Sold 115 Shares of Stone Harbor Emerging (NYSE:EDI) at $9.18; Bought 10 shares of KO at $52.60 per share

Updated: 28 April, 2021 seen 30

On January 4, 2021, I sold  all 115 shares of Stone Harbor Emerging (NYSE:EDF) at $9.18 to purchase 10 shares with KO at $52.60 per share + kept some cash

I have been holding EDI stock since September 2018, in general, I still like the stock, but my investment philosophy has changed and I'm not interested anymore to hold stocks without options

From the money received I bought additional 10 shares of The Coca-Cola Company (KO) at $52.60 per share. With its quarterly dividend of 0.41 cents per share, this latest buy has a dividend yield of 3.11% and will pay us an additional $4.10 every quarter (before tax). Awesome!

Ko is paying a dividend in the following months: April, July, October, and December

For the rest of the year, we are looking to take $13.94 in dividend income (after tax) from this buy, which is about 0.53% of our $2,600 goal for 2021

2020 in Review and Financial Goals for 2021. 

We now hold 20 shares of KO, In total, they contribute about $27.88 (after tax) yearly to our dividend income portfolio.

Using dollar-cost averaging our average cost per one KO share is $50.30

By now KO takes 4.38% from our US stock portfolio,\

I'm looking to increase the total share count to 100, and then start selling covered calls on KO stock.

Just for the illustration:

We could sell a covered call on KO today (January 4, 2021) with expiry on February 5, 2021 (monthly options), with a strike price of $53, and get for that about $1.28 premium. That about 2.43% potential income return in less than 32 days. 

Looking to have 100 shares with KO by August 7, 2021 

80 shares to go!


Hi! My name is Reinis Fischer (38). Dad, husband, options traderdividend income investorcrypto hedge fund manager, drone enthusiast, world traveler, photographer, and passionate lover of Georgian cuisine (vegetarian). 

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