Dividend Portfolio

In November I started my dividend portfolio with $1,000 in 9 companies. From November through January I had the dividends reinvested in each of the companies with plans to add more to this portfolio as I get older for retirement.  Below are the companies I have started my dividend portfolio with:

Conoco Phillips (COP) - 3.80%
Destination […]

How can GM become profitable again?

I saw in the headlines today that GM is asking for $10 BILLION in government aid to merge with Chrysler. Seems like this country is getting more socialistic everyday. It’s not the governments place to fund acquisitions or to bail out companies because they cannot compete with the world.
I know people come back […]

Overdraft Charges, What’s the big fuss?

Just the other day when surfing ripoffreport.com I came across a complaint about overdraft charges. I then searched the site to see how many complaints there were about overdraft charges. THERE WERE 855 MATCHES IN THE SEARCH! I scanned through some of the headlines and not all are exactly about overdrafts, but a good many […]

Major Consumer Lending Laws & Regulations

Below are some of the most important consumer lending laws to be passed.
1934 - Securities & Exchange Act, FRS Regulations T, U, X
1968 - Truth in Lending Act (TILA), FRS Regulation Z
1971 - Fair Credit Reporting Act (amended by the FACT Act, 2003)
1973 - Flood Disaster Protection Act
1974 - Real Estate Settlement Procedures Act (RESPA), […]

Federal Reserve System Regulations

Below are the Federal Reserve System’s Regulations from “A to FF”. If you want a description of each you can click here and go to the FRB website.
A - Extensions of Credit by Federal Reserve Banks
B - Equal Credit Opportunity
C - Home Mortgage Disclosure
D - Reserve Requirements of Depository Institutions
E - Electronic Funds Transfer
F […]

I’m getting married

I’m getting married November 1st, but after I get married I will start back to keeping up with our balance sheets and income statements.
-Stealthy

Monthly Update: January 2008

I was negative $1,355.28 for January. It looks pretty bad and it is bad, but not as bad as it looks. I paid almost $2,500 toward one of my credit cards when my 0% expired, which I was expecting. I also paid close to $400 toward my medical bills. This makes 2 […]

2008 goals for “Stealth Wealth Inc.”

2008 Goals
-Continue to contribute 6% of my income to my 401k
-Get my Emergency Fund to $3k
-Save $4K for engagement ring
-Stretch Goal: Start a dividend portfolio with at least $3k
-Pay $100 per month on Sallie Mae Student Loan
-increase EPS to $1.00
-Reach a book value per share to -$1.00 by year end
-Reach and maintain a profit margin […]

2007 Year end review

This past year was my first year working a full-time job. It’s exciting to have my first full year of highlights, which will serve as a benchmark for 2008 numbers.
I have a goal of having a profit margin of 50% or better, but I do not see that being achieved until the 2nd quarter […]

Monthly Update: December 2007

December was the first month of 2007 where we had a negative net income for a month. Net income for the quarter was still able to grow by over $400 compared to Q3 because of the credit card payments being so low for the quarter.
Total income was down due to a realized loss. […]

Readers Release: Sold shares for an $800 loss

Monday I sold all of my holdings in my portfolio.  Monday was the last day to sell shares for the 2007 tax year.  I took around a $800 realized loss from the sale.  For the year my realized losses are around $300 with gains earlier this year.
I have 3 reasons for selling.

I didn’t see the […]

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