tag:blogger.com,1999:blog-83147420195306206102024-03-13T10:48:50.675-04:00A Slacker's QuestUnknownnoreply@blogger.comBlogger263125tag:blogger.com,1999:blog-8314742019530620610.post-17479440873633634102020-03-22T13:59:00.000-04:002020-03-22T13:59:08.570-04:00$50 Per Paycheck Dividend Portfolio Update 3/20/20<br />
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It is crazy how much
the world has changed since the last update not too long ago. Three years of
stock market gains have been erased, the world's economy has ground to a halt,
and millions of people are in some kind of quarantine/shelter in place situation,
and millions more will be soon.</div>
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<br /></div>
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How's that for not
knowing what the future will bring?</div>
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<br /></div>
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Is now a good time
to invest? Who knows. But if you still have a job and some of the money can be
spared, now is certainly a better time to invest than it was a month ago. The
world has fundamentally changed and the future is murkier than ever. But, the best
time to be greedy is when others are fearful. There is a lot of fear right now,
so the portfolio buying continues.</div>
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<br /></div>
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As I've given up on
M1, I am buying a mutual fund that tracks the S&P 500 in a new account with
Schwab. Once Schwab implements fractional share purchases, I will sell the
mutual fund and buy individual stock positions. At some point I will also transfer
the positions held with M1.</div>
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<br /></div>
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Schwab doesn't have automatic transfers for every two weeks on a specific day, so I signed up for twice a month on particular days of the month. Automatic investments have to be $100 or more, so I will be buying the mutual fund manually.</div>
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<br /></div>
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<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6736in;">
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Date</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7118in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio Account Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7069in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">VOO Closing Share Price</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Benchmark VOO Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio VS Benchmark</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6777in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Comment</span></span></div>
</td>
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<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">6/24/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$271.06</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/2/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.003756</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.741600</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.23</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$201.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.934%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7819in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$1.0226
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/3/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$250.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$252.22</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182269</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.923869</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$253.44</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.480%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/18/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$300.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$299.10</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182202</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.106071</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.42</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$303.53</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.459%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/2/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$350.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$343.48</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.186005</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.292076</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$347.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.106%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/16/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$385.57</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.188523</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$265.22</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$392.68</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.812%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/30/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$389.89</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.60</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$397.69</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.961%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7194in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Forgot
to transfer $50</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/3/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$450.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$439.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.187189</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.667788</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$267.11</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$445.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.255%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/12/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$500.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$514.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180734</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.848522</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$511.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.586%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$563.02</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180989</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.029511</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.26</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$560.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.419%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/1/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$548.87</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.009807</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.039318</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$269.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$549.23</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.065%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7819in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$2.6412
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/10/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$600.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$610.45</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.185653</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.224970</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.13</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$605.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.821%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/25/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$650.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$677.15</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.181232</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.406202</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$277.04</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$666.61</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.580%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/17/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$700.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$730.52</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.176610</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.582812</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$286.43</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$739.79</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.254%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/22/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$750.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$776.35</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.175039</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.757851</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$285.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$787.78</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.451%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/6/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$800.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$833.60</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.174435</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.932286</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$289.19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$847.99</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.697%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/20/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$850.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$906.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.169607</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.101893</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$296.30</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$919.09</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.336%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$850.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$906.81</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.014936</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.116829</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$296.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$924.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.931%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7819in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$4.43
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1/3/20</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$900.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$952.86</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.167549</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.269442</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$296.24</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$968.54</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.619%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1/24/20</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$900.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$950.35</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.269442</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$302.03</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$987.47</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-3.759%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7819in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Automatic
transfer didn't happen for some reason</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">3//1/20</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$900.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$874.13</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.269442</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$271.74</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$888.44</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.610%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7819in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Automatic
transfers didn't work. Transferring account to Schwab</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3/6/20</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$150.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$1,050.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$920.11</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.183884</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.453326</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$271.91</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$938.99</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-2.011%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7645in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Schwab
account opened, $150 for missed weeks deposited</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3/13/20</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$1,050.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$837.98</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.016427</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.469753</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$247.64</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$859.25</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-2.475%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7819in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$4.07
VOO dividend received and reinvested</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3/14/20</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$1,100.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$789.61</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.228760</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.698513</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$218.57</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$808.38</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-2.322%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6777in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">All
new deposits go into Schwab account</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3/20/20</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$1,100.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$825.07</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.698513</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$210.74</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$779.42</span></div>
</td>
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<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">5.856%</span></div>
</td>
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<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
</tbody></table>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-81355154375229509922020-03-03T12:04:00.002-05:002020-03-03T12:04:47.276-05:00Fractional Share Trading at Fidelity<br />
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<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I've been a Fidelity
customer for a long time. I've also been looking/hoping for a broker to offer
fractional share trading with limit orders. Until today, I didn't know that being a Fidelity customer and having that wish are not mutually exclusive.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Although it isn't
offered (yet?) on Fidelity's website, fractional share trading has arrived to Fidelity's mobile app. I'm not sure when this happened, as I don't trade as often as I used to,
but this morning I noticed a little banner in the trade screen that said "NEW
Fractional trading available in Quick Ticket."</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<a href="http://3.bp.blogspot.com/-jYai69fGg3w/Xl6NJ34v_hI/AAAAAAAAAg8/pB2-bKihxK0Z6WHEeuQ-dY1wIZs_CcSfwCK4BGAYYCw/s1600/new.jpg" imageanchor="1"><img border="0" height="71" src="https://3.bp.blogspot.com/-jYai69fGg3w/Xl6NJ34v_hI/AAAAAAAAAg8/pB2-bKihxK0Z6WHEeuQ-dY1wIZs_CcSfwCK4BGAYYCw/s320/new.jpg" width="320" /></a></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I clicked on Quick
Ticket and was presented an option to trade in either shares or dollars. Much
to my delight, there was also an order type button for market and limit.</div>
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<br /></div>
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<a href="http://2.bp.blogspot.com/-JI_A8bHIx6k/Xl6LL0dCkWI/AAAAAAAAAf8/7DAggNEkhYsjWAwL-D6Ro0Ywu_xaNaS1wCK4BGAYYCw/s1600/user%2Binterface.jpg" imageanchor="1"><img border="0" height="320" src="https://2.bp.blogspot.com/-JI_A8bHIx6k/Xl6LL0dCkWI/AAAAAAAAAf8/7DAggNEkhYsjWAwL-D6Ro0Ywu_xaNaS1wCK4BGAYYCw/s320/user%2Binterface.jpg" width="200" /></a></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
As a quick test, I
was able to order $10 worth of AMZN at a limit of $1,979.44. The order was filled
at $1,976.66, so I ended up buying 0.005 shares of AMZN for a total outlay of
$9.88.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<a href="http://3.bp.blogspot.com/-FYFOF0g085U/Xl6MBkDgW0I/AAAAAAAAAgY/omiZPhZvpcAzXAe8CrYr9W5AdxbeDFdXACK4BGAYYCw/s1600/amzn%2Bconfirm.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="320" src="https://3.bp.blogspot.com/-FYFOF0g085U/Xl6MBkDgW0I/AAAAAAAAAgY/omiZPhZvpcAzXAe8CrYr9W5AdxbeDFdXACK4BGAYYCw/s320/amzn%2Bconfirm.jpg" width="200" /></a><a href="http://3.bp.blogspot.com/-sqQLzLgWdWk/Xl6MHYgJ0HI/AAAAAAAAAgg/7uW7LTxCMT0VG7-FjDl_BkYGbrRam2G5ACK4BGAYYCw/s1600/amzn2.png" imageanchor="1"><img border="0" height="224" src="https://3.bp.blogspot.com/-sqQLzLgWdWk/Xl6MHYgJ0HI/AAAAAAAAAgg/7uW7LTxCMT0VG7-FjDl_BkYGbrRam2G5ACK4BGAYYCw/s320/amzn2.png" width="320" /></a></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
After a minute of
experimentation, I found out that the minimum order depends on the share price
of whatever you are buying. Fidelity's error message says, "Orders with a
quantity amount in dollars must convert to a minimum of 0.001 shares. That means
the minimum AMZN purchase in dollars, at the share price I ended up paying, was
$1.98. As another example, with AT&T trading at $36.66 per share as I write
this, I can use Fidelity's app to purchase 4 cents worth of AT&T stock!</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<a href="http://1.bp.blogspot.com/-QPCxtKLEeks/Xl6MZjZ2ERI/AAAAAAAAAgw/mWCiRDmWCNg-3aZlZjiv1OstPTKSdmshACK4BGAYYCw/s1600/size%2Blimitation.jpg" imageanchor="1"><img border="0" height="70" src="https://1.bp.blogspot.com/-QPCxtKLEeks/Xl6MZjZ2ERI/AAAAAAAAAgw/mWCiRDmWCNg-3aZlZjiv1OstPTKSdmshACK4BGAYYCw/s320/size%2Blimitation.jpg" width="320" /></a></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
That is really fine
granularity and makes me very happy because you can put pretty much all
available cash to use in most situations.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I wish I'd known about this before I <a href="https://www.slackerwealth.com/2020/03/50-per-pay-check-dividend-portfolio.html" target="_blank">opened a Schwab account</a> (to wait for a similar feature later in the year, no less) to
move the Dividend Portfolio from M1.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Apart from the 0.001
share and having to use the mobile app limitations, the fractional trading
feature only takes day orders. There's no "good till canceled,"
"fill or kill," extended hours, and so on. Perhaps these will be
added as time goes on.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
At the time of
writing, it looks like the only other brokers that have implemented a
fractional trading service with limit orders are Interactive Brokers and Robinhood. I don't have
an Interactive Brokers account, so I don't know how they did it. I have a Robinhood account, but
I am still in line for fractional trading.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Thank you Fidelity!</div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-18860756403218085992020-03-01T11:54:00.001-05:002020-03-01T11:54:50.921-05:00$50 Per Pay Check Dividend Portfolio Update 3/1/2020<br />
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I have been
traveling again lately, which is one of the reasons I haven't posted any
portfolio updates lately. The other reason is that try as I might, my automatic
$50 transfers to M1 Finance have stopped working.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
As I posted in the
last update, for some reason (perhaps user error) my automatic transfer
schedule got deleted. I then had to manually transfer the $50. I set up a new
automatic transfer, which was supposed to send $50 to M1 every other Thursday,
starting that week. Nothing happened that week or the next. There is a pause
button (see below) that I thought may have been activated (am I getting too old
for the user interface?). I changed it to the opposite position in hopes that
that would start the transfers. It didn't.</div>
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<br /></div>
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<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I probably should
have contacted customer support--I still can--but I didn't. This is just the
latest annoyance among others:</div>
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<br /></div>
<ol style="direction: ltr; font-family: Calibri; font-size: 11.0pt; font-style: normal; font-weight: normal; margin-bottom: 0in; margin-left: .375in; margin-top: 0in; unicode-bidi: embed;" type="1">
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;" value="1"><span style="font-family: Calibri; font-family: Calibri; font-size: 11.0pt; font-size: 11.0pt; font-style: normal; font-weight: normal;">Automatic transfers stopped
working and I can't get them to work again.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">The gain/loss figures are
wrong, putting into question the trustworthiness of M1's other numbers.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">The Android app automatically
signs out every two weeks. What is the purpose of the protective pin,
which I have to enter to access the app after I am forced to log in again,
if the app logs out?</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">An account can only have 100
holdings.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">The entire cash balance isn't
invested when trades are made.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">If every holding is at 1%,
there is no way to specify how much of each holding M1 should buy when you
put in new money.</span></li>
</ol>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
So for these
reasons, with the anticipation that Schwab will offer fractional share trading
in the spring, I have applied for a Schwab account. My initial funding will be
the $150 I haven't been able to transfer to M1 the past month and a half.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Once the Schwab
account is open, I will see how to transfer my M1 assets over. Most likely, as
it seems easiest, I will sell everything in the M1 account and fund Schwab with
the same cash value.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Because the account
will only have around $1,000 (unless the market keeps tanking), I won't be able
to replicate the current holdings in M1 until Schwab implements fractional
share trading. I will therefore buy a low cost mutual fund that tracks the Standard
and Poor's 500 (the portfolio benchmark) and keep adding to it with each
additional $50 until fractional share trading is enabled. At that point I will
redo the portfolio based on dividend growth stocks: holdings in the iShares
DGRO ETF that have the highest yields in their sectors plus a few international
stocks and REITs. Depending on how small each holding can be in Schwab, I look
forward to having more than 100 holdings.</div>
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<br /></div>
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<br /></div>
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<tr>
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<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Date</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Investment</span></span></div>
</td>
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<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio Account Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7555in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">VOO Closing Share Price</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Benchmark VOO Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio VS Benchmark</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6763in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Comment</span></span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">6/24/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$271.06</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/2/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.003756</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.741600</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.23</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$201.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.934%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7805in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$1.0226
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/3/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$250.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$252.22</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182269</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.923869</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$253.44</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.480%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/18/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$300.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$299.10</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182202</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.106071</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.42</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$303.53</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.459%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/2/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$350.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$343.48</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.186005</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.292076</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$347.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.106%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/16/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$385.57</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.188523</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$265.22</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$392.68</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.812%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/30/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$389.89</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.60</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$397.69</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.961%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7194in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Forgot
to transfer $50</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/3/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$450.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$439.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.187189</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.667788</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$267.11</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$445.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.255%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/12/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$500.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$514.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180734</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.848522</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$511.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.586%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$563.02</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180989</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.029511</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.26</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$560.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.419%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/1/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$548.87</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.009807</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.039318</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$269.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$549.23</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.065%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7805in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$2.6412
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/10/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$600.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$610.45</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.185653</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.224970</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.13</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$605.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.821%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/25/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$650.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$677.15</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.181232</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.406202</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$277.04</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$666.61</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.580%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/17/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$700.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$730.52</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.176610</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.582812</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$286.43</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$739.79</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.254%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/22/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$750.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$776.35</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.175039</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.757851</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$285.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$787.78</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.451%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/6/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$800.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$833.60</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.174435</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.932286</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$289.19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$847.99</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.697%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/20/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$850.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$906.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.169607</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.101893</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$296.30</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$919.09</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.336%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$850.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$906.81</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.014936</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.116829</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$296.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$924.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.931%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7805in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">1.4285
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1/3/20</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$900.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$952.86</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.167549</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.269442</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$296.24</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$968.54</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.619%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1/24/20</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$900.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$950.35</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.269442</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$302.03</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$987.47</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-3.759%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7805in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Automatic
transfer didn't happen for some reason</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">3//1/20</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7312in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$900.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7506in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$874.13</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7541in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7638in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.269442</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7263in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$271.74</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7229in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$888.44</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8354in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.610%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7805in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Automatic
transfers didn't work. Transferring account to Schwab</span></div>
</td>
</tr>
</tbody></table>
</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-79087142505618730112020-01-26T12:27:00.002-05:002020-01-26T12:32:23.540-05:00$50 Per Pay Check Dividend Portfolio Update 1/24/20<br />
<div style="border-width: 100%; direction: ltr;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 7.3388in;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 7.3388in;">
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
This update is a
week late because I was out of the country and didn't have internet access. If
everything worked correctly, this sentence would be about how because I had set
up automatic transfers, the account would've been funded anyway despite my absence.
I would go on to extol the virtues of modern technology and how it makes life
easier.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
But the $50 transfer
didn't happen.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
It's possible I
canceled it by accident when I opened a new M1 account two weeks ago. I
certainly didn't do it on purpose and suspect that my having applied for M1
Spend had something to do with it (whether I canceled the automatic transfer by
accident or it was canceled as part of activating the Spend feature). I get a
lot of email from M1 Finance, but nothing about the transfer being canceled. (I
also didn't get an email for setting it up, so that doesn't necessarily mean
anything.)</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
For this reason and
other quirks in the past, I will investigate transferring this account to
Schwab, once I see how fractional share purchases work there. In the meantime,
I've reinstated the automatic $50 transfer and will initiate a manual $50
transfer for the missed one in the coming days.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
In other portfolio
news, the portfolio is now very much behind the Standard and Poor's 500 index.
This is possible because the portfolio's weightings and holdings are different
from the index, but when I have some additional time I will investigate further.
