IRA Portfolio Update for July 2015

By | August 5, 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.

Account Balance
Account Balance at start of month: $19,638.80
Account Balance at end of month: $14,783.38
Net Gain/Loss for month: $-4,855.42 (-24.7%)

IRA Portfolio Holdings:
ARCP – 747.61 shares
LNCO – 874.08 shares
SDRL – 401.92 shares

Dividend Payouts This Month:
LNCO $89.99 (Reinvested)
Total: $89.99


Oil prices crashed again and my IRA Portfolio balance has crashed with it. There is no visible light in this dark tunnel yet, unfortunately. Oil prices are falling every week with no bottom in sight. At this point, it makes little sense to liquidate my oil holdings. It’s has become a lose-lose situation. If I would sell and should oil prices rebound, I would miss out on the bounce back up. If I would continue to hold and should oil prices continue to fall, I would continue to lose money. What do you think would be the best course of action for me to take on this portfolio now?


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