Thanks MrJohnRoss
My dividend income for Feb 2012 was $1068 from the IRA account which was transferred from my TSP account. There were few stocks in my portfolio that recently had a nice run up such as JPM, MCD, MSFT and PM. These stocks will be in my core portfolio for a long time as dividend income and growth.
I am still holding 100% C fund in my TSP account as long as the chart still shows the up trend.
As for day trading with my cash account, I am still practicing different strategies and mostly in options trading. I had traded mostly in iron condor, vertical bull/bear credit/debit spreads, calendar spreads and butterfly options. The result was about even but I spent about $1000 in commission the last two months for these types of option trading. I will evaluate some more and determine if I should continue with these types of trading.
On the other hand, I found that one way of making some steady income is to sell naked put options with the stocks that you would like to own. I was able to generate about $2000 after commission since January by selling naked put options with the stocks that I would not mind owning it if it was assigned to me. No stocks were assigned to me thus far and I was able to let the options expire or purchase the options back with lower cost.
One woman has been doing this for the last 40 years and was able to generate good income and build up a large portfolio. Her site is:
http://www.fullyinformed.com
I would recommend this site for those who are interested in option trading for steady income.
Basically this is how I spent my retirement the last few months but I am enjoying it.
Ocean
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