From some past issues and the canceled automatic transfer, I have reason to
doubt M1's numbers.<br />
<br />
For example, I transferred a total of $900 to M1. The account value is $945.54 in investments plus $4.81 in cash, for a total of $950.35. That makes for a gain of $50.35. But the gain calculated in the portfolio overview is $52.24. That doesn't make sense to me.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
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<br /></div>
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<br /></div>
<div style="direction: ltr;">
<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #A3A3A3; border-style: solid; border-width: 1pt; direction: ltr;" summary="" title="" valign="top">
<tbody>
<tr>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6736in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Date</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7145in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7361in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio Account Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7555in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7097in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">VOO Closing Share Price</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Benchmark VOO Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio VS Benchmark</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6555in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Comment</span></span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">6/24/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$271.06</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/2/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.003756</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.741600</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.23</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$201.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.934%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$1.0226
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/3/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$250.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$252.22</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182269</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.923869</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$253.44</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.480%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/18/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$300.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$299.10</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182202</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.106071</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.42</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$303.53</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.459%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/2/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$350.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$343.48</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.186005</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.292076</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$347.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.106%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/16/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$385.57</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.188523</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$265.22</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$392.68</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.812%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/30/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$389.89</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.60</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$397.69</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.961%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7194in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Forgot
to transfer $50</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/3/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$450.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$439.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.187189</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.667788</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$267.11</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$445.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.255%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/12/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$500.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$514.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180734</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.848522</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$511.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.586%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$563.02</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180989</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.029511</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.26</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$560.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.419%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/1/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$548.87</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.009807</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.039318</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$269.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$549.23</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.065%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$2.6412
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/10/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$600.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$610.45</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.185653</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.224970</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.13</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$605.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.821%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/25/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$650.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$677.15</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.181232</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.406202</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$277.04</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$666.61</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.580%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/17/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$700.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$730.52</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.176610</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.582812</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$286.43</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$739.79</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.254%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/22/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$750.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$776.35</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.175039</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.757851</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$285.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$787.78</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.451%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/6/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$800.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$833.60</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.174435</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.932286</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$289.19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$847.99</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.697%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/20/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$850.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$906.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.169607</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.101893</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$296.30</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$919.09</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.336%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$850.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$906.81</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.014936</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.116829</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$296.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$924.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.931%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">1.4285
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1/3/20</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$900.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$952.86</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.167549</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.269442</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$296.24</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$968.54</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.619%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1/24/20</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$900.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$950.35</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.269442</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$302.03</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$987.47</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-3.759%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7513in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Automatic
transfer didn't happen for some reason</span></div>
</td>
</tr>
</tbody></table>
</div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-71103750890749415512020-01-05T12:44:00.000-05:002020-01-05T12:44:53.334-05:00The Subtle Art of Not Giving a F*ck<br />
<div style="border-width: 100%; direction: ltr;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 6.534in;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 6.534in;">
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
On a long flight
back in November, I was able to indulge in some reading. I've already shared <a href="https://www.slackerwealth.com/2019/12/reflections-on-wall-street-and-why-greg.html" target="_blank">my thoughts</a> on <i>Why I Left Goldman Sachs</i> by Greg Smith. Another book I enjoyed was
<a href="https://amzn.to/2SQ3Xui" target="_blank">The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a GoodLife by Mark Manson</a>.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<a href="https://www.amazon.com/Subtle-Art-Not-Giving-Counterintuitive/dp/0062457713/ref=as_li_ss_il?ie=UTF8&linkCode=li1&tag=devihobb-20&linkId=e0d634c040d7078496c99de0cf4d485d&language=en_US" target="_blank"><img border="0" src="//ws-na.amazon-adsystem.com/widgets/q?_encoding=UTF8&ASIN=0062457713&Format=_SL110_&ID=AsinImage&MarketPlace=US&ServiceVersion=20070822&WS=1&tag=devihobb-20&language=en_US" /></a><img alt="" border="0" height="1" src="https://ir-na.amazon-adsystem.com/e/ir?t=devihobb-20&language=en_US&l=li1&o=1&a=0062457713" style="border: none !important; margin: 0px !important;" width="1" />
<br />
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The book reminded me
a lot of a typical South Park episode with its timeless nuggets of wisdom surrounded by
crude language and scatological humor.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
As far as self-help
or personal development books go, Manson's is pretty typical. None of the
advice is really counterintuitive, it's only the presentation that is. The
presentation is also the book's chief selling point. I guess it is aimed at an
audience that typically wouldn't read a Brian Tracy or Tony Robins book. At times
I found myself thinking, "this is really good advice. People would take
this a lot more seriously if it didn't have all the fart jokes and four letter
words."</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Then I remembered
that was the entire point. I wouldn't have picked this book up if the title
were "The Subtle Art of Caring About the Important Things and Setting
Realistic Values." That is basically the content of the book. Don't stress
about stupid things. Care about what is important to your life. Life is a
struggle, and overcoming problems is what brings us happiness. It is the
process that's important. Life is suffering. Accept that. The subtle art is choosing the
problems that you deal with and adjusting your values accordingly.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
At one point, Manson compares Pete
Best and Dave Mustaine. Best was kicked of the Beatles just before they made it
big. Dave Mustaine was kicked out of Metallica. Best never became a famous
musician while Dave Mustaine went on to sell millions of records with Megadeth,
but Manson argues that Best has had a much happier life. That's because his
values (having a wife, family, etc) were ultimately different from Mustaine's
(be better than and sell more records than Metallica--I wonder if this is still true after Mustaine
became a born again Christian).</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Manson also talks
about Hiroo Onoda, a Japanese soldier who refused to surrender at the end of
World War II because he was never relieved from duty. He hid in the
Philippine jungle for 29 years, conducting a guerrilla campaign against enemies of the Japanese empire. It's his
values that kept him going in spite of the terrible conditions and hardships that he faced. It's only after
he was found, officially relieved of duty, and toured Japan that he got
depressed. Manson's point is that the process of solving problems and having values to match is a very
powerful thing.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Manson also talks
about the Buddha and many other things. Pretty good for a book riddled with
gratuitous profanity.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
My favorite takeaway
was what Manson got from William James (who went from complete loser to world
renowned philosopher/psychologist): you are responsible for everything that
happens to you. It doesn't matter if something that happened to you isn't your fault.
You are still responsible in how you react to it.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I'm embarrassed to
say that I never thought about responsibility in this way, at least explicitly.
I've always been against the victimhood/I'm oppressed industry, but I never
thought of myself as responsible <span style="font-style: italic;">for everything</span>
that happens to me. My life has improved immeasurably since my thinking on
responsibility has shifted to this more explicit view. That's not something I
expected when I picked up the Subtle Art. Thank you, Mark Manson.</div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-6087698116843041982020-01-05T11:54:00.000-05:002020-01-05T11:54:39.077-05:00$50 Per Paycheck Dividend Portfolio 1/3/20<br />
<div style="border-width: 100%; direction: ltr;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 7.3388in;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 7.3388in;">
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
After another $50
was sent to M1 Finance for the dividend portfolio, as of market close on 1/3/20
the portfolio is worth $952.86. This includes $3.55 in uninvested cash. $900
has been sent to M1 since late June 2019.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
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The same $900
invested into VOO, the Vanguard ETF that tracks the Standard and Poor's 500
index, would be worth $968.54.</div>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Date</span></span></div>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Investment</span></span></div>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Investment</span></span></div>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio Account Value</span></span></div>
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<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Benchmark VOO Shares</span></span></div>
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<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7555in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Benchmark VOO Shares</span></span></div>
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<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7097in;">
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<span style="font-weight: bold;"><span style="font-size: xx-small;">VOO Closing Share Price</span></span></div>
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<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Benchmark VOO Value</span></span></div>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio VS Benchmark</span></span></div>
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<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6555in;">
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Comment</span></span></div>
</td>
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<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">6/24/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$271.06</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
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<br /></div>
</td>
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<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/2/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.003756</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.741600</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.23</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$201.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.934%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$1.0226
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/3/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$250.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$252.22</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182269</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.923869</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$253.44</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.480%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/18/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$300.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$299.10</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182202</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.106071</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.42</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$303.53</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.459%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/2/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$350.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$343.48</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.186005</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.292076</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$347.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.106%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/16/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$385.57</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.188523</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$265.22</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$392.68</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.812%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/30/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$389.89</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.60</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$397.69</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.961%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7194in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Forgot
to transfer $50</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/3/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$450.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$439.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.187189</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.667788</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$267.11</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$445.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.255%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/12/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$500.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$514.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180734</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.848522</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$511.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.586%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$563.02</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180989</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.029511</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.26</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$560.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.419%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/1/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$548.87</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.009807</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.039318</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$269.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$549.23</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.065%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$2.6412
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/10/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$600.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$610.45</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.185653</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.224970</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.13</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$605.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.821%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/25/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$650.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$677.15</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.181232</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.406202</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$277.04</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$666.61</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.580%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/17/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$700.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$730.52</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.176610</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.582812</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$286.43</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$739.79</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.254%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/22/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$750.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$776.35</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.175039</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.757851</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$285.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$787.78</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.451%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/6/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$800.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$833.60</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.174435</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.932286</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$289.19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$847.99</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.697%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/20/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$850.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$906.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.169607</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.101893</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$296.30</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$919.09</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.336%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$850.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$906.81</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.014936</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.116829</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$296.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$924.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.931%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7215in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">1.4285
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1/3/20</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7236in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .734in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$900.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$952.86</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7583in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.167549</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7694in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.269442</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7291in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$296.24</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7256in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$968.54</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8395in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.619%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
</tbody></table>
</div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-80693736533655425462019-12-22T12:33:00.002-05:002019-12-22T12:33:57.432-05:00$50 Per Paycheck Dividend Portfolio 12/20/19<br />
<div style="border-width: 100%; direction: ltr;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 6.7291in;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 6.7291in;">
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
As of market close
on 12/20/19 the $50 per paycheck dividend portfolio was worth $906.81
(including $3.93 in cash). So far, $850 was sent to M1 Finance to invest into
the portfolio.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<a href="http://1.bp.blogspot.com/-DllC8l6Hpw4/Xf-oaXjOjNI/AAAAAAAAAds/mgwFKXabNgc_Dq94B4iBMpUXVMxinzHigCK4BGAYYCw/s1600/m1%2Bdividend%2Bportfolio%2Bupdate%2B12-21-19.png" imageanchor="1"><img border="0" height="332" src="https://1.bp.blogspot.com/-DllC8l6Hpw4/Xf-oaXjOjNI/AAAAAAAAAds/mgwFKXabNgc_Dq94B4iBMpUXVMxinzHigCK4BGAYYCw/s640/m1%2Bdividend%2Bportfolio%2Bupdate%2B12-21-19.png" width="640" /></a></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<a href="http://4.bp.blogspot.com/-MaLX_8LevHM/Xf-oe1wTbvI/AAAAAAAAAd0/MlZUxWnv3MY_WJdMLPc-QWeeo1_U-MZPwCK4BGAYYCw/s1600/m1%2Bdividend%2Bportfolio%2Bupdate%2B2%2B12-21-19.png" imageanchor="1"><img border="0" height="640" src="https://4.bp.blogspot.com/-MaLX_8LevHM/Xf-oe1wTbvI/AAAAAAAAAd0/MlZUxWnv3MY_WJdMLPc-QWeeo1_U-MZPwCK4BGAYYCw/s640/m1%2Bdividend%2Bportfolio%2Bupdate%2B2%2B12-21-19.png" width="574" /></a></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
That same $850
invested in the Standard and Poor's 500 index would be worth $919.09. Over the
last 16 updates, the dividend portfolio has underperformed the Standard and
Poor's index 14 times.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Apart from the
dividend portfolio being a somewhat random collection of stocks, other reasons
for the divergence in returns include:</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<ol style="direction: ltr; font-family: Calibri; font-size: 11.0pt; font-style: normal; font-weight: normal; margin-bottom: 0in; margin-left: .375in; margin-top: 0in; unicode-bidi: embed;" type="1">
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;" value="1"><span style="font-family: Calibri; font-family: Calibri; font-size: 11.0pt; font-size: 11.0pt; font-style: normal; font-weight: normal;">Dividend portfolio is
composed only of stocks that pay dividends (no kidding), while S&P 500
has both dividend and non-dividend paying stocks, including a few big ones
that make up over 9% of its holdings (Amazon, Facebook, Alphabet). Since
late June 2019, the dividend portfolio has collected $9.10 in dividends.
Investing in the S&P 500 via the Vanguard VOO ETF would have garnered
$3.66. This will change the next time VOO pays a dividend, but the
dividend portfolio will still be ahead.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">The dividend portfolio has
international stocks, but the S&P 500 doesn't.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">The market capitalization of
the dividend portfolio is smaller than the S&P because it includes
mid-caps and small-caps while the S&P 500 is a large cap index.</span></li>
</ol>
<div>
<span style="font-family: Calibri;"><span style="font-size: 14.6667px;"><br /></span></span></div>
<div>
<span style="font-family: Calibri;"><span style="font-size: 14.6667px;"><br /></span></span></div>
<div>
<a href="http://2.bp.blogspot.com/-hUhSmOwVDYs/Xf-ouEGYQ6I/AAAAAAAAAd8/MhgfeQWIXTUG4awStmJLgg6pDup04wa3wCK4BGAYYCw/s1600/m1%2Bdividend%2Bportfolio%2Bupdate%2B3%2B12-21-19.png" imageanchor="1"><img border="0" height="592" src="https://2.bp.blogspot.com/-hUhSmOwVDYs/Xf-ouEGYQ6I/AAAAAAAAAd8/MhgfeQWIXTUG4awStmJLgg6pDup04wa3wCK4BGAYYCw/s640/m1%2Bdividend%2Bportfolio%2Bupdate%2B3%2B12-21-19.png" width="640" /></a></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="direction: ltr;">
<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #A3A3A3; border-style: solid; border-width: 1pt; direction: ltr;" summary="" title="" valign="top">
<tbody>
<tr>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Date</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio Account Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">VOO Closing Share Price</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Benchmark VOO Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio VS Benchmark</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6034in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Comment</span></span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">6/24/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$271.06</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/2/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.003756</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.741600</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.23</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$201.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.934%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6034in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$1.0226
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/3/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$250.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$252.22</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182269</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.923869</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$253.44</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.480%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/18/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$300.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$299.10</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182202</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.106071</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.42</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$303.53</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.459%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/2/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$350.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$343.48</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.186005</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.292076</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$347.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.106%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/16/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$385.57</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.188523</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$265.22</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$392.68</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.812%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/30/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$389.89</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.60</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$397.69</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.961%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6034in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Forgot
to transfer $50</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/3/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$450.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$439.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.187189</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.667788</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$267.11</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$445.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.255%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/12/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$500.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$514.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180734</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.848522</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$511.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.586%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$563.02</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180989</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.029511</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.26</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$560.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.419%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/1/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$548.87</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.009807</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.039318</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$269.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$549.23</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.065%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6034in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$2.6412
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/10/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$600.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$610.45</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.185653</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.224970</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.13</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$605.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.821%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/25/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$650.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$677.15</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.181232</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.406202</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$277.04</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$666.61</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.580%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/17/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$700.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$730.52</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.176610</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.582812</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$286.43</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$739.79</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.254%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/22/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$750.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$776.35</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.175039</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.757851</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$285.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$787.78</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.451%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/6/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$800.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$833.60</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.174435</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.932286</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$289.19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$847.99</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.697%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/20/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$850.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$906.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.169607</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">3.101893</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$296.30</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$919.09</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.336%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
</tbody></table>
</div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-19925272309840708832019-12-15T12:31:00.001-05:002019-12-15T12:31:08.713-05:00Reflections on Wall Street and Why Greg Smith Left Goldman Sachs<br />
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I took a couple of
long flights recently and was thus able to get in some junk food reading for
which I usually don't have time. One of the books I read was <a href="https://amzn.to/2DTki8D" target="_blank"><i>Why I Left Goldman Sachs: A Wall Street Story</i></a> by Greg Smith. It was published in 2012, but I think it's timeless in its
description of Wall Street culture.</div>
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<br /></div>
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Greg Smith is from
South Africa. He did really well academically and got a full scholarship to
Stanford. He's also a championship ping pong player. Smith almost made the cut
on getting a Rhodes Scholarship (he claims his love of the United States of
America was unpopular with the selection committee because of the second Iraq
war).</div>
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<br /></div>
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It's probably my own
bias, though I don't think I've ever thought about it until I read this book,
but throughout Smith's book I kept thinking, why is a smart, talented person
like this doing working at a dump like Goldman Sachs and doing a seemingly brainless,
menial job?</div>
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<br /></div>
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So much at Goldman
(and other Wall Street places) is superficial. It began with the interviews,
which Smith said were based mostly on appearance, personality ,and whether
there was chemistry between the interviewer and the interviewee. All of my
cousins work on Wall Street, and I heard the same story over the years about
the various firms.</div>
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<br /></div>
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After being hired,
Smith had to take and pass the Series 7 exam. He worried both about not passing
and doing too well. Passing by a wide margin was almost as bad as failing,
because it indicated that the test taker studied too much. And studying too
much is not a good thing, apparently. This reminded me of one of my cousins not
doing as well as he could in his college courses because, in his words, he
"didn't want to appear like a bookworm" in front of his Wall Street
interviewers.</div>
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<br /></div>
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Prior to passing the
Series 7, both as an intern and then a new hire at Goldman Sachs, Greg Smith
had to find ways to make himself useful, as he couldn't legally deal with
clients. This involved fetching coffee and food. (He was creative enough to
send "what you need to know" emails every morning about the current
market situation.)</div>
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<br /></div>
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My cousins had the
same experience, except they fetched other things as well, including alcohol
and prostitutes for clients. I was surprised by this omission Smith's book.
