Markets going up, up, up, dividends rolling in nice and steady – for now.
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 End of Summer 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.
Closed my positions in CVX (oil is for dinosaurs). Ended my relationship with Disney (they stopped their dividends). Lastly, called it quits with Cardinal Health. On the upside I got a lot of money to sprinkle among stocks I still like.
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 $ 11,015.58
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!
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?