Journey into Investing

The trading week is over so let's take a look back at the past week and see how things went for my Robinhood portfolio. Let's start out by taking a look at the transactions that I made for the week.  I did sell a couple of items to do a little re-balancing within my portfolio.  Overall I added another $410 to my investment account this week.  While this is not going to be typical I have been trying to buy as much as I can while the market has been down. Transactions for the week So how did my portfolio fair this week, as you can see below I was up 2.05% for the week and it was kind of up and down all week.  Overall my Robinhood portfolio is up 42.16% or $510.08 in value. Weekly Portfolio Trend So I've been doing a lot of buy lately to start trying to generate passive income through dividend payments and because of that it will probably be a little while before I can start reporting weekly dividend payments. If you are looking to get starte...

As the stock market continues it's roller coaster ride brought to you by COVID 19 I continue to buy as much as I can with a preference towards stocks that pay dividends.  Today I decided to do a little bit more buying after the markets closed down yesterday.  So what did I buy today? The first things I bought wasn't actually a stock it was an ETF.  What is an ETF you might ask?  An ETF is a Exchange-Traded Fund which is basically a basket of securities that are traded like a stock.  This means you can buy into the fund and not have to worry about the individual performance of specific stocks. First Trade of the day: I bought 8 shares of SPDR Portfolio S&P 500 High Dividend ETF( SPYD ) at a cost of $25.68 each.  This ETF tracks an index of the 80 highest-yielding stocks from the S&P 500, so instead of having to buy into 80 different stocks I bought into a fund that contains 80 different high dividend yield stocks and when they payout dividends ...

I started my Robinhood account just over a year ago when I was looking for a commission free option.  I already had one brokerage account with a bigger company, but they were still charging commissions at that time so I was basically costing myself money.  I heard a lot about Robinhood and the fact that they offered a free stock for just signing up and the ability to earn more through referrals, worst case if I signed up and didn't like it I could close the account and take my free stock with me. I signed up for Robinhood and got my free stock.  I was lucky enough to receive a share of Berkshire Hathaway valued  $203.25, so needless to say I was excited about that.  Pretty much a free $200 just for signing up.  I then linked a bank account and was able to make an initial deposit in a matter of minutes that I was allowed to start investing before the funds had even cleared the bank.  At this point I made a couple of trades and just kind of let the acc...

COVID 19 has done some serious damage to the world economy and has caused huge loses in investment markets.   While this can be scary to a lot of people to me I see opportunity.  Investing for me is a long game and I am not in this to make a quick buck, so when the markets drop that means you have more buying power. As COVID 19 has shut down most of the country it has caused major financial loses for a lot of companies and those loses have translated big drops in stock values.  A good example of this is Disney.  As you can from the graphic below Disney's stock is down just over 28% of the last 3 months. What does that mean to you?  Disney will bounce back from this drop so you have an opportunity to buy a stock that was trading at around $150 a share just 3 months ago.  So buying now gets you a deep discount with a lot of upside when the price goes back up you are seeing positive value from the stock price, but you will also be able to receive div...

First off, let me welcome you to my blog.  I'll go ahead and start out by letting you know what I am looking to accomplish with my investment goals.  I am looking to generate passive income from the stocks that I invest in. So what is passive income?  Passive income is income that is earned with no really effort.  How do you achieve passive income through investing?  Passive income can be achieved by purchasing stocks that pay dividends on monthly, quarterly, semi-annual, or annual basis.  By buying dividend stocks you are being paid buy the company for owning the stock. Building a passive income takes time to achieve unless you have a lot of cash laying round to get started.  For me this is not the case, so I will need to build up my investing portfolio a little bit at a time, while also taking the dividends that I do receive and reinvesting them to buy more stocks. So how does this work?  Let's take a look at an example.  Say I purcha...