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.

April Dividend Income - 05 May 2020 22:50

Tags: monthly_income

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After 33 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 April I made $2,869; a decrease of -4.9% versus this time last year. This month’s decrease took me a bit by surprise but as I looked closer between last year and this year I found the culprit to be end of month dividend payers and it also helps explain why last month's income shot up 38%!

Last year I had certain holdings that would normally payout on the last day of the month however because I was using a DRIP the funds did not credit my account until the next day which would have been April. This year I eliminated my DRIP plan for those holdings and was credited the dividends in March instead of April. The biggest culprit was Brookfield Renewable Partners (BEP) which paid $285 on 4/2/19 and $317 on 3/30/20. Two other holdings, GATX Corp (GATX) and Garmin (GRMN), also fell into this category by paying out $109 in March instead of April.

As of today I do not foresee any significant drop in monthly income until June when my General Motors (GM) holding will cease to pay a $238 quarterly dividend.

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Overall my main portfolio and 401K closed out April in the black (barely) but my M1 Finance account is much younger as all of the buys were in the last 7 month at the top of the market. Needless to say my M1 account took a sharper drop and has yet to recover. I continued with my weekly $120 contribution for a total of $480. The overall dividend yield of my M1 pie decreased to 3.915% due to the market recovering from its March lows.

Overall my M1 Finance accounts contributed $8.07 to this month’s dividend totals. Patiently keep building this up and maybe by years end every month will start consistently delivering double digit dividends.

I also provided a link to my M1 Pie for those interested in seeing all of the individual holdings.
https://m1.finance/NCB--FZCZ

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My age 53 goal (I’m 51 for those not in the know) went backwards again by -1.25% all from the recent dividend cuts. This will be a recurring regression for the next 3-6 months until the Covid-19 crisis passes and economies stabilize.

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For those not familiar with my Age 53 goal, I plan in 7 year increments and targeted to have 57% of my expenses to be covered via dividend income and to be at 115% for my next 7 year target at age 60. Why 115%? This was based on a multiple bear market/crash analysis I performed back in 2018 that showed my optimal portfolio to withstand a long term bear market with high inflation would be to have dividend income of 115% of expenses and the equivalent of 9 months of expenses in cash. - Comments: 0

March Dividend Income - 01 Apr 2020 21:24

Tags: monthly_income

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After 33 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 March I made $3,324; an increase of 38.94% versus this time last year. I target a growth rate of 12.5% but my tracking metrics show the bulk of my year over year growth occurs in the last month of a quarter. With the current events of COVID-19, $20/barrel oil and near 0% fed interest rates, I am sure this will be my last good month of growth. During March I was already notified of two suspended dividends and one dividend cut. I am sure this will not be the last so I’m bracing for more.

In regards to buying, I did change my strategy from buying stocks in $1000 lots to buying individual shares. The buying process is quite a bit longer but stretching my buys out during all of this volatility will hopefully let me buy at decent prices.

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Overall my main portfolio and 401K closed out March in the black (barely) but my M1 Finance account is much younger all of the buys were in the last 7 month at the top of the market and took a dramatic drop which has yet to recover. I continued with my weekly $120 contribution for a total of $600. The overall dividend yield of my M1 pie increased to 4.507% due to the market drop. My M1 portfolio has no REITS so there is less exposure to possible dividend cuts.

Overall my M1 Finance accounts contributed $13.04 to this month’s dividend totals. Finally double digit monthly income.

I also provided a link to my M1 Pie for those interested in seeing all of the individual holdings.
https://m1.finance/NCB--FZCZ

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My age 53 goal (I’m 51 for those not in the know) actually went backwards by -0.55% all from the recent dividend cuts. Not pretty to watch but hey if it wasn’t a challenge where would the fun and satisfaction come from.

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For those not familiar with my Age 53 goal, I plan in 7 year increments and targeted to have 57% of my expenses to be covered via dividend income and to be at 115% for my next 7 year target at age 60. Why 115%? This was based on a multiple bear market/crash analysis I performed back in 2018 that showed my optimal portfolio to withstand a long term bear market with high inflation would be to have dividend income of 115% of expenses and the equivalent of 9 months of expenses in cash. - Comments: 2

February Dividend Income - 01 Mar 2020 13:55

Tags: monthly_income

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After 33 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 January I made $2,409; an increase of 9.94% versus this time last year. I target a growth rate of 12.5% but my tracking metrics show the bulk of my year over year growth occurs in the last month of a quarter so I am not too concerned being under my target.

