This blog is about my stock market investment in stocks, bonds and ETFs. The investment strategy is to use the common technical analysis tools such as moving averages, RSI, and MACD etc to determine the trend of the markets and invest accordingly.
Saturday, October 15, 2011
Fully invested in my IRA account
The rollover to my IRA account has completed and now I can purchase my favorite stocks for dividend income purpose. I just purchased 32 stocks as my entire portfolio and here is the core 12 stocks:
ABT, AGG, COP, CVX, ED, IEF, JNJ, KO, MCD, MO, MSFT, and NLY. The entire portfolio will generate combined returns of about 4.5% annually and all dividends will be reinvested.
Also, I will write some call options to generate extra income from stocks such as MSFT. One good thing about MSFT is that it has weekly options so I can keep writing out-of-money (OTM) calls every week if it falls in the right price range. If MSFT drops below my purchase price, I just sit there and collect my 3% dividend annually.
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