Stopping Buying Dividend Stocks to Beef Up Cash Balance 2

Updated: 21 December, 2021 seen 33
Dividend Stocks Investments

I have decided to pause buying new dividend (or any other) stock until will decrease my negative cash balance down to -EUR 10,000.

Today my cash balance is standing at -EUR 11,911.

With the recent market volatility (omricon and Fed rates) it might seem like a great buying time, but I have decided to grow back some cash balance, wait for some options to expire, roll bad ones, keep selling covered calls, and deposit additional cash until I will decrease my negative cash balance down to at least -EUR 10,000

I'm not planning to sell any of the stock I currently hold. Until further notice, I will just stop buying PFE, INTC, WBA, AAPL, ARCC, MPW, and BAC.

As of today, my projected monthly dividend income stands at $76.80

I hope to return to dividend stock buying in February 2022

about

Hi! My name is Reinis Fischer (38), a proud dad and devoted husband. CEO and Founder of Terramatris crypto hedge fund, drone enthusiast, world traveler, photographer, and passionate lover of Georgian cuisine (vegetarian).

An ex-pat living in Georgia since 2011, I trade stocks, take photographs, work out at the gym, and many more. Here I write about travel, finance, and other things that might interest me.