For the month of October, the DOW gained 4007 points. That is almost a 14% increase from the prior month, helped by speculation that the Fed will slow interest rate hikes. Interest and dividend income was $3,752 for the month. Withdrawals for living expenses came to $1,213 for October. YTD my investments are down by 11.57%. My only trade for the month was buying 50 more shares of FTXL at $50 per share. FTXL is the First Trust Nasdaq Semiconductor ETF. This is just averaging down in hopes that semiconductors will stage a comeback in 2023. There are a lot of good deals out there right now. Amazon is under $95 a share! There are 5900 stocks that are below their 52-week high. The majority are small and micro-cap stocks, but 177 of them are large cap stocks. Some of the names that are down over 50% are SHOP, PYPL, NFLX, SNOW, MRNA, ADBE.<\/p>\n\n\n\n
Although some of these names went way up because of the pandemic, there are many that are down more than they should be. I already have many large cap stocks in the mutual funds that I own. Buying them individually would just duplicate my holdings. All of the mutual fund dividends in my retirement account are reinvested anyway. Since interest income has been improving, I made a change to reinvest dividends from NHMAX (Nuveen High Yield Muni Fund) which is down 14.56%. This fund is my only tax-exempt holding with a yield of 5.32%. It generates about $160 each month, which will now go toward buying additional shares. This one will continue to pay monthly dividends and should recover once inflation is under control. Another .75% interest rate increase would generate another $200 per month, which will make up for the money being reinvested into NHMAX. Income taxes for 2022 will be low because I won’t have any gains from stock sales. Unless I win the lottery, my taxable income will be well below the $12,950 standard deduction for 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"
For the month of October, the DOW gained 4007 points. That is almost a 14% increase from the prior month, helped by speculation that the Fed will slow interest rate hikes. Interest and dividend income was $3,752 for the month. Withdrawals for living expenses came to $1,213 for October. YTD<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/553"}],"collection":[{"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=553"}],"version-history":[{"count":1,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/553\/revisions"}],"predecessor-version":[{"id":554,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/553\/revisions\/554"}],"wp:attachment":[{"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=553"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}