continue providing liquidity to the markets isn't helping our case.

    Best wishes!

    1. Damn you Bernanke! I thought we were on the verge of a mild correction which he squashed last Friday. It's crazy that the market can have a big day just because a stimulus package is still on the table. The fact that we would need a stimulus package in the first place is not encouraging. Just means stocks will be higher than they should be.

      Let them fall. I want another chance to get PM at 62 and ABT at 46!

  3. You had a great month! $400 in a single month from dividends is great. I won't expect to hit that in a single month until maybe late next year.

    You, like many others, have additional "dry powder" waiting to deploy on a market correction. I hope you're right and we do see one. If QE3 goes into effect we may not.

    Good luck!

    1. Thanks man

      I'll be making a purchase every month regardless of what the FED and the stock market does. I plan to save some dry powder for opportune times however.

  4. Wow, $400/month! Great stuff, as others have said. Like you, I felt prices were a bit high in August, so I sat out completely. I think that might have been the first month on the sidelines since I started... As such, I've also stashed away some powder, and am now ready to feast! Just waiting for that correction.

    Great progress!

    1. It can be tough to sit out for long periods of time, hopefully it will result in better entry prices and therefore better yields. I'd say we're more likely to see DOW 12,000 than DOW 14,000. Still a lot of hangups in our economy and in Europe.