Saturday, February 8, 2014

Weekly Roundup - February 8, 2014

February is now well under way and continuing to just fly on by.  I had a lot of catching up to do this week with several posts that I just haven't been able to write up but I'm glad I did.  It's also been a lot busier for my portfolio that I expected it to be.  I was hoping for a calm start to the year, but the end of January and beginning of February didn't want any part of that.  My option income so far in 2014 has been pretty great and I'm currently about 29% of the way towards my goal of $1,500 for the year.  I also sold 2 put options late last week, one on Coca-Cola and one on Phillip Morris.  As of now they're both looking good as the markets have started to climb, but there's still a lot of time left for Mr. Market to get in a sour mood.  Wal-mart looks like a buy at current levels and since it had been a while since I had reviewed it, it was well overdue.  Don't try looking for it here though, I wrote it over on Seeking Alpha and it was my first premium article.



I've mentioned a few times how I've been frustrated with the market dip because the timing was just plain horrible for me.  Normally this would be very much welcomed, but since one of my goals for the year is to buy a rental property it's been tough to not use my cash to invest in the markets.  I've still made several moves and I haven't had the time to write up about my Phillip Morris add and my new position in Unilever.  Fear not though, they'll be coming.  The rental property I'm interested in right now has some great possibilities and I can't wait to go check out the area when I get home again.  It looks good from a numbers perspective but this is such a big financial decision that it's been hard to move forward without feeling like I'm making a mistake.  There's 3 other properties that I want to look at as well that work out to around the same as far as cash flow, but the first one has more potential for price appreciation.  Decisions, decisions.

Enough about me though.  I want to thank each and every one of you for stopping by, commenting, and sharing anything from Passive-Income-Pursuit this past week.  It still amazes me how many other people are pursuing financial independence through dividend growth investing, especially those that keep coming by here.  Thanks again and I hope you all have a great weekend.

Now on to the links!

Financial Independence: Visualize the End Game (Then Work Backwards) by FI Fighter

You can't change people, so be the change you wish to see by Dividend Mantra

Why the stock market crash of 2008-2009 was not scary by The Conservative Income Investor

How to retire in 10 years with dividend stocks by Dividend Growth Investor

Strive to wake up and do nothing (with your finances) by Retire Before Dad

Progress...Friends...Articles...Life! by Fast Weekly

Circle of wealth by Brick By Brick Investing

Quick review of 4 dividend growing companies by Dividend Growth Stock Investing

The mutual fund walking dead by A Wealth of Common Sense

I hope you all have a great weekend!

15 comments:

  1. Great group of links JC! I hope your first premium article goes well and you get a good number of views!

    Enjoy your weekend!

    ReplyDelete
    Replies
    1. Looks like you are keeping busy. Thank you very much for including me in your weekly review!

      Best of luck in your pursuit of passive income.

      Dividend Growth Investor

      Delete
    2. @w2r - It went okay, not nearly the pageviews that my CVX analysis got but it was still pretty solid. Got another article up now actually. This one's on TGT.

      @DGI - Way too busy unfortunately

      Delete
    3. The expectation in these market are still to positive. When sentiment is very positive thats usually time to be careful. Markets usually correct by 20% or more every three or four years or so. Now to all of you stock investors out theirs Its not differnt this time around the market will correct believe me. Corrections are not bad they are just a way of clearly out excesses that have been built up Theirs many bargains thats will be had when theirs a big correction.. .

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    4. Quality Stocks,

      I know a bigger correction is coming and my only worry is that I won't see it early enough and use up all of my capital way too early in the downturn. The latest pullback in late Jan/early Feb was a good precursor to what will happen at some point in the future. I was buying through the decline.

      Thanks for stopping by!

      Delete
  2. Thanks for the inclusion JC. Your SA article looked great. You were also blessed by not having as many crazy comments this time......so far anyway. Have a great weekend
    -Bryan

    ReplyDelete
    Replies
    1. Bryan,

      While it's good to not have a lot of comments to respond to, it also means there's not as many pageviews.

      Thanks for stopping by!

      Delete
  3. PIP,
    Congrats on your SA pieces. Nice compliment to your blog. Have a great weekend. Thanks for including my post in your list.
    -RBD

    ReplyDelete
    Replies
    1. RBD,

      I think that SA is a good outlet for other writing and goes well with my own blog. It was an okay weekend busy, busy weekend and not nearly as long as I wished it would have been.

      Thanks for stopping by!

      Delete
  4. Hi PIP,

    29 percent of your goal in option income - in only 10 percent of the time!
    That's a good start!
    I hope you do not lose the money again!

    Best regards!
    D-S

    ReplyDelete
    Replies
    1. D-S,

      We'll see how things go with the option income. The markets really determine how active I am there but so far it's been pretty good.

      Thanks for stopping by!

      Delete
  5. Great article on SA and thanks for the link! Looks like quite a bit of work is involved in getting one of those pieces written... How long does a a stock analysis generally take?

    ReplyDelete
    Replies
    1. FI,

      No problem and I'm glad you liked it. It's quite chore to get the whole thing written, even more so when I keep getting interrupted with work. To compile the data it's usually 30 mins or so. I'm sure there's a faster way where I can download the information but I need to sit down and change my spreadsheet around to work with the new data format. To write the article it's anywhere from 1-2 hrs. Plus another 30 min to an hour re-reading the latest annual/quarterly reports. It's not that bad, although the editorial process was long for the first article and they kept wanting me to change things. I've noticed it really depends on who it is that's the "editor" for the article that determines the speed that it can go up on SA.

      Thanks for stopping by!

      Delete
  6. I sold a put on Coca Cola as well and bought PM outright. Thanks for including my post brother.

    ReplyDelete
    Replies
    1. Marvin,

      Can't go wrong with either, although I wish I could have added some KO as well as sell the put. There just wasn't enough capital and not enough of a discount to my cost basis to warrant adding there when I could get PM for 10% less than my cost basis.

      No problem on the mention and thanks for stopping by!

      Delete