Well, I finally purchased stock for my re-vamped Roth IRA. If you recall, I wrote a few weeks ago about how I was changing around my roth IRA. I've had my eye on ARR for quite some time now. Today was the ex-dividend date, so I decided to go ahead and buy today on the dip. I bought 1110 shares at 6.97. Using the current dividend yield, I will be collecting $122.10 per MONTH. I realize this is a pretty risky play, but the idea here is to purchase high-yield, high risk stocks in the beginning, and then over time, use the large dividends and annual contributions to purchase incrementally lower yield/risk stocks.
I'll be collecting some dividends next week in my taxable account, so I'll be looking to buy something there soon as well.
Big J
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