BOOSTED MONTHLY DIVIDENDS BY 20%!

Wow, I can't believe how long it's been since my last post.  I've been terribly remiss.  I'll try to do better from now on.  Been really busy since December, looking for ways to increase monthly cash flow from dividends.

Sold my SPLV shares for a tidy profit and reinvested the money in OXLC to triple dividend income on the same dollars invested.  Also sold some shares of GAIN, in my ROTH account, to take out my initial investment and kept the remaining shares, so I'm playing with the house's money there.  Whatever I make from the remaining shares is pure profit as far as I'm concerned.  Also purchased shares in EVT, to add more stability to my portfolio.  Today I purchased shares in AMZA with over a 21% yield to bring the total increase in monthly dividends to a little over 20% since the beginning of 2019!

I'm pretty happy with the progress I've made so far and excited about picking up some bargains while prices are down.  However, with my retirement looming ever closer and health issues that may cause me to have to sign up for disability, I'll be on the lookout for ways to turbo charge my monthly dividends.

Currently I'm reinvesting all dividends in stocks that are selling for less than my original purchase price and taking cash payments on stocks selling above my original buy in.  By doing so, I'm reducing the average price per share on the under performers and holding the line on stocks showing capital gains.  Not exactly sure of the wisdom of this approach, but so far it's working out well for me.

I'm amazed by the ever increasing monthly dividends, whether I add new money or not.  Reinvested dividend income keeps monthly cash flows growing every month.  While the prices of my shares go up and down, my income from dividends just keeps increasing, regardless of whether or not some of my shares cut their dividends.  If the cut is minor, I usually keep the stock.  If they suspend dividends, they're sold and replaced with another dividend payer.