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My Dividend Capturing Strategy - Day 15 5/25/17

|Includes: Brookfield Renewable Partners L.P. (BEP), BPY, NEWT, TPVG

Day 15 brought no cash coming in but I did buy 4 stocks. The good news is that there's $574.00 of dividends to be captured with these four stocks tomorrow.

Here's what happened today:

1) Bought BEP (Brookfield Renewal Partners) - 233 shares @ $32.05. The dividend to be captured is $109.51. The stock settled at $31.91, down $.14 from where I bought it.

2) Bought NEWT (Newtek Business Services) - 425 shares @ $17.55. The dividend to be captured is $170.00. The stock settled at $17.50, down $.05 from where I bought it.

3) Bought BPY (Brookfield Property Partners) - 337 shares @ $22.39. The dividend to be captured is $101.11. The stock settled at $22.36, down $.03 from where I bought it.

4) Bought TPVG (Triplepoint Venture Growth) - 543 shares @ $13.77. The dividend to be captured is $195.48. The stock settled at $13.78, up $.01 from where I bought it.

I'm basically starting at zero to a little down at the opening on Friday morning. Of course, I would prefer to have a little cushion but today the market had an up trend so I had to buy them higher than I preferred.

As I explained yesterday, when the overall market is to open higher, I generally give it a bit of time after the open to let it settle. I'm glad I did because I was able to get all the stocks at a better price than at the open by being patient.

Tomorrow, I'll be busy watching things closely. As of now (9:30pm central), the futures are flat so it will be critical to get a good price. I'll be patient but I won't wait for the stock to "get well" during the day. I'll dump out and I won't wait too long.

So far, the total remains at $1,042.92 for a 15 day average of $69.53. Well below my goal of $100/day but I've had several days of no selling/collecting captured dividends. Of the days that I did have stocks (12), my average is $86.91. But...that's not how I'm keeping track!

Until tomorrow, happy trading!
Dan Gaskell

P.S. I would love for you to follow me as you can get all of my posts delivered directly to you. Just go here to follow me.

P.S.S. If you missed the blog post about my 20 rules for dividend capture strategy, here's a link to it.

P.S.S.S. If you missed my blog post yesterday, I gave the link to all my portfolio trades, past, present and future. Here it is again.