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.

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

June Dividend Income - 29 Jun 2019 13:22

Tags: monthly_income

I have not posted anything the last couple of weeks as I have been working hard and recently sick. I decided to skip last week and this week’s weekly posting and instead will jump right into my monthly report…

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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 $2,538; an increase of 6.09% 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 2 stock purchases and both were for existing holdings in Chatham Lodging Trust (CLDT) for my Roth and AbbViie (ABBV) for my IRA.

On Monday I’ll ad my regular monthly deposits to my brokerage & Roth accounts which will increase my brokerage account balance to over $1K so I expect next month’s stock purchase to be in this account.

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Looking at my 3 year goal metric I improved my percent complete by 0.53% from last month. Looking at my remaining time to complete this goal (28 months) I need a monthly increase in percent complete of 0.94%.

I have doubts of achieving this goal under current circumstances. Inflated stock prices are a contributor hurting dividend reinvestment and have since reviewed my portfolio to turn off DRIP programs for approximately 25% of my holdings and instead will accumulate the cash and buy select stocks. I’ll give it 3 months to see if this rights the ship, 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. I had too many little emergencies that popped up this month that overran my budget and the cash was reallocated to resolve those problems. This is the second goal I am in danger of not achieving and it is a little frustrating. Guess I need to dig a little deeper and toughen it out. - Comments: 2

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

April Dividend Income - 02 May 2019 00:10

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.

YES! YES! YES! This month I finally eclipsed the $3K mark and made $3,018 an increase of 3.57% versus this time last quarter. Not sure I can maintain this into next quarter as Garmin (GRMN) and GATX Corp (GATX) both had payout dates of 3/29/19 but did not credit my account until April 1.

For the month I only bought one stock, Walgreens Boots Alliance (WBA) in my regular brokerage account. This is my second purchase as I tend to buy in $1,000 lots which leaves room for one more buy order.

Trying to find decently valued DG stocks continues to be a challenge but there were some nice pullbacks recently with 3M (MMM), United Parcel Service (UPS), and Walgreens (WBA). I already have a large position in UPS and will not be adding more shares. If 3M drops below $180 I’ll start a position but for now I’ll continue to be patient. WBA is probably the best bet as the next buy as I have a target price in the mid $52 range and current share price has been hovering around $53/share.

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Looking at my 3 year goal metric I improved my percent complete by 0.55% from last month and puts me on target not just for my 3 year goal but also my annual goal of increasing my forward dividend by 12.5%.

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Progress on my last goal of saving an additional $2,000 of emergency cash increased from $200 to $450. Nice boost from last month but I am still way off on this one. - Comments: 0

March Dividend Income - 30 Mar 2019 08:54

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.

This month I made $2,393 a decrease of 3.07% versus this time last quarter. The decrease was not in part to any stock sale or dividend cuts but a timing in dividends. In December my ETF's make a double end of year payment of near an extra $100. The other issue was Garmin (GRMN) and GATX Corp (GATX) which both have payout dates of 3/29/19 but will not credit my account until April 1. If I adjust for these two factors my income would have increased $124 a near 5% increase. I can’t wait till I get a full year of tracking complete as a year over year comparison will be much easier than by quarter.

For the month I only bought two stocks, Walgreens Boots Alliance (WBA) in my regular brokerage account and Iron Mountain (IRM) in my Roth IRA. If WBA drops below $60 I’ll add more shares but with IRM I have a full position and will not be adding shares for quite some time.

Trying to find decently valued DG stocks to buy has been a challenge since late January. It is not that there are no good buys but how many times can I add more shares of AT&T (T), Abbvie (ABBV), or Prudential (PRU) before I get too overweight? Even REITs have been strong in the first quarter and with everything fully to slightly over-valued all I can do is be patient and keep jumping at opportunities as they arise.

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Looking at my 3 year goal metric I improved my percent complete by 0.50% from last month and puts me on target not just for my 3 year goal but also my annual goal of increasing my forward dividend by 12.5%.

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Progress on my last goal of saving an additional $2,000 of emergency cash is stuck at $200 as I made no contribution this month. Unfortunately, I completed my taxes and owed quite a bit so Uncle Sam and the State of CT got nice checks. - Comments: 6

February Dividend Income - 28 Feb 2019 21:59

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.

This month I made $2,191 or an increase of 2.7% versus this time last quarter. I made no stock purchases for the entire month of February and my last purchase occurred on January 17th. Hopefully next month might yield a buying opportunity to help move things along.

