Weekly Roundup - August 27, 2016
|Happy Weekend! Check out what's been going on in my world and some of the best articles from around the blogosphere.|
As far as the portfolio goes it was a pretty quiet week for action, but lots of thinking has been going on. One thing that surprised me a bit was the strong quarterly earnings announcement from Toronto-Dominion Bank (TD) yet they kept the dividend the same. They still have quite a long time to raise before their new-ish streak is in jeopardy, but the departure from the smaller raises every 2 quarters surprised me. Especially since the earnings report showed really good signs. I'll have to dig into this one soon to see what's up.
I've also been thinking about what to do with some of my holdings and am thinking of trimming or closing some positions over the coming weeks. For two of the positions it's primarily high valuation levels in relation to rather unimpressive results over the last several years. Think declining revenues on top of the currency exchange issues. But the dividend raises keep coming so why mess with a good thing?
The other position is one that I knew was going to be more volatile because it's a cyclical industry, but they haven't even been giving token increases. They've paid the same dividend for 9 straight quarters, although the annual payment streak is still in tact and will tick forward 1 more year if they increase the next payment which should be announced next week. They're at a trough in the business which is never a good time to unload on the shares if you're confident they can weather the storm. So I'm a bit torn on that one.
I also still have some shares of my previous employer from the ESPP they ran. As most of you know I worked on the upstream, E&P, side of the oil field which has been hurting badly for the last 2 years or so and I have no idea when things will turn around. The shares I have are getting close to break-even so I'm very tempted to go on and close out the position or serially writing call options until they get called away.
It would free up capital which is a good thing, but it's a constant give and take battle in my mind because there's the potential for a huge rebound in share price whenever the oil field does turn around. At this time I'm leaning towards serial call writing to generate extra income/return rather than an outright sale.
Thoughts on any of the potential portfolio changes?
On to the Roundup
In case you missed them, here's the posts from Passive-Income-Pursuit over the past week.
- Should You Be Taking Profits in General Mills? on Seeking Alpha
- It's Quiet...A Little Too Quiet
- Net Worth Update - July 2016
Once again I'd like to say thanks to each and every one of you that read, commented, and shared posts from here this past week. I think this dividend growth investing and financial independence community is amazing and the openness from everyone is awesome. Thanks again!
Now on to the links!
How Would You Answer This Question? by Dividend Life
Look What I Found by Income Surfer
How To Set Up Your Own Perpetual Income Machine by Dividend Growth Investor
What Is The Fastest & Best Way For A Working Class Person To Become A Multi-Millionaire? by Sure Dividend
Recent Sell: Deere & Company by DivGro
7 Habits of Highly Effective Dividend Investors by Simply Safe Dividends
Crossing $3,000 in Projected Dividend Income by Dividend Diplomats
Our Pre-Retirement To Do List by Our Next Life
A Comprehensive Look At Dividend Growth Stock Valuations Sector By Sector: Part 2 by Chuck Carnevale on Seeking Alpha
Buffett's Best Insights by Financially Integrated
How Volatility Can Work In Your Favor by A Wealth of Common Sense
The Nude Selfie of Personal Finance by Retire Before Dad
Option Assignment - IAMGold Corp by Roadmap2Retire
Recent Buy - Flowers Foods (FLO) by Captain Dividend
My First Investment In A Private Business by Freedom 35
How Much Time & Money Do I Need To Start Investing In Real Estate on Bigger Pockets
Also, if you're looking for investment ideas, A Frugal Family's Journey keeps a list of stock analyses and recent buys from fellow bloggers.
I hope you all have a great weekend!
Image courtesy of Gubgib via FreeDigitalPhotos