My Trading Account Status 7/26/2014

I didn’t make any trade this past week. Here are the holdings in my trading account as of July 26th, 2014:

DescriptionSymbolQuantityDate AcquiredCost BasisMarket Value
TOTAL$17,132.96
AFLAC INCAFL10001/31/14$6,278.95$6,359.00
AFLAC INCAFL8903/27/14$5,540.75$5,659.51
NELNET INC CL ANNI12112/11/13$4,970.79$5032.39
AFL Aug 16 2014 65.00 CallAFL Call-107/18/14-32.34-42.00
CASH$124.06

AFL is now in the mid $63 range. The price of AFL had been going up ever since I sold a call on AFL (Ugh, Murphy’s Law). So at the beginning … Read more

My Trading Account Status 7/19/2014

Here are the holdings in my trading account as of July 19th, 2014:

DescriptionSymbolQuantityDate AcquiredCost BasisMarket Value
TOTAL$17,218.66
AFLAC INCAFL10001/31/14$6,278.95$6,371.00
AFLAC INCAFL8903/27/14$5,540.75$5,670.19
NELNET INC CL ANNI12112/11/13$4,970.79$5,107.41
AFL Aug 16 2014 65.00 CallAFL Call-107/18/14-32.34-54.00
CASH$124.06

Finally, I made a trade! No, I didn’t sell or buy any stocks, but on 7/15 I sold one AFL call option contract. It expires on 08/16/2014 and has a strike price of $65.00.

I sold the call for … Read more

Etrade Lowered My Commission From $9.99 To $7.99

When I first opened my account with E*TRADE, the trade commission was $12.99. You needed to have a minimum balance of a certain amount to qualify for a $9.99 commission. Sometime later, the commission was lowered to $9.99 for everyone. Currently the pricing rate is like this: the standard commission is $9.99 per trade for 0-149 trades a quarter, and $7.99 for 150+ trades a quarter.

Last week, I received a call from an E*TRADE representative. He told me that because of a negative feedback I gave them on a survey, they decided to lower my trade commission from … Read more

My Trading Account Status 7/12/2014

Here are the holdings in my trading account as of July 12th, 2014.

DescriptionSymbolQuantityDate AcquiredCost BasisMarket Value
TOTAL$17,000.73
AFLAC INCAFL10001/31/14$6,278.95$6,266.00
AFLAC INCAFL8903/27/14$5,540.75$5,576.74
NELNET INC CL ANNI12112/11/13$4,970.79$5,066.27
CASH$91.72

The DOW fell below 17,000 this past week, but the total value of my account remained above $17,000.

I made no trades this past week. Again there is nothing exciting to report. For some reason NNI jumped $1.10 a share on Friday 7/11 with no news. During after hours trading, it … Read more

Checking The Math On My Ally CD Interest

I blogged about my experience with closing an Ally CD account a while ago. But as I was writing that post, I found that I had a hard time reproducing the numbers on my statements.

Here are the facts:

  • 4/9/2013 – I deposited $7,000 into an Ally CD account
  • 12/31/2013 – Interest paid in 2013 is $55.73 per the 2013 1099-INT
  • 4/21/2013 – I closed my account. Per the April statement the interest paid in 2014 is $23.09, and the early withdrawal penalty is $12.57.
  • The annual percentage yield is 1.09%

Total interest paid is $55.73+$23.09 = $78.82Read more