Monthly Income Report – August 2022

Dear Readers,

Everything in the world around my family seems expensive, right from buying a some good take-out dinner to shopping for daily groceries to paying for gas. The finance community may argue about whether we are in a recession or not, but one sure sign that something in the economy is not quite right is when you start seeing big companies either announce hiring freezes or announce layoffs. Well, I saw news flashes that both Google and Microsoft were in the process of laying off some of their workforce. That is never good news.

In the midst of all this negativity, the “ka-ching” sound of dividend checks hitting my mailbox is one that will allow me to rest easy. Let us get into the numbers to see how this month went.

Dividend Income Received

Sl. No.Company / ETF (ticker)Amount
1Apple (AAPL)$2.54
2AbbVie (ABBV)$20.34
3Albertsons (ACI)$1.21
4Caterpillar (CAT)$1.22
5Clorox (CLX)$52.46
6Costco (COST)$2.71
7Procter & Gamble (PG)$12.03
8AT&T (T)$1.17
9Texas Instruments (TXN)$78.86
10Verizon (VZ)$28.7
11Realty Income (O)$15.91
12JP Morgan Equity Premium ETF (JEPI)$3.48
13STAG Industrial (STAG) $3.79
Total$224.42

So a total of 13 companies/ETFs contributing a total of $224.42 towards the monthly income. I did not write any option contracts for this month, as I was expecting wild swings in the market for the positions where I typically sell covered calls. At this same time last year, I had earned a total of $61.23 in monthly income. While I have been aggressively buying during this year, I have had meaningful increases from most of my dividend payers in the list above, except for T.

Buys and Sells in this month

It was generally a quite month for me as far as investment activity. I don’t know about you guys, but I was struggling to make up my mind about what to buy during this time. I did do some cursory “staying in the game” purchases, especially for positions where I had exceeded a pre-determined threshold since my last buy. This resulted purchasing small tranches in JEPI, PG, SCHD and O. While I was at it, I also decided to add to my VZ position. VZ’s stock dropped after its last earnings report and is currently yielding above 6% in dividends. While I am expecting very slow growth with this telecom giant, I see this as a safe bet and consider this as a good time to add to what is essentially a “bond-like” position in my portfolio.

No sells again during this month.

Even though I was quiet as far as investment activity, I spent most of time deeply contemplating about my MMM position. 3M has been in the news a lot, and that is generally never a good sign for any company. They are being sued by military veterans who claim to have suffered hearing impairment due to the use of faulty earplugs manufactured by Aearo Technologies, a 3M subsidiary. And if that was not bad news as it is, they are also being dragged to court for another lawsuit surrounding harmful chemicals (called PFAS) contaminating ground water.

I think this subject deserves its own post as there is a lot to say here and learn from this experience. So I’ll reserve my thoughts for now.

Summary

We are into the last quarter of the year already! And while work has been hectic, I have been trying to focus some of my time towards my health as well, going out on regular walks/runs, spending some more time looking after my yard etc. It has actually helped me stay away from all the negativity in the news and keep my head space clear.

Until next time…

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