Perhaps Goldman had higher ethical standards, Smith was never put to the task
and was thus unaware of the practice, or it was left out of the book on
purpose. The progression of the book is how Goldman's culture, once all about
having a great reputation and putting the client first, deteriorated to the
point that a long time employee and "culture carrier" was driven to
quit in disgust. Fetching hookers for clients doesn't fit into that narrative.
(My interpretation is more along the lines of reality gradually smacking the
idealism out of an enthusiastic youth who believed all the Goldman PR. Has the
firm really changed all that much from when it ran a pyramid scheme that
contributed to the Great Depression?)</div>
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<br /></div>
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After Smith passed
the Series 7, he was basically a broker for emerging markets stocks. When this
area stopped being fashionable and people started getting fired, he made a
transition to the derivates desk.</div>
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<br /></div>
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Derivatives can be
very difficult to understand, with lots of moving pieces, complex math, and
nonlinear outcomes. That's not what Smith seems to have been involved in.
Rather, clients called to place vanilla trades--calls, puts, and index
futures--and he forwarded these trades to Goldman's people in the Chicago pits.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Smith's job was to
answer the phone, take the derivative order, confirm the order (e.g., make sure
the client wanted a 100 puts at x strike price and y expiration), then call the
order in to Goldman's men in Chicago to do the trade. Although a lot of money
was involved, this was no different than any fast food worker taking orders
from customers. The only complex part was how to unwind a trade that was made
in error, like when a customer wanted to buy puts but the Goldman rep
accidentally sold them.</div>
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<br /></div>
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I was shocked that
someone could have a base salary of $50k and make bonuses of ten times that
amount to do what high school kids (in states where the minimum wage is low)
are doing at McDonald's and Taco Bell. Perhaps I didn't understand what I was
reading, or Smith omitted a few salient details to keep things simple, but it's
mind boggling that a full scholarship recipient from Stanford that almost
became a Rhodes Scholar did this for a living.</div>
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<br /></div>
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The chief difficulty
of Smith's job was the volume of the calls. When his boss and only other call
taker at the desk took a day off, Smith didn't even have time to go to the
bathroom. Seriously? Why couldn't Goldman hire an extra two or three people,
maybe someone with Pizza Hut experience? Better yet, why not have customers fax
their orders (Smith emphasized the issue of misunderstandings between the
client and Goldman) directly to the pit traders in Chicago? Why was there a
middle man position in the first place?</div>
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<br /></div>
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Now, I understand a
situation where the client wants to accomplish a certain goal (e.g., hedge its
portfolio, bet on some event happening) and asking Goldman for advice on how
best to accomplish it. Dealing with that all day would justify hiring someone with
Smith's talents. But to the best of my understanding, that's not what his job
was--that is something he described others doing poorly (perhaps criminally)
and what was the last straw that made him quit.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Turning to that,
during the last stages of Smith's career at Goldman, he was transferred to
London. Smith claims that while Goldman's American offices also pushed what
they called "elephant" trades (those trades that netted Goldman a
million dollars or more), Goldman's London derivatives people were solely
concerned with that. Smith recalls one of his coworkers bragging and calling
his clients "Muppets."</div>
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<br /></div>
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And Muppets they
were. Smith went through a few examples, but one that struck me was a client
(an institutional investor, perhaps a pension fund) placed an options order.
Then called back because she had made a mistake. She asked Goldman to fix it so
that her boss wouldn't find out. The trouble was, this person didn't seem to
understand anything about options. The mistake she made was in her firm's
favor, and fixing it was to her detriment. Goldman took full advantage of this
client, Smith relates. I wish I was surprised, rather than just dismayed, that
incompetent people staff government entities and other institutions that invest
for workers' retirement.</div>
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<br /></div>
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This last incident,
among a few others, spurred Smith to write an op-ed in the NY Times, titled the
same as his book. He quit the day the op-ed was published.</div>
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<br /></div>
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But really? Even at
the beginning of the book Goldman Sachs stank. The interview process with all
the phony people and all stupid hoops one had to jump through.</div>
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<br /></div>
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Then the dump of a
work space during the internship and real job. Every Wall Street movie portrays
this--a floor crammed with adjoining desks and grimy people shouting
profanities into their phones. Then the interns, in the middle of this zoo,
carrying little stools around so they can sit by one of these screamers and be
"useful." But there's never enough stools, so each morning it's a
race between the interns not to be the last one in. Maybe this only seems like
hell to me because I'd have washed out immediately (if I somehow made it
through the interview process.)</div>
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<br /></div>
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Only a few of the
interns make it to the actual job, because that involves being liked by one of
the heads of the many desks on the chaotic floor. Once you have your own chair
and a two year contract, one of the big bosses comes around and puts his (what
I imagine to be dirty) foot on your desk and his inner thigh (Smith doesn't
mention balls, but they're right there) in your face, asking you about how it's
going. A tad vinegary, sir.</div>
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<br /></div>
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Then you're on the
phone all day with idiot customers. And you're always fretting about your job
being cut, so you're kissing the butt of everyone who might advance your
career, but you can't make it too obvious because no one likes a brownnoser.
All the while people around you are being called into glass offices where you
watch one of the higherups fire them. Then comes bonus day, a happy occasion,
right? Bonus day is the only day of the year at Goldman, Smith says, when you
won't be penalized for going home early to cry.</div>
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<br /></div>
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Then there are all
of the late night social gatherings, in the middle of the week. Where you're
supposed to drink enough to keep up with your boss, but not get so drunk as to
say anything embarrassing. You're also expected to show up on time the next morning,
usually around dawn. Then there are the obligatory trips to strip clubs, much
the same as the above, except you also have a huge bill because one of the
bosses likes you and invites you to the VIP area. Then there's the time when
you're in Vegas, sitting in a hot tub with a beer in your hand, next to a naked
stripper and a couple of your bosses, wondering if you should bring up to one
of them that he drunkenly gave you a thousand dollar casino chip the night
before and whether you should return it.</div>
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<br /></div>
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What a great place
to work!</div>
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<br /></div>
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And what swell
people work there.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The one of two
consistent descriptions Smith has of Goldman employees and interns is that they
are tall. Not one person he mentions stands under six feet. I can attest to
this with all the hedge fund people I've stood next to. Maybe the interviews
are a complete sham, and all they're really doing is measuring prospects'
heights.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The other consistent
description (although this one is implicit and almost certainly unintentional)
is that pretty much everyone at Goldman is a vapid jerk. Also, for some reason,
everyone addresses everyone else as "dude." As in, "dude, you've
made a mistake" or "dude, you're being fired."</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I'm leaning toward
this being part of Smith's writing style rather than how Goldman employees
talk. Regardless, the people just seem so empty, so fake. They act like
stereotypes, and all their actions are based on how they will look to others.</div>
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<br /></div>
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Smith's own tone,
and his descriptions of how he interacts with his girlfriend, parents, and
others, makes him sound like a sanctimonious jerk.* So maybe it's just him and
the lens through which he presents Goldman. I doubt it though, because he's
identical to one of my Wall Street cousins and many of their associates. Or
maybe that's how most people are and I'm on awkward the tail of the social bell
curve. I guess it's a certain type that is drawn to and makes it on Wall
Street. (Incidentally, I've met many of these same people in law school--also
big drinkers.) I think of them as the jocks from the Revenge of the Nerds
movies, but with good grades.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The above rant is
long on accusations and short on examples (because I am having trouble
recalling specifics and have already returned the book to the library), but
that's my overall impression.</div>
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<br /></div>
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One episode that I
do remember is it being close to Rosh Hashanah, the Jewish new year. Some sort
of political event is coming that will move the markets (the TARP vote, I
think). Smith must decide whether he should go to the airport to fly to his
family, or stay at work. He seeks out an observant Jewish (one with a skull
cap) colleague to ask for advice: Dude, should I stay at work or go do this
family/religious thing that might be important to me, but I don't know. Which
will look better?</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Then he does what
his colleague suggests. Does Smith not have his own priorities? He seems to be
concerned only with how his actions will appear to others.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
But back to Goldman
Sachs. Every firm has workplace politics and internecine fighting. But Goldman
has a nastier variety. Not only do people sabotage each other (the interns'
musical chairs was a hint, I guess), it seems it's okay for a higher up (nicknamed
"the black widow") to transfer 15% of her underlings' sales to
herself, which boosts her bonus and lowers theirs. Granted that Smith
experiences the latter towards the end of his tenure, there is so much that is
rotten and nasty at Goldman from his first interview, let alone when he starts
working there.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
All throughout,
Goldman lurches from scandal to scandal. It treats its employees like communist
leaders treat their people, like disposable worker ants. At least ants don't
connive against each other. Then again, ants don't get huge bonuses.</div>
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<br /></div>
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I'd have titled the
book "Why I Never Should Have Worked at Goldman Sachs."</div>
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<br /></div>
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<br /></div>
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* The tone is
remarkably similar to that of the anonymous author in <span style="font-style: italic;"><a href="https://amzn.to/2tdhvoL" target="_blank">A Warning</a></span>. Maybe they have the same ghost writer?</div>
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</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-36440249914870707462019-12-07T11:21:00.000-05:002019-12-07T11:21:23.832-05:00$50 Per Paycheck Dividend Portfolio Update 11/17/19<br />
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With the latest $50
sent to M1 Finance on 12/5/19, a total of $800 has been put to work in the $50
per paycheck dividend portfolio. As of market close on 12/6/19, it is worth
$833.60. This includes $3.88 in uninvested cash.</div>
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<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #A3A3A3; border-style: solid; border-width: 1pt; direction: ltr;" summary="" title="" valign="top">
<tbody>
<tr>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6694in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Date</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6923in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio Account Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7111in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Benchmark VOO Shares</span></span></div>
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<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6805in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">VOO Closing Share Price</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Benchmark VOO Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio VS Benchmark</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6486in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Comment</span></span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">6/24/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$271.06</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/2/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.003756</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.741600</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.23</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$201.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.934%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6486in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$1.0226
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/3/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$250.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$252.22</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182269</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.923869</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$253.44</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.480%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/18/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$300.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$299.10</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182202</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.106071</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.42</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$303.53</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.459%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/2/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$350.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$343.48</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.186005</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.292076</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$347.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.106%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/16/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$385.57</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.188523</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$265.22</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$392.68</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.812%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/30/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$389.89</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.60</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$397.69</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.961%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6388in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Forgot
to transfer $50</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/3/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$450.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$439.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.187189</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.667788</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$267.11</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$445.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.255%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/12/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$500.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$514.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180734</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.848522</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$511.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.586%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$563.02</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180989</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.029511</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.26</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$560.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.419%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/1/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$548.87</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.009807</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.039318</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$269.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$549.23</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.065%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6486in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$2.6412
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/10/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$600.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$610.45</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.185653</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.224970</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.13</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$605.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.821%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/25/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$650.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$677.15</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.181232</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.406202</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$277.04</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$666.61</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.580%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/17/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$700.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$730.52</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.176610</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.582812</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$286.43</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$739.79</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.254%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/22/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$750.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$776.35</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.175039</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.757851</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$285.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$787.78</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.451%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">12/6/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$800.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$833.60</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.174435</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.932286</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$289.19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$847.99</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.697%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
</tbody></table>
</div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-25221587937583623632019-11-28T13:04:00.003-05:002019-11-28T13:04:35.543-05:00You Can't Invest Like Buffett<br />
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
There's no question
that Warren Buffett is one of the most successful investors of all time. But
can individual investors replicate his success?</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
A common view of how
Buffett invests is that he finds a business that is undervalued by
the market, buys a portion of it (or the entire thing), and waits until the
market correctly values or even overvalues the business, or simply collects the cash it
spits out, which he uses to buy other businesses.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
It seems like anyone can do
this. All one needs to do is to learn how to value companies correctly enough
to know when their shares are selling at a deep discount.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
What this rosy
picture leaves out is the many times it was necessary for one of Buffett's
proxies or Buffett himself to get involved directly in the invested company's
management in order to make a profit, or even salvage the investment.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<b>Sanborn Map</b></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The Sanborn Map
Company attracted Warren Buffett's avaricious attention because it held an
investment portfolio that was worth more than Sanborn Map's market capitalization. That is, its assets were worth more than its stock price. It also
had a profitable business of selling very detailed maps to insurance companies.
</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The company was
trading below its liquidation value, even though it had a monopoly on the fire
insurance map business, because insurance companies were gradually doing away
with using maps for their underwriting.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
This was a perfect
"cigar butt" of a stock, good for one last profitable puff and with a
big margin of safety. Any investor could see that while Sanborn Map's business
was declining, the company was worth much more than the market was valuing it.
So, any investor could have bought the shares and made a bunch of money, right?
Not really.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The value Buffett saw in the
company was locked. A regular investor could buy
the stock, but he had no way to unlock that value.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Buffett, on the other hand, had enough money (a substantial portion of his investment partnership's portfolio) to buy enough shares and ally himself
with other shareholders to control around 40% of the Sanborn stock. He was able
to leverage this control to make Sanborn's management spinoff the company's
investment portfolio. Only then was Buffett able to make a profit.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
In other words,
Buffett had to get a controlling share of Sanborn's stock through using his clients' funds and by negotiating with others to force management
to do his bidding to realize any gains. Simply finding and buying a piece of an
undervalued business was not enough.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<b>Solomon Brothers</b></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Buffett invested in
Solomon Brothers with a big margin of safety. All that had to happen for him to
cash in was the investment bank staying in business. Then, a Solomon bond
trader, on a few occasions, submitted false bids at Treasury auctions to get
around auction rules, corner the market, and make a profit by squeezing short
sellers. Upper management covered up this illegal activity.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
When the fraudulent trades were revealed, the only
reason the company didn't go out of business was because Buffett assumed the
Chairman position and basically groveled to government regulators not to let
Solomon fail.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
As with Sanborn Map,
a regular investor wouldn't be able to go this extra mile (or marathon) to save
his investment. And no margin of safety would be big enough to lower the risk.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<b>Berkshire Hathaway's
Many Insurance Companies</b></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
One of the keys to
Buffett's (Berkshire Hathaway's) success is his investing the float from cash
generating businesses in more cash generating businesses, and to
repeat the process over and over. (One of Buffett's earliest implementations of
this idea was with pinball machines. The cash generated by the first pinball
machine was used to buy a second. Then the cash generated by the first two
pinball machines was used to buy a third, and so on.)</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
That's why Buffett
bought so many insurance companies over the years. However, pretty much every
insurance company that he bought got into trouble almost immediately. General
Re is the biggest and possibly the most famous one (it lost billions of dollars),
but most of Buffett's insurance businesses suffered losses as soon as he
purchased them. That he bought them below their intrinsic worth proved an
insufficient margin of safety.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
A regular investor
in these companies would have the choice of selling the stock or waiting it out
in hopes of a turnaround. Thus, a regular investor would lose most or all of
his money by either selling at a loss or holding the stock until the company went
bankrupt.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
But Buffett, in
having bought the companies outright, was able to direct changes, assign
capable people, etc to salvage the businesses and make successes out of
failure.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<b>The Buffalo News</b></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Buffalo NY was a two
newspaper town and Buffett decided to buy one of them. The Buffalo News made
its money with a weekday edition, while its competitor made most of its money
with the Sunday edition. Buffett bought the Buffalo News with a plan to put out
a Sunday edition.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Chaos ensued.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The Buffalo News
became embroiled in a lawsuit, where the judge prevented the paper
from advertising its new Sunday edition. There were also labor strikes. The
paper lost millions of dollars, despite one of Buffett's proxies doing his
best to trim the excess fat off of the company's operations.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
A regular investor
wouldn't be able to weather this storm. Indeed, even Buffett wanted to quit.
But his partner Charlie Munger prevailed. Eventually, an appellate court ruled
in Buffett's favor. Only then did the investment become profitable.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<b>Coca-Cola</b></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Even when Buffett
didn't own the entire company, or a controlling share, he was still able to
enact change. For example, Berkshire Hathaway bought billions of dollars of
Coca-Cola stock, and the investment did very well (partly due to accounting
trickery). When CEO Roberto Goizueta died and was replaced by his protege Douglas Ivester,
who did not do as good a job as his predecessor (because the accounting tricks
were not sustainable), KO stock took a nose dive.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
As in the cases
above, a regular investor could either sell or hold on in the hopes of a
turnaround. Buffett had another option. Although he didn't have a controlling
stake in Coca-Cola, he was able to get together with another board member and
have a secret conversation with Ivester. Soon thereafter, Ivester resigned from
his position as CEO.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Many other examples could be listed, but the point is that even when one follows Buffett's investment philosophy perfectly (like Buffett did), that in no way ensures success. Often times, a much more active approach is needed. Indeed, in many of his more profitable investments, Buffett resembled Carl Icahn a lot more than Warren Buffett the passive investor. And being Carl Icahn is a lot more different and more difficult than being a passive investor.</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-85237857761982328872019-11-24T12:32:00.001-05:002019-11-24T12:32:23.506-05:0011-24-19 $50 Per Paycheck Dividend Portfolio<br />
<div style="border-width: 100%; direction: ltr;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 6.9138in;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 6.9138in;">
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Fifty more dollars
were sent off to the dividend portfolio. Not much has changed since the last
update, which was only a week ago (because that update was late).</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
(Also, I am working on other content apart from these updates, but that is much slower going.)</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The one thing of
interest is how the portfolio went from outperforming the Standard and Poor's
500 index by 1.5% the week of 10/25/19 to underperforming it by the same
margin. That's a pretty large swing.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
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<br /></div>
<div style="direction: ltr;">
<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #A3A3A3; border-style: solid; border-width: 1pt; direction: ltr;" summary="" title="" valign="top">
<tbody>
<tr>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6694in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Date</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6923in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio Account Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7111in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6805in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">VOO Closing Share Price</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Benchmark VOO Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio VS Benchmark</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6486in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Comment</span></span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">6/24/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$271.06</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/2/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.003756</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.741600</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.23</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$201.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.934%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6486in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$1.0226
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/3/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$250.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$252.22</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182269</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.923869</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$253.44</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.480%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/18/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$300.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$299.10</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182202</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.106071</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.42</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$303.53</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.459%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/2/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$350.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$343.48</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.186005</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.292076</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$347.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.106%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/16/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$385.57</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.188523</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$265.22</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$392.68</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.812%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/30/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$389.89</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.60</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$397.69</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.961%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6388in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Forgot
to transfer $50</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/3/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$450.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$439.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.187189</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.667788</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$267.11</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$445.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.255%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/12/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$500.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$514.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180734</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.848522</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$511.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.586%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$563.02</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180989</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.029511</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.26</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$560.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.419%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/1/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$548.87</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.009807</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.039318</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$269.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$549.23</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.065%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6486in;">
<div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$2.6412
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/10/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$600.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$610.45</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.185653</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.224970</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.13</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$605.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.821%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/25/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$650.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$677.15</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.181232</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.406202</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$277.04</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$666.61</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.580%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/17/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$700.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$730.52</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.176610</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.582812</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$286.43</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$739.79</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.254%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6888in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/22/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6979in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7013in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$750.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7076in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$776.35</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7083in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.175039</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7118in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.757851</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$285.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6986in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$787.78</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7923in;">
<div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.451%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .534in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
</tbody></table>
</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-518782295471256232019-11-17T12:46:00.000-05:002019-11-17T12:47:06.989-05:00$50 Per Paycheck Dividend Portfolio Update 11/17/19<br />
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Despite my
traveling, having limited internet access, and forgetting all about it, on
11/7/19 $50 was sent to M1 Finance for the dividend portfolio. I'll repeat
myself: automate everything you can. It makes life so much easier.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
So far $700 has been
sent to M1 since late June 2019. The account's value as of market close on
11/15/19 is $730.52, which includes $3.57 in cash. Investing the same $700 into
Vanguard's VOO ETF would be worth $739.79. The dividend portfolio is once again
lagging its Standard and Poor's 500 benchmark.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
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Lots of dividends
were received since the last update. See the screenshot below for details.</div>
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Below I am including
screenshots of the portfolio's 100 holdings, organized by sector. As a
reminder, most of the holdings were selected by their membership in iShares'
DGRO ETF (dividend growth stocks), filtered by having a dividend yield 2.5% or
higher at the time of selection.</div>
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At the time of
portfolio construction, M1 limited accounts to <a href="https://support.m1finance.com/hc/en-us/articles/220988808-Editing-Custom-My-Pies-" target="_blank">100 individual holdings.</a> You can
get around this by setting up more than one account, but I didn't do this
because it would add too much complexity to this project. If and when M1 allows
for more than 100 holdings per account, I will likely add additional stocks to
it.</div>
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For added
diversification, I also added a few international dividend paying companies.
The selections were not purely random. Rather, I selected them based on having
heard of them. I don't believe in stock research because even if you have all
the information available, the future is not predictable. All research does is
waste one's time. (But what about Warren Buffett? I shall write a post on that
at some point in the near future.)</div>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Date</span></span></div>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Investment</span></span></div>
</td>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Investment</span></span></div>
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<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7361in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio Account Value</span></span></div>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Benchmark VOO Shares</span></span></div>
</td>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Benchmark VOO Shares</span></span></div>
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<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7104in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">VOO Closing Share Price</span></span></div>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Benchmark VOO Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio VS Benchmark</span></span></div>
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<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6555in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Comment</span></span></div>
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<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">6/24/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
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<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$271.06</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000%</span></div>
</td>
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<br /></div>
</td>
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<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/2/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.003756</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.741600</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.23</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$201.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.934%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$1.0226
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/3/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$250.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$252.22</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182269</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.923869</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$253.44</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.480%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/18/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$300.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$299.10</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182202</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.106071</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.42</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$303.53</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.459%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/2/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$350.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$343.48</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.186005</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.292076</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$347.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.106%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/16/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$385.57</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.188523</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$265.22</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$392.68</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.812%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/30/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$389.89</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.60</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$397.69</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.961%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7194in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Forgot
to transfer $50</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/3/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$450.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$439.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.187189</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.667788</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$267.11</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$445.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.255%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/12/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$500.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$514.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180734</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.848522</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$511.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.586%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$563.02</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180989</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.029511</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.26</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$560.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.419%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/1/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$548.87</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.009807</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.039318</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$269.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$549.23</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.065%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7215in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$2.6412
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/10/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$600.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$610.45</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.185653</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.224970</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.13</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$605.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.821%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/25/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$650.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$677.15</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.181232</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.406202</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$277.04</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$666.61</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.580%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">11/17/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7243in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7347in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$700.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7555in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$730.52</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7597in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.176610</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7694in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.582812</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7298in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$286.43</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7256in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$739.79</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .8402in;"><div style="color: black; font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.254%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
</tbody></table>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-24826848298731468322019-10-26T10:23:00.000-04:002019-10-26T10:23:08.866-04:00$50 Per Paycheck Dividend Portfolio Update 10/24/19<br />
<div style="border-width: 100%; direction: ltr;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 5.8402in;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 5.8402in;">
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Fifty more dollars
were sent to M1 Finance on 10/24/19 for the dividend portfolio. So far, $650
has been sent over and as of market close on 10/25/19, the account is worth
$677.15. The account total includes $3.52 in invested cash that hasn't been invested.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-size: 11pt;">The same $650
invested in VOO, the Vanguard ETF that tracks the S&P 500, would be worth
$666.61.</span></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-size: 11pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://1.bp.blogspot.com/-ZJORiJrkPvI/XbRV2-QU9sI/AAAAAAAAAaY/EbSUb5Z7adkS9c6PUg-Upj_tD3bCJOIQACLcBGAsYHQ/s1600/m1%2Bdividend%2Bportfolio%2Bupdate%2B2%2B10-24-19.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="704" data-original-width="1313" height="342" src="https://1.bp.blogspot.com/-ZJORiJrkPvI/XbRV2-QU9sI/AAAAAAAAAaY/EbSUb5Z7adkS9c6PUg-Upj_tD3bCJOIQACLcBGAsYHQ/s640/m1%2Bdividend%2Bportfolio%2Bupdate%2B2%2B10-24-19.png" width="640" /></a></div>
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<span style="font-size: 11pt;"><br /></span></div>
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<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://1.bp.blogspot.com/-GOw5vgIQuv8/XbRV9tR_5aI/AAAAAAAAAac/n-eXmbg9mR85I0XTekKPNowJ6PGYWHrPwCLcBGAsYHQ/s1600/m1%2Bdividend%2Bportfolio%2Bupdate%2B3%2B10-24-19.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="870" data-original-width="1317" height="422" src="https://1.bp.blogspot.com/-GOw5vgIQuv8/XbRV9tR_5aI/AAAAAAAAAac/n-eXmbg9mR85I0XTekKPNowJ6PGYWHrPwCLcBGAsYHQ/s640/m1%2Bdividend%2Bportfolio%2Bupdate%2B3%2B10-24-19.png" width="640" /></a></div>
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<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The dividends
received after the last update include payments from Cisco Systems, Total (with
tax paid to France), Axis Capital Holdings, Realty Income Corporation,
Occidental Petroleum, National Fuel Gas Company, Leggett & Platt, BCE Inc
(with tax paid to Canada), and Schluberger.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://1.bp.blogspot.com/-MBEIS_UtT48/XbRWDsT_UfI/AAAAAAAAAag/Wo_SWJX66d8xiCjR7saqFrJ3OfqMkEbugCLcBGAsYHQ/s1600/m1%2Bdividend%2Bportfolio%2Bupdate%2B4%2B10-24-19.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="981" data-original-width="1302" height="482" src="https://1.bp.blogspot.com/-MBEIS_UtT48/XbRWDsT_UfI/AAAAAAAAAag/Wo_SWJX66d8xiCjR7saqFrJ3OfqMkEbugCLcBGAsYHQ/s640/m1%2Bdividend%2Bportfolio%2Bupdate%2B4%2B10-24-19.png" width="640" /></a></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Taxes on dividends
have never made sense to me because dividends come from already taxed money,
but that's the nature of the investing game. Again, a reminder for American
investors: if you invest in foreign stocks for the dividends instead of the
potential capital gains, consider buying them in a taxable account so that you
can deduct or get a credit for the foreign taxes you pay. Holding the foreign
stocks in your IRA won't stop the foreign countries from taxing you, and you
won't be able to get some money back when you file your American taxes.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
My next portfolio
update would normally be posted on 11/9/19, but I'll be out of the country so I
might not have time to do so. However, $50 more will go to M1 because it's
automatic. Automate everything you can to make your life easier and yourself
more productive. We live in a great time for this sort of thing. In the past,
you'd have to pay someone to do the necessary things for you that weren't worth
your time. Now it's just a few clicks in a browser or an app and you're set.</div>
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
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<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #A3A3A3; border-style: solid; border-width: 1pt; direction: ltr;" summary="" title="" valign="top">
<tbody>
<tr>
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<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Date</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio Account Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6673in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">VOO Closing Share Price</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Benchmark VOO Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio VS Benchmark</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6034in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Comment</span></span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">6/24/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$271.06</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7715in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/2/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.003756</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.741600</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.23</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$201.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7715in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.934%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6034in;">
<div style="font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$1.0226
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/3/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$250.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$252.22</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182269</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.923869</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$253.44</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7715in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.480%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/18/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$300.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$299.10</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182202</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.106071</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.42</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$303.53</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7715in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.459%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/2/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$350.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$343.48</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.186005</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.292076</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$347.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7715in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.106%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/16/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$385.57</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.188523</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$265.22</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$392.68</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7715in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.812%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/30/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$389.89</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.60</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$397.69</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7715in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.961%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6034in;">
<div style="font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Forgot
to transfer $50</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/3/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$450.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$439.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.187189</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.667788</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$267.11</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$445.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7715in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.255%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/12/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$500.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$514.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180734</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.848522</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$511.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7715in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.586%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$563.02</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180989</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.029511</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.26</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$560.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7715in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.419%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/1/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$548.87</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.009807</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.039318</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$269.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$549.23</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7715in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.065%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6034in;">
<div style="font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$2.6412
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/10/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$600.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$610.45</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.185653</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.224970</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.13</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$605.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7715in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.821%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/25/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$650.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$677.15</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.181232</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.406202</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$277.04</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$666.61</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7715in;">
<div style="font-family: Calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.580%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .5in;">
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</td>
</tr>
</tbody></table>
</div>
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; margin: 0in;">
</div>
<div style="font-family: Calibri; margin: 0in;">
<br /></div>
</div>
</div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-69465610973414429622019-10-20T10:45:00.002-04:002019-10-20T10:45:54.466-04:00What Fractional Share Trading Coming to Schwab Might Mean<br />
<div style="border-width: 100%; direction: ltr;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 5.8506in;">
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<a href="https://www.slackerwealth.com/2019/10/winners-and-losers-from-traditional.html" target="_blank">Last week</a> I
mentioned that the next innovation I was waiting for from traditional discount
brokers, after commissions have gone to zero, is fractional share trading with
limit orders. Not long after, in an interview with the <a href="https://www.wsj.com/articles/schwab-in-bid-for-younger-clients-to-allow-investors-to-buy-and-sell-fractions-of-stocks-11571334424" target="_blank">Wall Street Journal</a>,
Charles R. Schwab said his eponymous brokerage will soon offer fractional share
trading.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
It's not yet clear
if this will involve limit orders or if it'll be like what Sharebuilder offered
so many years ago and what M1 Finance similarly offers today: you can buy
fractional shares of a stock or ETF, but you can't set the price per share
(limit order) that you are willing to pay. Rather, Sharebuilder and, to a
lesser extent M1, let you specify the dollar amount, like when buying a mutual
fund. How many fractional shares you would get, and at what price, was up in
the air.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Just in case it's
not clear, fractional share trading is being able to buy less than a whole
share of a stock or ETF. For example, let's say stock XYZ trades around $1,000
per share but you only have $250 to invest.</div>
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<br /></div>
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With a traditional
broker, you wouldn't be able to invest in XYZ unless its price per share
dropped and/or you scraped together enough money to buy one share.</div>
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<br /></div>
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In the Sharebuilder
of old, on the other hand, you would put in an order for XYZ and specify that
you wanted to use your $250. On the following Tuesday, at some point in the
day, Sharebuilder would get you $246 worth of XYZ, with $4 going to
Sharebuilder as the commission fee. If XYZ traded at $1,005.25 at the time of
purchase, you would get 0.2447 shares of XYZ. As another example, if XYZ traded
at $995.73 at the time of purchase, you would get 0.247 shares instead.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
You couldn't control
how much you paid per share or how many shares you would get, but it was better
than not being able to invest at all. Sharebuilder, which was owned by ING, was
sold to Capital One, which then sold it to E*Trade, and this kind of fractional
share purchasing became extinct.</div>
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<br /></div>
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Then, M1 Finance
came along with a very similar service, the differences being no commissions
and your purchase is made the same day your funds are deposited (provided the
stock market is open). The major difference is the way the M1 portfolio is
structured (as pies and slices), but the end result is pretty much the same in
terms of not being able to specify an exact price or time that you want to buy
a fractional share of a stock or ETF. With Sharebuilder you could specify at
what price you wanted to sell your shares. M1 doesn’t have that option (because
it's a different kind of service. It's not for traders. M1 makes automatic long
term accumulation easy, as well as rebalancing your holdings.)</div>
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<br /></div>
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If Schwab (and
subsequently all the other brokers that may follow) offers something similar,
it will certainly be a blow to M1 because competitors will offer a similar
service, but it won't be that special. If, however, Schwab lets investors buy
fractional shares while specifying a price for each fractional share, that will
be a game changer:</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
In the example
above, where you have $250 and XYZ trades around $1,000 per share, you would be
able to specify at what price of XYZ you want to invest your $250. So, you can
set a limit order for $990 per share for 0.2525 shares. If XYZ trades down to
$990, you'll get the 0.2525 shares. If XYZ stays above $990, your trade won't
execute.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
What I like about
this is that you can use your entire investable amount (you should be able to
do this with M1, but my dividend portfolio always has an unused cash balance).
You're not leaving any funds in the low interest cash sweep vehicle that the broker
offers. And it's not just for investors that don't have enough funds to afford
one share or a stock or ETF.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Suppose you have
$10,000 to invest and you want to put it in VOO, the Vanguard ETF that tracks
the Standard and Poor's 500 index. Let's say you want to buy VOO at $273.69
(that was the ETF's closing price on 10/18/19). In the current, still
traditional, environment, you would set a limit order for 36 shares at $273.69
per share. When the order is executed, you would have 36 shares of VOO, worth
$9,852.84 and a $147.16 cash balance. If you want to invest that $147.16, you
would have to find some other stock or ETF, but you wouldn't be able to put it
into VOO.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
But, if Schwab
offers fractional share trading with limit orders, you would be able to buy
36.5377 shares of VOO at $273.69 per share. Your entire $10,000 would be
invested without any crumbs being left over.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
To reiterate, that's
two advantages: 1) being able to invest your entire cash amount and 2) being
able to specify the price per share that you want to invest at.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
What this allows you
to do is to own indexes without having to pay any fees whatsoever (apart from
the time it takes you to set up the orders). That is, you can buy all the
components of the Standard and Poor's 500 (or the DOW, Nasdaq, etc) without
having to go through a fund. You can also make your own index of stocks if you
want, and have all your cash invested.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The possibilities of
what you can do are endless. For example, a traditional stock index might have
businesses in it that you don't want to invest in because the companies'
policies, products, etc (weapons, oil, animal testing, animal products,
alcohol, tobacco, doing business with certain countries, and so on) go against
your beliefs. With fractional share purchases, you can buy all the components
of a broad market index but leave out the offending businesses. That way you
can stay diversified while being spiritually happy.</div>
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You can already do
this with M1, but you are limited to 100 holdings per portfolio. I presume that
Schwab won't limit the number of individual holdings you can have. There are
also funds that already do this, but they charge a fee and you may still disagree
with some of their holdings.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
If you do it on your
own, you have full control. And, if limit orders are available, you can specify
the exact price you want to pay for each business.</div>
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Obviously this can
make things very complicated (or not--how long before brokers offer a "build your own ETF" service?--for example, Fidelity already has basket trading), but investors who want to have a simple one or
two fund portfolio still have that option.</div>
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Again, it's not
clear whether this is what Schwab will offer, but I am excited that it will be
because of all the possibilities. We will see over the coming weeks and months.
And we'll see what Schwab's competitors offer to keep up.</div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-45935989578838412372019-10-13T13:04:00.001-04:002019-10-13T13:04:25.460-04:00Winners and Losers from Traditional Discount Brokers Going Commission Fee Free<div style="border-width: 100%; direction: ltr;">
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Fidelity, TD
Ameritrade, E*TRADE, Schwab, Interactive Brokers (for their lowest tier), and
Firstrade have all now eliminated commissions on stock and ETF trades. A big
thank you to disruptors like Robinhood for forcing the bigger firms down to
zero.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
In general, this is
great news for investors. Saving on fees isn't the only benefit. Now that the
brokers can't compete on price, they'll have to compete on services and other
offerings. This should lead to better platforms and various innovations. (I am
waiting for fractional share purchases with limit orders.)</div>
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<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Another benefit is
that investors will be able to buy better ETFs. For example the recent
commission free ETF offerings at E*TRADE and TD Ameritrade haven't been that
great, with mostly thinly traded and relatively more expensive ETFs.</div>
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It was better than
nothing. But now that every ETF has no fees to buy, investors can pick the best
ETF that suits their needs. In other words, Vanguard and iShares should see
inflows while SPDRs, the various JP Morgan ETFs, and others (and perhaps WisdomTree)
might see outflows. This may also lead to innovations by the more expensive ETF
families, as they won't be able to attract investors by being commission free
at certain brokers.</div>
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Is there a downside
for mom and pop investors?</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Investors could be
harmed by zero commission fees in at least two ways. First, not having to pay
any commissions could encourage more trading. The more you trade, the more
likely it is that you'll lose money.</div>
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Second, the brokers
that derive more of their revenue from trading fees (E*Trade, for example,
derives 17% of its revenue from trading commissions and this is supposed to go
down to 10% as a result of zero fees on stocks and ETFs) might go bust or be
weakened enough to be bought by a larger player. Moreover, brokers like
Robinhood might have a harder time in attracting new clients, as no commissions
has been their primary selling point--the traditional discount brokers offer a
lot more products and services. This may also result in some firms going bust
or being bought out. If either scenario happens (bankruptcy or sale), there
would be less competition and therefore less innovation.</div>
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We shall see how all
this plays out. In the meantime, enjoy your commission free trading!</div>
</div>
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</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-21147920847083422462019-10-12T12:01:00.001-04:002019-10-12T12:03:23.185-04:00$50 Per Paycheck Dividend Portfolio Update 10/11/19<br />
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With an additional
$50 automatically sent to M1 Finance, $600 has been invested in the $50 per
paycheck dividend portfolio so far.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
As of market close
on 10/11/19, the account value was $610.45, which included $3.44 in cash that
M1's algorithms were unable to invest. The same $600 invested in the Standard
and Poor's 500 index, as measured by the Vanguard ETF VOO (yes, I've changed the
benchmark from SPY), would be worth $605.48.</div>
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<a href="https://1.bp.blogspot.com/-j2q8xOBs2l0/XaH4kXlfY5I/AAAAAAAAAaE/7P7sXfcdT7g7jAi2iueUwdiH9Qcr-67lwCLcBGAsYHQ/s1600/m1%2Bdividend%2Bportfolio%2Bupdate%2B10-12-19.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="718" data-original-width="1327" height="346" src="https://1.bp.blogspot.com/-j2q8xOBs2l0/XaH4kXlfY5I/AAAAAAAAAaE/7P7sXfcdT7g7jAi2iueUwdiH9Qcr-67lwCLcBGAsYHQ/s640/m1%2Bdividend%2Bportfolio%2Bupdate%2B10-12-19.png" width="640" /></a></div>
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<a href="https://1.bp.blogspot.com/-Zd68SChxYHE/XaH4qWZ_QxI/AAAAAAAAAaI/RYFSM3xPeBExVU8hoel3FpmGzcon4UDLACLcBGAsYHQ/s1600/m1%2Bdividend%2Bportfolio%2Bupdate%2B2%2B10-12-19.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="827" data-original-width="1336" height="396" src="https://1.bp.blogspot.com/-Zd68SChxYHE/XaH4qWZ_QxI/AAAAAAAAAaI/RYFSM3xPeBExVU8hoel3FpmGzcon4UDLACLcBGAsYHQ/s640/m1%2Bdividend%2Bportfolio%2Bupdate%2B2%2B10-12-19.png" width="640" /></a></div>
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<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Since inception in
late June 2019, the portfolio has received $3.75 in dividends. The latest batch
came from GlaxoSmithKline, Community Bank System, Illinois Tool Works, China
Mobile, Johnson Controls, Kennedy-Wilson Holdings, South Jersey Industries, Prosperity
Bancshares, MDU Resources Group, Coca-Cola, Brown Forman, Wyndham Destinations,
and Public Service Enterprise Group.</div>
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<br /></div>
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<a href="https://1.bp.blogspot.com/-McBImQ5WSMM/XaH4cw4PBHI/AAAAAAAAAaA/pZIhO9RMh2gt2KpukrhcckRAWPkUXFG6ACLcBGAsYHQ/s1600/m1%2Bdividend%2Bportfolio%2Bupdate%2B3%2B10-12-19.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1068" data-original-width="1251" height="546" src="https://1.bp.blogspot.com/-McBImQ5WSMM/XaH4cw4PBHI/AAAAAAAAAaA/pZIhO9RMh2gt2KpukrhcckRAWPkUXFG6ACLcBGAsYHQ/s640/m1%2Bdividend%2Bportfolio%2Bupdate%2B3%2B10-12-19.png" width="640" /></a></div>
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Per M1, the
portfolio's dividend yield is 3.648%. I haven't found a good way to share the
portfolio's holdings, but you can explore with this <a href="https://m1.finance/FJIa72WOu" target="_blank">link</a>.</div>
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If you're looking at
the screenshot above and are wondering what the negative $0.01 dividend is from
China Mobile, that's a foreign tax payment. If you invest in foreign dividend
paying stocks, be sure to check if they have taxes automatically taken out. If
they do, you may want to lower the market yield by the tax rate to get a better
idea of what your actual dividend rate will be from the stock.</div>
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<br /></div>
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If you invest in
individual foreign stocks that have automatic withholdings from their
dividends, you may consider holding them in a regular, taxable account instead
of an IRA. That's because when you file your taxes, you can usually deduct or
get a credit for the foreign tax paid. Paying the foreign tax in your IRA
doesn't give you that option. (You may also consider the price appreciation
potential of the foreign stock. If you ever sell it at a profit, you won't pay
any capital gains taxes in an IRA, but you will in a taxable account. Investing
is always full of tradeoffs.)</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Two weeks ago I
considered changing the portfolio benchmark from the State Street SPY ETF to
Vanguard's VOO because of the long lag between SPY going ex-dividend and
actually paying out the dividend. Since I had some time, I've switched the
benchmark to VOO for easier future recordkeeping.</div>
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<br /></div>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Date</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio Account Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Benchmark VOO Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">VOO Closing Share Price</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Benchmark VOO Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio VS Benchmark</span></span></div>
</td>
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<span style="font-size: xx-small; font-weight: bold;"><span style="font-size: xx-small;">Co</span>mment</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">6/24/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.737844</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$271.06</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;"><div style="font-family: calibri; margin: 0in;">
<span style="font-size: xx-small;"><br /></span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/2/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$200.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.003756</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.741600</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.23</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$201.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.934%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6034in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$1.0226
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/3/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$250.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$252.22</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182269</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.923869</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$253.44</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.480%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;"><div style="font-family: calibri; margin: 0in;">
<span style="font-size: xx-small;"><br /></span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">7/18/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$300.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$299.10</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.182202</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.106071</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$274.42</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$303.53</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.459%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;"><div style="font-family: calibri; margin: 0in;">
<span style="font-size: xx-small;"><br /></span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/2/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$350.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$343.48</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.186005</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.292076</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.81</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$347.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.106%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;"><div style="font-family: calibri; margin: 0in;">
<span style="font-size: xx-small;"><br /></span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/16/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$385.57</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.188523</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$265.22</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$392.68</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.812%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;"><div style="font-family: calibri; margin: 0in;">
<span style="font-size: xx-small;"><br /></span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">8/30/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$400.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$389.89</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.000000</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.480599</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$268.60</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$397.69</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.961%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6034in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Forgot
to transfer $50</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/3/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$450.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$439.89</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.187189</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.667788</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$267.11</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$445.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-1.255%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;"><div style="font-family: calibri; margin: 0in;">
<span style="font-size: xx-small;"><br /></span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/12/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$500.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$514.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180734</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">1.848522</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.65</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$511.39</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.586%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;"><div style="font-family: calibri; margin: 0in;">
<span style="font-size: xx-small;"><br /></span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">9/27/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$563.02</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.180989</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.029511</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$276.26</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$560.67</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.419%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;"><div style="font-family: calibri; margin: 0in;">
<span style="font-size: xx-small;"><br /></span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/1/19</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$0.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$550.00</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$548.87</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.009807</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.039318</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$269.32</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$549.23</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">-0.065%</span></div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6034in;"><div style="color: black; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">$2.6412
dividend received and reinvested into VOO</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">10/10/19</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$50.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$600.00</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$610.45</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.185653</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">2.224970</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$272.13</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6868in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">$605.48</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7715in;"><div style="color: black; font-family: calibri; margin: 0in; text-align: right;">
<span style="font-size: xx-small;">0.821%</span></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .5in;"><div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</td>
</tr>
</tbody></table>
</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-33152306243533615762019-10-06T12:19:00.001-04:002019-10-27T12:21:02.503-04:00Don't Be Like Warren Buffett<br />
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I've been enthralled
in <span style="font-style: italic;"><a href="https://amzn.to/2oezBox" target="_blank">The Snowball</a></span>, Alice Schroeder's
excellently written biography of Warren Buffett. It's the second Buffett book
I've ever tried, the first being <span style="font-style: italic;"><a href="https://amzn.to/2p1cvSh" target="_blank">University ofBerkshire Hathaway</a></span> by Daniel Pecaut and Corey Wrenn,* which should have
been called "Love Letters to Warren" or something similar.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
In both books,
despite the effusive praise by Pecaut, Buffett comes off as a self-righteous,
didactic miser, and a hypocrite, which is completely different from how he is usually portrayed
in the media. Schroeder's more measured descriptions were "cop,"
"preacher," and "tightfisted." Charlie Munger, who
obviously has a prominent part in both books, comes off much the same, except
he's also rude. At one point a depiction of Buffett and Munger on the stage at
a Berkshire Hathaway shareholder meeting reminded me of the two Ferengi, Kol
and Arridor, in the <span style="font-style: italic;">Star Trek Voyager</span>
episode "False Profits" (check it out if you have a chance).</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Now that I've
offended all of the Buffett fans….</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
We humans tend to
have a groupie mentality. By that I mean, when someone is great at something we
start acting like they're great at everything. We start to idolize them, and
they can do no wrong.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Warren Buffett's
investing record is one of the best, if not the best, in history.
Unsurprisingly, people ask him for advice about all manner of things outside
the investing realm.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
But we should
remember, as Nietzsche once observed, "If one has become a master in one
thing, one has generally remained, precisely thereby, a complete dunce in most
other things." This is quite true of Warren Buffett.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Rather than asking
for advice, it might be useful to look at other aspects of Buffett's life and
see what lessons there are waiting to be learned.<br />
<br />
Warren Buffett the Hypocrite<br />
<br />
Warren Buffett has advocated and lobbied for more taxes on the rich and against the elimination of the estate tax at least since the early 2000s. He frames it as a moral issue, and often brings up the unfairness of his secretary paying a higher tax rate than he does.<br />
<br />
At the same time, Buffett pays the least amount of taxes that he can. If he thinks the rich should pay more, why doesn't he? There's nothing stopping him from doing so. And if he thinks it's immoral to pay less, then he is immoral. It's like someone saying that eating meat should be illegal while they're choosing on a steak. When asked why they're eating meat despite thinking it's wrong, they say, "well, the government didn't ban it."</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Warren Buffett the
Miser</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Much has been
written about how humble Buffett is. The fact that he has lived in the same
house (which he bought for $31,500) since 1958 is probably Buffett admirers'
favorite example. (There's also how he doesn't upgrade his car very often, or
that he spends under $4 for breakfast at McDonald's.)</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Buffett may be
humble, but his living in a house that is a tiny fraction of his net worth is
not evidence for his humbleness. Rather, it's a prime example of his
tightfistedness. If it were up to Buffett, he would be a renter all his life.