In regards to buying, I increased my position in Prudential Financial (PRU) and Brookfield Property REIT.

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In my M1 Finance account, I continued with my weekly $120 contribution for a total of $480. The overall dividend yield of my M1 pie increased to 3.816%. While there have been a few dividend raises the bulk of the increase was attributable to the massive market sell-off in the last week of February.

Overall my M1 Finance accounts contributed $7.56 to this month’s dividend totals. Finally getting closer to double digit monthly income.

I also provided a link to my M1 Pie for those interested in seeing all of the individual holdings.
https://m1.finance/NCB--FZCZ

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My age 53 goal (I’m 51 for those not in the know) improved by 0.65%. This was a nice positive step forward.

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For those not familiar with my Age 53 goal, I plan in 7 year increments and targeted to have 57% of my expenses to be covered via dividend income and to be at 115% for my next 7 year target at age 60. Why 115%? This was based on a multiple bear market/crash analysis I performed back in 2018 that showed my optimal portfolio to withstand a long term bear market with high inflation would be to have dividend income of 115% of expenses and the equivalent of 9 months of expenses in cash. - Comments: 0

January Dividend income - 02 Feb 2020 13:15

Tags: monthly_income

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After 33 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 January I made $3,224; an increase of 10.6% versus this time last year. I target a growth rate of 12.5% but my tracking metrics show the bulk of my year over year growth occurs in the last month of a quarter so I am not too concerned being under my target.

In regards to buying, I increased my position in Weyco Group (WEYS) and started a new position in WestRock (WRK).

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In my M1 Finance account, I continued with my weekly $120 contribution for a total of $480. The overall dividend yield of my M1 pie increased to 3.361%. While there have been a few dividend raises the bulk of the increase was attributable to market loss as the DOW & S&P 500 retreated in the last few days of January.

Overall my M1 Finance accounts contributed $4.49 to this month’s dividend totals. Not breaking any speed records but it is nice to see whole dollars versus cents.

I also provided a link to my M1 Pie for those interested in seeing all of the individual holdings.
https://m1.finance/NCB--FZCZ

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My age 53 goal (I’m 51 for those not in the know) improved by 0.85%. This was a nice positive step foward.

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For those not familiar with my Age 53 goal, I plan in 7 year increments and targeted to have 57% of my expenses to be covered via dividend income and to be at 115% for my next 7 year target at age 60. Why 115%? This was based on a multiple bear market/crash analysis I performed back in 2018 that showed my optimal portfolio to withstand a long term bear market with high inflation would be to have dividend income of 115% of expenses and the equivalent of 9 months of expenses in cash. - Comments: 0

December Dividend Income - 01 Jan 2020 14:17

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 December I made $3,090; an increase of 25.1% versus this time last year. I target a growth rate of 12.5% and as I predicted last month it appears the bulk of my purchases and dividend raises seem to impact that last month of a quarter which was validated.

For the year I made a total of $‭32,382.65‬ which was a 14.4% increase from my 2018 dividend income and almost a full 2% better than my targeted growth rate of 12.5%. Hopefully 2020 will be as kind to me.

In regards to buying, I increased my positions in Pfizer (PFE), IBM (IBM), Goodyear Tire (GT) and started a new position in Brookfield Property (BPR). I did have a rare sell when I sold-off Westwood Holdings (WHG) which does not look capable of supporting the dividend going forward and this sell will not affect my dividend income until the second quarter of 2020.

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In my M1 Finance account, I continued with my weekly $120 contribution for a total of $600. The overall dividend yield of my M1 pie decreased yet again to 3.238%, There were no dividend cuts so this was all attributable to market returns as the DOW & S&P 500 continue their streak to record levels.

Overall my M1 Finance accounts are finally starting to gain dividend momentum as it contributed $7.68 to this month’s dividend totals. Not breaking any speed records but it is nice to see whole dollars versus cents.

I also provided a link to my M1 Pie for those interested in seeing all of the individual holdings.
https://m1.finance/NCB--FZCZ

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My age 53 goal (I’m 51 for those not in the know) improved by 0.48%. This was lower than last month but not surprising due to selling of my Westwood Holding (WHG) position.

