My dividend payouts are dwindling, but I’ve found a better investment: Money Talks

  • 📰 clevelanddotcom
  • ⏱ Reading Time:
  • 41 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

@Lll News

Darnell-Mayberry,Money-Talks

Money Talks columnist Darnell Mayberry explains a shift in his investment strategy from chasing dividends to exploring stock options trading for potentially higher returns.

I’m disappointed. My dividend payouts are dwindling, and I don’t like it.Less than two years ago, I dutifully tracked every penny we earned in dividends. I still do. Only then, I wrote each deposit on a blank sheet of printing paper. I proudly pinned it to our refrigerator. I still have the December 2022 sheet that shows we pulled in $62.60 in dividends from 20 companies that month.

I’ll retain Expand Energy and Starbucks a little longer before saying goodbye. I bought shares in both at dips this year. And I like the trajectory of both companies, Expand because of its recent merger and Starbucks because of its new CEO.inside of my taxable account after receiving an $18.57 dividend from the coffee giant on Aug. 30. I’ve held a position in Starbucks since May 2023, and my stake is currently up 25%.

At the start of the month, for example, I closed my Expand Energy option. I held it for only 30 days. I made a 140% gain, or a $663 profit. On the other hand, I’ve accumulated 42 common shares of the same company using the buy-and-hold strategy. After more than 650 days of holding a position, my unrealized gain is 14%, or $442.I’ll continue dollar-cost averaging into the VTI

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 301. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines