We closed our books last week revealing that we made over $2,600 in January (after quite slow start) which allowed us to invest some of the proceeds into good dividend growth stocks.
We use 50% of the options trading proceeds to buy DGI stocks according to our watch list. Whenever a stock is Marked as a buy and we have generated enough income, we buy shares equivalent to $600 dollar investment. If we have more than $600, for example $1,300 dollars, we then buy (2) different companies (for example ATT and STX as we did in January 2019). If in our watch list, there are multiple shares marked as “buy” we buy the one with the highest dividend yield. Once a stock is purchased, it is marked with “X” so we do not buy it again once we make new money trading options. Then we continue buying all stocks in the list marked as “buy”. After all marked stocks are purchased, all “X”es are removed and we start from the beginning.
Today, AT&t met all our criteria to be purchased. So we bought 20 shares (added to our existing position):
BTO 20 T shares @ 29.86 debit