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 at start of month: $21,623.45
Account Balance at end of month: $19,638.80
Net Gain/Loss for month: $-1,976.28 (-9.1%)
IRA Portfolio Holdings:
ARCP – 747.61 shares
LNCO – 863.55 shares
SDRL – 401.92 shares
Dividend Payouts This Month:
LNCO $89.10 (Reinvested)
Oil prices continue to suffer from the downturn.