Covered Calls, Dividends & Passive Income

So as I wrote in my previous post July Covered Calls Part I, I had a not so favorable Covered Call trade with STLD. I learned a lesson and need to keep moving on. Just on a side note STLD posted record profits on July 22nd and a second quarter net income increase [...]

[Read more →]

Well, my second go-round with covered calls was a scary one. As I mentioned in my June Results post Steel Dynamics (STLD) took a huge tumble. I bough at $40.02, pretty much the top, and from there it dropped like a stone. I am still long term bullish on steel stocks. [...]

[Read more →]

I would like to start off by saying I am a big proponent of dollar cost averaging. Why, because it is a way for individuals to invest a small amount in stocks and EFTs without having to commit a large sum of money for an initial investment. Most individual investors do not have [...]

[Read more →]

I’m on my second month of tracking my passive income. I had a lot of my dividend paying stocks hit this month so these results will not be repeated in July. So here we go:

June 2008

Interest Income: $8.77

Dividends: $116.04

Covered Call Writing: $438.05 (see below)

Total $562.86

Looks good right? Wrong!! STLD had me on [...]

[Read more →]

Here are the stocks I currently have in my portfolio that pay dividends:

Company
Symbol
Annual Dividend
June 2008

Johnson & Johnson
JNJ
$1.84 APY 2.80%

Microsoft
MSFT
$0.44 APY 1.60%

3M
MMM
$2.00 APY 2.60%

Nucor
NUE
$1.28 APY 1.70%

Taiwan Semi Conductor
TSM
$0.36 APY 3.10%

Worthington Industries
WOR
$0.68 APY 3.60%

Piedmont Natural Gas
PNY
$1.04 APY 3.90%

Vanguard Emerging Mkts
VWO
TBD APY 1.90%

I will post my dividend paying stock portfolio on a quarterly basis. It doesn’t [...]

[Read more →]