Everyday I'm constantly monitoring and evaluating my portfolio holdings. As my portfolio continues to grow in size it becomes more and more important to monitor company news such as dividend increases, earnings reports and all relevant company happenings.
As I continue to evaluate most recent company earnings sometimes a few things jump out at me. I like to maintain a SWAN stock other wise know as a sleep well at night stock. It's amazing to me how things can shift so quickly for some companies. a little over 6 months ago I was buying up OHI and feeling very confident about my position.
I like to maintain some degree of risk/reward in my portfolio but after the last two quarters and earnings releases I had developed a lot less confidence in the large stake I held in my portfolio. A few things really hit me, one being the company announced they would not be able to increase the dividend payment over 2018. This is a big wake up call to investors that the company is not in the financial position they should be.
The company is currently going into a restructuring phase and trying to find new tenants to lease buildings to. They have had a few rough quarters due to some tenants also not paying up which really puts a damper on the metrics. I personally felt that I had to much capital invested into what was becoming a high risk play.
I decided to sell 70% of my holding and reallocate the fund among multiple companies. I ended up selling 87 shares which reduced my annual expected dividend income by an astounding $230... This is never fun to see but I knew it must be done in order to reduce the risk in my portfolio.
I distributed the funds as such.
Stag 42 shares $59.64
ADM 10 shares $13.40
ED 5 shares $14.30
NRZ 12 shares $24
WPC 10 shares $40.40
Annual expected dividend from purchases = $151.74
With the sale and redistribution of the funds my annual dividend income is at $2,590.23. This is still an amazing number but it just hurts to see it take such a steep dip. However, I know this is just temporary and It will be back into full throttle now that I've made some adjustments in the portfolio.
I have really been analyzing my current holdings and will continue to invest in solid long term dividend growth companies. I probably should have never let my OHI position get as large as it was but, it's easy to lose sight of practical investing standards when one is faced with a high dividend yield. The company will most likely turn the whole situation around but for now I'm going to be sitting on the side lines. I would love to own OHI again down the road but for now I'm going to be focusing on solid blue chip DGI companies.
Thanks for stopping by and feel free to leave me a comment down below about my most recent trades.
One of the most important things about being a DGI is maximizing your savings rate. This may seem like a no brainer but the more money I save per month translates to more money that I'm able to invest in my Independence Fund. Reducing my monthly expenses is always something that is on the front of my mind. It's difficult to maintain the balance but one of the best things one can do for things shelves is to be aware of what they are spending on a month to month basis.
It has been 8 months since I first posted my Article about how I'm going to be working towards reducing my monthly expenses. I was asked by a frequent reader (Christian), on how my initiative has been going and they expressed interest in an updated article.
First off let me say that I have made some big moves to reduce my monthly expenses along with finally paying off my auto loan. This alone will save me an extra $152 per month which will translate right towards my savings rate. I have also cut a lot of extra expenses out of my life that are unnecessary. I have been really frugal with my grocery stores purchases and I tend to stick to only the essentials with very little snack foods or indulgences. I have also maintained my brewing of my own kombucha which has been extremely successful and has saved me over $50 per month.
Let's take a look at what my month to month expenses have been since writing the article.
June 2017 $2,777
July 2017 $2,095
August 2017 $2,294
September 2017 $1,809
October 2017 $3,060
November 2017 $2,909
December 2017 $3,692
January 2018 $2,746
Expense Total = $21,382
Average monthly Expenses $2,673
Overall I'm somewhat satisfied with this average. However, I do have a goal to bring this down to the $2,000 range. A few things that also help bring me into realization of having an elevated monthly expense rate was the large $1,200 tire and wheel purchase. I also had higher expenses due to the holiday season. I will be keeping a very tight wrap from here on out as I try to work towards my $2,000 a month goal. The big question is how am I going to get there?
I will be saving $152 from not having my auto loan payment and I also have plans to really question the purchases I decide to make and if they are absolutely necessary. I'm hoping to post another article 6 months out from now that will be more along the lines of where I want my monthly expenses to fall.
