Once again a calendar year has ended and I want to Review how I am doing on my passive dividend portfolio.
Last Year (2019), I plowed a total of $42,648 in new money into this portfolio. For 2020, that number is; $18,737
January – I put in $500 cash to my account and accumulated $700.85 in dividends.
February – I put in $500 cash plus $ 370.47 back in.
March – Altogether $2,195.68 between dividends and cash ($500).
April – All in $1,362.68 as dividends and cash ($610).
May – Dividends = $551.60 plus another $500 in cold hard cash total; $1,051.60
June – In dividends, $ 1,481 + cash deposits of $610 equals a monthly total of $2,091
July – $500 in cash plus $ 701.09 in dividends!
August – $610 in cash and $ 432.17 in dividends!
September – $610 in cash and $ 1,674 in dividends!
October – $ 500 in cash and plowed back in $ 631 worth of dividends
November – $610 in cash and $ 541 in dividends!
December – $500 in cash and $ 1,546 in dividends.
Here is my 2020 Dividend Year in Review Scorecard. By that I mean my New Dividend Gains, Stock Action, and Market Moves for your voyeuristic viewing pleasure.
Now Let’s Review last year;
My Dividend tally is slowly creeping toward that Epic Milestone of $1,000/month. My plan is to not stop until I am replacing $1,500/month of paycheck income with passive income from a Dividend Portfolio.
Without further teasing,
I DO NOT buy stocks to have them go up in value and then sell at a profit. That kind of stock market game is not to my taste. It is too hard to try and beat the market, I learned my lessons long ago. One of the great things about this type of Portfolio is that I am not living and dying with the swings of the market. I do not care much about the day to day ups and downs of the DOW because I am interested in the Dividends, not the market value of the individual stock.
I usually sell off a stock when I am down either more than $400 or 12%. I hoard up these losses to take as a deduction on my taxes. The IRS allows a deduction of up to a $3,000 loss of stock transactions in a given year. What I don’t use, I roll over for future years.
It also turns blood red Bear Markets into nothing other than buying opportunities for New Dividends.
Have faith in the markets, at least for a percentage of your capital.
My 2020 automatic deposits to this account have been bumped up from $250 to $500/month. Plus all dividends accumulated are used to buy additional shares. I also stuff random amounts of cash into buying more shares whenever the opportunity arises because I am more than a little obsessed. Are you a dividend junkie?