23 December, 2019 seen 79In the month of November 2019, I kept suffering from my trades on indexes. I took a loss of about EUR 3,000. If there was a lesson learned, then liquidity, stop loss and too many open positions are 3 simple things to follow in the future. Anyhow, I decided to stop trading instruments without underlying (no more futures or indexes until further notice) The…
On June 17, 2018, I bought (got assigned) 100 shares of Xinyuan Real Estate (XIN ) at $5.00 per share. With its quarterly dividend payout of 0.1 dollars per share, this latest buy has a dividend yield of 8% and will pay us $10 (before tax) every quarter. Awesome!
Xinyuan Real Estate Co., Ltd. is a Chinese real estate company. Xinyuan has traditionally engaged principally in residential real estate development and the provision of property management services, focusing on Tier II cities in China.
XIN has been in our portfolio since October 2018, see: Latest Stock Buy: XIN, since then I have been successfully selling covered calls on it (Call Selling: XIN JUL 19'19 5 Put @0.2), that's how I got assigned it actually it now, I was selling naked put (#12 Put Sell: XIN JUN 21'19 5 Put @0.60) for what I got a nice premium of $60 a month ago. Despite I bought XIN at $5.00 (strike price) per share my actual cost per share were just $4.4.
By now XIN stock takes 9.85% from our US stock portfolio, and also is one of the biggest dividend payers in the portfolio by now.
For the rest of the year, we are looking to take $48.8 (before tax) from this buy, which is about 2.3% from my $2,045 goal for 2019.
In total XIN now contributes about $97.6 yearly to the dividend income portfolio.
From now on I plan to sell more covered calls on XIN and collect hefty dividend every quarter.
Founded by Dr. Zhang Yong in Zhengzhou, Henan Province in 1997, Xinyuan Group has successfully evolved from a company that solely focused on real estate development into a huge corporate group that incorporates an array of ancillary businesses. During the past 20 years, Xinyuan has built strong momentum by following the strategy of "robust core business and rapid transformation", and blazed new trails in realms such as real estate development, city industry cooperation, business management, and smart technology.