Dividend Greedy 2018 Money Moves

Well as 2018 draws to a close, it is time to review my stock market moves for the year and count up those dividends.

Stock Loss Harvesting;

One thing I do throughout the year, but especially at year’s end, is harvest my paper losses. 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.

I also don’t mess with Stock Gain Harvesting. This is where you sell stocks you have made gains on, right up to the edge of a new income tax bracket. Then you buy back the stock after the Wash Sale period. This is all to minimize the taxes to be paid on gains later when you liquidate the stock for good. Too much math for my poor lawyer brain.

My current stock philosophy is trying to create the perfect Dividend Portfolio.

That being said, I usually sell off a stock when I am either more than $400 down or down over 12%. I hoard up these losses to take as a deduction on my taxes. One is allowed to deduct up to a $3,000 loss of stock transactions in a given year. What I don’t use, I roll over for future years.

Ever mindful of the Wash Sale Rule, I will buy back the stock later if I still believe in it.

Side note; Wash Sale, Investors who liquidate their losing positions must wait at least 31 days after the sale date before buying the same security back if they want to deduct the loss on their tax returns.

What I sold off in 2018;

Cardinal Health & Juniper Networks are the only ones of these losers I have bought back so far.

Let’s roll that Beautiful Dividend footage;

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.

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.

It also turns blood red Bear markets into nothing other than buying opportunities.

Have faith in the markets, at least for a percentage of your capital.

I have plowed a total of $17,851 into this portfolio for the calendar year 2018.

My 2019 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.


2 thoughts on “Dividend Greedy 2018 Money Moves

  1. I too keep a track of my dividends (I break it down into: dividends from all my retirement accounts; dividends from my brokerage account; and total dividends from both). That way I know what kind of cash flow I can expect when I retire early and then after I hit traditional retirement age.

Let's get things nice and sparkling clear