Passive Income – February 2013 Update

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:

2013 Goal
Percentage of
Annual Goal
LC - Net Interest
Options Trading

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.

If you enjoyed this post, subscribe below to get to receive new posts by email.


  1. I love how professional and methodical you are in keeping track of your goals. 10 years from now you are going to be crushing it! Keep up the good work.

    • Thanks Marvin! One of my primary purposes for starting this blog was to provide a nice, “permanent” record of my progress, as well as my tracking my efforts and thought processes as I work towards achieving my goals! Random musings, misspellings, and grammatical disasters are just an added bonus!

Leave a Reply