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:

 
February
Income
Year-to-Date
Income
2013 Goal
Percentage of
Annual Goal
LC - Net Interest
$51.15
$102.26
$1,120
9.13%
Dividends
$33.39
$72.77
$700
10.40%
Options Trading
$52.99
$52.99
$300
17.66%
Total
$137.53
$228.02
$2,120
10.76%

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.

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Comments

  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!

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