December Dividend Income

After 35 years of clocking in and out of work and religiously saving at least 10% annually in my 401K every year, my countdown to financial independence is in sight. Each month is a step closer and let’s look at how this past month is getting me there.

For the month of December I made $5753.31; an increase of 7.51% versus this time last year and since this is December I can also report my annual dividend income overall increased 10.2%.

In December I received 4 dividend raises from AMGN, AVGO, PFE & WM.  Together this will add an additional $52.48 to my annual income going forward.  However, the PFE raise of 2.5% was too low for my liking and I sold the entire position and reinvested it into SCHD (note PFE is a component of SCHD) which added an additional $102.98 to my forward dividend income.

Speaking of SCHD this is a good lead into my weekly buy and sell reports.  Some regular readers may have noticed I stopped reporting my weekly activity and its for a simple reason.  Back in June I recognized that dividend ETFs, specifically SCHD, became too cheap to ignore and I started a position.  By September I realized an ETF was the most practical method for me to buy into a down market.  Since that time, most of my buys have been and still are SCHD. As such my weekly reporting became repetitive (bought SCHD, bought SCHD, and so on).  Until I stop buying SCHD I saw no use in the same boring posts every week that I bought SCHD.

On the home front my wife & I had been so focused on resolving family issues we lost track of time and Christmas seemed to appear out of nowhere.  We were so distracted neither of us felt in the holiday spirit.  This all changed however once family started to arrive at our house to celebrate.  Even though it was bitterly cold that Christmas morning (14F / -10C) all the issues and problems just melted away as we exchanged stories and laughed all the while enjoying the warmth a woodburning stove, good food and drink.  We even hit a point where my children and nieces found a stash of old pictures and when we investigated what they were laughing about there was some pics of me from the 80’s.  The running joke of the night was that I was an extra in the Netflix series Stranger Things.

Here is one of the pics they had and that is me on the left with my younger brother. I still remember the day that photo was taken.  I gave my brother an old pair of my hockey skates and he was trying them out on the ice.

Enough of me droning on, here are the metrics we love to see.

