It has been an incredibly busy July and early part of August for me, life’s been good – just trying to ride it while the going is good.
I received some dividends for doing nothing which is awesome. That said, some of my plays i had planned earlier this year while trying to capitalize on market momentum are now in doubt due to the super strong US dollar and a huge dump in commodities. This doesn’t look like it is going to change during 2H ’15 so i will have to make a decision on how to reprioritize as we rapidly approach 2016.
The monthly dividends for July came in at $1026.71, in 2014 i received $486.43 during the same month. Not bad and slowly chipping away.
One bit of good news was American Capital Reality ( ARCP ) which is now Vereit ( VER ) has now reinstated a dividend ( even if it is half of what it was before ). That will start to kick in from the next quarter. I think the stock will do fine in the long run as they try and mend a chequered past, it took a lot longer to resolve than i expected, i can see why people get spooked at even the slightest bad news.
August should be a good month for dividends but highly unlikely i’ll be able to take out the July 2014 monster income of approximately $1480.
BABA is going to be interesting, the chart unfortunately doesn’t look great so i’m going to have to make a decision on whether to average down if the stock tanks on earnings or unload if it pops. Earnings are due next week on the 12th and my gut said it will probably test the IPO price around 68-70$. I was hoping it could nail $100 this year but the negativity on China is immense right now and looks like that momentum isn’t going to dissipate any time soon. Maybe i’ll be lucky and the herd will swing too far one way and we get a nice rally, who knows. I am confident that this will change over time and BABA to be well north of $100 at some point. The market is against it right now which makes the timing and some decisions somewhat tricky for me.
All else being equal, this year has been like the market, mostly sideways but I’m excited about the prospects going forward.
Have an epic weekend