Last week, I placed a limit order to purchase one share of FMCB for $967. That order did not execute on Friday. With FMCB’s stock price going from $950 to $975 that day, skipping right over my order, I thought there was a good chance it would not execute during the week. Therefore, I set up a market order to purchase 3 shares of QCOM on Tuesday morning. Shortly after that acquisition, my limit order on FMCB executed. And so, because the total invested this week was above $1,250, I will be abstaining from the usual $250+ investment for a total of four weeks, of which this week will be the first. This maintains the $250+ per week average. That being said, I am still going through the motions of the weekly rankings because it helps to see a complete and utter lack of progress in my attempts to amass wealth.
This week, four of the portfolio holdings ranked in the Top Ten: FMCB, MMM, QCOM, and TDS.
| Ticker | Account Value |
| FMCB | 1,920.00 |
| MMM | 2,377.05 |
| QCOM | 2,501.94 |
| TDS | 1,903.20 |
The lowest amount belongs to TDS.
The market’s response to TDS’s 2023 Q1 earnings announcement was decidedly negative, dropping TDS to levels not seen in 35 years. However, there are signs that their growth plan is moving in the right direction. On May 19th, the call option will undoubtedly expire worthless, and I will be shopping for a new one. The strike price will most certainly be lower, but I’ve been down this road before. It can take years for turnaround plans to work and for the market to recognize those efforts. Royal Dividends will continue to raise as much income as possible from this holding while it works itself out of the mud.