Tuesday, October 17, 2017

OCTOBER UPDATE

It's been a busy month so far and I'm afraid I've been a bit lax in posting.  Have already collected a lot of dividend payments for the month, with several more to go.  Little too early to tell if October will set any records, but should still have a good showing non the less.

Had to get some repairs done on my car, so it's taken up a lot of cash I'd otherwise have invested.  Still gained some ground through 401k contributions and reinvested dividends.  Even when I have no additional cash to invest, it's comforting to know that my investments continue to grow automatically.

Just read an interesting article about the CFO of PSEC making a huge investment in his company's shares.  It's that kind of inside trading that makes me think I'm on the right track by purchasing shares.  Whatever happens price wise, I'll collect a nice tidy dividend every month.  

Looks like my Swagbucks income will double this month and should be even better next month.  The more I learn about ways to earn on their site, the easier it becomes to make more money in less time.  Of course I'll be investing this cash in dividend stocks to keep the money growing.  It's turning out to be a great way to build up my portfolio without having to have a second job.  

My biggest revelation this month was when I realized I'm already living off what I expect to earn each month in retirement.  Meaning, if you subtract debt payments which will be paid off by the time I retire, what I have left each month now is about the same or a little less than I collect each month when I retire.  Given that I have 5 years to build up my portfolio, thus increasing income in retirement, I may end up better off than I am now.  So that takes a lot of the worry out of retirement.

No comments: