For the month of May, the DOW went down 1190 points. This puts the DOW down 0.68% for the year, and down by 1% in the past 12 months. Interest and dividend income was $1834 for the month. Withdrawals for living expenses came to $1141 in the past month. I added another 50 shares of CVS Health at $68.48 per share. This gives me an even 100 shares. I decided to sell my 200 shares of FTXL (First Trust Nasdaq Semiconductor ETF) at $58.66 per share. I should have held it for another week because the price increased shortly after I sold it. I would be a buyer of this semiconductor ETF again if it drops below $55 per share. <\/p>\n\n\n\n
I like investing in stocks that pay dividends. Although, a good dividend doesn’t mean the stock is going to hold its value. It’s easy to get stuck with a stock that drops in price making your dividends worthless. Right now, my stock portfolio isn’t looking good. All six stocks are in the red. I’m down to only one non-dividend paying stock. The annual dividend payout for the other stocks is estimated to be $863. However, that doesn’t cover the current $3039 unrealized stock loss. There is a chance that a few of these stocks may recover before the end of the year. At this point it’s about generating income and not putting too much cash at risk.<\/p>\n\n\n\n
This past month there was more bad news for Walgreens. A $230 million settlement with San Francisco to settle claims regarding its role in the city’s opioid epidemic. And a settlement with consumers over claims that the company was aware of fraud at now-defunct blood-testing firm Theranos. Just last week, they have asked a U.S. judge to vacate an arbitrator’s award of more than $642 million to Humana Health Plan Inc. in a drug-pricing dispute. It seems like every week there is another huge judgement against them. They recently announced that they will be laying off 10% of their corporate workforce. It seems unfair to blame Walgreens for the opioid epidemic. But they are a profitable business and are the easiest link in the chain to go after. Despite all of the bad news, only 4.23% of shares are short. If they decided to cut their dividend, things could get worse for their stock price. I just hope that they can survive this and turn things around.<\/p>\n","protected":false},"excerpt":{"rendered":"
For the month of May, the DOW went down 1190 points. This puts the DOW down 0.68% for the year, and down by 1% in the past 12 months. Interest and dividend income was $1834 for the month. Withdrawals for living expenses came to $1141 in the past month. I<\/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\/648"}],"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=648"}],"version-history":[{"count":1,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/648\/revisions"}],"predecessor-version":[{"id":649,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/648\/revisions\/649"}],"wp:attachment":[{"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=648"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}