Date	Symbol	Company	Amount
12/1/22	ALE	ALLETE INC	$171.21
12/1/22	CMI	CUMMINS INC	$45.07
12/1/22	DIVO	AMPLIFY ETF TR CWP ENHANCED DIV	$114.78
12/1/22	PNW	PINNACLE WEST CAPITAL CORP	$220.15
12/1/22	PSX	PHILLIPS 66	$29.46
12/1/22	SJM	SMUCKER J M CO	$19.80
12/1/22	UPS	UNITED PARCEL SERVICE INC	$358.39
12/5/22	ENB	ENBRIDGE INC	$246.48
12/5/22	PFE	PFIZER INC	$243.02
12/6/22	JNJ	JOHNSON &JOHNSON	$201.66
12/6/22	SO	SOUTHERN CO	$71.50
12/8/22	AMGN	AMGEN INC	$11.94
12/8/22	DFS	DISCOVER FINANCIAL SERVICES	$15.79
12/8/22	MSFT	MICROSOFT CORP	$75.44
12/8/22	VLO	VALERO ENERGY CORP	$35.28
12/9/22	SNA	SNAP-ON INC	$39.24
12/12/22	CVX	CHEVRON CORP	$23.96
12/12/22	IBM	INTERNATIONAL BUS MACH CORP	$158.87
12/12/22	MMM	3M CO	$63.12
12/12/22	SCHD	SCHWAB US DIVIDEND EQUITY ETF	$129.63
12/12/22	WBA	WALGREENS BOOTS ALLIANCE INC	$72.65
12/13/22	UL	UNILEVER PLC SPON ADR	$55.21
12/15/22	AVA	AVISTA CORP	$150.98
12/15/22	EPR	EPR PROPERTIES	$85.49
12/15/22	FAF	FIRST AMERICAN FINANCIAL CORP	$169.77
12/15/22	GM	GENERAL MTRS CO	$13.55
12/15/22	NWL	NEWELL BRANDS INC	$25.56
12/15/22	O	REALTY INCOME CORP	$1.46
12/15/22	OGN	ORGANON &CO	$6.37
12/15/22	PRU	PRUDENTIAL FINANCIAL INC	$533.20
12/15/22	QCOM	QUALCOMM INC	$177.49
12/16/22	BHB	BAR HARBOR BANKSHARES	$56.25
12/16/22	BP	BP PLC SPONSORED ADR	$9.45
12/16/22	DUK	DUKE ENERGY CORP	$70.07
12/16/22	R	RYDER SYSTEM INC	$59.25
12/16/22	WM	WASTE MANAGEMENT INC	$46.92
12/20/22	CMP	COMPASS MINERALS INTERNATIONAL INC	$28.65
12/20/22	PSEC	PROSPECT CAP	$98.13
12/29/22	ARCC	ARES CAPITAL CORP	$625.16
12/29/22	NUSI	ETF SER SOLUTIONS NATIONWIDE NASDQ	$15.53
12/29/22	TROW	PRICE T ROWE GROUPS	$25.68
12/30/22	AVGO	BROADCOM INC COM	$9.61
12/30/22	BEP	BROOKFIELD RENEWABLE PARTNERS	$280.59
12/30/22	BEPC	BROOKFIELD RENEWABLE CORP	$70.08
12/30/22	CTO	CTO RLTY GROWTH INC	$88.27
12/30/22	KHC	KRAFT HEINZ CO	$9.92
12/30/22	LMT	LOCKHEED MARTIN CORP	$28.01
12/30/22	NEWT	NEWTEK BUSINESS SVCS CORP	$578.85
12/30/22	M1 Finance	M1 DIVIDEND GROWTH ACCOUNT	$86.37

November Dividend Income

After 35 years of clocking in and out of work and religiously saving at least 10% annually in my 401K every year, my countdown to financial independence is in sight. Each month is a step closer and let’s look at how this past month is getting me there.

For the month of November I made $3055.39; a decrease of 5.56% versus this time last year. With the shortfall primarily from the AT&T dividend cut earlier in the year.

In November I received 3 dividend raises from ARTNA, MRK & SNA.  Together this will add an additional $77.50 to my annual income going forward. 

On the home front we had a little excitement as I stopped someone from stealing my son’s car.  While I prevented the theft the damage was already done.  He smashed the rear passenger window and dismantled the steering wheel column to hotwire the car.  Looking back, it was stupid of me to engage as there were two others waiting in a nearby car which was also stolen.   I could have been shot or severely beaten but adrenaline took over and guess I was not thinking clearly.  Police eventually tracked down the would-be robbers as well as the other stolen car thanks to my description.  At least no one was hurt and we have insurance.

Hopefully your month was not as exciting unless the excitement was over getting dividends.

Date	Symbol	Company	Amount
11/1/22	CM	CANADIAN IMP BK COMM	$291.76
11/1/22	DIVO	AMPLIFY ETF TR CWP ENHANCED DIV	$108.62
11/1/22	GIS	GENERAL MILLS INC	$102.68
11/1/22	T	AT&T INC	$338.00
11/1/22	VZ	VERIZON COMMUNICATIONS INC	$106.86
11/1/22	XRMI	GLOBAL X FDS S&P 500 RISK	$53.42
11/1/22	XYLD	GLOBAL X FDS S&P 500 COVERED	$141.30
11/14/22	APD	AIR PRODUCTS AND CHEMICALS INC	$73.25
11/14/22	IBCP	INDEPENDENT BK CORP MICH	$51.13
11/15/22	ABBV	ABBVIE INC	$221.47
11/15/22	EPR	EPR PROPERTIES	$85.49
11/15/22	HAS	HASBRO INC	$60.25
11/15/22	OHI	OMEGA HEALTHCARE INVESTORS INC	$722.72
11/15/22	PG	PROCTER AND GAMBLE CO	$122.01
11/17/22	PSEC	PROSPECT CAP CORP	$98.13
11/23/22	ARTNA	ARTESIAN RES CORP	$213.99
11/23/22	FAST	FASTENAL COM	$13.29
11/25/22	ODC	OIL DRI CORP OF AMERICA	$36.81
11/25/22	WSM	WILLIAMS-SONOMA INC	$14.92
11/29/22	NUSI	ETF SER SOLUTIONS NATIONWIDE NASDQ	$15.69
11/30/22	SBRA	SABRA HEALTH CARE REIT INC	$87.91
11/30/22	M1 Finance	M1 DIVIDEND GROWTH ACCOUNT	$95.69