It was his wife that ultimately prevailed upon him to buy the house. In
Buffett's mind, that $31,500 could've been worth much more if invested
properly. In buying the house, not only was he paying with present day dollars,
he was also paying with all the future dollars that sum would generate. In
buying the house, that $31,500 was doomed to lie fallow. Soon after he bought the house, he complained to a golfing partner that it cost him $300,000.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The collection of
money is Buffett's ultimate goal. It is an end in itself. Buffett says money is
just a way of keeping score, but it seems to be a lot more than that. No matter
how much money he had, he either didn't have enough, or there weren't any good
businesses to buy, or he didn't have enough again. It is like filling a
bottomless hole.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Tony Robbins talks
about the difference between monetary and true wealth. Money is a vehicle, not
the solution. Money can help with happiness and having a full life, but it
doesn't guarantee it. Despite Buffett having a huge net worth, he doesn't
strike me as being very happy outside his work. He's always trying to fill a
hole.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Buffett really
enjoyed his work (collecting money), but his obsession seems to have caused a
deprivation in other, perhaps more important, aspects of his life. He was an
absentee father to three children. Even when being with them, his mind was
elsewhere--thinking of ways to make money. His marriage fell apart (though it
didn't end in divorce), with his wife moving to San Francisco to be with her
tennis coach. Even the dog moved out and went to live with friends.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
It was only after
his marriage fell apart that Buffett started to lessen his miserliness.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Some things that
stood out for me:</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<ul style="direction: ltr; margin-bottom: 0in; margin-left: .375in; margin-top: 0in; unicode-bidi: embed;" type="disc">
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: "calibri"; font-size: 11.0pt;">Buffett wants to be liked by others. He might like it even more than money, which is why he paid for a Dale Carnegie course. His public persona, therefore, is not necessarily what he's really like.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: "calibri"; font-size: 11.0pt;">Buffett's daughter once asked
him for a loan. He told her to go to the bank.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: "calibri"; font-size: 11.0pt;">Buffett's sister asked for
help to avoid bankruptcy and losing her house. Buffett cut off all
communications. He eventually ended up giving her an advance on her inheritance from their late father.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: "calibri"; font-size: 11.0pt;">As a teenager Buffett stole
golf balls from Sears. Lots of golf balls.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: "calibri"; font-size: 11.0pt;">Buffett likes to "Tom
Sawyer" people into doing things for him.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: "calibri"; font-size: 11.0pt;">Buffett liked to
"Buffett" people--the practice of bidding for a stock, and when
the bid is accepted, lowering his bid. And when the lower bid is accepted,
lower his bid some more. Then one time, the CEO of Berkshire Hathaway
tried to "Buffett" Buffett by lowering his tender offer for the
Berkshire shares that Buffett owned. Buffett got so upset at getting a
taste of his own medicine that he bought more shares and eventually took control of the company. In more
recent times he's said that buying Berkshire was a mistake.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: "calibri"; font-size: 11.0pt;">Buffett lusted after an insurance company, but the owner didn't want to sell. Buffett learned that once or twice a year the guy would get frustrated and want to get rid of his company. Buffett recruited a spy to let him know when this happened. When it did, Buffett put in a bid and the guy agreed to sell. When the guy came to his senses, Buffett didn't let him back out of the deal. In a twist, the guy used his sales proceeds to buy Berkshire stock.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: "calibri"; font-size: 11.0pt;">Buffett was obsessed with his
family's weight and provided financial incentives for them weighing under
what he thought was too much. To keep his own weight under control, he
gave his children an unsigned check for $10,000, which he would sign if he
went over his goal weight. They tempted him with ice cream and other junk
food, but his love of money was greater than the temptation.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: "calibri"; font-size: 11.0pt;">Buffett is allergic to
penicillin. He had taken some and his finger was starting to swell. He
gradually got worse and worse, but refused to go to the hospital (because
that cost money, per my understanding). He almost died.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: "calibri"; font-size: 11.0pt;">Charlie Munger described
Buffett's business strategy as buying a business, taking out all the cash,
and raising prices. If that doesn't work, Buffett doesn't know what to do.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: "calibri"; font-size: 11.0pt;">Buffett burns out his
employees. He hires the bare minimum and then uses what he learned from
Dale Carnegie (assigning work with complements like "you're so smart,
it'll be easy for you to have this for me by tomorrow morning") to
make them work as hard as possible. His protégé felt under so much
pressure that he quit his job and cut off all ties with the Buffetts.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: "calibri"; font-size: 11.0pt;">After his divorce, Charlie
Munger tried to find a new wife by searching through court records for
recently widowed women. </span></li>
</ul>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
*The book is
essentially a republication of Pecaut's newsletters to his clients, which
summarize Berkshire's annual shareholder meetings. It provides an interesting
perspective because all the meetings are described one after the other without
you having to wait a year in between each. The most inspirational thing that I
learned was that you can get most of your predictions wrong and still be a
billionaire.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
** One may question,
"and who are you to write any of this?" That's a great point. But if
someone can't anonymously throw rocks in glass houses, what is the internet
for?</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-85939119976813316102019-09-28T12:09:00.000-04:002019-09-29T08:16:42.906-04:00$50 Per Paycheck Portfolio Update 9/28/19<br />
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Another $50 was
automatically sent to M1 Finance on 9/26/19 for the $50 per paycheck portfolio.
$550 has be sent so far. The portfolio's value as of market close on 9/27/19 is
$563.02, which includes $3.75 in cash that M1's algorithms were unable to invest.
Since late June, the dividend portfolio has collected $3.12 in dividends, per
M1.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
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<a href="https://1.bp.blogspot.com/-HGSzWsV3waE/XY-FfD_1tnI/AAAAAAAAAZo/XZgRRKcvih0amBfH9SwiOzgxVkaCZn3mACLcBGAsYHQ/s1600/m1%2Bfinance%2Bdividend%2Bportfolio%2Bupdate%2B3%2B9-28-19.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1079" data-original-width="1266" height="544" src="https://1.bp.blogspot.com/-HGSzWsV3waE/XY-FfD_1tnI/AAAAAAAAAZo/XZgRRKcvih0amBfH9SwiOzgxVkaCZn3mACLcBGAsYHQ/s640/m1%2Bfinance%2Bdividend%2Bportfolio%2Bupdate%2B3%2B9-28-19.png" width="640" /></a></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Investing the same
amount into SPY, an ETF that tracks the Standard and Poor's 500 index, over
the same period would be worth $551.48 in invested funds with a $2.35 dividend
payment due on 10/31/19, for a total of $553.83. </div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
For benchmarking
purposes, $2.35 will be "reinvested" at the market closing price on
10/31/19. I haven't yet figured out how to include the dividend in the tracking
sheet between the ex-dividend and payment dates. Leaving it alone and reinvesting
on the payment date (what I plan to do until I change the benchmark the a more friendly ETF--more on this below) will make it look like the dividend
portfolio is doing $2.35 better than it actually is.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
One option is to
"reinvest" the SPY dividend on the ex-dividend date. I think that's
what all the investment calculators do when they display the data with
dividends reinvested (or they use the adjusted close data for the same purposes). Another option is
to adjust the dividend portfolio value down by the $2.35. I'm hesitant to add
additional columns because the ones currently displayed barely fit. I'm sure
there are better ways, but I don't have too much time to think about it right
now. So, as I'm a slacker, I'll leave it as is and for a month every quarter
there will be greater comparison error between the dividend portfolio and SPY than there otherwise would have been.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: calibri; margin: 0in;">
<div style="font-size: 11pt;">
When I have more
time and the inclination, I will redo the benchmark as the VOO ETF, which is
Vanguard's version of SPY. It has a lower expense ratio (though there's not
much difference when you're under one tenth of one percent) and, more
importantly, the payment date is much sooner after the ex-date than SPY's. I
guess that's another example of the difference between a fund company owned by
its shareholders and one that isn't. Thank you Jack Bogle.</div>
<div style="font-size: 11pt;">
<br /></div>
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<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #A3A3A3; border-style: solid; border-width: 1pt; direction: ltr;" summary="" title="" valign="top">
<tbody>
<tr>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .668in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Date</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6979in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio Account Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7027in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Benchmark SPY Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7048in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Benchmark SPY Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6763in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">SPY Closing Share Price</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Benchmark SPY Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .702in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio VS Benchmark</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6555in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small; font-weight: bold;"><span style="font-size: xx-small;">Com</span>ment</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6875in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
6/24/19</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$200.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6979in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$200.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .702in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$200.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7027in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.681107</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7048in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.681107</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6958in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$293.64</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$200.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7868in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.000%</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6875in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
7/3/19</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6979in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$250.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .702in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$252.22</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7027in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.167336</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7048in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.848443</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6958in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$298.80</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$253.51</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7868in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
-0.511%</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6875in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
7/18/19</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6979in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$300.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .702in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$299.10</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7027in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.167320</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7048in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
1.015763</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6958in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$298.83</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$303.54</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7868in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
-1.463%</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6875in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
8/2/19</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6979in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$350.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .702in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$343.48</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7027in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.170870</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7048in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
1.186633</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6958in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$294.62</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$349.61</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7868in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
-1.752%</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6875in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
8/16/19</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6979in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$400.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .702in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$385.57</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7027in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.173124</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7048in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
1.359757</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6958in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$288.81</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$392.71</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7868in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
-1.818%</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6875in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
8/30/19</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$0.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6979in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$400.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .702in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$389.89</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7027in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.000000</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7048in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
1.359757</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6958in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$292.45</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$397.66</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7868in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
-1.954%</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;"><div style="font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">Forgot
to transfer $50</span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6875in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
9/3/19</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6979in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$450.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .702in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$439.89</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7027in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.171945</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7048in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
1.531702</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6958in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$290.74</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$445.33</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7868in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
-1.221%</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6875in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
9/12/19</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6979in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$500.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .702in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$514.39</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7027in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.165915</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7048in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
1.697617</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6958in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$301.36</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$511.59</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7868in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.547%</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6875in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
9/20/19</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$0.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6979in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$500.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .702in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$512.13</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7027in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.000000</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7048in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
1.697617</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6958in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$298.28</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$506.37</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7868in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
1.138%</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;"><div style="font-family: Calibri; margin: 0in;">
<span style="font-size: xx-small;">SPY
went ex-dividend of $1.384 per share or $2.35. This will be reinvested on
10/31/19 when the dividend is paid out</span></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6875in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
9/27/19</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6979in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$550.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .702in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$563.02</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7027in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
0.169262</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7048in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
1.866879</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6958in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$295.40</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6951in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
$551.48</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .7868in;"><div style="font-family: Calibri; font-size: 11pt; margin: 0in; text-align: right;">
2.093%</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .534in;"><div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</td>
</tr>
</tbody></table>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-83296734737232740262019-09-22T13:37:00.001-04:002019-09-22T13:37:47.740-04:00How I Float<br />
<div style="border-width: 100%; direction: ltr;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 6.5805in;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 6.5805in;">
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
You may have heard
that one of Warren Buffett's great innovations was that he used float to
increase his investment returns. You may also have heard that people who use
their credit cards to spend more per month than the sum of their paychecks
"are floating." But what is float?</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
In the most basic
sense, float refers either to obligated money you have on hand now that doesn't
have to be repaid immediately or to the grace period between now and when the
repayment is due.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Warren Buffett
bought a bunch of insurance companies (and other, similar businesses, like Blue Chip Stamp Co), which collected premiums from their
customers but didn't necessarily have to pay out on the insurance policies in
the immediate future or ever (very few insurance customers experience an event
they're insuring against--like death or property damage--as soon as they buy the insurance; this often comes much later and sometimes never). He used this money
to invest, so it became, in effect, an interest free margin loan.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Most Americans do
something similar with their credit cards and other loans: they buy stuff to
use immediately but make minimum payments every month. They don't pay the full
amount until well into the future.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
There's a difference
between the two examples of using float. In the first, Warren Buffett used it
to get rich. In the second, most Americans use float to become poor. That's why
financial gurus like Dave Ramsay recommend that all your purchases be in cash.
In other words, don't use float at all.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<i>How to Avoid
Misusing Float if You Decide to Use It</i></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
In everything below
I assume that paying interest on consumer debt is bad. If your credit card
charges you interest, please do your best to pay off the entire balance every
month. If you can't pay off your entire balance every month, stop using the
credit card for any new purchases. This post is not really for you.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Now, if you're one
of those people who likes to safely squeeze out every last cent from every last
dollar and/or are a sucker for no APR offers, read on.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I get no APR credit
card offers in the mail all the time. You might too. Similar terms are offered
on furniture and other purchases. The offers are usually for 12 to 15 months,
where as long as you make the minimum payment every month, the lender doesn't
charge you any interest for the offer period.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I take advantage of
these for large expenditures. For example, I recently opened a Fidelity credit
card (administered by Elan, a US Bank company) to take advantage of the $150
bonus, 2% cash back, and no APR for 12 months to buy a new notebook computer that
cost $1,500.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I have the entire
$1,500 available to buy the computer with cash. I parked that money in a CD (a
high yield savings account is the option I'll discuss below), and will make $30
per month in minimum payments for the next 11 months. For the 12th payment a year
from now, I will pay off the entire remaining balance of $1,170. The end result
will be that I paid $1,290 for the computer, minus the taxes that I'll pay on
the interest I earned: $1,500 purchase price minus $150 card opening bonus
minus $30 cashback rewards minus $30 interest earned.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The $30 interest is
the profit that I made off of the float, with minimal extra risk.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
But let's say I
didn't have the entire $1,500 on hand when I bought the computer. Here's how I
would use float to get ahead rather than fall behind. Use this method if you
are a sucker for no APR offers and inadvertently end up carrying high interest
loans.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<ol style="direction: ltr; font-family: Calibri; font-size: 11.0pt; font-style: normal; font-weight: normal; margin-bottom: 0in; margin-left: .375in; margin-top: 0in; unicode-bidi: embed;" type="1">
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;" value="1"><span style="font-family: Calibri; font-family: Calibri; font-size: 11.0pt; font-size: 11.0pt; font-style: normal; font-weight: normal;">I take the purchase price and
divide it by the number of no APR months. So, for example, if the no APR
offer is for 12 months, divide the purchase price by 12. If the offer is
for 13 months, divide the purchase price by 13, and so on.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">I take the result of the
purchase price divided by the number of no APR months and pretend that is
the minimum monthly payment I must pay.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">If I can't make the minimum
monthly payment in #2 above, I don't make the purchase.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">If I can make the minimum
payment and decide to make the purchase, I open or reuse a high yield
online savings account and deposit the minimum monthly payment derived in
#2 into the account every month.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">I make the actual minimum
monthly payment that the credit card is charging me from the high yield
savings account* for the entire no APR period--except for the last month,
in which I pay off the remainder of the credit card balance.</span></li>
</ol>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
My savings account
will have a balance remaining when the last credit card payment has been made.
That's my profit from the float, the interest I earned on money that was
obligated to my credit card company.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
So, my notebook
computer purchase would go like this:</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<ol style="direction: ltr; font-family: Calibri; font-size: 11.0pt; font-style: normal; font-weight: normal; margin-bottom: 0in; margin-left: .375in; margin-top: 0in; unicode-bidi: embed;" type="1">
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;" value="1"><span style="font-family: Calibri; font-family: Calibri; font-size: 11.0pt; font-size: 11.0pt; font-style: normal; font-weight: normal;">Divide $1,500 purchase price
by the 12 month no APR offer to get $125.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">$125 per month is the
mandatory minimum payment for this laptop.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">I have $125 a month available
in my budget.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Open a Capital One 360
Performance Savings, Discover, Markus, American Express, Ally, or some
other high yield online savings account and deposit $125 per month.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Pay the credit card $30 per
month out of the savings account for the first 11 months and $1,170 on the
12th month.</span></li>
</ol>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The end result is
the credit card is fully paid off. I've paid no interest. At the end, the
savings account balance is $7.88 if we assume a 1.5% interest rate (at the time
of writing 2% is available, but going forward rates may be lower).</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="direction: ltr;">
<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #A3A3A3; border-style: solid; border-width: 1pt; direction: ltr;" summary="" title="" valign="top">
<tbody>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 2.127in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Purchase
Price</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8305in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$1,500 </div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 2.127in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in;">
No
Interest Offer Length</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8305in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in;">
12
Months</div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 2.127in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7611in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 2.127in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Pretend
Minimum Payment</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8305in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$125 </div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 2.1465in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Minimum
Credit Card Payment</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8111in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$30 </div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 2.127in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7611in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 2.0423in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in;">
High
Yield Savings Interest</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .9152in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
1.50%</div>
</td>
</tr>
</tbody></table>
</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="direction: ltr;">
<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #A3A3A3; border-style: solid; border-width: 1pt; direction: ltr;" summary="" title="" valign="top">
<tbody>
<tr>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Month</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.7097in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Deposit into Savings Account</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0541in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Pay Credit Card</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.2576in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Credit Card Balance</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0555in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Interest Earned</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6423in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Balance</span></span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
1</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.7097in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$125.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0541in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
-$30.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.2576in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1,470.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0555in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$0.12</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6659in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$95.12</div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
2</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.7097in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$125.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0541in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
-$30.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.2576in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1,440.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0555in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$0.24</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7048in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$190.36</div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
3</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.7097in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$125.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0541in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
-$30.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.2576in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1,410.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0555in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$0.36</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7048in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$285.71</div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
4</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.7097in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$125.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0541in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
-$30.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.2576in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1,380.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0555in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$0.48</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7048in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$381.19</div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
5</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.7097in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$125.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0541in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
-$30.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.2576in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1,350.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0555in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$0.60</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7048in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$476.78</div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
6</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.7097in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$125.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0541in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
-$30.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.2576in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1,320.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0555in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$0.71</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7048in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$572.50</div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
7</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.7097in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$125.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0541in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
-$30.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.2576in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1,290.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0555in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$0.83</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7048in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$668.33</div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
8</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.7097in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$125.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0541in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
-$30.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.2576in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1,260.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0555in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$0.95</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7048in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$764.29</div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
9</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.7097in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$125.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0541in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
-$30.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.2576in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1,230.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0555in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1.07</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7048in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$860.36</div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
10</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.7097in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$125.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0541in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
-$30.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.2576in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1,200.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0555in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1.19</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7048in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$956.56</div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
11</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.7097in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$125.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0541in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
-$30.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.2576in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1,170.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0555in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1.31</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7201in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$1,052.87</div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6673in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
12</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.7097in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$125.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0541in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
-$1,170.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.2576in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$0.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: 1.0555in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$0.01</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6277in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: center;">
$7.88</div>
</td>
</tr>
</tbody></table>
</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
That $7.88 profit
doesn't seem worth the trouble. That's true, if you look at it in isolation.
