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Wednesday, March 9, 2016

Further Consolidation

Regular readers will know that I have been transferring stocks from my portfolio at Scottrade to DivGro. My goal with this consolidation process is to manage my holdings in different accounts as if they are part of a single portfolio. 

Presently, my DivGro holdings are distributed across three accounts: one at Scottrade and two at FolioInvesting. I have a (hidden) column in my portfolio spreadsheet identifying the account that contains each holding. 

I have two more accounts at FolioInvesting, both IRA (individual retirement accounts). One is a Roth IRA I opened in April 2003 and a traditional IRA I opened in April 2010. In the next couple of months, I'm planning to consolidate these accounts into DivGro as well.

I have now completed the consolidation of my Scottrade account into DivGro. Here is a summary of the transferred stocks and CEFs:

Coca Cola (NYSE:KO)
Gilead Sciences (NASDAQ:GILD)
Proctor & Gamble (NYSE:PG)
Reynolds American (NYSE:RAI)
Kimberly-Clark (NYSE:KMB)
Dr Pepper Snapple (NYSE:DPS)
Ford Motor Company (NYSE:F)
Dominion Resources (NYSE:D)
The Walt Disney Company (NYSE:DIS)
W.P. Carey (NYSE:WPC)
Main Street Capital Corporation (NYSE:MAIN)
    7.Toronto-Dominion Bank (NYSE:TD)17.Nuveen Premium Income Municipal Fund 2, Inc (NYSE:NPM)
    8.Pfizer (NYSE:PFE)  18.AllianzGI Equity & Convertible Income Fund (NYSE:NIE)
    9.Texas Instruments (NASDAQ:TXN) 19. Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG)
    10.Texas Union Pacific (NYSE:UNP)  

These transfers have added $3,084.26 to DivGro's projected annual dividend income (PADI) and I've added $3,487.42 in past dividends to DivGro's tally of dividends received.

Cash Transfers

In preparing to consolidate my Roth and traditional IRA into DivGro, I carefully evaluated the holdings in these accounts to see if they belong in DivGro. Several positions were either speculative or not dividend paying stocks, so I sold them. The good news is that I now have more cash available for additional DivGro buys!

My Roth IRA has a cash balance of $1,759.46, while my traditional IRA has a cash balance of $17,953.09. I'm recording the total of $19,712.55 as a Consolidation Deposit. Given that I usually invest about $2,500 at a time, this amount affords about 8 buys.

Stock Transfers

Here are the holdings in my Roth IRA:
  1. Intel Corporation (NASDAQ:INTC)
  2. Lockheed Martin (NYSE: LMT)
  3. Northrop Grumman Corporation (NYSE:NOC)
  4. Raytheon Company (NYSE:RTN)
  5. Valero Energy Corporation (NYSE:VLO)
I already own shares of INTC, so the consolidation of my Roth IRA will add four new holdings.

Here are the holdings in my traditional IRA:
  1. Johnson & Johnson (NYSE:JNJ)
  2. 3M Company (NYSE: MMM)
  3. Reynolds American, Inc (NYSE:RAI)
I already own shares of JNJ and RAI, so the consolidation of my traditional IRA will add one new holding.

In the next couple of months, I'll add these holdings to DivGro and post details of past transactions, including dividends received. Also, I'll update DivGro's PADI in the process.
Thanks for reading! Feel free to share any thoughts you have about my plans to consolidate my accounts into DivGro.

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