Today, I deposited another $10,000 cash into my DivGro portfolio.
The last time I reported on a similar bonus deposit, I explained the need to slowly decrease the relative size of my aggressive investments, in favor of more conservative income and dividend growth investments. Today's deposit is another step in that direction: I'm transferring cash from an account in which I mainly traded options.
In fact, I'm closing out the account! Its not that I've given up on options trading; I'm just shifting focus to covered calls and occasionally selling naked puts, which I've been doing in another brokerage account. Selling calls and puts can provide good income, and I've been doing quite well in my options trading portfolio lately.
This bonus deposit of $10,000 is in addition to my regularly scheduled deposits of $1,000 per month. I've updated my Portfolio page, now showing available cash of $10,354. I'll be on the lookout for more fair-valued dividend growth stocks to invest in. Stay tuned!
Wednesday, October 16, 2013
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Woa, I wish I had that kind of money to play with. With the markets soaring it's a little tougher finding good deals but they're out there. Can't wait to see what you choose in the coming weeks.
ReplyDeleteYou're right -- it would be tricky to find something at a discount to fair value. I'm still digging around, but I hope to find something soon!
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