Tuesday, February 14, 2017

AOD PURCHASE INCREASES MONTHLY INCOME ANOTHER 2%!

Just completed purchase of AOD shares for my ROTH account, increasing monthly dividend income 2% on top of the 3% increase with the purchase of NCV!  AOD pays a monthly dividend of $0.058 per share for a yield of 8.38% on their current price.  Looks like I got in early enough to collect the dividend this month.  This purchase increases total number of dividend payments per year to 372, guaranteeing I'll be paid a dividend for every day of 2017!  Off to a good start on doubling dividend income again this year!

Been doing a lot of projections of retirement income and although it's looking much better than a few years ago, I'm thinking about ways to improve things even more.  Originally I had planned to stop working at my earliest Social Security retirement age of 62, but now I'm thinking I'll draw my Social Security and keep working another year or two, as long as my health allows.  By continuing to work and living off earned income, I could invest my Social Security checks each month to dramatically increase dividend income in just a couple of years.  

Tuesday, February 7, 2017

NCV PURCHASE INCREASES MONTHLY DIVIDEND INCOME 3%!

Completed purchase of stake in bond fund NCV, raising monthly dividend income by 3%!  NCV pays a monthly dividend of .065 cents per share for a yield of 11.45% on their price of $6.83.  This is strictly a cash cow purchase and falls into, what I consider, the high risk category of my portfolio.  I'll be collecting the dividends from NCV in cash.  

Diverted more cash from my taxable account to non-taxable ROTH.  Don't want my taxable portfolio to increase too rapidly, although it has been going up in value with the Trump rally.  So I've been collecting a portion of dividends in cash, mostly from the bond funds and transferring the cash to tax free account.  Trying to keep taxable income down and increase non-taxable income as rapidly as possible.

Used my first cash earnings from Swagbucks (see link on right) to help pay for this stock purchase.  While I had to pay the majority with cash out of pocket, it's nice to know that I've put the free money from Swagbucks to work earning more cash each month.  I've decided to use all cash earned from Swagbucks to boost my ROTH account.  Will have a check coming in March from Sendearnings which will also be added to investments. 

 Family and friends think I'm crazy for "wasting my time" earning small amounts of cash from these sights, but why is it crazy to earn money instead of frittering away time on facebook?  I like facebook, I've spent endless hours on facebook, like a lot of other people, but they've never paid me any money.  So they can think whatever they want and I'll just keep making money.  

Wednesday, February 1, 2017

JANUARY DIVIDEND INCOME UP 250% OVER 2016!

The new year is off to a great start, if January dividends are any indication.  Total dividend income for the first month of the new year is up 250% compared to January of last year!  This month's income is the second highest month ever, only beaten my December 2016's record earnings!

February is off to a great start with 7 dividend payments for the first day of the month!  With February being a short month and having only 26 dividend payments, compared to January's 27, I expected income to be a little less.  However, a quick review of upcoming dividends shows that I may make a bit more in February than I made last month!  

Even though I made no new share purchases for the month, I did see new dividends kick in from FSC and SPLV.  My planned purchase of bond fund NCV for this month will increase monthly dividend income by over 2% and bring the number of annual dividend payments up to 360 per year.  Thanks to some extra hours at work, I may be able to to make a second stock purchase of SPFF before the end of the month which will increase total dividend payments to 372 per year.  Which means I'll be earning more than a dividend per day for every day of the year!

My biggest concern for the stock market going forward is the trend of company executives involving themselves in national politics.  While they have every right to follow their own personal beliefs, they should not be involving shareholders interests by taking political stands on a corporate level.  Corporations should be like Switzerland and remain neutral.  No sense alienating customers.



Friday, January 27, 2017

SURPRISE BONUS FROM WORK WILL BOOST DIVIDEND INCOME 20%!

I was surprised and honored to find out I'd won Employee of the Year at work!  Along with this great honor, comes an all expenses paid weekend in Branson, Silver Dollar City tickets and a substantial bonus check!  Since I didn't even realize I was in the running, this bonus was totally unexpected, so I've decided to invest the entire amount in my Roth IRA.  This windfall will boost monthly dividend income by a whopping 20%!  This should make it a lot easier to reach my goal of doubling dividend income again this year.

