Sunday, January 31, 2021

GAMESTOP

This past week on the stock market was ridiculous. Learning more about the Gamestop squeeze, how hedge funds were losing money, how stock brokerages were bowing down to hedge funds, and how powerful uniting the common people can be, kept me entertained and my mind busy all week. 

Let me just say that I am very mad at Robinhood right now. I've spent basically the entirety of this blog talking about Robinhood and saying nothing but positive things about it. Robinhood has been my favorite app since I downloaded it in August of 2015. Robinhood restricted people being able to buy Gamestop, and other stocks, on Thursday morning. I woke up on Thursday to my friend texting me about it. 

Robinhood came out with some rationale as to why they stopped, and now are limiting, people from buying Gamestop. Whatever the rationale is, I believe it was done for only one reason - to bow down to the hedge funds. 

While I have no math or research to back this up, I believe Gamestop would already be closing in $1,000/share if buying had not been removed/restricted. 

There's a lot better explanations of what's going on with Gamestop on the internet, so I won't explain it here. At the end of the day, I'm seriously considering moving my money out of Robinhood. This will be a tough decision - just look at how much I've posted and talked about Robinhood. 

We'll see how this week goes - I'm hopeful Gamestop will keep going up and that the hedge funds will lose more money. 

Gamestop to the moon! : )

Signed,

Mitch

Wednesday, January 20, 2021

Robinhood Dividends vs My Tracking

The total amount of dividends I received in 2020, according to Robinhood, was $222.41. My tracking on a separate spreadsheet totaled $222.17. So I either forgot to type in a dividend, or dividends, totaling $0.24, or Robinhood classified $0.24 worth of dividends differently than I did. 

I next compared my monthly tracking and compared it to Robinhood - and there are a few differences. 

MonthDivs - My TrackingRobinhood StatementDifference
January$14.65$14.75$0.10
February$15.00$15.00$0.00
March$28.51$28.52$0.01
April$13.23$13.33$0.10
May$11.43$11.43$0.00
June$32.70$32.71$0.01
July$8.76$8.76$0.00
August$12.05$12.05$0.00
September$28.90$28.91$0.01
October$8.97$8.97$0.00
November$14.04$14.05$0.01
December$33.93$33.93$0.00
Total$222.17$222.41$0.24

The one cent differences I'm not too worried about. Those could have been from a dividend that pays a half penny, like a $0.245 dividend, and it was rounded up after it processed. It could have initially shown as $0.24 and then adjusted/rounded up. 

The two months of January and April being off by $0.10 though is weird. Because they're 3 months apart, and the same amount, I'm thinking it's from the same company. I'll have to dig more into this difference tomorrow!

Signed,

Mitch

Monday, January 4, 2021

First full week of 2021

Today starts the first full week of 2021. 

If you have an office job, there will probably be some lag time in getting back into a routine. 

If you have a retail job, things will probably be mostly the same, aside from the end of year rush to buy gifts or to buy deals. 

If you work a manufacturing job, things will probably be the very close to how they usually are. 

If you are a front-line responder, things will probably continue to be stressful and busy. 

If you are a city/state worker responding to snowy/icy weather, you could have a busy week or a normal week. 

If you are a k-12 student, you may be returning to school in-person or virtually. 

If you are a college student, you probably are still on break. 

If you are a stay-at-home parent/care-giver, your routine will probably be pretty similar. 

If you are someone who is unable to work, maybe due to a disability or layoff, your routine may be highly variable or stagnant. 

I've probably missed some categories that fit people, but I tried to cover as many as possible. 

This week will be familiar and also new. 

I have some sense of hope in that the year is 2021, and this is the year that hopefully the COVID-19 pandemic starts to slow down. 

I hope you have a good week. 

Signed,

Mitch

Saturday, January 2, 2021

Subscriptions for Streaming Services

 The Office is no longer on Netflix. I know many millennials like myself have found comfort and familiarity with having The Office on, whether we're actually watching it or not. The Office is now streaming on Peacock TV, owned by NBC. It makes sense that NBC did this, as they own The Office and it can make them a lot of money being on their own streaming service. 

I'm subscribed to Disney+, Hulu, and currently Amazon Prime (which includes Prime Video). This got me thinking about all of the big streaming services currently.

  • Netflix
  • Hulu
  • Disney+
  • Amazon Prime
  • Peacock TV
  • CBS All Access
  • HBO Max
There's more, but I guess my list is mostly just content providing streamers and not necessarily live TV providers. I will probably have my Amazon Prime membership be off and on, as I don't use it that much, but need it sometimes. I recently got Hulu, and there's a lot of good content, so I'll probably keep that for awhile. I don't see myself cancelling Disney+ anytime soon because of all of the Marvel and Star Wars content. 

I'm not sure if my family will be keeping Netflix. Besides the Office, I really didn't use Netflix a whole lot. I'm going to review what's on it Netflix again and decide if it's worth keeping. I really don't want to subscribe to Peacock to watch The Office, so I may just buy the DVDs/Blu-ray discs. 

Which streaming services are you using?

Signed,

Mitch

Friday, January 1, 2021

Dividends in 2020

2020 was awful.

I started 2020 with hopes of reaching over $300 in dividends in my Robinhood account. I did not reach that amount. 

I received $222.17 in dividends in 2020. This is more than the $178.94 I received in 2019, but I fell short of $300 due to the uncertainty of the pandemic, and trying other investing strategies. Below are the dividends I've received by month for the past 5 years. 

20162017201820192020
January$1.92$4.19$7.26$8.51$14.65
February$2.51$5.19$7.96$9.58$15.00
March$2.47$9.41$12.86$20.21$28.51
April$1.29$3.06$6.18$10.43$13.23
May$4.48$5.02$9.17$11.62$11.43
June$7.96$9.63$12.10$21.92$32.70
July$1.97$4.55$4.23$10.96$8.76
August$3.09$5.03$5.18$11.88$12.05
September$7.99$9.85$7.47$21.52$28.90
October$2.72$5.95$6.01$11.80$8.97
November$3.68$5.48$6.08$12.78$14.04
December$9.40$11.13$17.74$27.73$33.93
Total$49.48$78.49$102.24$178.94$222.17




I am happy to see the blue lines (2020) were higher than than the green lines (2019). I am not making any projections for 2021 at this time. 

Happy New Year!

Signed,

Mitch