Brookfield (BN): Dividend Payout

Brookfield (BN) paid out its quarterly dividend last Friday evening (which is after the Investments in Play goes live on getirked.com). While meager, every little bit helps, and Brookfield’s dividend lowered my per-share cost -0.30% from $30.20 to $30.11. Unfortunately, because Brookfield is headquartered in Canada and not the U.S., my brokerage only allows me to accept the dividend as a payout and not reinvested shares, however it serves the same effect in lowering my cost basis.

From here, my next buy target is $29.07, a bit above the lows Brookfield saw in October 2023 and my next sell target is $43.97, just under a key point of resistance Brookfield has seen in the past.

JP Morgan (JPM): Profit-Taking

When JP Morgan (JPM) and the rest of the money-center banks continued their rally on Thursday, I decided it was time to take some more profits out of the position with a sell order which sold 13.44% of the position at $172.79, locking in +68.91% in gains on shares I bought when I initially opened the position at $102.30 back when I first opened the position on October 26, 2017.

The buy lowered my per-share cost -$28.55 from -$11.15 to -$39.70 (a negative per-share cost indicates all capital has been removed in addition to $39.70 per share added to the portfolio’s bottom line in addition to each share’s current value).

From here, my next sell target is $199.79, just under the psychological round-number of resistance of $200.00, and my next buy target is $102.08, above the low JP Morgan saw at the depths of the 2022 selloff.

JPM closed the week at $172.27, down -0.30% from where I took profits Thursday.

Nike (NKE): Dividend Reinvestment

Nike paid out its quarterly dividend on Wednesday, which, after reinvesting, raising my per-share “cost” +0.76% from -$10.49 to -$10.41 (a negative per-share cost indicates all capital has been removed in addition to $10.41 per share added to the portfolio’s bottom line in addition to each share’s current value).

The reason reinvesting the dividend “raised” my per-share cost is since all of the capital and quite a bit of profit have been taken out of my Nike position, adding more shares means the same amount of profit is divided across more shares, thus making the amount of profit per-share “smaller.”

From here, my next buy target is $88.69, slightly above the last big low Nike saw in October 2023, and my next sell target isn’t until Nike approaches its all-time high with my target at $178.81 where Nike will have outgrown the target allocation size for the Investments in Play portfolio.