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For those not familiar with my Age 53 goal, I plan in 7 year increments and targeted to have 57% of my expenses to be covered via dividend income and to be at 115% for my next 7 year target at age 60. Why 115%? This was based on a multiple bear market/crash analysis I performed back in 2018 that showed my optimal portfolio to withstand a long term bear market with high inflation would be to have dividend income of 115% of expenses and the equivalent of 9 months of expenses in cash. - Comments: 0

November Dividend Income - 30 Nov 2019 12:48

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 November I made $2,375; an increase of 11.4% versus this time last year. I target a growth rate of 12.5% to meet my FI goal and came in below my target. After tracking year over year monthly gains it appears the bulk of my purchases and dividend raises seem to impact that last month of a quarter so I am expecting a much better December growth rate.

In regards to buying, I made only one small transaction this month in my IRA buying a small position in the Weyco Group (WEYS).

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In my M1 Finance account I made a mistake with the type of account and luckily noticed it before the portfolio became too big. I originally thought I opened a joint account but it was a single account. This is important to me in case I pass away as none of the assets will be tied up in any probate and my wife can access the funds with no issues. I decided not to sell the old account as I did not want to have 55 short term capital gains to file for fractional shares so instead I located the beneficiary form and added my wife as the beneficiary. That said, I hit the reset button and going forward I will only show the new joint account balance & return.

For the month I contributed $480 and for being only a month old I still made a small gain. The overall dividend yield of my M1 pie decreased yet again to 3.254%, There were no dividend cuts so this was all attributable to market returns as the DOW & S&P 500 continue their streak to record levels.

I also provided a link to my M1 Pie for those interested in seeing all of the individual holdings.
https://m1.finance/NCB--FZCZ

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My age 53 goal (I’m 51 for those not in the know) improved by 0.5%. This was lower than last month but not surprising as I limited my stock purchases this month.

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On the home front, we are getting excited as my oldest will graduate from college next month. Taking AP classes & college night classes while she was in high school eliminated a semester which saved her $6000 in tuition. Her next major milestone will hopefully be to secure a career in the field of Human Biology. She has been focusing on completing a research grant, which she wrapped up last week, and has not yet focused on job hunting. Fingers crossed that she starts and someone makes her an offer. - Comments: 0

October Dividend Income - 04 Nov 2019 22:14

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 October I made $3,224; an increase of 11.2% versus this time last year. I target a growth rate of 12.5% to meet my FI goal and came in below my target. Most of my REIT holdings payout this month (hence the large sum) but the downside is they have slower dividend growth rate so the bulk of the YoY increase came from reinvested dividends.

In regards to buying I made 4 stock purchases with 2 in my IRA; Ryder Systems (R) and IBM, Apple Hospitality (APLE) for my Roth and Goodyear Tire (GT) for my brokerage account. All four will payout a dividend before the end of the year so they will immediately start contributing. Looking into November I am currently watching 3M (MMM), Texas Instruments (TXN), and WestRock (WRK),

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In my M1 Finance account I added $600 in regular contributions. The portfolio continues to grow from an overall value perspective but comes at the expense of portfolio dividend yield which dropped from 3.35% to 3.29%.

I also provided a link to my M1 Pie for those interested in seeing all of the individual holdings.
https://m1.finance/NCB--FZCZ

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My age 53 goal (I’m 51 for those not in the know) improved by 0.9%. This was a large improvement over previous months and puts me back on track to where I want to be.

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On the home front, for more than a year I have had no debt and it has been fantastic but that changed as I had to buy not one but two cars. Long story short, I gave my son my old car so he can commute to college and then my wife’s ancient mini-van finally died. Instead of getting depressed I used this to my advantage with negotiating a deal where I started with one car and then said if you throw in the second I’ll pay this much. At the end of the day it worked to our advantage as I picked up two used cars (a large SUV and a 4 door sedan) for $31K and financed at a rate of 3.5%. My plan is to drive both for at least 10 years and hopefully everything works out well. - Comments: 0

September Monthly Income - 30 Sep 2019 21:57

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.

I couldn’t wait for this month’s income report as it represents a full year since I started tracking my monthly income and I finally get to report a year over year comparison! With that said, this is the start of all new metric charts and I hope folks like the new format.

