Sunday, September 21, 2014

Weekly Loyal3 Purchases

Last month I started a new portfolio with Loyal3.  Loyal3 is a new brokerage that allows you to make purchases with no commission costs.  That's right, fee free investing.  Even better is that you can make the purchases with your credit card and earn cash back rewards.  For me that's an extra 1% yield on the first year's dividend.  It's a great way to dollar cost average into positions over time although they do have a limited selection of companies you can invest in.

Each week I plan to make small purchases in several companies to slowly build up the positions.  This allows me to get some capital invested every week, for free.  The valuations might not always be the best but it does help me to consistently build up my portfolio and dividend stream that will eventually allow me to consider early retirement.

I made a bunch of purchases this week and invested over $275.
  • BRK.B - 9/10/14 0.1814 shares @ $137.80 / 0.00% YOC / $0.00 annual dividends
  • DIS - 9/13/14 0.2765 shares @ $90.42 / 0.95% YOC / $0.24 annual dividends
  • AAPL - 9/13/14 0.2473 shares @ $101.11 / 1.86% YOC / $0.46 annual dividends
  • GOOGL - 9/13/14 0.0422 shares @ $591.77 / 0.00% YOC / $0.00 annual dividends
  • BRK.B - 9/15/14 0.1793 shares @ $139.45 / 0.00% YOC / $0.00 annual dividends
  • GOOGL - 9/15/14 0.0422 shares @ $591.77 / 0.00% YOC / $0.00 annual dividends
  • DPS - 9/15/14 0.3948 shares @ $63.32 / 2.59% YOC / $0.65 annual dividends
  • DIS - 9/15/14 0.2765 shares @ $90.42 / 0.95% YOC / $0.24 annual dividends
  • MDLZ - 9/17/14 0.7005 shares @ $35.69 / 1.68% YOC / $0.42 annual dividends
  • BRK.B - 9/17/14 0.1765 shares @ $141.66 / 0.00% YOC / $0.00 annual dividends
  • VFC - 9/17/14 0.3718 shares @ $67.24 / 1.56% YOC / $0.39 annual dividends

My forward 12-month dividends for my Loyal3 portfolio are now up to $10.39.  Adding that to my regular taxable account's forward dividends of $5,085.24 and my total forward dividends are up to $5,095.64.  I'm now 92.65% of the way towards my revised goal of $5,500.

I've updated my Portfolio page to reflect these changes.

If you want to open an account and Buy Stocks Fee-Free$0 fees to buy and sell stock.Open a free online account today. (Affiliate Link). I only link to products/services that I personally use or approve of.  Whether you use the link or not I still think Loyal3 is a great platform if you're looking to invest small amounts of capital for free.

12 comments:

  1. Its great to be able to buy so many good companies with only a little money! I continue to use it L3 weekly as well.

    Great set of companies there! I purchased some DPS recently as well!

    Take care!

    ReplyDelete
    Replies
    1. ILG,

      Definitely. I know for a lot of people it can be frustrating when you have just $100-200 to invest each month. With most brokerage firms that just doesn't make since due to the costs. But L3 is tailor made for those looking to invest a little bit every month.

      Thanks for stopping by!

      Delete
  2. JC,
    Do you know if Loyal3 does the accounting for all of your purchases, or do you keep your own? In other words, when you go to sell you will need the cost basis. Most brokerage firms do the accounting (but you probably should be checking your statements to make sure everything is correct along the way). I'm not sure about Loyal3's accounting methods, but BRK.B is calling me as a great way to go.

    Long AAPL, DIS, GOOGL, MDLZ.

    ReplyDelete
    Replies
    1. KeithX,

      I'm not positive if they track all of the accounting for the purchases. All I know they have is the share numbers but I haven't looked around too much for it since I track the cost basis in my own spreadsheet. I think that brokerages are required to do the full accounting now so I'll have to look around to see what I can find. BRK.B is great and I'm looking forward to building up to at least one full share so I can take go to the annual meeting next year if everything works out.

      Thanks for stopping by!

      Delete
    2. JC,
      I decided to add a few shares of BRK.B to my wife's IRA. Hey, maybe I'll see you in Omaha. That is where they have the shareholders' meeting, right?
      Thanks,
      KeithX

      Delete
    3. KeithX,

      BRK.B is always seems to be a good choice. And I'm pretty sure the meeting is in Omaha. I just hope to get a chance to go in 2015.

      Thanks for stopping by!

      Delete
  3. The great part about making purchases in round $25-50 amounts... easy cost basis tracking! I believe Loyal3 keeps track of this, but do not know for certain.

    Quite the range of purchases this past week JC. Getting more and more into the ease and satisfaction of regular transactions I can see. Loyal3 makes investing addicting, and is something I've felt as well since start a dividend growth portfolio there at the beginning of the year.

    ReplyDelete
    Replies
    1. w2r,

      I agree although it does make for lots of information to track and I'm sure it'd be a pain if you have to sell after a few years to double check all cost basis' are correct. I really like L3 and since I'm looking to hold onto a bit more cash than normal due to the expected issues with Lucas when he gets here L3 allows me to consistently still invest some capital each month and diversify.

      Thanks for stopping by!

      Delete
  4. It is a bit addicting! I am having fun messing with my tracker for Loyal3. Where before I would have bypassed buying stocks because I didn't have enough money together to make it worth it because of the fees, now I just use my extra cash to buy stocks. It is great. I hope that they allow Retirement based accounts soon.

    ReplyDelete
    Replies
    1. Morrigan,

      I haven't looked into retirement accounts or if that's something they're even looking into. I'll let you know if I happen to come across it. Sounds like you're the target demographic for Loyal3 and I'm glad there's an option for you to invest smaller amounts of capital each month.

      Thanks for stopping by!

      Delete
  5. Nice purchases JC. These small purchases definitely builds up over a period of time without too much action and I like it. I just started sharebuilder automatic investment plan (in addition to my scottrade account) and looking forward to building a sizeable portfolio through regular small purchases.

    ReplyDelete
    Replies
    1. DGJ,

      It's pretty cool to see that I'm almost up to a $1k portfolio there. Sharebuilder was another option I was considering but ultimately decided to go with L3 for now.

      Thanks for stopping by!

      Delete