But look at the bigger picture. That $7.88 was generated entirely from someone
else's money, and with very little additional risk. The debt is fully paid off,
and without any outflowing interest. Moreover, the $7.88 in profit can add up
if you replicate this process over time for all your large purchases. For
example, I use this method to pay for my vacations and any other large bills.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Also, if you think
about it, there are a lot of expenses that we will be obligated to pay in the
future. These include but are not limited to holiday and birthday gifts,
vacations, tuition, car repairs, wardrobe changes, house repairs (roof, water
heater, HVAC), vet visits,** and so on. Some of these have fixed due dates
while others are more like the insurance policies Warren Buffett will have to
pay out in the future.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
If you estimate the
cost of all of these future expenses, estimate when they are due, and put the
"mandatory minimum payments" into an interest bearing savings account
(or a bond or stock index fund for the expenses that come due in five years or
more and you are willing to take on the extra risk for potentially greater
rewards) the chances are high that when you've paid all your bills you'll have
a good sum of money left over in your accounts.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
* Federal law limits
savings accounts to six withdrawals per month. The example above involves only
one withdrawal per month. Nevertheless, if you want to be safer at the cost of
earning less interest, you can deposit only the difference between the pretend
minimum payment and the actual minimum payment, and keep the funds for the
actual minimum payment in your regular checking account. Suppose your pretend
minimum payment is $125 and the actual minimum payment charged by the credit
card is $30. You would then keep the $30 in your checking account, and pay the
credit card from there. You would deposit the $95 difference into the savings
account. You would make the final lump sum payment out of your savings account.
Another option is to open multiple online savings accounts. Many of the online
banks let you have more than one savings account per login, and setting them up
is very fast and easy. But beware that the more accounts you have, the harder
it can be to manage everything. Also note that once an obligation is paid off,
the same savings account can be used for a new obligation.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
** I have sickly
cats (of the rescue variety) and, after reading the many horrible pet insurance
reviews, chose to self-insure. Every month I pay a premium into a savings
account I've called the "Cat Float." I determined the premium by
going to a pet insurance website and getting a quote (but rather than paying
the insurer, I pay myself). When the cats go for their checkups, get their
inoculations, and have the occasional emergency, I pay out of this account.***
This has worked very well over the last four years.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
*** Actually, I pay
the vet with a credit card, which I pay with this account. An extra month of
interest is better than one less month of interest.</div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-9163292803307898612019-09-15T09:16:00.001-04:002019-09-15T09:16:29.557-04:00$50 Per Paycheck Dividend Portfolio Update 9/12/19<br />
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Another $50 was sent
to M1 Finance to fund the $50 per paycheck dividend portfolio on Thursday
9/12/19. This time the transfer was automatic. Going forward I won't have to
remember to send the money every two weeks. Hopefully I won't forget to post
updates.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
As of market close
on 9/12/19, the account value was $514.39. This included $4.17 in cash. Per M1,
the portfolio has earned $2.54 in dividends so far.</div>
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The financial news,
like all news, is always hyping up some trivial event that supposedly foretells
the end of life as we know it. In the past few days the talking heads and
article writers took a break from freaking out about the inverted yield curve
and trade wars to hyperventilate about how value stocks started outperforming
their growth counterparts.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I don't know if it
means anything or even if it's true, but I'll go with value stocks
outperforming as the explanation for the dividend portfolio outperforming the
Standard and Poor's 500 for the first time since it was started. (It is also
showing a gain over the amount invested for the first time.) Is it a freak
occurrence? A fluke? Or the beginning of a trend? Only time will tell.</div>
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<br /></div>
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<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #A3A3A3; border-style: solid; border-width: 1pt; direction: ltr;" summary="" title="" valign="top">
<tbody>
<tr>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .668in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Date</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6909in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio Account Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Benchmark SPY Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Benchmark SPY Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6708in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">SPY Closing Share Price</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Benchmark SPY Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .609in;">
<div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio VS Benchmark</span></span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
6/24/19</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$200.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6909in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$200.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$200.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.681107</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.681107</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6902in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$293.64</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$200.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .609in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.000%</div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
7/3/19</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6909in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$250.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$252.22</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.167336</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.848443</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6902in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$298.80</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$253.51</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .609in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
-0.511%</div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
7/18/19</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6909in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$300.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$299.10</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.167320</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
1.015763</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6902in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$298.83</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$303.54</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .609in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
-1.463%</div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
8/2/19</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6909in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$350.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$343.48</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.170870</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
1.186633</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6902in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$294.62</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$349.61</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .609in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
-1.752%</div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
8/16/19</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6909in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$400.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$385.57</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.173124</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
1.359757</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6902in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$288.81</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$392.71</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .609in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
-1.818%</div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
8/30/19</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$0.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6909in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$400.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$389.89</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.000000</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
1.359757</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6902in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$292.45</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$397.66</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .609in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
-1.954%</div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
9/3/19</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6909in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$450.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$439.89</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.171945</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
1.531702</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6902in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$290.74</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$445.33</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .609in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
-1.221%</div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6868in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
9/12/19</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6909in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$500.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$514.39</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6923in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.165915</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .693in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
1.697617</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6902in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$301.36</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .6895in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$511.59</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 4pt 4pt 4pt 4pt; vertical-align: top; width: .609in;">
<div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.547%</div>
</td>
</tr>
</tbody></table>
</div>
<br /></div>
</div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-53755908679543959602019-09-07T11:10:00.001-04:002019-09-07T11:10:43.202-04:00Saving Money without a Budget<br />
<div style="border-width: 100%; direction: ltr;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 6.109in;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 6.109in;">
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Having a budget is
one of the best ways to save money because it is a plan for every dollar you
have coming in and going out. But not many people enjoy budgeting. It can be
time consuming, tedious, and boring. It can be stressful. And once a budget is
set up it can be hard to follow through, which causes more stress and anxiety.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
That's why most
people don't budget. Instead, the most they do is check their bank balance
before making a purchase.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
What usually ends up
happening is once a paycheck is deposited, the person starts making purchases
and right before the next paycheck the bank account hovers near zero. The next
paycheck comes in and the process repeats. Little to no money is ever saved,
despite the best of intentions and self-promises to try to save more.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
If that's a
description of your situation, here's a simple way to pay yourself first.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<ol style="direction: ltr; font-family: Calibri; font-size: 11.0pt; font-style: normal; font-weight: normal; margin-bottom: 0in; margin-left: .375in; margin-top: 0in; unicode-bidi: embed;" type="1">
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;" value="1"><span style="font-family: Calibri; font-family: Calibri; font-size: 11.0pt; font-size: 11.0pt; font-style: normal; font-weight: normal;">Open an online savings
account* (must be a different bank from your regular spending account, so
you don't check your savings balance as often) and have your paycheck
direct deposited there instead of your checking account (regular spending
account). </span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Schedule an automatic
transfer to your regular spending account that coincides with your
paycheck deposit clearing date.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Make the transfer amount 90%
of your paycheck.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Don't look at your savings
account balance and proceed as you always did in your spending habits out
of your spending account.</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Voila, you are saving 10% of
your net pay with little extra effort.</span></li>
</ol>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
It may feel like you
have less money the first couple of paychecks. Pretend that there's a new tax
that made your paycheck 10% smaller. In a month or two you'll get used to it.
If you're like most people, you don't need or use half of the stuff you buy. So
you won't really be giving up anything.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
One might wonder,
why not have the money deposited into the regular spending account and then
transfer the savings to the savings account? Similarly, if the employer's
direct deposit supports it, why not direct deposit into both the savings and
regular checking account?</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The answer is that
we want the amount going into the spending account to always be the same. That
way, any raises and bonuses that you get are automatically saved and you avoid
lifestyle creep.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Lifestyle creep is
an increase in one's spending that comes with an increase in salary. People
live paycheck to paycheck when they make $50k a year. Even if they<span style="mso-spacerun: yes;"> </span>get a bunch of raises and make $100k a year,
they still live paycheck to paycheck. It's like their salary doesn't really
matter. We always find ways to spend the entire paycheck, no matter how large
it is.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
If you're used to
spending a certain amount per month, there's no reason to increase your
spending if you get a raise. It won't make you any happier. Save the difference
instead, pay yourself the entire raise. You deserve it.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
* It's a personal
preference, but I would recommend online savings banks from the more
traditional financial institutions (Discover, American Express, Goldman Sachs,
Ally, Capital One 360, etc) versus the new fintech ones (Wealthfront Cash,
SoFi, Digit, Simple, etc) even though the new fintech banks offer higher
interest rates and oftentimes more features. I've used Discover for a while and
have had no problems. I use Wealthfront Cash as well, but this is for a part of
my emergency fund (call it my emergency fund's emergency fund).</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I would hesitate to
implement the direct deposit scheme outlined above with a fintech bank because
most of them aren't really banks. Institutions like SoFi and Wealthfront have
agreements with real banks and act sort of as intermediaries. As a result there's
a lot more moving parts and more chances of things going wrong. And if things
do go wrong, there's less customer support people to help you. There have been
numerous cases of people having their SoFi accounts frozen because of some
algorithm being triggered with no help from the fintech institution's customer
support.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
That doesn't mean
you'll have a bad experience with fintech or a good experience with a more
traditional financial institution. I just think you're less likely to have a
smooth process with a new company that has less support, more moving parts, and
what is essentially a minimum viable product (that will improve over time).
That said, fintech is a great place to earn higher interest on money
you don't need immediately.</div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-14695889997667310002019-09-02T07:28:00.001-04:002019-09-02T07:28:06.795-04:00How I Get at Least 3% Cash Back on Almost Everything I Buy<br />
<div style="border-width: 100%; direction: ltr;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 4.4854in;">
<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 4.4854in;">
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I used to use the
Chase Amazon, Freedom, and Freedom Unlimited exclusively. Now I only use the
Freedom on occasion, when its quarterly 5% category is something that I buy.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
That's because I've
discovered six credit cards that give 3% or more cash back on pretty much every
purchasing category. Five of them are from Bank of America, and one is from
American Express.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-style: italic;">3% Back on Online Purchases, Dining, Travel, and Gas</span></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Bank of America has
five cash back credit cards that have the same reward structure:</div>
<ul style="direction: ltr; margin-bottom: 0in; margin-left: .375in; margin-top: 0in; unicode-bidi: embed;" type="disc">
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Bank of America Cash Rewards</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Susan G. Komen Cash Rewards</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">MLB</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">World Wildlife Fund</span></li>
<li style="margin-bottom: 0; margin-top: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">US Pride</span></li>
</ul>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The cards earn 2%
back on grocery store and wholesale club purchases and 3% back on one category
of your choice from gas, online shopping, dining, travel, drug stores, and home
improvement on your first $2,500 purchases each quarter. Purchases in other categories
(and when you go over the $2,500 on groceries and your 3% category in the
quarter) give you 1% cash back.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I have four of the
cards, and for each one I've chosen a different category, so that I'm getting
3% back on gas, online shopping, dining, and travel. Note that the online
shopping category applies to pretty much everything you buy online. So, for
example, you don't need an Amazon card to get 3% back for shopping at Amazon.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
None of these cards
have an annual fee. At the time of writing, if you spend $1,000 with a Bank of
America card within the first three months, you'll get $200 back.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-style: italic;">3% Back on Groceries</span></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The American Express
Blue Cash Everyday gives 3% back on up to $6,000 in grocery purchases per year.
It also earns 2% at US gas stations and some department stores, and 1%
everywhere else.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
At the time of
writing, the American Express card has an account opening bonus of $150 or $200
(depending on which page you landed on--if the offer is $150, try a different
browser or clear your cookies and refresh) after you spend $1,000 in the first
three months. There is no annual fee.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-style: italic;">5% back on Christmas Presents</span></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The Discover<span style="mso-spacerun: yes;"> </span>It Cash Back card and the Chase Freedom
return 5% on categories that change every quarter. In the past few years one of
them has had 5% at Amazon in the October through December quarter, where I end
up doing all my Christmas shopping. This year, Discover is set to offer 5% back
at Amazon, Walmart, and Target in the last quarter of the year.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-style: italic;">5% Off at Target</span></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I use the Target
card at Target stores and at Target online. There is no cash back. Instead, 5%
is taken off the total bill at check out. Using the Target card for online
purchases also gives you free shipping.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-style: italic;">5% of Ground Transportation and Miscellaneous</span></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The US Bank Cash+
card provides 5% cash back on a lot of narrow categories, from which you must
choose quarterly. These include TV and internet, fast food, cell phone
providers, department stores, home utilities, some clothing stores, electronics
stores, sporting goods stores, movie theaters, gyms, furniture store, and
ground transportation.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-weight: bold;">How I Use the Cards</span></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
By default, I use
the American Express card for groceries, and the Bank of America cards for each
of the categories that I chose.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I use the Discover
and the Chase Freedom instead of the American Express of Bank of America cards
for whichever category gives the 5% back . I use the Target card at Target.
Finally, I use the US Bank Card to pay the internet bill.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I've set up all of
the cards to have the full balance paid automatically every statement period. I
go over all the purchases in Personal Capital when I monitor my budget every
two weeks.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin-left: .375in; margin: 0in;">
<br /></div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-91443868488299046772019-08-31T10:31:00.000-04:002019-08-31T10:31:44.375-04:00$50 Per Paycheck Dividend Portfolio Update 8/31/19<br />
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I forgot to send the
$50 to M1 Finance this week, so there have been no new investments in the $50
per paycheck dividend portfolio. I will initiate the transfer today (Saturday),
and the next series of purchases will most likely occur on Tuesday, 9/3/19,
when the US stock market opens after the long Labor Day weekend.</div>
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<br /></div>
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The lesson here is
that automation always beats manually doing things, because automated things
get done whether you remember to do them or not. This is of utmost importance
for most people when it comes to saving. The best way to pay yourself first is
to have the money taken directly out of your paycheck. If that option is not available, the second best way is
to have it automatically debited from the account in which your paycheck is
deposited. Otherwise, you run the risk of forgetting or being tempted to use
the money for something else.</div>
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The $50 going into
the dividend portfolio hasn't been automated up to this point because M1 didn't
offer a biweekly funding option. However, there have been additional
improvements to the platform since the last portfolio update, and now there is
a biweekly option. I've signed up for it, so we'll see how that goes.</div>
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As of market close
on 8/30/19, the account's value was $389.89. This includes $4.18 in cash. Per
the M1 dashboard, the portfolio has earned $1.82 dividends since it was started
in late June. The latest dividends have come from Simon Property Group, BOK Financial,
Fastenal, Caterpillar, Westamerica Bancorporation, and Clorox. They are
laughably small--in the pennies! But we'll see how they increase over time as
more funds are added to the portfolio and (hopefully most of) the companies raise their
dividends. That's the point of this project: to see what 50 dollars a paycheck
can grow into over time and the income it can produce. Maybe it'll be a
moderate success or a colossal failure. Either way we'll learn something.</div>
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The SPDR ETF SPY,
which I chose as the benchmark, closed at $292.45 on 8/30/19. That makes an
equivalent investment in the Standard and Poor's 500 over the same period worth
$397.66. The next ex-dividend date for SPY is the third Friday in September,
which this year will occur on 9/20/19. It'll be interesting to see how that
payment will compare to the dividend portfolio's accumulated dividends during
the same period.</div>
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<tbody>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Date</span></span></div>
</td>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .768in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Investment</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7854in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio Account Value</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8069in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Additional Benchmark SPY Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8159in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">Running Total Benchmark SPY Shares</span></span></div>
</td>
<td style="background-color: #4472c4; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7354in;"><div style="color: white; font-family: Calibri; margin: 0in;">
<span style="font-weight: bold;"><span style="font-size: xx-small;">SPY Closing Share Price</span></span></div>
</td>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Benchmark SPY Value</span></span></div>
</td>
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<span style="font-weight: bold;"><span style="font-size: xx-small;">Dividend Portfolio VS Benchmark</span></span></div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6909in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
6/24/19</div>
</td>
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$200.00</div>
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$200.00</div>
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<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8048in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$200.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8069in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.681107</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8236in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.681107</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$293.64</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7486in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$200.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7194in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.000%</div>
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7/3/19</div>
</td>
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$50.00</div>
</td>
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$250.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8048in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$252.22</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8069in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.167336</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8236in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.848443</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$298.80</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7486in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$253.51</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7194in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
-0.511%</div>
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<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6909in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
7/18/19</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7513in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .768in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$300.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8048in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$299.10</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8069in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.167320</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8236in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
1.015763</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$298.83</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7486in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$303.54</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7194in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
-1.463%</div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6909in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
8/2/19</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7513in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .768in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$350.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8048in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$343.48</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8069in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.170870</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8236in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
1.186633</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$294.62</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7486in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$349.61</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7194in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
-1.752%</div>
</td>
</tr>
<tr>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6909in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
8/16/19</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7513in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$50.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .768in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$400.00</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8048in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$385.57</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8069in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.173124</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8236in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
1.359757</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$288.81</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7486in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$392.71</div>
</td>
<td style="background-color: #d9e1f2; border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7194in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
-1.818%</div>
</td>
</tr>
<tr>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .6909in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
8/30/19</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7513in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$0.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .768in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$400.00</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8048in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$389.89</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8069in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
0.000000</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .8236in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
1.359757</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7548in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$292.45</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7486in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
$397.66</div>
</td>
<td style="border-color: #A3A3A3; border-style: solid; border-width: 1pt; padding: 2.0pt 3.0pt 2.0pt 3.0pt; vertical-align: top; width: .7194in;"><div style="color: black; font-family: Calibri; font-size: 11.0pt; margin: 0in; text-align: right;">
-1.954%</div>
</td>
</tr>
</tbody></table>
</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-11145600267461643182019-08-25T13:20:00.001-04:002019-08-25T13:20:33.959-04:00The End is Nigh? 2020 Recession?<br />
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<div style="direction: ltr; margin-left: 0in; margin-top: 0in; width: 6.109in;">
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
There's a lot of
talk lately about a recession in 2020. What's all the fuss about?</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-weight: bold;">Reasons Why A Recession Might Happen in 2020</span></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-style: italic;">We're Overdue for a Recession</span></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The United States
has not had a recession in over 10 years, the last one having ended in June
2009. Since 1900, the average time between recessions has been just under four
years. Since the end of World War II, the average time between recessions has
been around five years. With the longest time between recessions having been 10
years (from March 1991 to March 2001, when the Dot Com bubble burst), it looks
like we're overdue for a recession. Some experts even say we're <a href="https://www.marketwatch.com/story/were-already-in-recession-heres-what-to-do-says-economist-who-called-last-bubble-2019-06-25" target="_blank">already in one</a>.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-style: italic;">Consumers are Overleveraged</span></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Before the last
recession, aka The Great Recession or The Financial Crisis, there were luxury
sedans, mostly BMWs and Mercedes Benzes, everywhere. I couldn't believe so many
people could afford to drive those cars. There were also ads on TV by dubious
loan providers where the actor would say how great his life was despite being
in debt up to his eyeballs.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Fast forward to
today, and I see Infinitis and Lexuses everywhere. While I stopped watching TV
completely (one of the most positive changes in my life), I have been made
aware of new consumer debt products. There are now payment plans for vacations.
