After having a few beyond expectations income months, I wondered how long it would last before I hit the wall. Well, we finally have the answers! Funny enough, it was not the Market that made me hit the wall, it was Amber Tree that did this all by himself! Well done…!
August Dividend Income
Let’s start with the positive news on the dividend income. In August 2016, I bagged my first triple digit dividend income. My dividend stocks payed me 112,12 EUR of income. Not bad at all. That covers a few G&T on the beach for the summer. Or I could reinvest….
Year to date we have made 409,98 in dividend income. Considering that this is a try out for me, i can not complain. Given the high tax burden we have in Belgium, I am not yet sure to continue to make this grow. I actually consider just keeping what I have and have covered calls do the selling…
August option income
Last month was a BAD month. A really BAD month. I paid a lot of money on training. Not classroom training or webinar training. Nope, I paid it to have mental training.
In August, I lost 331,82€ with my option writing strategy. Will I continue? YES! Why? I have learned a lot on myself, my strategy, me being mechanical and stubborn. I will actually write a full post on my August failure in the coming weeks: In short – I wanted to time the market with my vision. When that failed, I got stubborn….
Due to some residual ashes from the summer experiment that failed big time, September will be a slow month as well. Let’s do our best to have a rocking final quarter
Year to date, I am still up close to 2K in option writing.This by far exceeds my initial expectations. This does not yet allow me to Financially Free. It is a small extra step that I would not have made otherwise.
August trading income
This is a chapter that I do bot have that often. At the start of my play money, I expected to report on this more often. Due to the same summer experiment, I am actually in negative territory YTD, down 158 EUR. I am not too worried about this as there are a lot of unrealised gains in my playmoney portfolio that can offset this loss.
How was your August? Better than mine?