I Might Build a Bridge

The closer I get to my retirement goal the more I focus on risk analysis.  Up to this point of my journey I have viewed risk from a macro or big event perspective.  The process for mitigating the risk was fairly straight forward, I would calculate the total financial value of the risk, plan a cash position to mitigate, and call it a day. 

However, recently I decided to take a more micro view by year to see how much of my planned income was being exposed to market risk and it changed my view on how much emergency cash I was allocating foe sequence of return risk.

Under our current plan I will retire at 59 and my wife will retire at 65 while I ride on her health insurance until we both switch to Medicare and file for Social Security at age 67.  Financially we could both retire at 59 but my wife has only recently entered back into the workforce and loves her job working with special needs children. 

As long as my wife finds it rewarding, I will not push her to retire early but will take advantage of it for the healthcare and income.  Until she hits 65, the gap in income will be backfilled from our dividend checks that keep rolling in.  Considering her earned income from age 59 to 64, 69% of our annual income will be exposed to market risk.

After my wife retires, we have a 2-year gap from age 65 to 66 with no earned income and no social security.  Our entire annual income will come from our dividends which equates to 100% of income that will be exposed to market risk.  After that we both collect at 67 and our income exposed to market risk drops down to 41%. 

I was comfortable with risk exposure from 59 to 66 however my wife was not.  We have always had an agreement that since our finances are combined, we have to be on the same page. To get us on the same page I had roll up my sleeves and come up with a different solution we would both be comfortable with.

My search landed on the concept of using a social security bridge.  In short, the bridge concept is using retirement funds for income needs until you are eligible for the maximum social security payout at age 70.  This is not a new concept and it does have drawbacks with the two largest being; longevity (lack thereof) and needing income now (i.e., little to no retirement savings).  The only added twist for us was the funds had to have no exposure to market risk and we would not reduce our existing dividend portfolios. 

Regarding longevity, if it was just myself this would be a no-go but my wife’s side of the family tend to have long lives into their early 90s and as such this concept had merit for consideration. As far as a funding source it left us with one choice, my current 401K plan (wife’s employer does not offer a 401K). 

The next piece was selecting a source that did not have exposure to market risk.  The options available are cash, CDs, government bonds, or an annuity.  Cash is a no-go for me as it would earn near 0 for 10 years.  Building a CD ladder might be viable using brokered CDs but I run the risk of lower interest rates in the last 5 years.  For bonds, an ETF or mutual fund would not work because you would be exposed to bond market risks so it would have to be laddered individual government bonds held to maturity. The simplest approach would be to use an annuity.

In the past I have expressed buying a lifetime annuity would not be a good fit for me as I already have a lifetime annuity with a built-in COLA via social security and we are willing to take on risk for bigger portfolio gains/growing dividends. 

A 10 year annuity on the other hand fits in perfectly for this scenario.  I would consider this as a viable option as from a return perspective it sits neatly between CDs and bonds with the returns being +/- 0.5% of those options after annuity fees are factored in (slightly better than a CD and slightly below individual bonds).  For this analysis we chose to use the annuity and would fund it with 10% of our portfolio coming from my 401K and the payout would be the same as claiming social security at age 62.

Implementing the annuity and moving our social security claim out to age 70 changed our exposure to market risk with every age bracket improving except the 67-69 range which increased from 41% to 72%.  The largest impact is in the 70+ range as we are looking at a potential 20 year period with just 28% of income exposed to market risk.

Advantages & Disadvantages

The long-term reduction in risk reduces my sequence of returns risk which in turn reduces my emergency cash position by 44%.  This money can now be funneled back into the stock portfolio. Disadvantage is the portfolio value at time of death (circa age 90) would be 5.1% lower.  

From a tax perspective we also get a slight improvement as our projected effective tax rate after age 70 would drop from 8.7% to 7.89% but the downside is our effective tax rate from age 67 to 69 goes up from 8.7% to 15.3%.  Stretching this out over the full 30 years we will only pay a projected $4,000 less in lifetime taxes which is a negligible amount and hardly a benefit.  However, the important piece is the increase in income and discount in taxes comes when we need income the most at the end of life.  Expenses in retirement are not a linear straight line going up.  It’s more of a rollercoaster where expenses gradually go down but start steadily rising in later years as medical costs and assistance needs become greater. 

Other Considerations

Raising the monthly bridge payout equal to what we would have received at age 67 and 70 were considered. When I ran these two scenarios my wife loved it but I just could not warm up to it. In both scenarios we would not have enough funds from my current 401K and as such we would have to pull funds from our other portfolios. Getting a larger payout on the front-end at the sacrifice of growing dividends on the back-end when we need the most income for health care or long term care just did not sit well with me.

Declining cognitive ability is something we have both considered and highly probable based on my wife’s family medical history.  Not an enjoyable conversation to have for sure but a reality we need to address. A larger social security payout diminishes some of that concern as it removes some decision-making regarding investments.

Lastly, we considered that current state of the Social Security program.  Will benefits remain the same, get cut or eliminated completely?  We both agreed for now its nothing more than political banter.  The voting block for both Boomer and Gen X is too large and any politician looking to cut or eliminate social security would be committing political suicide.

Conclusion

The beautiful part of marriage is the ability to compromise. While I initially approached this with skepticism and my wife with optimism we met part way. We both liked the use of 10% of our portfolio as a bridge as it brings her satisfaction of less risk but still leaves enough on the table for significant future returns. Those future returns should be enough to fund any long term care my wife may need and still have the ability to leave our children with a decent inheritance.

When I started this process I thought there was no need for a bridge, but after running through different scenarios I have changed my tune. This may be the most affordable route to buying longevity insurance via social security.

Buys and Sells for the Week 11/4

Markets recovered off of October lows and stalled. Guessing we won’t see significant movement until post elections. Here are my trades for the week:

1. Schwab U.S. Dividend Equity ETF  – increased position – With a P/E ratio of 13.48 I view this as the best way to buy into the market right now. Grabbed 6.86 shares @ $72.86 and a 3.4% yield.
2. CTO Realty Growth (CTO)  – increased position – SCHD does not include REITs. Grabbed 10.8 shares @ $20.18 and a 7.53% yield
3. United Parcel Service (UPS)  – increased position – Big brown is my largest position but at this price it doesn’t hurt to add a little more. Grabbed 1 share @ $163.15 and a 3.73% yield.

October Dividend Income

After 35 years of clocking in and out of work and religiously saving at least 10% annually in my 401K every year, my countdown to financial independence is in sight. Each month is a step closer and let’s look at how this past month is getting me there.

For the month of October I made $3672.03; an increase of 10.93% versus this time last year. This is below my 12.5% goal but still acceptable as most of my new and reinvested funds have been buying stocks that payout in the last month of a quarter.

In October I received 3 dividend raises from ABBV, ARCC & PNW.  Together this will add an additional $309.73 to my annual income going forward.  The bulk of that comes from ARCC with their large 11.6% raise.  Looking at next month AT&T will be the big question mark if they are returning to their traditional November timeframe for announcing a dividend raise.

On the home front I spent my time getting the house ready for winter. Only things I have left to do is change the oil in my snow blower and clean my chimney before I startup the woodstove and wait for that first snowfall.  

At work it is time to renew my benefits. Out-of-pocket costs increased 9.16% with a breakdown of each benefit as follows, Medical Insurance +10.45%, Life Insurance +6.1% and Disability Insurance +4.04%. 

One last cool thing I love about this month is it changes my retirement calculator. In my new image at the top of the post the years column went from 5 to 4, it is getting real baby!

Date	Symbol	Company	Amount
10/3/22	AGR	AVANGRID	$24.34
10/3/22	ALL	ALLSTATE CORP	$5.14
10/3/22	DIVO	AMPLIFY ETF TR CWP ENHANCED DIV	$100.86
10/4/22	GRMN	GARMIN LTD	$77.51
10/4/22	IRM	IRON MTN INC	$500.07
10/4/22	KMB	KIMBERLY-CLARK CORP	$17.37
10/6/22	GSK	GSK PLC	$101.60
10/6/22	TU	TELUS CORPORATION	$56.13
10/7/22	MRK	MERCK &CO. INC	$152.21
10/11/22	BBY	BEST BUY CO INC	$21.38
10/13/22	MPW	MEDICAL PROPERTIES TRUST INC	$208.12
10/14/22	AQN	ALGONQUIN PWR UTILS CORP	$338.60
10/14/22	KBAL	KIMBALL INTERNATIONAL INC	$2.51
10/14/22	LEG	LEGGETT &PLATT INC	$303.42
10/14/22	WPC	WP CAREY INC	$583.13
10/17/22	CPT	CAMDEN PROPERTY TRUST	$14.42
10/17/22	EPR	EPR PROPERTIES	$85.49
10/17/22	PKG	PACKAGING CORP OF AMERICA	$20.15
10/19/22	BCE	BCE INC	$388.63
10/20/22	PSEC	PROSPECT CAP CORP	$98.13
10/28/22	OGE	OGE ENERGY CORP	$147.03
10/31/22	AMNF	ARMANINO FOODS DISTINCTION INC	$44.10
10/31/22	BGS	B&G FOODS INC	$283.29
10/31/22	BNS	BANK OF NOVA SCOTIA	$37.97
10/31/22	NUSI	ETF SER SOLUTIONS NATIONWIDE NASDQ	$15.71
10/31/22	M1 Finance	M1 DIVIDEND GROWTH ACCOUNT	$44.72

Buys and Sells for the Week 10/21

The air is getting cooler and so are market fears. Here are my trades for the week:

1. Schwab U.S. Dividend Equity ETF  – increased position – Waiting till Friday did not get me the best price. Grabbed 3.5 shares @ $70.07 and a 3.53% yield.
2. Pinnacle West Capital Corp. (PNW)  – increased position – PNWs turn this week for a utility buy. Grabbed 1.4 shares @ $62.94 and a 5.4% yield
3. Realty Income Corp (O)  – increased position – Feels like this stock is always richly priced but taking advantage of this pull back. Grabbed 1.5 shares @ $57.54 and a 5.16% yield.

Buys and Sells for the Week 10/14

Inflation came in a tad bit worse than expected but strong earning reports on Thursday surged the market. Here are my trades for the week:

1. Schwab U.S. Dividend Equity ETF  – increased position – Best way to buy into this down market is with an ETF. Grabbed 4.4 shares @ $67.94 and a 3.64% yield.
2. Allete Inc (ALE)  – increased position – Taking advantage of utilities while they are down. Grabbed 1.88 shares @ $47.85 and a 5.43% yield
3. Realty Income Corp (O)  – increased position – Feels like this stock is always richly priced but taking advantage of this pull back. Grabbed 1.6 shares @ $55.95 and a 5.32% yield.