What are other people doing to reduce their monthly expenses? Does anyone have any tips for me that would be practical? Thanks for letting me know and I appreciate all input.
Alright everyone, This is a big purchase spree. I had a very nice bonus come in and I decided to put all this hard earned capital to work for me. I was able to spread the capital around and pick up a lot of positions thanks to having zero trading fees with Robin Hood.
Since I don't have to pay any fees for trades, I'm able to make multiple smaller purchases which really allows me to diversify with each round of purchasing I make. With this massive round of investing I added 3 new companies to my holdings which now brings my portfolio to a total of 29 companies! I really don't intend to be adding much more for now as I'd like to now focus on boosting current positions in my portfolio that are near 52 week lows.
I made 10 separate purchases spread out over the course of a week. I was simply choosing companies near 52 week lows and trading with an average of $500 per purchase. Down below I have a list comprising of the ticker of the companies, amount of shares purchased, and the annual dividend income I will now be generating thanks to said shares.
Without further ado, here it is
WPC 8 shares -$32.32
DUK 6 shares - $21.36
STAG 34 - $48.28
FRT 10 shares - $40
D 7 shares - $23.38
ED 6 shares - $17.16
PG 7 shares - $19.32
EMR 14 shares - $27.16
ADM 11 shares - $14.74
ABBV 4 shares - $11.36
Thanks to this massive round of investing I was able to add an astounding $254.98 towards my expected annual dividend income! Now mind you, this doesn't happen often at all but I have no problem with putting this money to work for me. I was blessed with this amazing bonus of cash and I couldn't be happier with all the new trades I have made.
My new annual dividend income expectation is now sitting at $2,816! I have watched this number grow hand over foot already this year and it's going to keep on going with a few companies expected to raise dividend payments soon along with my 2017 tax return that I'll be adding to it next month.
I'm not to sure what to expect from this years return but I have a feeling I could be surprised. I'm also very excited to put my tax return income to work for me also so I'll be posting another purchase update sooner rather then later.
I made a lot of purchases in the Utility and REIT sectors. I can't pass up amazing companies near 52 week lows that offer a juicy 5% yield. I'm going to be extremely safe on how much of my portfolio I have allocated and I may need to do some adjustments in order t balance out my portfolio. I'll be looking into that more as the month goes by.
How does everyone feel about my latest round of purchasing? I added to 5 dividend aristocrats and I picked up a dividend king. These kind of quality dividend growth funds will always have a much welcomed place within my portfolio and I'm looking to usher even more in down the road.
Thanks for stopping by and I hope everyone enjoys the rest of their day.
What an exciting start to the new year this month has been. The market has been on a tear lately and it isn't showing any signs of slowing down. It has been an amazing month with some key players in the dividend game posting some amazing numbers this quarter. I'm really excited to see what the rest of the year holds for the market and my Independence Fund.
This is my absolute favorite part about being a DGI and keeping track of my portfolio performance month over month. It really helps keep me on track and engaged in the happenings of my fund. I was able to achieve another monstrous gain of a month due to a few things that affected my portfolio balance. The first thing was that I sold all of my crypto currency holdings and transferred over all of my funds into my Independence Fund. This was able to net me an extra $3,000 in portfolio funds. The second thing that really boosted my portfolio is all the investment growth my fund has netted me. My fund has been growing by a solid $200-300 on a day to day basis. The 3rd thing that has really helped me is the monstrous amount of dividends my portfolio has brought in this month.
Overall I brought in $3,597 over last month which represents a 6.59% over last months total. I also had two dividend increase announcements by KMB and EMR that represented a 3% and 4% increase for my perspective holdings. It's nothing to write home about but the increases did boost my overall annual dividend yield by $3.42 Annually which adds up
I also posted my best monthly dividend income of $276.24! I'm absolutely blown away by this number but this is mostly due to the special dividend I have received from ORI. They announced a $1 per share special dividend that brought in an additional $125.89 from my holdings. Now I can't expect this every year, but it sure is nice to post dividends over the $200 range. I can only expect that this number is going to continue to grow YOY and I'm going to continue to post some amazing dividends this year.
