* Pocket Change Portfolio - January 2009

On the second or third Saturday of the month I update the Pocket Change Portfolio (PCP). The table below reconciles the PCP from beginning of period to end of period for January 2009, Year-To-Date (2009) and Life-To-Date. The Portfolio Returns line provides the calculated return for the three displayed periods.

Description	Jan-2009	Year-To-Date	Life-To-Date
Beg. Portfolio Value	3,395.62	3,395.62	-
Online Cash Receipts	703.02	703.02	4,251.37
Online Expenses	(10.00)	(10.00)	(104.40)
Gross Profit	693.02	693.02	4,146.97
Dividends	-	-	25.16
Interest Income	1.13	1.13	7.28
Subtotal	694.15	694.15	4,179.41
Gain/(Loss)	(194.06)	(194.06)	(283.7)
Ending Portfolio Value	3,895.71	3,895.71	3,895.71
Portfolio Returns	(4.72%)	(4.72%)	(-32.90%)

Online Cash Receipts are the collected earnings from my online endeavors. Most of which is advertising on the my various blogs. The $10.00 Online Expenses relates to registering 1 domain (DividendsValue.com). The Dividends line is for dividends earned in the PCP. The Interest Income line is interest earned on cash balances in an ING account I set up for the PCP. The Gain/(Loss) line is for market changes to the PCP (realized and unrealized).

With the move to WordPress at the end of January, I suspect that online earnings will drop for a period of time until Dividends Value has a chance to establish itself.

During the month of January, I purchased 26 shares of Consolidated Edison, Inc. this will provide me with an additional $60.84 of annual dividend income. I did not receive any dividends in January. I ended the month with $1,046.97 in cash. This will allow me to purchase my fourth stock in the PCP during the month of February or March. It is my goal to have sufficient earnings to purchase a stock at least once a quarter.

My PCP holdings are always available by selecting the Holdings option from the menu in the header. The next PCP update will be in early March.

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