February is in the bag so it’s time for my monthly passive income update. Things have picked up a little bit since my first month of tracking in January. Overall February was a pretty low month for passive income, but I anticipate this moving up as the year goes on.
Passive Income Summary:
|LC - Net Interest|
Lending Club: With February being a short month, my interest payments received were barely higher than they were in January. However, with average interest rates of 18.39% and 14.86% in my Roth IRA and taxable accounts, I hope to eventually receive between $140-150 in net interest per month by the end of the year. I am looking forward to being fully invested in both of these accounts and seeing the benefit that will have on my returns. I calculate my interest amount to be interest received less any charge-offs, defaults, and services fees in the given period. See the full Lending Club February update for more details.
Dividends/Trading Income: During February, I received my monthly dividends from Prospect Capital; unfortunately, due to moving some of my investments from Schwab to TradeKing because of transaction costs, these dividends were unavailable to be directly reinvested. I had a couple of options transactions finalize in February. I had one Intel covered call expire worthless and bought-to-close a Safeway put, which resulted in the month’s option profits. Additionally, I had a put option with CSCO that expired in-the-money and 100 shares were assigned.
You can find details on all of my equity investments under the Investments page, peer-to-peer investments under the Lending Club page, monthly updates under the Passive Income Updates page, and progress on my 2013 goals on the Goals page.