June 2010 Trading

It's all about the dividends in June. The market stayed depressed and I only made one sale, but collected significant dividends to the point that the turnover yield is artificially inflated to over 30%. But this is tempered by an good yield on available funds of 1.55% (a respectable 18% when annualized) and the good new is totally overwhelmed by the large unrealized losses.

But I maintain my hold and collect strategy and am looking forward to two maturing CDs.  I plan to use these to buy in further if the market remains depressed.

My only sale was:

• Telecomunicacoes de Sao Paulo - Only half of my holdings, kinda wishing I sold 100%.

My current holdings and unrealized gains/losses are as follows:

• Exxon Mobil - Down 14.7%
• Exelon Corp - Down 15.7%
• FirstEnergy Corp - Down 6.9%
• Telecomunicacoes de Sao Paulo - Up 3.6%
• Telecommunications Systems - Down 31.5%
• National Grid PLC - Down 17.4%
• Total SA - Down 6.2%
• Sempra Energy - Down 0.6%
• Harsco Corp - Down 8.7%
• Nokia - Down 13.4%

Dividends were collected on the following:

• FirstEnergy Corp
• Exxon Mobil
• Exelon Corp
• Total SA
• National Grid PLC - Not a dividend, but a Rights sale in excess of 10% of the purchase price of the stock. This certainly helps offset some unrealized losses.