I have made a few more additions to my portfolio also which has boosted my annual dividend income to $2,540.16. I'm slowly approaching the $3,000 mark which will be a pretty big threshold to cross on my way towards my $4,500 EOY dividend goal. These companies were O and STAG. If anyone has noticed I've really taking a likening to building up my monthly paying dividend stocks to short of balance out my month to month income. I have also been investing heavier into these because these companies are currently at their 52 week low which is a great value play and my favorite time to buy. I'm looking to add more REITs and Energy stocks into my holdings this month as they have been beaten down for no good reason at all.
January Expense = $2,746
My monthly expenses have also started to normalize again after the insane spending have down over the past few months due to car and Christmas needs. I'm excited to be able to post some numbers closer to the $2,000 range next month and I'm going to try my best to keep it that way to maximize my savings rate. If I can keep it around the $2,000 a month range I'll be able to add close to $500 more in my portfolio which will add up to an extra $5,000 but years end which will further help boost me to my year end goal of $100,000.
I'm super excited to post this first update of the year and I hope to continue this trend of success on a month to month basis.
What an exciting start to the year. I was able to put a lot of capital to work for me and I'm super excited about my most recent investments. Most of this extra money came from my wildly successful venture into the cryptocurrency space. I was able to use a little bit of cash and day trade it into a pretty substantial amount. I know the crypto space is highly speculative right now but I wanted to get in and get my hands dirty.
I was able to day trade close to $2,000 in profits over 3 weeks which is pretty good considering the small amount of original capital investment I put in. I ended up timing the market just right and I pulled my money out before the whole market took a dive. I did leave a bit of house money behind in the market that I'm going to be day trading with more after I get home from Thailand. My goal is to day trade this small amount of capital back into a bigger portion.
With all my earned capital, and extra cash flow I was able to pick up a great variety of companies. I'm really liking the higher yield and risk-reward stocks right now as I'm feeling very bullish about the current economic situation. It has been harder and harder to find dividend aristocrats with a higher yield lately due to the most recent bull run the market has experienced. I have also really liked the monthly dividend paying companies and have been putting more and more money into them as time goes by.
NRZ 17 shares $34
WPC 5 shares $20.20
EMR 1 shares $1.94
QCOM 4 shares $9.12
MAIN 25 shares $57.00
O 19 shares $48.45
After these latest additions, I added a whopping $170.71 to my annual dividend income. I'm not expecting to see gains like this every month but it sure is nice when I have some extra capital to invest. As stated, the bulk of this capital was made trading crytpo currencies. I'm going to be sitting on the sidelines for now and watch my dividend income roll in.
After this latest round of investing, my annual dividend income now sits at $2,518.03. This was a massive increase and it's a welcome sight to see my portfolio Cruze past the $2.5k mark. It gets me super motivated when I see gains like this as I know they are going to really help propel my portfolio towards my end of year goal.
With tax season quickly approaching I'm also expecting to see a sizeable boost once again within my portfolio. I'm going to really diversify the funds across a number of companies I already hold and a few new names that I've been eager to pick up.
Thanks for taking the time to read my lastest update and I'll be trying to stay active as much as possible while in Thailand.
It's finally 2018 and I'm excited to kick this year off with some massive growth goals for my portfolio! This is going to be a very challenging year for me since I'm going to be setting some very aggressive goals for myself. I really want to set stretch goals to force myself to really dig deep to accomplish the insane goals I'm going to be setting.
This year is going to be all about maximizing my savings potential and shuttling as much capital into the market as I can. I'm going to try super duper hard to keep my month to month expenses around the $2,000 - $2,500 mark. This is going to be extremely important in order to hit my goals that I'm setting for the Independence Fund.
Without further ado, here are the goals I'm setting for 2018!
