My Investing Journey with Passive Income and Stock Market investing

Month: December 2019

December Market Moves-Kroger, Netflix, 3M

December was an interesting month for me. I can’t say I added a whole lot of new capital to my account. I did sell some stocks and use those funds to make new purchases though.

The first stock I sold was Krogers. I originally said I was going to hold Krogers for a very long time. However, I am just not pleased with these reports. GAP earnings has declined -17.95% quarter to quarter and the trailing last three quarters it is down over FIFTY PERCENT. Now granted I didn’t sell all of my KR, I only sold half for an 8% profit not counting dividends. I just think there is very little room for the run up here, I see 29 as the max share price for awhile and very potentially going back to 25 in the near future. KR doesn’t have the greatest dividend either, I got in around a 3% yield but now it’s 2.5%; although I must say it’s a great dividend grower. Growing it’s dividend 14% annually this year.

I sold a good bit of my Fidelity Health Care Services mutual fund as well. I held this in both my IRA and Brokerage account. I wanted to reduce my weight in the IRA and want to get out of it completely in my brokerage. It doesn’t pay a great dividend and the capital gain taxes at the end of the year are a bit of a nuisance in my taxable account. I’m also not looking forward to it’s volatility as we enter a presidential race. I’ve seen enough of that the last year to last me a lifetime. I will continue to hold a decent position in my IRA for long-term but will reduce out of my brokerage exposure as I’m eligible for LONG-TERM CAPITAL GAIN TAXES.

I sold 1 share of 3M as well. I then used this money to help buy more Netflix, hahaha. Sorry, but I just do not have the enthusiasm some of my fellow dividend investors have about 3M. It’s not one of my favorite stocks in my portfolio. I bought it simply because I got a great price on it. It was in my IRA so no taxes to pay on it.

What did I buy?
Yes, I bought more Netflix believe it or not. Yes, a value/dividend investor buying Netflix. I won’t go over my NFLX convictions again despite it’s high P/E and negative cash flow; I’ll just say I’m taking a risk here but it’s a risk I do believe in.

Still buying Ryman Hospitality, Westrock and Six Flags. Also bought $100 worth of General Mills before earnings and $100 worth of Darden Restaurants before earnings. Darden’s report was pretty decent but the stock went down 6% that day only to recover 2% of it the next day.

New SIDE HUSTLE & Facebook Marketplace

I recently decided to pop into the local thrift store and see what they had, boy was this a bad idea, it started a new addiction for me. Buying and selling things via Ebay and Facebook Marketplace.

THE LEADUP: My seasonal job is done until Febuary and my gigs are VERY slow right now in the winter months so I need some extra income, hence, the need for a SIDE HUSTLE.

So after about Five minutes browsing around I spotted a big Tonka Firetruck for $1 that looked to be in very good condition. Next I picked up a board game with two puzzles (Tied together for $2).

I took this “My Feelings” board game home, put it on Facebook Marketplace and no lie within ten minutes I had a buyer at $20. That’s $18 profit

Unfortunately, the Tonka Truck and the puzzles have yet to sell but maybe in good time here.

Next up, I found this HUGE lot of toys on FB marketplace for $20. I had to drive about 30 mins to get it but I had the day off and wanted to hit some other thrift stores on my way there so I made it worth it.

I will update as the items sell but let’s just say there is over $200 worth of material in that lot of toys. Here are the biggest ones in the lot. The power ranger was $200 new and is bringing about $30 now, Batman Cave, at least $15, superman Daily Planet another $12 at least. This is not even getting into the smaller pieces, some of which will bring $10 a piece. So yeah, major score there. I’ve already sold some of the smaller pieces on Ebay for $3-10 a piece.

I will continue to report back with my side hustle sells over the course of the next month to see how I did, right now I’m loving the extra cash flow.

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