LIVING OFF DIVIDENDS & PASSIVE INCOME

I left my previous company last March and therefore stopped contributing to the 401k. I was planning to roll it over into a rollover-IRA but didn’t get around to it. Luckily I did check in a few times to make sure the asset allocation was ok and I’m glad I did.

From April 1st 2006 until Feb 20th 2007 it returned 16.66%. And for the year 2006 it returned a stellar 21.4%. Now if I could keep this up, I’d be in the running with Warren Buffett

Of course my regular brokerage account hasn’t done nearly as well, basically because I buy individual stocks and not mutual funds, because I think I’m so damn smart!! (Actually it was those stupid WCI puts that ruined the performance) Anyway, as soon as August rolls around (thats the 1 year anniversary of the new account) I’ll post how that account did. Right now its not worth even mentioning!

My Roth IRA which I opened in September is up 11.66%. My previous Roth which I opened in 2002 and funded with $4,000 has a balance of $1.99. Its been like that for about 4 years and I don’t have the heart to transfer it to TDAmeritrade or close it. Don’t even know if I can close it.

Anyway, I’ll be funding the wife’s 2006 Roth at Bank of America. I just got an email that if you maintain a $25,000 balance they’ll give you 30 free trades per month which is pretty sweet. Don’t know if they have the same breadth of products as TDAmeritrade but they can’t be too bad.

Incidentally I found out that TDAmeritrade had taken out some of my dividends from last month and reapplied them the next day. When I inquired why, I found it was because the fools didn’t know what the Canadian Loonie to US Dollar conversion rate was and mistakenly gave me $0.002 cents per US Dollar. That didn’t even make a 1 cent difference which leads me to wonder where all those rounding errors go??? Is there some programmer (like in ‘Office Space’ or ‘Superman III’) who’s getting fat off these?

• October 2007 Passive Income Update It time for an update on October's passive income and online earnings. Last month's total was nice $1,736.80. Plus I got another $100 for referring a friend to TDAmeritrade, so counting that its $1836.80. I'm not counting the income from Prosper since its rather difficult to manually go through ~50......
• How I Started Investing In Real Estate src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> In September 2000 i caught the flu and while I was probably well enough to go to work, I decided to take a week off and relax. I spent a whole week sitting in Barnes and Nobles reading all sorts of business and investing books. That week I......
• Reliance Power: An Indian IPO I'm currently on a short trip to India. For the past 2-3 years, India's economy has been booming. There is construction everywhere and they're building new malls and apartment complexes like crazy. Even though I've been living in the US for the past decade, before that I spent 12 years......

• $50 Checking Account Bonus With Perkstreet Financial The other day, I discussed the SmartyPig free savings account, which allows you to address your specific savings goals by allowing others to help contribute to your SmartyPig account. This time, I’d like to introduce a form of checking account (with debit card) that is non-interest bearing, but promises......
• Is Your Checking Account A Free Checking Account? When people think about all the ways that they could be saving money, changing their checking account is not typically at the top of the list but it is possible that checking account fees are depleting the checking account by hundreds of dollars each year.  In most cases, the checking......
• Giving 'MagicJack' a Honest Try If you've been following the SF blog for a while, you'll know that I've been on something of a cost cutting binge in order to excise as many cash flow leeches from my wallet as I possibly can. This has been accomplished with some very easy frugal lifestyle substitutions......

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