Revisiting Dividend Growth & Inflation

Some older readers of my blog may remember my old blog site on the wikidot platform (was surprised it is still up by the way) and one of the topics I was extremely focused on back then was dividend growth companies that routinely beat the rate of inflation. I viewed it as such an important topic I even created the Inflation Beaters Index that was based on David Fish’s Dividend Champion list and the end of the year there would be a summary post that looked like this:

I stopped maintaining the index at the end of 2020 because it took quite a bit of effort to maintain and I believe only one fellow blogger outside of myself was actually using the file. As such, when I migrated to the wordpress platform I dropped the topic.

The motivation for pulling his list together was to validate the claims that dividend growth investing is good for combating inflation. At the end of the day the results were just…ok. Not great but no bad either. At the end of 2020 the Dividend Champions list (companies that have grown their dividends for 25+ years consecutively) totaled 138 companies. Out of that only 49 companies (36%) were able to not just raise their dividend but also beat the rate of inflation every year. Needless to say companies whose dividend raises exceed the inflation rate are much more rare.

Going back to that original list, I pulled the top 6 with the longest streaks and updated their streaks. I realize 2022 is not over but if I list the companies most recent raise announcement we can take an educated guess if these companies will remain at the top. With only 2 of 6 having a definitive outlook of raising their dividend more than inflation it doesn’t paint a great picture.

Company	Ticker	Consecutive Yrs Inflation Beat thru 2021	2022 Div Incr.	Likelihood of beating 2022 Inflation
McDonald’s Corp.	MCD	43	10.14%	Definitely
Johnson & Johnson	JNJ	40	6.60%	Unlikely
Medtronic plc	MDT	38	7.93%	Slim
Automatic Data Proc.	ADP	0		Failed to beat 2021 Inflation
Computer Services Inc.	CSVI	37	7.40%	Slim
Target Corp.	TGT	37	20%	Definitely

By the end of this year I would estimate the list gets viciously cut down to just 16 to 18 companies out of the original 49. Inflation has been brutal this year all around and even dividend growth did not provide a reprieve. However, the raises we did receive did dull the pain some and it is better than the alternative of a dividend cut or freeze.

Buys and Sells for the Week 10/7

Fear is in the streets and short traders are in full swing doing their thing. Here are my trades for the week:

1. Schwab U.S. Dividend Equity ETF  – increased position – Every week seems to yield a new 52 week low. Grabbed 14 shares @ $67.94 and a 3.64% yield.
2. CTO Realty Growth (CTO)  – increased position – Continuing to build out my smallest REIT position. Grabbed 10 shares @ $18.68 and a 8.14% yield
3. Pinnacle West Capital Corp (PNW)  – increased position – Spreading the love and grabbing a utility while prices are down. Grabbed 3 shares @ $66.56 and a 5.11% yield.
4. Allete Inc. (ALE)  – increased position – Yet another utility down on it’s luck. Grabbed 4 shares @ $49.32 and a 5.27% yield

September Dividend Income

After 35 years of clocking in and out of work and religiously saving at least 10% annually in my 401K every year, my countdown to financial independence is in sight. Each month is a step closer and let’s look at how this past month is getting me there.

For the month of September I made $5719.32; an increase of 10.15% versus this time last year.  This is below my target of 12.5% but expected as NEWT cut back its dividend after the PPP loans were done. While it was a good month for dividends, my portfolio value severely dropped and was at the lowest point year to date as I am down -15.4%.   

In August I received 5 dividend raises from LMT, MSFT, OGE, VZ & WPC.  Together this will add an additional $55.36 to my annual income going forward. Thankfully the dog days of a dividend raise summer are over and raises begin to pick up in September.

