Is It Safe To Come Out? – Dividends in June

Markets still on a roller coaster ride, but dividends rolling in nice and steady – for now.

In terms of bragging rights for future reference, I pulled back from the markets on 06/04/20. I kept my dividend portfolio invested, but moved many of my retirement accounts into bond territory. I now have the risk of a man 15 years older than I really am. I guess time will tell whether or not this was wise.

I update my New Dividend Payouts every month and my Blogroll is crawling with Dividend sites, let’s face it, I’m a Dividend Junkie.

Surely, I am far from alone. There are loads of us out here in the ether, lurking around,  ogling each others portfolios.

And by ogling I mean ‘to look at amorously, flirtatiously, or impertinently‘.

Here is my June 2020 Dividends Scorecard. By that I mean my New Dividend Gains, Stock Action, and Market Moves for your voyeuristic viewing pleasure.

Compared to 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.

Stock Action;

Yes, I came crawling back to Wells Fargo like a confused lover who never learns. Essentially this was a wash sale. The company keeps making mistakes, but I just can’t help thinking it will all pan out in the end.

Wish I knew how to quit you WFC?

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.

Last Year, I plowed a total of $42,648 in new money into this portfolio. So far, for 2020 I am at $ 8,772.32

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

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?

That’s all for my June 2020 Dividends Scorecard!

2 thoughts on “Is It Safe To Come Out? – Dividends in June

  1. i’ve been making my own “dividends” by selling little slices of our growth companies as they reach new highs. it was hard to learn that planned sale skill but putting some towards cash i find similar to your moving some index funds to bonds. oo, wells fargo!

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