People who can't afford vacations and thus should not be going on any are
borrowing from companies like Funjet, Bookit, and UpLift for their trips. I
suppose that's better than putting the trip on the credit card, but it's easy
to see how this spells doom in the future.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Credit card
companies are also introducing lay away type options (but you get the thing you
want immediately--where would we be without instant gratification?). For
example, American Express has something called Plan It, where you can buy a
bunch of stuff you don't really need and certainly can't afford, and then for a
set fee, you make monthly payments on it. It's just another way of collecting
interest (which might be worthwhile for people that carry credit card balances
if the set fee is lower than the interest they would've paid).</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-style: italic;">The Yield Curve is Inverted</span></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The Treasury bond
yield curve is a chart of yields that are currently paid by Treasury bonds of
various maturities.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
In a normal yield
curve, shorter term bonds have lower yields than longer term bonds, so the
curve ascends from the shorter maturities on the bottom left to the longer
maturities on the upper right. This is normal because there is less interest
rate risk with shorter maturity bonds than with longer term ones, so bond
investors usually demand less return for shorter maturity bonds than longer
term ones.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
In an inverted yield
curve, on the other hand, shorter maturity bonds have higher yields than longer
term bonds. This happens when there is greater demand for longer term
maturities than shorter ones. It is an indication that bond investors
anticipate bond yields will go down. Yield inversions have often preceded
recessions by six to 24 months. Since 1955, an inverted yield curve predicted
all nine US recessions.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-style: italic;">Trump's Trade Wars</span></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
President Trump has
been imposing tariffs on various foreign goods. Whether you agree with the
policy or not, a tariff is a tax on the product on which it is levied. Taxes
are pretty much never borne by the producer of the product that is taxed. The
tax is usually passed off on the last seller or the end buyer. This raises the
cost of the product (which is what a tariff is supposed to do--raise prices of
foreign products to encourage people to buy from a domestic producer instead).
With the cost of products going up, retailers will have smaller profit margins
and/or consumers will ultimately have less to spend, which might decrease
economic output and thus contribute to a recession.</div>
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<br /></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-weight: bold;">Reasons Why A Recession Might Not Happen in 2020</span></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Firstly, everyone's
talking about it.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
2020 Recession
videos on Youtube are suddenly about as ubiquitous as those with people making
stupid faces on the cover. Indeed, many of the 2020 recession videos have
people making stupid faces. Traditional media is also hyping up the possibility
of a 2020 recession, dragging out everyone and anyone who thinks there will be
one. This is because doomsday news sells better and it makes Trump look bad.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Unless they make it
into a self-fulfilling prophesy, all this hoopla may indicate that a recession
won't happen. Regular people and the experts for whom the mainstream media
provides a platform have a notoriously bad record at predicting the future,
especially future economic events. When the regular people are discussing the
economy and future, it's often profitable to do the opposite of what they're
doing.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Second, there are no
rules for how long it should be between recessions. Since the Great Depression,
the time between recessions has ranged from as little as one year to the
current 10 years and counting. The recession that started in July 1981 didn't
care that it had only been one year since the recession that ended in July
1980. Likewise, the next recession doesn't care how long it's been since the
last one.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Additionally, our
data set is quite small and today's economy is not the same as that of the
past. To say that we're overdue for a recession implies that the future will be
like the past. It may very well be, but we can't know that until it happens.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The inverted yield
curve predicting all nine recessions since 1955 may sound scary, but does it
even mean anything? We know with near 100% certainty that there will be a
recession in the future. There's a chance that the economy will continue
growing in perpetuity, but that is unlikely. So, an inverted yield curve will
always predict the next recession. Why? Because the yield curve is inverted and
at some point in the future we will surely have a recession. That's like me
predicting that you will die. I'm hardly a psychic, but my prediction will come
true. The trick is to get the timing right.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
So when, according
to the inverted yield curve, is the next recession due? From six to 24 months.
That's quite a range. I bet, if the next recession comes 36 months after the
inversion, future financial news articles will be about how an inverted yield curve
presages a recession by 6 to 36 months.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-weight: bold;">Conclusion</span></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
There may or may not
be a recession in 2020. We might be in a recession already. No one knows. I
repeat, no one knows.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The way you invest
should not change according to the economic forecast. You have nothing to gain
from trying to time the market. People have been waiting for the economy to
collapse for years now. Let me repeat again, no one knows the future.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
That said, always be
prepared. Whether the economic outlook is rosy or grey, you should always have
an emergency fund and you shouldn't be investing if you don't have one. You
should always be updating your skills to stay competitive in the marketplace. You
should never be buying things you don't need and can't afford. And you should
never take risks with money you can't afford to lose.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Finally, never worry
about things you can't control. As long as you're always prepared, you will
always be as ready as you'll ever be, so why worry?</div>
</div>
</div>
</div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8314742019530620610.post-1789549835494200442019-08-18T11:44:00.000-04:002019-08-18T12:04:36.746-04:00Gemini Basic Account Review August 2019<br />
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<a href="https://gemini.com/" target="_blank">Gemini</a>, which calls
itself "The Regulated Cryptocurrency Exchange," was founded by the
<a href="https://www.theverge.com/2017/12/4/16732952/winklevoss-twins-bitcoin-billionaires-surge" target="_blank">Winklevoss twins</a> in 2014. As of writing, the basic Gemini platform allows users
to buy and sell Bitcoin, Ether, Bitcoin Cash, Litecoin, and Zcash.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Although <a href="https://www.slackerwealth.com/2011/05/some-links-about-bitcoin.html" target="_blank">I foundBitcoin interesting back in 2011</a>, I didn't buy any until much more recently. I
used to be a skeptic about Bitcoin. I still am. But I used to too. (My apologies to the late Mitch Hedberg.)</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
That said, I've been
using Gemini and other platforms, like Coinbase, to buy Bitcoin, for the same
reason I buy gold.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<b>Why I Buy Bitcoin</b></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The risk of being
banned from the economy--financial deplatforming--has been growing steadily for
years, especially as society gradually becomes cashless.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
As people become
more and more politically polarized, a growing minority wishes to exclude those
with opposing views from economic life. This includes trying to get people
fired from their jobs, boycotting their businesses, starting harassment
campaigns, and so on. Companies seem to be getting in on the hysteria. For
example, JP Morgan Chase recently closed people's accounts because of their
political views. In the past Chase has also porn stars' accounts. Another
example is Wikileaks being <a href="https://www.forbes.com/sites/rogerhuang/2019/04/26/how-bitcoin-and-wikileaks-saved-each-other/#37ed138474a5" target="_blank">deplatformed</a> from pretty much every financial
service.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Society is getting
increasingly cashless. Our paychecks are direct deposited into our bank
accounts. We use debit and credit cards, as well as mobile apps, to pay for
almost everything. We can send payments to our friends online, or write a
check. If you are so inclined, you never have to touch physical currency again.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
This is greatly
convenient, but with the convenience comes a great danger. You can wake up one
morning and discover that all your accounts are closed, or worse, frozen.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I don't want to get
into the ethics of financial deplatforming of people and business for social
transgressions. My point is that, as part of my emergency fund, I have and will
buy more gold and Bitcoin (and store physical cash) because other people are willing
to exchange these for goods and services. If I am ever banned from using the
mainstream financial system for writing, saying, thinking, or being something
wrong, gold and Bitcoin are a sort of emergency savings that will allow me to
eat. They will also come in handy if there is social or governmental collapse.
While I have more confidence in gold not going to zero in the near future (but
it probably will when asteroid mining becomes a reality), Bitcoin is a lot
easier to transport and convert into goods, services, and currency. I just need
to remember the 12 word phrase that is the seed of my Electrum wallet, a
computer, and an internet connection.</div>
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<span style="font-weight: bold;">Why I Initially Chose the Gemini Exchange</span></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I tried out
Coinbase, but I didn't like that there were fees to transfer your coins away
from the exchanges. I also didn't like that limit orders weren't available for
the basic account. At the time (and this might have been a misunderstanding on
my part), I thought there was a monthly fee for a higher account tier that let
you transfer coins for free and place limit orders.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Kraken and the other
crypto exchanges were not available in my location (New York), but I discovered
that Gemini was. When I opened my account, Gemini let you place limit orders.
It no longer does in the basic tier.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-weight: bold;">What I Like About Gemini's Basic Account</span></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
It gets the job done
for my purposes, but not much beyond that. I liked that they had limit orders,
but now you have to use the ActiveTrader account.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I do like that there
are no fees (at the time of writing) to transfer your Bitcoins out of Gemini
and into your own wallet if you do <a href="https://gemini.com/transfer-fee-schedule/" target="_blank">10 or less withdrawals per month</a>.</div>
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<br /></div>
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<a href="https://1.bp.blogspot.com/-PHDUcmfAL90/XVlxPmprSmI/AAAAAAAAAXg/PV-KkIW3T8AhIqXBUondPQgblAJf_IpYgCLcBGAs/s1600/gemini%2Bwithdrawal%2Bfees.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="767" data-original-width="925" height="530" src="https://1.bp.blogspot.com/-PHDUcmfAL90/XVlxPmprSmI/AAAAAAAAAXg/PV-KkIW3T8AhIqXBUondPQgblAJf_IpYgCLcBGAs/s640/gemini%2Bwithdrawal%2Bfees.png" width="640" /></a></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The sign up process
was relatively straightforward and quick. My identity was verified and the
account was opened the same day.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-weight: bold;">What I Don't Like About Gemini's Basic Account</span></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-style: italic;">No Limit Orders</span></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
As I mentioned, they
took away limit orders for the basic account. Apart from my experience trading
illiquid stocks and options where people and machines will take full advantage
of market orders to give you the worst price possible, I like limit orders because
I don't have to watch the price of the thing I'm buying. A limit order allows
you to buy the asset for a specified price, which is not necessarily the market
price at that instant. The price of the asset might be much higher than I want
to pay for it when I place the order. If the asset comes down to what I put as
my limit, the order is filled without any further action on my part. The
reverse for selling, where my sale order is filled when the asset rises to meet
my asking price.</div>
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<br /></div>
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<a href="https://1.bp.blogspot.com/-QmSE74MfdN8/XVlxebJLqiI/AAAAAAAAAXo/Ybdw8KtLrFsQKBJX94czYzN3C5W0ZvhsQCLcBGAs/s1600/gemini%2Blimit%2Borders.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="578" data-original-width="1263" height="292" src="https://1.bp.blogspot.com/-QmSE74MfdN8/XVlxebJLqiI/AAAAAAAAAXo/Ybdw8KtLrFsQKBJX94czYzN3C5W0ZvhsQCLcBGAs/s640/gemini%2Blimit%2Borders.png" width="640" /></a></div>
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<span style="font-style: italic;">Really Annoying Login Process</span></div>
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<br /></div>
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Gemini uses two
factor authentication for when you log in. That in itself is a good practice. I
don't like their implementation.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
First, the default
second factor is a seven digit code that Gemini sends as a text. <a href="https://www.schneier.com/blog/archives/2016/08/nist_is_no_long.html" target="_blank">This is knownnot to be secure for years now</a>.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Second, you have to
receive a text every day to continue logging into the Gemini Exchange because
it only remembers your computer for 24 hours. That is really annoying. By
contrast, Coinbase remembers your device for 30 days.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Third and worst, if
you try to log in but don't enter the second factor code and then keep the
browser open, it keeps sending you text messages with new codes every five
minutes either until you log in or 15 times, when your account is locked from
too many login attempts.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I tried to sign in,
but it was 24 hours after my last login. Gemini sent a text to my phone, which
was far away. I figured I'd work on something else and sign in later. When I
got to my phone, I had 15 texts from Gemini, each with a new code. When the last
one didn't work, I discovered that Gemini wouldn't send me a new one for a day.
I was locked out of my account.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I'd like Gemini
better if the "trust this device" feature would last longer than 24
hours, there were more 2FA options (like Microsoft Authenticator, Google
Authenticator, etc), and it didn't repeatedly text you just because you didn't
sign in immediately.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Note that Gemini
does offer 2FA with Authy, which is much more convenient, but they don't
advertise this fact and I only came across it by accident. If you already use a
different authenticator, you will have to deal with setting up and using a new
app. If you use Authy, then you're all set.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
By contrast,
Coinbase lets you use any authenticator app you want. It also supports and
encourages the use of security keys that comply with the U2F/WebAuthN standard.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-style: italic;">Convoluted and Expensive Fee Schedule</span></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Gemini's trading
fees are based on the US dollar amount of your trade. The lowest fee,
percentage wise, is 1.49% of your web or mobile order over $200. That's not bad
for cryptocurrencies, which can move that much in a second. Nevertheless, if
your order is for $10 or less, Gemini will charge you $0.99, which is 9.9% of
the order total. Compare this same order at Coinbase Pro, where your fee would be $0.03.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Basic accounts are
also charged a 0.5% "convenience fee" for every order, so the actual
lowest fee for basic accounts is 1.99% of the order.</div>
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<br /></div>
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<br /></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Note that Gemini is
no worse in this regard than Coinbase, which has the same fee schedule for
basic accounts, along with the 0.5% convenience fee, which they call a
"Spread." However, at the time of writing, Coinbase Pro charges less
per transaction than Gemini's ActiveTrader platform.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-style: italic;">Caveat</span></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
A big caveat is in
order, which is another thing I don't like--everything above might be outdated
by the time you read this. It seems like the new breed of financial companies
change their service offerings, pricing, and policies extremely often compared
to traditional financial institutions. You can sign up for the platform with a
set of expectations only to find out everything is different the next time you
log in.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-weight: bold;">Gemini Mobile App</span></div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Everything I've said
above about Gemin's web platform applies to the mobile app. The usability is
good and the app loads quickly. The user interface is intuitive, making it easy
to find what you're looking for.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
I wanted to post what the app looks like, but for security purposes the app blocks screenshots.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<span style="font-weight: bold;">Conclusion</span></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
The Gemini basic
account gets the job done for someone like me, who is in the process of
accumulating cryptocurrency and transferring it to a private wallet. If Gemini
is the only exchange available in your area, it is a viable solution.</div>
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<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Nevertheless, if you
want to save on fees and use limit orders, consider Gemini's ActiveTrader
platform. If available in your location, also consider Coinbase Pro.</div>
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