On the family front my middle daughter came down with COVID.  She has since recovered but was kind enough to share as I now have COVID as I write this update. Not really feeling up to writing much more so here are the charts:

Date	Symbol	Company	Amount
9/1/22	ALE	ALLETE INC	162.97
9/1/22	CMI	CUMMINS INC	44.75
9/1/22	DIVO	AMPLIFY ETF TR CWP ENHANCED DIV	111.61
9/1/22	PNW	PINNACLE WEST CAPITAL CORP	210.21
9/1/22	PSX	PHILLIPS 66	29.15
9/1/22	SJM	SMUCKER J M CO	19.66
9/1/22	UPS	UNITED PARCEL SERVICE INC	351.10
9/1/22	VLO	VALERO ENERGY CORP	35.28
9/6/22	ENB	ENBRIDGE INC	248.25
9/6/22	JNJ	JOHNSON &JOHNSON	200.28
9/6/22	PFE	PFIZER INC	240.92
9/6/22	SO	SOUTHERN CO	70.88
9/6/22	UL	UNILEVER PLC SPON ADR	56.40
9/6/22	WMT	WALMART INC	14.75
9/8/22	AMGN	AMGEN INC	11.85
9/8/22	DFS	DISCOVER FINANCIAL SERVICES	15.69
9/8/22	MSFT	MICROSOFT CORP	68.00
9/9/22	SNA	SNAP-ON INC	34.17
9/9/22	WBA	WALGREENS BOOTS ALLIANCE INC	71.22
9/12/22	CVX	CHEVRON CORP	23.96
9/12/22	IBM	INTERNATIONAL BUS MACH CORP	156.84
9/12/22	MMM	3M CO	63.12
9/15/22	AVA	AVISTA CORP	149.38
9/15/22	EPR	EPR PROPERTIES	85.49
9/15/22	FAF	FIRST AMERICAN FINANCIAL CORP	168.11
9/15/22	GM	GENERAL MTRS CO	13.55
9/15/22	NWL	NEWELL BRANDS INC	25.56
9/15/22	OGN	ORGANON & CO	5.75
9/15/22	PRU	PRUDENTIAL FINANCIAL INC	526.71
9/16/22	BHB	BAR HARBOR BANKSHARES	55.72
9/16/22	DUK	DUKE ENERGY CORP	69.43
9/16/22	R	RYDER SYSTEM INC	58.77
9/20/22	CMP	COMPASS MINERALS INTERNATIONAL INC	28.65
9/21/22	PSEC	PROSPECT CAP CORP	98.13
9/22/22	QCOM	QUALCOMM INC	177.49
9/23/22	BP	BP PLC SPONSORED ADR	9.45
9/23/22	KHC	KRAFT HEINZ CO	9.80
9/23/22	LMT	LOCKHEED MARTIN CORP	25.97
9/23/22	WM	WASTE MANAGEMENT INC	46.92
9/26/22	NUSI	ETF SER SOLUTIONS NATIONWIDE NASDQ	16.22
9/26/22	SCHD	SCHWAB US DIVIDEND EQUITY ETF	46.12
9/27/22	XRMI	GLOBAL X FDS S&P 500 RISK	27.09
9/27/22	XYLD	GLOBAL X FDS S&P 500 COVERED	69.86
9/29/22	BEP	BROOKFIELD RENEWABLE PARTNERS	280.59
9/29/22	BEPC	BROOKFIELD RENEWABLE CORP	70.08
9/29/22	TROW	PRICE T ROWE GROUPS	25.40
9/30/22	ARCC	ARES CAPITAL CORP	563.87
9/30/22	AVGO	BROADCOM INC	8.50
9/30/22	CTO	CTO RLTY GROWTH INC	67.32
9/30/22	GATX	GATX CORP	55.27
9/30/22	NEWT	NEWTEK BUSINESS SVCS CORP	537.50
9/30/22	PEP	PEPSICO INC	61.14
9/30/22	WEYS	WEYCO GROUP INC	26.41
9/30/22	M1 Finance	M1 DIVIDEND GROWTH ACCOUNT	68.07