I want to say a very special THANK YOU to all my co-workers who voted for me to be recognized in such a great way!

JUST $2 AWAY FROM MY FIRST $25 ON SWAGBUCKS!

Finally got around to registering with Swagbucks around the end of December.  Now I'm just $2 away from my first paypal payment of $25 and a $5 bonus!  Should make that easily either today or tomorrow.  While that may not sound like much, it's free money!  I've spent nothing, registered for nothing and still earned money, mostly while watching television at the same time.  I have done a couple of surveys and watched a lot of video clips, but it was pretty easy and a lot faster than some of the other programs I've tried.

If you'd like to sign up and start earning money today, just click the link below:

Swagbucks

Although I've chosen to collect most of my swagbucks rewards in cash, you do have the option of converting your swagbucks to gift cards, starting at just $3.


Friday, January 13, 2017

UTG JANUARY DISTRIBUTION NEARLY 7 TIMES NORMAL MONTHLY PAYOUT!

Collected 4 great dividend payments for Friday the 13th!  Was very happy with the payout from UTG, which included a special capital gains distribution, making the January payout 6.8 times higher than December 2016!  Yes I know about the taxable event created by capital gains distributions, but since my shares are held in my IRA and Roth IRA accounts, I'm not too concerned about taxes.  Reinvested all distributions except JMP.  I'm taking some JMP distributions in cash since I originally purchased the stock for possible capital gains.  Just taking a little money off the table should the price drop instead of increasing in value.  Right now I'm ahead, but not planning to sell anytime soon.  I'll continue collecting the dividend in the mean time.

Missouri is getting hit right now with a big ice storm, so I'm a little concerned about making it to work tomorrow.  If I have to call in, it will be the first day I've missed work in the last two years.  Would much rather go to work, since I don't want to lose any hours, but just in case, I've been racking up Swagbucks on my days off.  I figure if I do miss work, the cash I earn online will help minimize the loss.

Dividend income for January 2017 already exceeds January 2016 dividends by nearly 50%!  With some of the biggest dividends yet to come, it will be interesting to see what the monthly total comes to.  Just off the top of my head, I'd say I could easily see a 100%+ increase over last year!  I did expect a nice increase, but frankly I'm blown away.  Never expected the big payout from UTG, so that's a very nice surprise and the rest of the month looks pretty good too.  We'll see how it goes.

Friday, January 6, 2017

EASY WAY TO AVOID TOTAL LOSS ON ANY DIVIDEND STOCK

As a long time investor, I have to admit to having a couple of total loss investments.  My old shares of Kmart which I purchased during their bankruptcy went to $0.  I had 1,000 shares of Atlantic Energy Solutions which also ended up worthless.  There was also a high flying REIT back in the 90's that dropped to $0.  As scary and disappointing as this may seem, I've found an easy way to avoid this as soon as I switched to dividend investing.

What's the secret?  Take some money off the table.  When you own a stock paying dividends, it's quite easy to take some money off the table by simply collecting your dividends in cash instead of reinvesting.  While I'm a die hard advocate for reinvesting your dividends, there are times when this would be contraindicated.  If you own some high yield, high risk stocks like I do, it never hurts to take some of the risk out by collecting some cash dividends.  If you collect cash, that money is yours and even if the share price drops to zero, you still have the cash.  Thus you avoid having a total loss on your investment.  

I employ this strategy regularly and it helps me sleep much better at night knowing I'll never lose my entire investment in any one stock.  You don't have to collect all the dividends in cash.  To continue growing monthly income, I'll have the dividends reinvested for 3 months and collect cash for the next 3 months.  That way I'm covered if the stock does well and I'm covered if it doesn't.  Maybe I miss out on a little growth, or maybe I avoid excessive loss and have a nice tidy bundle of cash to take advantage of other investment opportunities as they present themselves.

Just a simple way to any avoid total loss.