SHARPE INCOME … An Order for this Project

Posted on Feb 5 2015 - 11:17am by Sharpe Trade

The original Sharpe Income post can be found here.

The Sharpe Income category be be found by clicking on that red ‘Sharpe Income’ tag next to this post title, or by clicking here.

We continue the discussion from the last entry.


So I stated that for the purposes of this project, I was interested in buying not one, but two different income producing assets as a bit of ‘Comfort Income’ after a trading loss I experienced in the Sharpe Report.  As we said, I will be looking to buy two different assets, PCY and JNK that will work together as individual pieces in a larger strategy, as one position.

But for now, I’m only going to pick up JNK at these levels.  PCY can come later.

JNK is printing around $39.13 as I write this.  This Sharpe Income project can pick it up, for $39.14, and the project will pick up 7 shares.

As well, I pay zero commissions on such ETF’s with my broker.

But just for the sake of demonstrating such a project without some of the advantages that are available?  I don’t know … just to keep things … interesting?  We’ll go ahead and even tack on $6.00 commissions to this purchase in the project.  Just to keep things fair, all the way around.

As well, keep in mind that the Sharpe Income project does not qualify for this months dividend with JNK.  We will however keep JNK, and qualify for next months dividend distribution.

We continue the Sharpe Income project in this next entry.

The link to the Google Drive Spreadsheet that you can view, that we will edit, built upon and refer to over time can be found at this link.

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