End of Summer Dividend Recount

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.

Stock Action;

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?

That’s all for my End of Summer 2020 Dividends Scorecard!

2 thoughts on “End of Summer Dividend Recount

  1. Oil and Gas is hard. I have one or two small dinosaurs in my portfolio. Sitting on my hands waiting, probably a mistake.

    I have not given up on Disney yet, and one of the only businesses where I applauded the div cut.

Let's get things nice and sparkling clear