My 'editor' suggested I use this as my opener:
"This week I will be considering several ETF/ETNs that offer low margin, low maintenance and monitoring requirements, and juicy dividends. My approach will be to purchase the long shares outright and hold them indefinitely."
Mine was going to be:
"JUST SHOW ME THE $!!!"
But he bought me a
so I'm humoring him.
= 2.2327% total income return for the 3 months based on the ending cash invested over the entire month. Of course I was not invested for too long or for too much until the last month so maybe Q2 will be better.
All the March divs were credited in the last 10 days - interesting how they were described - see in bold below:
|03/21/2019||Bond Interest||SMHB||ETRACS 2XMNTHLY PAY LVRGD SRS B ETN||$4,836.64|
|03/22/2019 as of 03/21/2019||Non-Qualified Div||REML||CRDT SUSE X LNK 2XLVRGD REIT ETN||$2,345.20|
|03/28/2019||Qualified Dividend||AMZA||INFRACAP MLP ETF||$8,592.00|
and this weeks price action left me here:
Still pretty close, but I might "need" to get some more AMZA if it dips into the $5.88 range again.
Look at all the wiggly lines! Some real "action" this quarter.
Looking forward, here's what I think ought to happen in Q2:
At least until I rebalance again, or roll the AMZA Calls out in June, that will change things - as well as finding out what the actual dividends will be. IF I get it all the projected income the % return ought to be about 5.14% on the "cash" value invested. GO GO GO!
Rolled out those OSTK $18.00 Puts a month for some gas $ ($1,600 net).
I tried my luck at making a chart of the closing NAV of the three positions for the last 4 weeks:
That is just the share prices X the current number of shares. No dividends included as those are all spent as they come in. After I read the book on making charts maybe I'll try and figure out how to add a rolling average and all that fancy stuff. I'm sure it will cost me a visit to the burger joint for a little hands on tutoring.
On another note, I know have "Portfolio Margin". Of course it does not tell me the margin percentage anymore - sigh. I need to take another class to see how SmartEdge works. I hope I'm smart enough.
TGIF & YRMV!
Disclosure: I am/we are long AMZA, REML, SMHB.
Additional disclosure: This is lacking excitement.