Tuesday, January 14, 2014
What Goes Down Must Come Up?
On a dollar basis, it is all about GTAT, up 4.6% and my largest holding. But TC is up 18% and TC-PT is up by a similar amount as ML (Why Thompson Creek Metals (TC) is Popping on Tuesday) called them a "buy" (with a $7 PT). INTC is also carrying a lot of water, up 4% on (I believe) a JPM upgrade (Intel: J.P. Morgan Jumps Aboard on Realistic Outlook, PC Trends, Foundry Business). So Today should put me back in the green for the year (up 63 basis points and beating the IWV by 93 basis points). Just think, if I only looked once a week, I would not have even noted the slide.
BBEP started this month their transition to monthly dividends. It happened so fast, that I did not even notice it. I went x-dividend on the 9th. So I now have three monthly stocks: BBEP, CSQ and AOD. They pay (with my multiplier) monthly dividends of $767, $470 and $576. That is about $1,800 a month. I know my dividend stocks are under-performing a bit, but there is something extremely satisfying about getting that monthly check. And as I am reinvesting the dividends, that amount will grow at about an 8% compounded rate! Sweet.
Posted by Marsh_Gerda at 7:21 PM