Just collected the final 13 dividend payments for February 2017, for an increase in monthly dividend income of well over 100% compared to February 2016! If this trend continues, I should have no problem reaching my goal of doubling dividend income again this year.
How long the Trump rally will continue is anybody's guess, but it's been great for the overall value of my portfolio. That being said, I'm thinking things will eventually turn and we'll see some downward motion before the end of the year. With that in mind, I'm currently diverting some dividend income to cash to take advantage of any bargains that may present themselves later in the year. If I'm wrong and the rally continues, I figure it never hurts to have a pile of cash.
Should collect a check from SendEarnings in March as well as my second cash payment from Swagbucks. I'll be investing both payments to boost monthly dividends. While I'm already collecting 372 dividend payments per year, exceeding my goal of a dividend per day, I am thinking about buying shares in another monthly paying fund and a couple of individual stocks. Probably won't happen in March, but I do have an upcoming bonus from work in April for winning Employee of the Year. Definitely investing the bonus, just haven't decided how to deploy the windfall as yet. I'm leaning toward purchasing more shares of quality 5 star funds SPHD and SPLV. This wouldn't be a big increase to monthly income but it would improve future growth prospects. On the other hand, if I invested the money in some of the cash cow funds, I'd have more monthly income to put toward purchasing quality shares. Maybe I'll do both and put half in cash cow stocks and the other half in one of the funds.
February has been another great month overall, so I'm looking forward to what March has in store. It will be great to kick off the month with another great batch of dividend payments tomorrow!
Tuesday, February 28, 2017
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.
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.
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.
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.
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