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Organizing DRiP Plans and Purchases

February 10th, 2015 at 06:20 pm

I have a few DRiP/DSPP purchase plans going and the one thing everybody complains about with these is keeping track of your cost basis. That isn't always so easy when you have little fractional amounts of dividends being reinvested every month. I've been doing it all on a spreadsheet but yesterday I started using the portfolio tracker at the CBS MarketWatch site. I spent a couple of hours inputting my history in and ongoing shouldn't be as difficult. Since I'm a numbers geek, that was actually kind of fun and as a bonus I got to put off cleaning the bathrooms because I was busy with important money stuff. I'll see how that goes.

Valentines Day this weekend which really is not my favorite holiday at all. I don't know why, after almost 28 years of marriage my husband and I cannot come to some compromise on this but we are always out of whack. I spend big, he doesn't. He spends big, I don't. Or we both spend big and then I spend the next month wishing we didn't have so much chocolate in the house trying to attach itself to my hips.

But whatever. I got him some sort of "Love Gift Pack" of 3 bottles from a winery and a set of Depression Era Glass Wine Glasses from an antique store. I've seen the credit card bill, I think we're about equal in outflows so hopefully it won't be another "But you didn't stick to the agreement!" holiday.

I received some money from surveys and a rent payment so I sent $110 off to my Loyal3 stock purchase account. This is how I divided it up

Berkshire $30
Coca Cola $30
Apple $10
Mattel $10
Intel $10
Unilever $10
Google $10

I am up to a whopping .1155 Shares of Google stock! I think when it gets to the point of owning one full share I might have the family celebrate with a Pizza Night or something. Woo Hoo we own a full share of Google!

Since our Tax Refund is going to be so much larger than expected, I also took $500 that I had saved up to replace our Furnace and A/C system this summer and bought 20 shares of GE stock in my TradeKing account this morning.

My P2P Loan accounts are going pretty well. Between Lending Club and Prosper I have a little over $3000 accumulated in there and it's currently generating about a 7% return. My returns are lower than many of the people who post at places like LendAcademy, but at this point in time I'm still sticking with the higher quality notes rated A, B and C which mostly return 7 to 10%. I haven't decided when I'll feel comfortable diversifying out into some of the riskier loan pools but likely not until it gets to over $10,000.

2 Responses to “Organizing DRiP Plans and Purchases”

  1. chloe Says:

    Don't cost bases get tracked automatically for you these days? Do think work differently for individual stock purchases as compared to mutual funds run by an investment house? Last year I sold some shared in a mutual fund that my grandparents had started for me when I was a three. So I had to figure cost basis out over 27 years of dividends and redemptions. They had to send me copies of printed statements from before their were digital records! But my impression was that now they were required to track those things for you?

  2. chloe Says:

    ***With all my typos fixed:

    Don't cost bases get tracked automatically for you these days? Do things work differently for individual stock purchases as compared to mutual funds run by an investment house? Last year I sold some shared in a mutual fund that my grandparents had started for me when I was a three. So I had to figure cost basis out over 30 years of dividends and redemptions. They had to send me copies of printed statements from before there were digital records! But my impression was that now they were required to track those things for you?

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