Usually investing is smooth sailing; unfortunately July was pretty rough. Storm clouds of doubt started brewing around two of my positions: LINE & INTC. Linn reported it is the subject of an informal SEC inquiry while Intel decided to throw me for a loop and freeze the dividend. Not only that, but I utterly failed in my goal of putting new capital to work this month. I find it extremely difficult to be excited about stocks at the moment. The markets are near all time highs :( The thing is, if you don't purchase equities where else are you going to go? Even with markedly higher valuations, dividend stocks still seem to be the best option for income investors. I kind of feel our hand is forced.
I will be experimenting with Google AdSense for the next couple months to see if it's worth bogging down the load time of my site. Early results tell me pages load at approximately the same speed, and there is a small amount of money to be made.
DOW: 15,500 /// S&P 500: 1,686 /// 10-YR BOND: 2.59%
Dividends Received: $317.14
Baxter (BAX) $10.78
Coca-Cola (KO) $31.64
iShares Emr Mkt Bnd (EMB) $2.64
Illinois Tool Works (ITW) $11.02
Kraft Foods (KRFT) $13.50
Philip Morris (PM) $66.30
Corporate Office Properties series L (OFC-PL) $22.58
Exchange Income Corp (EIFZF) $17.17
Linn Energy (LINE) $24.16
Realty Income series F (O-PF) $6.76
W.P. Carey (WPC) $19.32
Bank of Nova Scotia (BNS) $36.19
LTC Properties (LTC) $26.06
Toronto-Dominion Bank (TD) $29.10
1) COP: $.66 to $.69 per quarter. $7.20 annual income
2) KMI: $.38 to $.40 per quarter. $9.36
3) NSC: $50 to $.52 per quarter. $4.56
$550 to taxable account. I'll have a new budget in place in the near future and will post it.
Added $25. One loan paid off early, still no defaults. I noticed the interest I gain on new investments is now lower than a month or two ago. Drat.