I'm going big this year and I want to achieve a total portfolio value of $100,000 by years end. From where I currently stand this represents and increase of $46,000! I was able to achieve an Impressive $34,000 increase last year and this year I'm going to hit it out of the park with the extra $10K by years end. Lets break down the numbers.
I'm going to have to achieve an average portfolio growth of $3,833 month to month. I still don't know how I'm going to be able to make this possible but I'm going for it. My account now generates close to $2.3 in dividends per year. If I subtract that and also give me self a healthy portfolio growth average of 10% that will put me at $7,800 in investment income working towards my goal. That leaves me with a whopping $38,000 still that's going to be up to me to save. I'm not going to try to wrap my head around it any further but something deep down inside of me tells me I'm going to be able to accomplish this goal.
Next up is my overall annual dividend income. Obviously this one is going to relate to my overall portfolio value and I'm still going to set the bar high at a goal of $4,500 by years end. This represents an Increase of $2,243. This is going to be extremely doable if I'm able to obtain my over all portfolio value target. I also have my eyes set on a few higher dividend yield companies that will allow me t dip my toes into the higher risk vs reward pool. I'm still very young and I can afford to take the extra risk especially since the economy has made a 180. I feel that now is the time t make the hey while the sun is still shinning so I will be putting more capital into more risk tolerant funds to further help boost growth and yield. I have already started to do this a bit towards the end of last year and it is proving to be very stable and successful so far
Part of this risk I have been taking is jumping into companies such as WHF, MAIN and NRZ. They have higher yields and are riskier in a down economy but for now I'm not going to be worried about if the economy goes south since this year should prove to be an exceptional one for market growth.
I also am setting a massive goal of increasing my total portfolio holdings to 40 companies. Why would I want add 16 more positions to my portfolio? Well, first off is diversification. It has proven to me that diversification is key in life and why not continue to add great paying dividend companies into my portfolio? Second is dividend payment frequency. Currently I sporadically obtain dividends and they aren't to well spread out. It's not super important right now but I would like to have a more consistent month to month dividend received schedule. I'm going to do this by investing in more monthly paying dividend companies such as MAIN, STAG and O. This will help balance out my monthly income and will further help to snowball my dividend income to achieve my over all yearly goal.
The more and more I learn about monthly paying dividend companies the more and more I want to dive right in. Investing is all about compounding those returns and why wouldn't I want to compound my dividends on a month to month basis rather then a quarterly basis? Now, I'm not saying that I'm going to sell my whole portfolio and contain only monthly paying dividend companies but it wouldn't be a bad Idea for me to beef up my monthly paying dividend holdings since I currently only have MAIN. Keep an eye out for my next few dividend investments as they will most likely be a monthly paying dividend company.
That concludes all the personal portfolio goals I have set for my fund this year. Hopefully I set these goals high enough and I haven't left anything major out. I have set some personal life goals also but they aren't anything new since I don't really care about setting resolution goals for the year. I will continue to carry out my lifestyle goals and this investment blog really helps me keep on track with my financial life goals. for the people wondering my life goals however, I'm going to continue my strict gym regime and keep packing on that muscle mass. I have set an overall physical weight goal of 200 lbs with a body fat percentage of 8%. I still have a few years to go as I have only been able to put on about 1lbs of muscle per month. As for more personal life goals, I want to continue to read the bible and grow in my faith and continue home improvement projects to increase the value of my home.
As I look for new ways to diversify and grow my Fund, I can't help but love it more and more as the days go by. I have also started to dip my toes into the wild world of cryptocurrencies and I'm going to play with these for a bit. I won't be adding any more capital into them as they feel much like penny stocks.I did start the year off with a small allocation of funds that I have managed to grow quite considerably already.
I've really grown fond of the fact that I have so much extra capital to my name that I can tap in the event that I needed to. I'm going to really put my best foot forward and try to grow this thing as much as possible this year and I hope by years end I will be able to report that I have hit all of my goals!
