23 January, 2023 seen 78In this article, I will share my idea for growing back my stock portfolio by starting small. Long story short, after several years with a costly Dutch Lynx Broker (affiliated with Interactive Brokers), where I was paying high commissions for stock buys (sells) and options trades I finally closed it in mid-September 2022, closing all the positions and…
On May 15, 2020, I bought 5 shares of Intel Corporation (INTC) paying $57.63 per share.
With its quarterly dividend payout of $0.33 per share, this latest buy has a dividend yield of 2.29% and will pay us $1.65 (before tax) every quarter. Not the biggest addition to the portfolio, but every bit counts.
INTC is paying a dividend in the following months - March, June, September, and December
I bought this stock as a gift from my dad to our daughter, unfortunately, my dad passed away on May 11, 2020, and one of our latest conversations was about - name day celebrations of our daughter / his granddaughter, I jokingly said that most probably I will buy her some stock, on what dad replied - this is not a party at all!
The Name Day come, and I realized I didn't know what is my dad's favorite company - I never asked, in the end, I decided to go with Intel Corporation, as dad loved semiconductors, capacitors e.t.c. hell, I was four years old when he taught me soldering. Intel seems quite OK tech stock to keep in the portfolio.
I plan to increase the total share count to 100 in a reasonable time frame (say 2-3 years) and once we have 100 shares start selling covered calls on it to generate extra income.
By now INTC stock takes 2.2% from our US stock portfolio.
For the rest of the year, we are looking to take $2.8 (after tax) from this buy, which is about 0.07% from our $3,600 goal for 2020
In total INTC now contribute about $5.61 (after tax) yearly to the dividend income portfolio.
It is interesting to note - INTC now is the most expensive stock in our portfoliol