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.
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.