05-05-2014, 10:45 AM
Updated to include a couple new position changes.
-Purchased UL and K through Loyal3
-Purchased ARCP in Fidelity taxable account.
With thanks to DW reminding me that the commissions are a one-time deal and will be reimbursed through dividends, I felt much more comfortable investing outside Loyal3.
To stick to the game plan and keeping taxes in mind, the ARCP purchase was made using proceeds from selling some of the DVY (ETF) holding by choosing the lots with the smallest capital gains. The very first dividend from ARCP will cover the commission, so that's comforting. Since the ex-dividend date is tomorrow, I figure that today is the best day to at least get the ball rolling. ARCP is now my biggest holding so I will not be reinvesting dividends and the proceeds will go toward rebalancing in other stocks.
-Purchased UL and K through Loyal3
-Purchased ARCP in Fidelity taxable account.
With thanks to DW reminding me that the commissions are a one-time deal and will be reimbursed through dividends, I felt much more comfortable investing outside Loyal3.
To stick to the game plan and keeping taxes in mind, the ARCP purchase was made using proceeds from selling some of the DVY (ETF) holding by choosing the lots with the smallest capital gains. The very first dividend from ARCP will cover the commission, so that's comforting. Since the ex-dividend date is tomorrow, I figure that today is the best day to at least get the ball rolling. ARCP is now my biggest holding so I will not be reinvesting dividends and the proceeds will go toward rebalancing in other stocks.