For the month of September I made $2,690; an increase of 19.4% versus this time last year. I target a growth rate of 12.5% to meet my FI goal and I was extremely pleased with how much I exceed my target.

For the month I made no individual stock purchases in any of my accounts but I have been making regular investments via M1 Finance. Tomorrow I’ll make my monthly Roth IRA contribution of $540 that will bring the cash balance to above $1K and anticipate a REIT buy next month for my Roth,

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In my M1 Finance account I added $480 in regular contributions plus a one-time $650 deposit from a surprise bonus I received at work for a total investment of $1130. All of my sector sub-pies showed positive overall gains for the month but those gains come at the expense of portfolio dividend yield as the yield dropped from 3.5% to 3.35%. For the month my M1 account made 70 cents in dividends and more than I expected for just being 2 months into the account. I also provided a link to my M1 Pie for those interested in seeing all of the individual holdings.
https://m1.finance/NCB--FZCZ

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My birthday is coming up in two weeks leaving exactly 2 years left on my age 53 goal. I improved my progress on this goal by 0.4% It’s a slow slog but inching forward.

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Progress on my last goal of saving an additional $2,000 of emergency cash improved as I put an additional $500 away bringing my total up to $1150. - Comments: 2

August Monthly Income - 31 Aug 2019 12:27

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 August I made $2,305; a decrease of 4.45% versus this time last quarter. The difference between quarters was due to Canadian Imperial Bank of Commerce (CM) whose dividend payment did not clear into my account until the following month of May so it inflated the earnings. Discounting for CM it would have increased 2.43%.

For the month I made 3 stock purchases in each account with 3M (MMM) for my brokerage, Apple Hospitality (APLE) in my Roth and Prudential Financial (PRU) in my IRA. All three purchases will begin contributing in September.

On Tuesday I will make my monthly Roth IRA contribution of $540 but the balance will be too small to make a purchase next month so no new buys for this account until October.

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Earlier this month I decided to no longer add additional funds to my Fidelity brokerage account and instead will make weekly contributions of $120 to my new M1 Finance account. I have only a few weeks contributing so the balance is very low but as with any account steady contributions will grow this in no time.

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As of August 30, my Pie currently has a dividend yield of 3.5% slightly below the 3.54% when I first created the Pie. Since creating the Pie I did decrease my allocation to Telcoms from 9% to 7%. This was mostly due to the fact that since I only have two holdings in Telcom (Verizon and AT&T) they were getting a much larger dollar allocation and by reducing the sector to 7% it has been more reasonable but it did bring the portfolio yield down a bit.

Considering how volatile August was, the portfolio performed overall satisfactory with only my Financials sector under-performing. With all of the lower interest rates and inverted yield talks it was no surprise that this sector under-performed.

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Looking at my 3 year goal metric I improved my percent complete by 0.64% from last month. This was a much better improvement from last month and hopefully the combination of using M1 finance and a reduction of auto-reinvesting dividends (I will manually invest dividends in select stocks) in my old accounts will keep this growth rate.

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Progress on my last goal of saving an additional $2,000 of emergency cash remained the same as last month with a balance of $650. Summer is behind me and as are family vacations. I hope to get back on track as spending should begin to slow down. - Comments: 2

July Dividend Income - 04 Aug 2019 11:46

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 June I made $3,226; an increase of 6.9% versus this time last quarter.

For the month I made only 1 stock purchases in 3M (MMM) for my brokerage account. This purchase will contribute $8.5 beginning in September.

On Thursday I made my regular monthly deposits to my brokerage & Roth accounts ($500 & $580) which will increase my ROTH IRA account balance to over $1K so I expect next month’s stock purchase to be in this account. Since I have turned off reinvesting dividend in my IRA my cash balance there topped $1K but I wasted no time in letting it sit and already purchased Prudential Financial (PRU) after it crashed from ~100/share to $88/share.

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Looking at my 3 year goal metric I improved my percent complete by 0.43% from last month. I noticed the slow progress last month due to inflated stock prices limiting dividend growth. I have since turned off DRIP programs for approximately 25% of my holdings and instead will accumulate the cash and buy select stocks. I should start to see improvement in the next quarter and if not I may have to consider increasing my monthly investments.

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Progress on my last goal of saving an additional $2,000 of emergency cash remained the same as last month with a balance of $650. July is a big vacation month for me & the family and we used all cash to avoid credit card debt. - Comments: 0

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