My experiment with the dividend paying stocks is working so far. Meaning we’re making money with our Scottrade account by taking care of it ourselves and buying the dividend paying stocks right before they pay the dividend. I know we will need to wait at least until the end of January to get better totals. But, from the dividend payments we have recieved in the first week of January we are doing great! One thing I’m trying now is to buy the stocks a few days earlier then I had first thought was necessary. Before the stocks EX date they are starting to raise in price earlier then the 3 or 4 days I had at first thought. Now, I’m looking to buy stocks that have an EX date of 7 – 10 days when I buy them. Also, the stocks are taking a dip in price for a few days after the EX date, meaning we are having to hold on to the stocks longer then I first planned.

These are the sell orders we have in now:
CHG SELL LIMIT $44.23 OPEN

KYN SELL LIMIT $26.25 OPEN

ERIE SELL LIMIT $40.25 OPEN

Didn’t buy anything today. I did pass up a good short day trade, if only I’d followed my instincts and bought when it was high.

Remember we are not giving any stock market advice. This is only what we are doing and our own feelings, instincts and whatever. Also, we are NOT using all our savings to try this experiment. So, please don’t anyone follow us using your whole trading account. I feel I’m buying fairly safe stocks that we won’t lose any money, but the stock market if risky and things change fast. We don’t do any trading unless we are watching the markets and have stop and limit orders in place. It is risky, but lots of fun!

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