Follow the dividend investment decisions of a person who has no background in financial investment and wishes to take control of their financial future to retire from their full-time job at 60.

Weekly Portfolio Summary - 15 Jun 2019 19:08

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Portfolio Activity

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Portfolio News - (In Case You Missed These Headlines)

Preferred Apartment Communities (APTS)

Garmin (GRMN)

Iron Mountain (IRM)

3M (MMM)

Merck (MRK)

Phillips 66 (PSX)

AT&T (T)

T. Rowe Price (TROW)

W.P. Carey (WPC)

Interesting Blog Posts or Articles

Blog Posts
Leaderboard: Monthly Dividend Income From The Blogging Community by Dividend Driven
Stockboard: What Stocks The Blogging Community Are Buying This Week by Dividend Driven
Personal Finance Advice That Needs To Die by Ben Le Fort
Financial Security for Everyone by Retire Before Dad

Articles
Lawn Care is Absurdly Expensive
How a Big Emergency Fund Can Lower Your Insurance Bill - Comments: 0

Weekly Portfolio Summary - 08 Jun 2019 12:30

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Portfolio Activity

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Portfolio News - (In Case You Missed These Headlines)

Cummins (CMI)

Camden Property Trust (CPT)

Fastenal (FAST)

Hospitality Properties Trust (HPT)

Kraft-Heinz (KHC)

Medical Properties Trust (MPW)

Merck (MRK)

3M (MMM)

VEREIT (VER)

W.P. Carey (WPC)

Interesting Blog Posts or Articles

Blog Posts
Leaderboard: Monthly Dividend Income From The Blogging Community by Dividend Driven
Stockboard: What Stocks The Blogging Community Are Buying This Week by Dividend Driven
The things we DON’T teach about money in school (but really should!) By Debt Free Family
Emergency Fund Examples: 23 (Unexpected) Reasons Why You Need One

Articles
Financial Goals and the Arrival Fallacy - Comments: 0

New Buy CLDT - 06 Jun 2019 21:31

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Roth IRA Buy: Chatham Lodging Trust (CLDT)

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Purchase Price: $18.76/share
Increase in Forward Annual Div: $70
Inflation Beating Streak: 0 Years
Div Growth Streak: 0 Years
Yield: 7.04%

I realize Chatham Lodging (CLDT) is not a dividend growth stock but my REIT diversification was getting extremely light on Hotel REITs so I took advantage of a price drop and scooped up a small position with a 7% yield.

For those curious about my REIT diversification here are the different REIT sectors I try to maintain an even spread with:

  • Data Storage
  • Entertainment Facilities
  • Hospitals
  • Hotels
  • Industrial Facilities
  • Residential Apartments
  • Retail Stores
  • Senior Housing
  • Timber
  • Warehouses - Comments: 0

May Dividend Income - 31 May 2019 20:47

Tags: monthly_income

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After 32 years of clocking in and out of work and religiously saving 10% annually every year, in good times and bad, I have decided to share my monthly dividend income to show what regular saving and investing can accomplish.

For the month of May I made $2,412; an increase of 9.16% versus this time last quarter. The bulk of the increase came from dividend increases announced in the first quarter that are finally paying out.

For the month I made 5 stock purchases. Two were brand new positions in 3M (MMM) and Williams-Sonoma (WSM) and three buys were adding to positions in Leggett & Platt (LEG), Iron Mountain (IRM) and Weyerhaeuser (WY). I haven’t done this much buying in a while but market prices started retreating making some stocks affordable.

I’m tapped for cash right now and markets are continuing to drop making for quite a few decent entry points. I seriously hope that the markets stay depressed through the end of summer so I can capitalize on some decent yields from re-invested dividends to help juice up my forward dividend income.

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Looking at my 3 year goal metric I improved my percent complete by 0.83% from last month and most of that is coming from all the recent buying activity I have been doing.

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Progress on my last goal of saving an additional $2,000 of emergency cash increased from $200 to $650. Nice boost from last month but I am still off target by $300. - Comments: 2

No Mortgage Does Not Equal Less Expenses - 28 May 2019 22:02

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Last summer I had the joy of paying my mortgage off and owning my home free and clear. It’s the accomplishment many homeowner’s dream of and I accomplished it by age 50. It wasn’t accomplished through anything special, I bought a house I could afford and never moved or refinanced. There was no secret sauce to paying off a mortgage if that is what you were looking for but it is a reflection my saving and investing style.

The achievements I made with my investments where I now generate a consistent monthly dividend income (albeit 95% tax deferred) was done through decades of consistent savings just like my mortgage was paid off through decades of consistent repayment. Unfortunately though the cost of home ownership is far from over after the mortgage is paid off.

For those not aware of my background, most of my adult life I was the single income supporting a family of five. Money was always tight and we made sacrifices (no big faraway vacations, used cars, etc..) to save a little each month and to keep a house with a yard to raise our children. Much like our sacrifices with living expenses & savings we also made sacrifices with home improvements. When we first bought the house I made very tactical improvements that were needed to sustain the house like a new roof, furnace, central air conditioning, flooring, and upgraded a bathroom which suffered from water damage by the previous owner. The kitchen, which is typically the first upgrade a homeowner tackles, is something I avoided due to the high costs.

At the time we bought our home the kitchen was a tacky early 1970’s design. I t was ugly but functional so we chose not go into further debt and live with it. Flash forward 23 years later and that 1970's kitchen is starting to see its end of life. Cabinet doors are having issues, the old vinyl flooring is cracking and wallpaper is starting to peel back. The biggest expense I have been avoiding all these years is finally catching up to me. That said in the next 5 years I will be gutting & remodeling my kitchen and an adjoining hallway. All said, I predict the total costs to be near $35,000. But the expenses do not end there.

