IRA Portfolio Update for May 2015

By | June 1, 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: $23,555.45
Account Balance at end of month: $21,623.45
Net Gain/Loss for month: $-1,932.00 (-8.2%)


IRA Portfolio Holdings:

ARCP – 747.61 shares
LNCO – 855.07 shares
SDRL – 401.92 shares


Dividend Payouts This Month:

LNCO $88.35 (Reinvested)

Total: $88.35



Oil prices turn south again in May and my portfolio took a small hit. I don’t think oil prices will drop lower than it was in the beginning of this year but oil prices will take some time to recover to last year’s highs. At this time, I’m still holding on to my stocks and waiting for a rebound in prices.

I’m also waiting for ARCP to reinstate its dividends. Once dividends start flowing back to the shareholders again, I think it will signal a turnaround for the company.


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