Brokerage switch

As a lot of you know i was switching brokerages well on Jun 26 the first transfer went through. On July 2nd the second transfer went through. Some hiccups along the way but i got a free transfer out of Capitol One.

Now a little on the backstory. I started investing in the original sharebuilder back in 2001 and was very pleased was just want i wanted cheap yet simple. they mad some switches along the way selling out to ING then to capital one this last one made me think i just want something that most likely wont get bought out or sold.  As always there is a chance but i think with my new brokerage its very slim.

I decided after Capitol one decided to sell out to switch to Merrill edge.   I looked at a few prospects like M1 but the pie idea didnt suit me that well no offense to anyone that has it. i also looked at interactive brokers  which looked intriguing but they do have  some fees if your account isnt above $100,000. the more i thought about it the more i liked Merrill edge. I already had a checking account with bank of America so to me it made since to go with Merrill edge.

Now that the transfer is complete i have made some trades made some this week with some posts to be coming soon. i had 300 free trades. I was hoping to overlap it and not have that much of wait to get the next batch of free trades but i will have to wait it looks like till Sep is when i will average out for at least 50 free trades a month. really thats all i need but i should qualify shortly after for a upgrade to 100 free trades a month.  for these free trades you need for the 50 free trades 50,000 combined in merrill edge and BAC accounts. for the 100 free trades it is $100.000 combined for 3 months.

Some of things i like about merrill edge is the website is easy to use once you know your way around. Trades are very easy to make. they estimate how much dividends you will get in a given year. They show you long term and short term gain for the year and for the life of the stock.  You can look at every purchase and dividend reinvestment for long term gains and short term gains and losses.

Maintain over $50,000 combined balances allows you access to market pro or 15 trades a month.  Lots of extras like extended market hours which lets you trade pre and post market.

Lots of good stuff with Merrill edge and i have saved a bunch in fees as i would not have been able to make all these trades with out these.

Find the brokerage that is right for you though.


2018 buy number 5 and dividend hike XOM

image Yes the big double a buy and dividend hike on the same day i knew  the hike was getting close but not sure when it would happen.

When my mom gave me her Morgan Stanley  account, it came with $2,000 dollars in  cash wich earns a paltry bit of interest. of course i missed the episode a few weeks ago where it dropped to $73. something. It may go up more it may drop more im not really trying to time the market but when i looked this morning and seen that XOM was $78.05 I had to pull that trigger.

A little about XOM.

Exxon Mobil Corporation (XOM) is the largest of the vertically integrated oil majors, as well as the largest publicly-traded corporation in the world by revenue. It was created on November 30, 1999, by the merger of Exxon and Mobil. The company has several divisions and hundreds of affiliates, including Exxon Mobil, Exxon, Esso, and Mobil.

The firm generates the majority of its income from liquid and natural gas sales, with earnings of $19.7 billion in 2017. The geographical diversity of Exxon Mobil’s exploration and production (E&P) activities make it less vulnerable to the regional production uncertainties that plague the industry. The company is also an international leader in the downstream refining industry with over 5,000 owned/leased retail stations and 4.9 million barrels per day of refining capacity at the end of 2017.

Continue reading “2018 buy number 5 and dividend hike XOM”

2017 portfolio balance

This post shows how imbalanced my portfolio is. Some would sell off the top  and add to the bottom my goal is to just add and eventually everything will be where i want it to be. I am sure not going to pass up a bargain in an over section just as i wont buy just to buy on a lower section. Telecoms was one of the biggest gainers. I sold a stock in Industrials that was bought out. so that one dropped but i think overall the portfolio is heading in a nice direction. Tech is hot it seems like so naturally that one is going to be out in front.

Tech and banks have been   hot it seems like so naturally those are going to jump up. as i add in differnt sectors  I expect others to come up and close the gap over time.

