IRA Portfolio Monthly Report for 2015-10

By | November 16, 2015

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This post is a monthly update to track the performance of my IRA portfolio. The goal of this portfolio is to build wealth and generate income for retirement. The strategy is to buy companies with strong growth prospects and a high dividend yield. All the dividends are automatically re-invested in the stocks. Dividends help grow income by buying more shares of the company and having more shares of the company help generate more income.

Portfolio Holdings:

Symbol Current Price Quantity Current Value Dividends (per share) Dividend Yield (%) Annual Dividends ($) Prorated Monthly Dividends
VER 8.26 747.614 $6,175.29 $0.1375 6.66% $411.19 $34.27
KMI 27.34 200 $5,468.00 $0.51 7.46% $408.00 $34.00
Total $11,643.29 $819.19 $68.27

Dividend Payouts This Month:

VER 10/15/2015 $102.80


Account Balance
Account Balance at start of month: $12,279.15
Account Balance at end of month: $12,699.53
Net Gain/Loss for month: $+420.38 (+3.4%)


Portfolio Update

In the previous month, September, I had mentioned that I planned to sell UHT. This month, October, I sold UHT as soon as the stock had rebounded and broke even for me. With the freed up cash, I looked for a company with a stronger dividend growth than UHT. That company is Kinder Morgan Inc (NYSE:KMI). Now, KMI had recently mentioned that their dividend growth will slow from 10% annually to 6-10% a year. While the dividend growth has reduced, at their lowest expected growth rate of 6%, that’s still pretty good, and still better than UHT’s dividend growth rate of 1.1%. I do think that KMI’s slower growth is due to the oil price collapse and once the oil prices recovered, KMI could return to the previous level rates of growth. Unfortunately the mention of reduction in growth has caused KMI to drop in price to below $30. However, I remain hopeful that oil prices will rebound in the near future and KMI will benefit from that.

Original Deposits

My original deposits for this account is $43,709. Unfortunately, I had made some bad decisions over the past 2 years and invested in dividend traps and lost 72% of the original deposits. I hope to make back up for the losses by becoming more focused and disciplined on investing now. I’ve learned from my mistakes and am better at growing my portfolio now. Let’s hope I can make back the losses in the near future.  Good luck to me!

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