Remember those “tactical” upgrades I made when first bought my house, well they are coming up on their end of life and will need to be replaced in the next to 5 to 7 years. At a minimum I am looking at a new roof, furnace, and central air unit which will add another $14,000. My bathroom, after taking punishment from 3 kids, will need to be redone in about 7 to 10 years adding another $5000.

All of this work gets chalked up to home maintenance and if we tally it up that is a whopping $54,000 over the next 5 to 10 years and this assumes I am doing some of the work myself. There are without a doubt pluses and minuses to owning a home and this is obviously one of the big minuses. Sad part is I own a small home. What would these costs be if I owned a larger home? The ironic piece is if I break up the remodeling costs to a monthly cost over the next 10 years it is equal to the monthly mortgage payment I just finished paying off!

Looking towards a positive, one benefit I will have are my children. The oldest graduates from college this December and will get a full time job and my other children will follow suit every 2 years after that. In theory, after 6 years I should have no expenses for children which should free up $20,000 a year in expenses (yes kids come with a price). I might be counting my chickens before they are hatched but for now I will continue to invest a large portion of my extra income generated from no longer having a mortgage on the hopes my expenses will be dropping dramatically over the next 6 years to cover the expense of remodeling. - Comments: 0

Weekly Portfolio Summary - 25 May 2019 13:24

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Portfolio Activity

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Portfolio News - (In Case You Missed These Headlines)

Avangrid (AGR)

Johnson and Johnson (JNJ)

Kraft-Heinz (KHC)

Merck (MRK)

Newtek Business Services (NEWT)

Ryder System (R)

Sabra Health Care (SBRA)

United Parcel Service (UPS)

Interesting Blog Posts or Articles

Blog Posts
Leaderboard: Monthly Dividend Income From The Blogging Community by Dividend Driven
Stockboard: What Stocks The Blogging Community Are Buying This Week by Dividend Driven
Beyond wealth: What happens AFTER you achieve financial independence? By Get Rich Slowly
HOW MUCH ARE YOU WILLING TO SACRIFICE TO BECOME FINANCIALLY INDEPENDENT? By Tawcan

Articles
Adult Kids’ Expenses: Which Should Parents Pay For?
Here are the Best New Ideas in Retirement
Why Spending Less Doesn’t Reduce Your Quality of Living
Best Ways to Prepare for Life’s Big Financial ‘What-Ifs’ - Comments: 0

Weekly Portfolio Summary - 18 May 2019 12:23

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Portfolio Activity

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Portfolio News - (In Case You Missed These Headlines)

Abbvie (ABBV)

Chatham Lodging Trust (CLDT)

Cummins (CMI)

Compass Minerals (CMP)

Johnson & Johnson (JNJ)

Omega Healthcare Investors (OHI)

Pfizer (PFE)

Qualcomm (QCOM)

Ryder System (R)

United Parcel Service (UPS)

Waste Management (WM)

Interesting Blog Posts or Articles

Blog Posts
Leaderboard: Monthly Dividend Income From The Blogging Community by Dividend Driven
Stockboard: What Stocks The Blogging Community Are Buying This Week by Dividend Driven
What I learnt from my Dad’s early retirement (aged 60) Part 2 by Gentleman’s Family Finances

Articles
All the ways Gen X is financially wrecked - Comments: 0

New Buy WY - 17 May 2019 19:42

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I bought my first position in Weyerhaeuser back in December 2018 at $22.75/share. At the time the stock had fallen due to timber prices crashing and I scooped up a small position not knowing if that was the bottom. Since that time, the stock quickly rose above $25/share and for 2019 dropped below $25/share only once until today so I decided to swoop in and grab some shares.

As many know from my buying history I typically buy 3 lots of $1000 so this makes only my second lot. If the price drops further later in the year I'll grab more but if it remains above $25 then I will not buy.

Roth IRA Buy: Weyerhaeuser (WY)

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Purchase Price: $24.45/share
Increase in Forward Annual Div: $54
Inflation Beating Streak: 2 Years
Div Growth Streak:8 Years
Yield: 5.55%
Most Recent Dividend Increase: 6.3% /August 2018 - Comments: 0

Weekly Portfolio Summary - 10 May 2019 22:19

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Portfolio Activity

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Portfolio News - (In Case You Missed These Headlines)

Artesian Resources (ARTNA)

Hospitality Properties Trust (HPT)

Leggett & Platt (LEG)

Omega Healthcare Investors (OHI)

Pfizer (PFE)

Prospect Capital (PSEC)

Phillips 66 (PSX)

Sabra Health Care (SBRA)

T Rowe Price (TROW)

Domtar (UFS)

Interesting Blog Posts or Articles

Blog Posts
Leaderboard: Monthly Dividend Income From The Blogging Community by Dividend Driven
Stockboard: What Stocks The Blogging Community Are Buying This Week by Dividend Driven

Articles
How corporate monopolies fuel wage stagnation, inequality, and populism - Comments: 0

New Buy IRM (4th buy of the week) - 10 May 2019 18:37

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It's been quite the busy week for me, since the beginning of the year I've been buying one or two stocks every other month but this week prices relaxed enough for me to let the cash flow with 4 stock buys in just one week. This last buy is for my Roth account which equates to buys for all three accounts (brokerage, IRA & Roth IRA).

Roth IRA Buy: Iron Mountain (IRM)

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Purchase Price: $30.91/share
Increase in Forward Annual Div: $78
Inflation Beating Streak: 8 Years
Div Growth Streak: 9 Years
Yield: 7.88%
Most Recent Dividend Increase: 4% / October 2018 - Comments: 0

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