Category Archives: Updates

My Current Investment Positions

I am fairly pleased with my current portfolio since I developed my own investment strategy. My investment activity is still not as accelerated as I’d want it to be but slow and steady is good. I got rid of all but one of the first stocks I bought before I really knew what I was doing and have been focusing my effort on investing in dividend stocks.

I have been investing at least $200/month. I wish it could be more but reality is a bitch. Reality is what we normal people have to deal with regardless of what the so-called “investment experts” on the internet say.

But so far, my portfolio as increased 13.51%. My holdings:

$ABR
$ACRE
$KO
$O
$OBLN
$T
$VDE
$VNQ
$VYM

I’m also looking to diversify my portfolio a bit more by buying some bond EFT’s (i.e. either $VTIP or $VTEB). Also, with the current pandemic it might be good to invest in a pharma company. But which one? I might look to buy some $VHT, an ETF that invests in pharma companies within the Healthcare sector.

All Data Is Transferred

moving van clipart

About 2 weeks ago I initiated the transfer of my account from Robinhood over to TD Ameritrade. The majority of the account transfer was completed within the week. But I was still lacking the detail information for my stock purchases that were completed on Robinhood. It’s difficult to track how well your stocks are doing when the cost information is missing from the position listings.

Well, I checked my record information on TD Ameritrade and found that the details were finally transferred over from Robinhood. The information seems to be complete. And my Robinhood account, although still active, is listed as restricted but will no stocks listed and a zero cash balance. At some point I expect I will no longer be able to log into my Robinhood account.

The Move Is Done!

moving van clipart

Last week I had published an article about my move from Robinhood over to TD Ameritrade. There’s a lesson to be learned here. Because I am still new to investing and working with these investing platforms, one of the things that I didn’t know was that there is a transfer fee for when you move your whole account from one platform to another. I just thought it was the same as with transferring an account from one bank to another.

Robinhood charges a one-time transfer fee of $75.00. Well, in of itself I didn’t have a major issue with this except for the fact that I didn’t have enough funds in my cash portion to cover that fee. I wrote to Robinhood to ask how that would be handled. Would the transfer be held up until I deposited enough funds in my Robinhood account? The answer to this was no. As soon as Robinhood received the transfer request from TD Ameritrade (the receiving platform initiates the transfer & the sending platform completes it) they restricted my Robinhood account. This meant that I couldn’t deposit, buy, sell, or withdraw from Robinhood. OK, fine I can wait. But how was the $75 fee going to be covered? Robinhood stated that if there wasn’t enough funds in my account they would transfer the account as a margin account. In other words they would charge TD Ameritrade. They also suggested I contact TD Ameritrade to find out if they would accept a margin account as a transfer.

I did contact TD Ameritrade and asked them if they would accept a margin account with the transfer. I explained the situation and how the margin account came into being. A very helpful asset transfer representative replied back. Their specific reply was:

Yes, we are going to accept the transfer for you, and if you will please notify us once the transfer is completed, we will be glad to reimburse that fee back to you!  You may simply reply to this message to let us know that the transfer has been completed,and to move forward with the reimbursement.

Great! Seems the problem was solved. Even if TD Ameritrade didn’t reimburse me for the fee, I was happy that they would accept the transfer. Otherwise, the transfer would have failed and I’d have to start all over again.

My ETF Portfolio

I was glad to see that my Vanguard ETF portfolio grew in value. Even though I’m investing for the long term benefits, I just wanted to check and see what the funds were doing. I have another portfolio of individual stocks I am invested in but the ETF portfolio hold the most promise. My ETF portfolio currently holds the following ETFs:

  1. VDE – Vanguard Energy
  2. VNQ – Vanguard Real Estate
  3. VYM – Vanguard High Dividend Yield

Yes, they are all Vanguard funds. I have a preference for Vanguard. This is not to say any others one, like Fidelity, are worse but I just prefer Vanguard. Checking today’s market value and I find that the portfolio has increased by +3.07%. I won’t have a comparison with the S&P 500 or the NASDAQ Composite until the end of the day. I’ll be check back then.

I only started on my investment journey since the beginning of the year with ETFs and stocks. Last year I started my 401K with my employer. What’s in my 401K?

  1. VFIAX – Vanguard 500 Index Fund Admiral Shares

Now, I look at other factors with my funds to decide if I increase my position with any or all of them or look for another investment (except the VFIAX, which is automatically invested into).

  1. VDE is currently trading at $48.85. This toward the low end of its 52 week range. I may end up buying a couple of more shares of this fund. The expense ratio is high for my liking (0.10%) but the fund pays $2.74/share (a yield of 5.61%). VDE invests in giant-cap and large-cap U.S. energy stocks.
  2. VNQ is trading at $80.71 which is right in the mid-range of the 52 week range. This one is one that I’ll keep an eye on. I’m not overly happy with the expense ratio of 0.12% but the dividend paid is $3.11/share (a yield of 3.85%). Situations do change so this one will stay on HOLD.
  3. VYM is my pride & joy. I love this fund. Currently it’s trading at $82.47 and that puts it on the high side of its mid-range of the 52 week range. The dividend is $2.96/share (yield of 3.58%) and the expense ratio is a happy 0.06%. This is one that I may increase my position by a few shares.

I don’t have much to say about VFIAX because it is on auto-pilot within my 401K account. I am still fairly new to this investment process so I don’t have much on how I am doing on the amount of dividends I have been paid. Stay tuned for new updates as they develop.

Making My Move

moving van clipart

Everyone and everything evolves. when I first started on this path of investing I started by using the commission-free brokerage on Robinhood. After spending time learning whatever I could about investing, researching companies and stocks, and learning how to minimize my risks I came to the conclusion that I needed a more robust brokerage account. I ended up opening a TD Ameritrade account in addition to my Robinhood account. I had kept my Robinhood account because I had a couple of stocks on there and it was pretty simple to use. I also needed time to learn my way around all of the tools and features that were available on TD Ameritrade. I endedn up using my TD Ameritrade account for my ETFs and Robinhood for my individual stocks. But I found myself spending more time on the TD account researching different stocks. I started a Watchlist on TD to list my stocks from Robinhood so I can see all of my investments in one place. There was more information with TD Ameritrade than with Robinhood.

So, I decided to move my stock investment account from Robinhood to TD Ameritrade. First thing you must remember is that you must already have the receiving account created because that account is the one that starts the ball rolling. I logged onto my TD account and began the transfer process. I had to fill out an online form letting TD know what account I wanted to bring over. I had to make sure that I had a previous statement from Robinhood because there were crucial bits of information to give TD. TD Ameritrade then informs Robinhood that I have initiated and authorized the transfer of my account there to TD Ameritrade. This part of the process is fairly quick.

Within a day I was notified that my Robinhood account was restricted, my cash management has been downgraded, my debit card and ACH transfer would no longer work, and any outstanding limit buys or sells would be cancelled. My cash account would no longer be earning any interest. This made sense, otherwise it would be like trying to hit a moving target if they were going to try to sweep up any and all pending transactions to transfer over to TD Ameritrade.

The transfer should take anywhere from 5 to 7 days. Where TD Ameritrade initiated the transfer process, Robinhood control the speed of that process and its completion. I’m doing all of my investment activity on TD Ameritrade and just waiting for my stocks and cash from Robinhood to show up.