After deciding that I already update my Dividend Payouts every month and my Blogroll is crawling with Dividend sites, I am going to introduce a new monthly post.
At the close of each month, I will display my Dividend Gains and Market Moves for your viewing pleasure.
We dividend junkies love to leer at Portfolios.
Compared with 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.
I just had this idea for a new reoccurring segment. Therefore, this first one for January is coming out on the 12th of the month.
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.
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.
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 $10,408.55 into this portfolio for the calendar year 2019.
January I added $ 9,500 in cash and $908.55 in dividends to my portfolio.
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.