IRA Portfolio Update for Mar 2015

By | April 12, 2015
Retirement

Image credit: 401kcalculator.org

 

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: $21,730.98
Account Balance at end of month: $20,317.22
Net Gain/Loss for month: $-1,413.76 (-6.5%)

 

IRA Portfolio Holdings:

ARCP – 747.61 shares
LNCO – 840.40 shares
SDRL – 401.92 shares

 

Dividend Payouts This Month:

ARCP $0
LNCO $86.63 (Reinvested)
SDRL $0

Total: $86.63

 

Summary

Oil prices fell in March due to an oversupply of oil. It appeared that March may be forming a bottom for oil prices. If it does, then oil prices should rebound up from there. However there is still many political agendas and news that can change the direction of oil at any time.

ARCP seemed to be coming back on track with a clean slate. They have made huge chances with almost a total replacement for all the top management. The biggest thing left is the reinstatement of dividends. That news will have a lot of affect on the stock price. Until then, I think ARCP will trade sideways for a while.

 

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