How is your portfolio? pretty balanced?  Out of balance? Let me know in the comments

Recent Buy CHRYY

After selling a stock last week i definitely had to put the money into another stock and that is what i did on Tuesday was with an auto buy buy from Sharebuilder. I decided to add it to a stock i already owned and bring that one up. that is most likely what i will do with the rest of the money also. As i have some stocks i want to add to add to and bring up.  Continue reading “Recent Buy CHRYY”

Account diversfication

We are going to look at the diversification of my dividend paying stocks and see where i need to go. Of course i am not going to just buy a stock to buy a stock but if one is close to being a good deal i will buy it. The goal of diversification is to help ward off dividend cuts and such. Lots of people instantly sell on dividend cuts but i think its a case by case look at each cut when it happens.  Continue reading “Account diversfication”

Good advice for college grads

When you’re just entering the workforce, you may wonder what your financial priorities should be. The financial habits you develop now can have a big impact later, so it’s important to start out on the right foot. A recent survey from Forrester Consulting  found that a majority of millennials feel like they don’t know enough about how to manage their finances to meet their financial goals. These tips can help.

Even those coming out of high school might find these interesting put these together here and there on thoughts and things i ran across

  1. Keep your frugal student lifestyle. Your new steady income is exciting, but it’s easy to get carried away and overspend. Consider ways to keep your living costs low, such as living with roommates, driving your car a couple years longer and limiting unnecessary spending. Being frugal is about being smart with your money and being aware of the value of money and these frugal principles are ones which can benefit anyone, in any stage of life or financial situation. Being frugal is not about going without, but it’s about going without the things which are unnecessary. Therefore an important frugal principle is being smart with your money and to do this you need to know its value. This means you take the time to shop around for the best deal, or you pass over the more expensive product with extra features which you know you don’t need, to purchase the cheaper one you know you can afford, and which fulfils your needs.
  2. Take full advantage of employee benefits. Many employers offer matching contributions to a tax-advantaged retirement account. If you don’t contribute enough to earn the full match, you’re turning down free money. You may also be offered health insurance, short- and/or long-term disability insurance or life insurance at attractive group rates.
  3. Create and stick to a budget. Over Half of all millennials admit to being impulse shoppers, making unplanned purchases of $30 or more on a daily or weekly basis. Habits like that can keep you from reaching your financial goals. Include savings in your budget so you can build an emergency fund and save for major purchases, such as a house or a car. There are many online places that have budgets premade for you. This will be tough.  It is going to bring great challenges your way.  However, I can guarantee that it will be worth it in the end.  Just wait until you can finally control where your money goes instead of the other way around.  It is liberating.
  4. Improve your credit score. Pay all bills on time every time. Also, try not to use more than 30 to 50 percent of your credit limit, and think twice about closing old credit card accounts, since the length of your credit history affects your score, too.What you might not know: Even if you pay balances in full every month, you still could have a higher utilization ratio than you’d expect. That’s because some issuers use the balance on your statement as the one reported to the bureau. Even if you’re paying balances in full every month, your credit score will still weigh your monthly balances. One strategy: See if the credit card issuer will accept multiple payments throughout the month.
  5. Invest in yourself and your career. Your earning power is a valuable asset. Invest in it through networking and keeping your skills current. As technological advancements change the workplace, you need to have the skills that are in demand. Consider ongoing training and education.
  6. Protect your personal information. Keep identity thieves from stealing your information. Shred any paper document with sensitive information, and use strong passwords online and change them regularly. Avoid using public Wi-Fi for online banking. Protect your PIN and shield the keypad from view when using an ATM. Review your financial statements each month to make sure there are no fraudulent transactions.
  7. Pay off higher-interest debt first. Student loans make up the largest debt for most recent grads. If you also have credit card, it’s likely at a much higher interest rate.Putting as much as you can toward the higher-interest debt first will save you money and allow you to pay it off quicker, giving you more money to put toward your student loans.
  8. Look into consolidating student loans. Consolidating loans may make payments more manageable, but could cost more in the long run. It’s important to weigh the pros and cons before making a decision.


This isnt and exhaustive or conclusive many different ways and ideas if you are a recent college grad and what has been working for you is working stick to it.