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Looking at my 3 year goal metric I improved my percent complete by 0.65% from last month and puts me back on target not just for my 3 year goal but also my annual goal of increasing my forward dividend by 12.5%.

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Finally made some progress on my last goal of saving an additional $2,000 of emergency cash by setting aside $200. I’m still behind on saving but at least I no longer have to look at the $0 balance from last month. - Comments: 2

January Dividend Income - 03 Feb 2019 21:19

Tags: monthly_income

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After 31 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.

This month I made $2,915 a slight increase versus last quarters $2901. This was a marginal gain because of two factors. First is the lack of monthly income from my ETFs which make a double distribution payment in December and nothing in January. The second factor was the sale of Versum (VSM), Keurig Dr. Pepper (KDP), and Analog Devices (ADI). All three stocks were acquired from buyouts or spin-offs, however, their position in my portfolio was so small that it was becoming a labor to track all three so I decided to cut them loose. These sells reduced my January income by $17.

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Looking at my 3 year goal metric I improved my percent complete by 0.85% from last month and puts me back on target not just for my 3 year goal but also my annual goal of increasing my forward dividend by 12.5%.

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Back in November I posted about refining my goals and after analysis I discovered that I needed additional emergency cash and needed to save a minimum of $2,000 a year or $170/month until I retire. Well unfortunately I did not start this new goal well and saved a big fat $0 goose egg.

The only consolation is that the funds were used to avoid credit card debt of which I am proud to say that I have now achieved 5 full months of carrying no credit card debt. - Comments: 0

December Dividend Income - 01 Jan 2019 12:29

Tags: monthly_income

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After 31 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.

This month I made $2,470 and it was a nice way to wrap up 2018. This is my first month I can do a historical comparison as I just recently started tracking month to month dividend income. Quarter over Quarter my monthly dividend increased $217 or 9.65%. However, this number is slightly inflated as my ETFs make a double distribution payment in December. If we discount the extra ETF income the increase is $86 or 3.83%. Not too shabby and extremely pleased.

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Looking at my 3 year goal metric I improved my percent complete by 0.25% from last month. This was a little less than I had hoped but it was the holidays and I may have spent more than normal. From here on forward over the next 36 months it needs to improve by 0.833% a month. Hopefully things pick up on the income front or I can reduce an annual expense.

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On the expense front I have kept my credit card debt down to zero. With the holidays behind us and all college tuition bills paid my expenses should be fairly stable until July. I did have an unplanned expense as I had to buy a new stove at total cost after taxes and delivery was $556. Two years ago this would have set me back but with my credit card & mortgage debt gone I had the money but it came at the expense of not buying a snow blower I had been saving for.

I realize a snow blower to some is a luxury but two months ago we had an early season snow storm and I had a sore shoulder for three weeks after shoveling. Went to the doctor and discovered I have early onset of arthritis in my right shoulder. It should be fine as long as I limit the stress I put on the shoulder. Luckily, our winter has been mild since that time and we have not had a snow storm since. Looks like I will have to wait until next month to get the snow blower and hopefully mother nature will be accommodating. It is a bit of a gamble as I live in the northeast and the odds are against me.

To wrap things up I’d like to wish everyone a Happy 2019 New Year and hope that all your plans, goals and ambitions for the New Year come true! - Comments: 0

November Dividend Income - 01 Dec 2018 12:32

Tags: monthly_income

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After 31 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.

This Month I made $2,132 and was a bit surprised as I did not expect to break the $2K barrier this month but I forgot about my Fastenal (FAST), Chatham Lodging (CLDT) and Sabra Heath Care (SBRA) purchases which, combined with dividend reinvestment, moved the monthly income across the line. This is my third month of tracking so from here on forward I can start tracking a quarter over quarter growth rate.

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A little over a week ago I created a 3 year goal metric and here is the first monthly update. My percent complete only increased 0.05%. Pretty disappointing but it was only just 9 days ago that I created it and can’t read too much into it. On the positive side, after just a week without contributing any new investment money it did grow on its own so something to take pride in.

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On the expense front I have kept my credit card debt down to zero. But, it is that time of year as I received two college tuition bills in the mail and yes I have two kids in college with a third just 1 ½ years away. The first tuition bill is from my oldest and she will be taking out her very first student loan to pay so the burden is on her and not me. Luckily she graduates in Fall of 2019, with only one more semester she will have $10K in student loan debt. I actually wanted my children to assume some debt to take ownership of their decisions and $10K is pretty manageable.

The second tuition bill I have funds for and it will not impact my monthly expenses. This is something we saved towards 15 years ago so the impacts is minimal. - Comments: 2

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