Weekly Roundup - November 5, 2016
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Over the last month or so I've been trying to decide what to do with my 401k from my previous employer specifically what brokerage to roll it over to. I was all set to move it to Interactive Brokers, but had to call my current broker to initiate the rollover and they lured me in.
If I opened a rollover IRA there they were going to offer me 500 free trades that had to be used within 2 years. The big draw for Interactive Brokers is their ridiculously low costs, but getting this many free trades negates a lot of the advantage that Interactive Brokers had. Plus the whole process was ridiculously easy and only took about 15 minutes of my time to get it rolled over. The funds and free trades are already in my new Rollover IRA and ready to be deployed.
I'll readdress my brokerage firm for the Rollover IRA at the end of 2 years and if I don't see any value to staying here then I'll likely move over to Interactive Brokers at that time.
As a long term investor I don't expect to come anywhere close to using up those trades, although my intentions are to be more active with this account via the options market. Since it's a tax deferred account the premium from options won't be taxed until I withdraw the funds so I no longer have that drag on the option income.
I'm sitting on about $140k and I'm ready to put it to work. Although I need to make sure that I take a slow and methodical approach as opposed to just immediately getting it all "invested" right away while ignoring the all important aspect of valuation. I'm still trying to figure out my plan, but it'll likely be something along the lines of anywhere between 25-50% of the portfolio will be along the lines of buy and hold long term dividend growth investing with the rest being used in the options markets on dividend growth companies.
So you can expect to see a lot more invetsment activity coming from me and if the markets happen to go crazy a lot more activity.
Now that we're into November I can't help but start to think about Black Friday. I'm not normally excited about the day because I'm not much of a shopper, but this year I might be splurging.
One of my goals, like just about everyone's, is to get in better shape. I've let myself go over the last 6 years because it was hard to workout since I never knew where I was going to be. I also loathe running just to run and much prefer to go throw some weights around. I can do that just fine at a gym, but it's much more difficult now with a baby in tow and the costs are rather steep.
The average gym membership runs about $60 per month, although there are much cheaper options out there. Of course with the aforementioned baby in tow I also need to find a gym that has a decent daycare staff/setup to watch our daughter.
The way my brain is wired I find it very hard to do just bodyweight exercises or run, although there's plenty of good in those, but I have plenty of motivation to go and lift weights. And I can even do it without needing a personal trainer to guide me or to be an accountability partner. Now that I'm a SAHD, there really needs to be a better acronym for that because it sounds kind of depressing, I really want to build up a home gym in my garage.
I'll need to slowly build up my home gym, but there's a whole lot you can do with just a setup like this. That's an Olympic bar plus 320 lbs of bumpers. The upfront cost is steep at $795 so I'm looking for a deal on Black Friday and/or the holiday season. Of course that $795 is just over 1 years worth of a gym memberships cost except I'll use it regularly and get to keep it.
Are you on the lookout for anything in particular with the holiday shopping season, and hopefully discounts, coming up?
On to the Roundup
In case you missed them, here's the posts from Passive-Income-Pursuit over the past week.
- Dividend Growth Investing at Work - Ducks and Dividends
- Net Worth Update - September 2016
- Dividend Update Preview - October 2016 Infographic
- Dividend Update - October 2016
- Dividend Growth Investing at Work - Starting November Off Right!
- Dividend Growth Investing at Work - Addictions and Dividends
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!
Outlook November 2016 by Roadmap2Retire
November 2016 Stock Considerations by DivHut
Dividend Aristocrats in Focus Part 31: Stanley Black & Decker by Sure Dividend
Put It On The Line: Advice From A 9-Time World Champion by Retire Before Dad
When is the PEG Ratio Superior to the P/E Ratio (Part 2) by Chuck Carnevale via Seeking Alpha
Munger's Pearls of Wisdom by Financially Integrated
Why Investors Must Be Contrarians To Outperform The Market by 25iq
Timing The Market is Costly, Risky and Difficult by Dividend Growth Investor
Neart Term Volatility = Recent Buys and Watchlist Add by Dividend Ten
The Power of a Low Income in Early Retirement by Our Next Life
Why We Decided to Revisit Our Budget System Before the End of the Year by Tawcan
October Dividends and Option Income by Investment Hunting
Options Update: October 2016 (Part 1) by DivGro
Don't Be Afraid of All-Time Highs in the Stock Market by A Wealth of Common Sense
October Dividend Income Summary Lanny and Bert on Dividend Diplomats
If you're looking for investment ideas, A Frugal Family's Journey maintains 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