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.
|Symbol||Current Price||Quantity||Current Value||Dividends (per share)||Dividend Yield (%)||Annual Dividends ($)||Prorated Monthly Dividends|
Dividend Payouts This Month:
Account Balance at start of month: $12,699.53
Account Balance at end of month: $12,091.04
Net Gain/Loss for month: $-608.49 (-4.8%)
Sorry guys, this update is a little late. I have been busy and have finally gotten a chance to put this together.
This was little change for the month November. I will need to come up with a strategy to get this portfolio back on track.
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!