As I sometimes do when Rescue My IRA is having
a profitable month overall – and there have been several in a row, as a matter
of fact – I will take advantage of some gains to prune some underperforming
positions. This month, I’ve unwound five
positions for gains: CMI, DIS, MAT, MRK,
and WFC; I’ll report on WFC today and combine that with F, which I unwound for
a loss last week.
Here is the record on the two positions, net
of fees and commissions:
F
Shares:
Shares:
Bought 500 shares in
two lots, average purchase price of $17.23 per share, and total basis $8,616.00
Sold on unwind 500
shares at $7,632.86
Total stock loss: -$983.14
Options:
Total options
income: $398.43
Dividend:
Total dividends
collected: $50.00
Net Profit:
Total Net Loss after Unwinding: -$534,71
Absolute Return on Investment: Not calculated
Annualized Return (105 days): Not calculated
Net Profit:
Total Net Loss after Unwinding: -$534,71
Absolute Return on Investment: Not calculated
Annualized Return (105 days): Not calculated
WFC
Shares:
Shares:
Bought 300 shares, average
share price $42.78, position basis $12,835.00
Sold on unwind 300
shares at $13,507.76
Total stock
gain: $672.76
Options:
Total options
income: -$401.03
Dividend:
Total dividends
collected: $90.00
Net Profit:
Total Net Profit after Unwinding: $361.73
Absolute Return on Investment: ($361.73/$12,835.00) = 2.82%
Annualized Return (59 days): 2.82%*(365/59) = 17.44%
Net Profit:
Total Net Profit after Unwinding: $361.73
Absolute Return on Investment: ($361.73/$12,835.00) = 2.82%
Annualized Return (59 days): 2.82%*(365/59) = 17.44%
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