First off, Let me be the 500th person to wish you happy new years! It has been quite and an amazing year and I can't wait to keep this snowball rolling into this year also! I like to think of a new year as a time of reflection and goal setting. I feel that I do a good job already of self checking and adjusting myself along the way but I really like looking back at the total picture and being aware of key differences that have been made.
I have managed to conquer some pretty awesome goals and I've achieved some great results over just a year ago financially and personally. I have successfully broken all of my Independence Fund goals! I set some pretty hefty goals at the beginning of the year so It feels good to break all of them! First off was breaking the $50,000 mark. I managed to do this with flying colors and growing my Independence Fund by a whopping $31,815! This is a serious amount of cash and most of this was added by my own saving habits.
Second was my goal of breaking $1,800 in annual dividend income. I knocked this one out of the park also and ended the year at an annual income rate of $2,246.44! This is a surplus of $446 beyond my goal. A lot of this was driven by some higher investment yields such as OHI, WHF and my influx of extra cash.
and last but not least I wanted to own a total of 20 companies by year end and I ended up a little over that goal with a total portfolio holdings of 24. This helps to create more diversification, Increase the frequency of dividends my account brings in and also creates a pseudo ETF.
With all this being said and done another really big accomplishment is the breaking of the $200,000 net worth mark! I surpassed this by an Extra $9,000 this year and I couldn't be happier.
With all these great goals being smashed, I'm looking into next year with even bigger goals. I will be writing my new goal setting article this week and I'm going to really challenge myself and put some big goals down so I can shoot for the stars!
Moving into last months progress, I had one of my biggest holdings increase their annual dividend payout. T dividend increase affected my portfolio by adding an additional $7.47 annually. This only represented a 2% increase but they already pay such a substantial percentage that as long as it continues to grow I'm fine collecting the massive percentage along the way.
I received dividend payouts from a total of 12 companies amounting to $176.71 I managed to collect a grand total of 24 companies. My overall combined yearly dividend income came in at a whopping $1,467.66 which is $1,090.22 over last year! Man, I'm just loving these yearly statistics.
Moving into my next category of expense. I haven't been doing so hot in this category over the past few months and I need to work on raining it in. I have had some rather large expense such as new wheels and tires for my car and I also splurged a bit and bought myself a cat back exhaust system as a reward for doing so well with my annual savings. I need to allow myself to enjoy a bit of my money and I have had my eyes on it for a little while now so I pulled the trigger and I'm loving it every time I go for a drive.
Over the next few months I will be getting my expenses on track again and I'm aiming for that sweet spit of $2,000 per month. I'm not feeling to confident about hitting it next month either due to Christmas expenses but I'm hoping to post some good numbers come February. My expenses are the highest I have ever seen it in a single month but again, this is mostly due to the $1,100 wheel and tire expense. Without that I would have come in at about average with my typical spending.
December Expenses = 3,692
I'm really excited about last month in terms of account growth also. I wasn't able to save as much as I typically do but I was still able to achieve a remarkable number! A lot of this was fueled by investment income such as T regaining most of my cost basis back. This is one of my largest holdings so that growth really impacts me. Without further ado, I grew my account by $2,872 or 5.55%!! This was a way bigger increase then what I was expecting to receive this month and I couldn't be more thrilled about it! If you take a look at my graph down below, you can see a very nice steady rise in my account growth. Almost as if a stair way to financial freedom.
I'm really excited and looking forward to what 2018 has in store for the fund and a few other dablings I'm doing with crytpo currencies. Mostly I can't wait to share all the exciting things that have been happening with the portfolio and posting about the amazing benefits of investing in dividends. I know I wouldn't change a thing about this journey and I can't wait to tackle the new year head on.
I'll be posting my goal article within the week and I may not have the most amount of time over the next few weeks after however due to a trip I'm taking to Thailand. It's going to be a thrilling experience and I'm very pumped for the adventure.
What a stellar month it has been and I'm really enjoying the ride as the market continues it's bullish rise! It has been over a month now since I have been using the Robinghood trading platform and I just wanted to share some insight into how it has been so far and the methods I'm employing to simulate my own DRIP method since RH doesn't currently offer one.
