IRA Portfolio Monthly Report for December 2015

By | March 10, 2016

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 7.920 760.109 $6,020.06 $0.1375 6.94% $411.19 $34.27
Total $6,020.06 $411.19 $34.27

Dividend Payouts This Month:

Account Balance
Account Balance at start of month: $12,091.04
Account Balance at end of month: $10,053.72
Net Gain/Loss for month: -$2037.32 (-16.8%)

Portfolio Update

My apologizes for the late update. I’ve been busy and behind on this portfolio update.

In December, this portfolio took a plunge along with the market. I sold my position in KMI, because I think the oil crisis will persist for a long time and it will help midstream companies as well.

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 more than 70% 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 think I have a better handle at growing income now. Let’s hope I can make back the losses in the near future. Good luck to me!

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