Total Account Value, 5/31/2012 Statement: Not Available at the time of this post…but down for the month!
Total Cash Reserve, 6/1/2012 Statement: $8,251.07
Core Stock Positions (as of 4/30/2012): ADM (300 shares), CSX (400 shares), DOW (200 shares), GE (500 shares), GLW (700 shares), HAL (300 shares), ITW (200 shares), MSFT (300 shares), NOC (200 shares), SWK (100 shares), SPLS (500 shares), URS (400 shares), WAG (300 shares)
Option Premiums Collected (net, month of May): $2,092.84
Capital Gains Collected (net, month of April): -$6,917.14
Interest on Cash Reserve (estimated total): $0.06
Total, Absolute Return: -$2,932.78
Absolute Return, Percentage Basis: -2.30%
Annualized Return, Percentage Basis: -27.96%
Next Month To-dos:
During June, seven positions have forecast ex-dividend dates. I haven’t done much in terms of figuring which might be close to a share price that would result in an early call, but I don’t think many of them are at risk for that. The total take from dividends will be about $420, or 0.33%, an amount that translates to nearly four percent annually! That's a second month of good dividend income. Here’s the ex-date forecast:
Consolidated Lessons Learned:
Concentration of capital: I had held 800 shares of ACM in this account since the inception of Rescue My IRA. That represented the highest concentration of value in the account, and I had always been concerned about the need to reduce the holding to something closer to the average position, especially since ACM is not a dividend stock and doesn’t meet my trading rules.