I'm slowly adding into my current positions while still trying to open new positions and expand my ever growing portfolio. It has been a lot easier for me to put a little money into one position, and put a little bit over here into another position. I'm really enjoying the more laid back approach that I have developed using RobinHood since I don't have to be as strict with my trades. I used to be super strict because I wanted to keep my trading fees low and I know how quickly they can rack up and that equals money being thrown into the wind that could have been compounding in my fund.
I've been keeping a watchful eye on the market and I'm definitely being adamant about adding even more solid paying dividend aristocrats to my holdings. There are still a lot of good deals to be had in the market and one has to pay close attention to the everyday events in the market tin order to scoop up the deals. I'm really working at adding more and more aristocrats when I see a good deal pop up and so far I'm doing pretty well with 18 out of 24 of my holdings being in the aristocrat status. I've also been trying to have a good balance between expanding my company holdings while also increasing the current share count in my current holdings.
Ever since switching to RH I really don't have a good method for creating my own kind of DRIP method beside simply purchasing a single share of said company once I receive a dividend. It's not the same at all and one could argue that due to the positions in my RH account not being as large adding a single share is definitely better in the long run then if they did offer a drip method. The only snag I run into with this idea is that I would need to sometimes have a lot of extra capital allotted to simply add to these companies. I gave it a try over last week and ended up adding 1 share of ED which gained me $2.76 in annual dividends and 1 share of ADM which added another $1.92 to my annual dividend income.
I won't have to big of an issue with this one unless It continues to be higher share priced companies such as JNJ, PG and TROW. So far it appears to be a solid plane and I may end up adjusting down the road where I'll do a skip cycle on the higher priced companies if I can't swing the extra capital.
I also ended up adding another company to my portfolio that I've had my eyes on for awhile. That company is WPC. I took a small position of 6 shares totaling $412 which added $24.24 to my annual dividend income. I'm really loving the current share price of this company amazing with the amazing dividend yield of 5.86% a 16 year streak of paying increased dividends and a Free cash Flow of $16.59 per share which gives it an amazing AFFO of 73.4%.
What really makes this one shine to me is the diversification this company has with 1/3rd of their properties being held over seas. This is a strong suit to me as diversification is key in any financial situation and this further increases the safety net that this dividend achiever provides. It doesn't have the ultra high safety such as O but is never the less in a super stable spot to continue t grow revenue and dividend payouts down the road. I'm definitely going to be adding more to this one down the road and also looking to start a position in O very soon.
Over all these latest Pseudo DRIP investments and new company addition added $28.92 towards my annual dividend income. This ball is continuing to roll and I'm loving the pace this fund is picking up. It's gaining steam with every share added and every dividend increase. Thanks for stopping by and please comment and let me know what you think about my DRIP method and Company addition.
I've been chugging along these past couple of days just enjoying the gains in the market. I know this level of growth isn't going to last long and it feels good to watch my value increase however, it has put a damper on making new purchases as of late. Buying in at a higher price decreases my dividend yield on new buy ins. I'm constantly searching the market and trying to find great value plays that have good dividend metrics.
With all that being said, I feel that I have made some more great additions and I couldn't be happier to bolster my positions in these companies. I feel that their is great value and also sustainability in PG and EMR. These are stocks I've had my eyes on for awhile and I have missed numerous dips that I should have jumped in on. I have finally taken the plunge and added at what I feel is a good time.
PG has had a nice pull back from it's most recent highs which represents a good spot to buy in at. I was able to add 4 shares of PG which added $11.04 annually to my dividend income. It isn't a huge position but I'm slowly adding to it with every bit of capital I have and one day it will become a powerhouse in my portfolio.
