When there are limited funds with which to invest into our New Life Portfolio on a regular basis, I sometimes have to improvise. This is the main motivating factor behind the “sell/buy” strategy I employ, where I sell an overvalued position and at the same time, with the newly acquired proceeds, purchase a new position. A new position is acquired immediately as I prefer to not have the cash sitting uninvested. The purpose is two-fold:
- It assists in building the portfolio cost basis (though not the portfolio value). This effectively allows me to lock in and reinvest capital gains.
- It increases/solidifies my dividend income stream. When I execute this strategy, the end result should be either an increase in the Projected Annual Dividend Income or a safer dividend as I trade riskier income stream for a safer stream.
On August 23, 2016 I sold more “UTX/O (Sell/Buy)”
Hello all, it’s the TOL’s bringing our Net Worth update for the month of July 2016. July was a fairly quiet month on the home front. Down here in South Carolina, we suffered through a serious heatwave, with temperatures surpassing 100 degrees! But then again, that just summer in the South.
While the sun was blazing, the TOL’s were blazing also in July, as we continue to build on our momentum to financial independence.
Here are the numbers for July: more “July 2016 Net Worth”
We have another set of Milestones that we can scratch off of the TOL’s list. After scratching and clawing our way towards financial freedom through passive income, we have finally reached two milestone that is very critical to us. The peculiar thing about this is, even though we are posting about it now, we actually achieved this only two months ago.
The New Life Portfolio has crossed the more “Milestone Achievement #11 & #12”
Hello all, and welcome to another edition of the TOL’s Passive Income report. The month of July marks the first month of the third quarter and as most of you astute investors know, this is the month where sometimes not a lot happens. However, let’s see how the TOL’s faired!
Below are the numbers of our passive income for the month of July: more “July 2016 Passive Income Update”