This dividend king is a force to be reckoned with. I added to my portfolio is EMR. This is another staple dividend generating company that almost every dividend investor should have. Super stable share price with moderate volatility and a relatively high yield of 3%. I'm not going to complain about this yield and it's 60 year track record of growing it's dividend. With this yield and awesome ratio of 66%, I added another 3 shares of EMR which added $5.82 annually.
and last but not least, NRZ. 10 shares of NRZ added an extra $20 towards my annual dividend income. This is an experimental dividend investment much like WHF is. I have a very low amount of funds invested into each position and I'm playing it by ear. So far both companies have managed to perform very well for me and I'm looking at upping my position in both slowly as I go along. These won't be staple holdings in my portfolio but they will help boost my annual dividend income percentage and allow me to take a bit more of a risk because I can afford to at my age. I'm really looking forward to NRZ announcing their next dividend increase also. It's going to blow this stock even higher once management delivers.
I was able to grow my annual dividend income by $36.86 with this round of investments. That's a pretty hefty number with only investing $800 worth of capital. I'm going to continue this style of investing as It really allows me to diversify my portfolio and add to positions of weakness in small increments which allow me to take advantage of more opportunities in the market.
Thanks for taking the time to check out my most recent additions and I can't wait to get started on my next round! I don't anticipate this being till closer towards the end of the month due to capital allocations but I think I should be able to shuffle another grand in by months end.
HOLY SMOKES! It has been one heck of a month! I definitely didn't expect the month to go as well as it did. The market has experienced a very big pop in terms of growth last month and I'm not going to complain with my account blowing past my annual goal a whole month early when last month I wasn't expecting to break it at all.
I set up this website to track the moves I make in the market and for progress and goal tracking. It really helps me keep on track and focused when I can look back at previous months for inspiration. I'm typically blown away at the results I'm able to achieve in just a single month and I'm not going to complain about how good the market has been to me lately. Investment income is not what I'm setting out to do but I'm never going to be angry about having a larger portfolio value whatsoever.
The reason I call this fund the independence fund is because this fund is set up to provide me with financial independence down the road and so far it's shaping up to deliver me all the goals I'm asking from it. I know as the fund grows and I have more time in the market my fund will start to snowball more and more which will just help me reach my goals even sooner. I still have a solid 9.5 years to go and I have more faith in my plan playing out then ever before.
Lets get into the goods of what happened last month. Last month was a solid month for dividend income coming in at $211.73. With last month in the books my annual dividends received is now at $1,292.99. The year is really shaping up to be a stellar one and I can't wait to see what could happen by years end. The massive dividend number was driven by some good sized holdings in my portfolio and driven by 5 names. T, SKT, ABBV, MAIN and OHI. Most of these companies have very nice yields which helped propel me over the $200 mark. This is a very great number to fall into on a month to month basis and I couldn't be more proud of it.
Lets move into another aspect of the fund that has really helped me squeeze every penny I can into the fund. Last month was particularly expensive for me yet again due to the fact that I had to pay my Home insurance. The only reason this really hurt me is because I was bad and dipped into my escrow to purchase a stock a few months ago. I really need to get into a better discipline of not touching this money but it's hard for me not to when I see a great opportunity present itself. I always tell myself I'll put the money back but I never do! Whoops!
November Expenses = $2,909
Now on to one of the most exciting things I have seen this year. I BROKE MY PORTFOLIO VALUE GOAL! This is absolutely insane to me! Just last month I was calculating everything and I was thinking that there was no way in hell I was going to be breaking my goal. The funny thing is that the goal I set for myself was a stretch goal! I grew my portfolio by 12.4% or $5,716!!!! This is one massive number for me since I typically only grow my portfolio by $2,000 per month. So what caused my crazy growth this month? I got a larger then expected work bonus, I had some amazing investment growth and a decent dividend income. I'm not expecting to come any where near to this on a month to month basis but it sure does feel good.
After this steller month my portfolio has maintained an average growth amount of $2,631 which is not to shabby for my current income in life. I'm really excited to see where my portfolio will end up at the end of the year at this point. If this keeps up, I could see the $55,000 range in sight!
Read Full Article
Read for later
Articles marked as Favorite are saved for later viewing.
Scroll to Top
Separate tags by commas
To access this feature, please upgrade your account.