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‘.
Time for my end of Summer dividends. Here are 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.
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.
I have plowed a total of $36,795 into this portfolio for the calendar year 2019. (so far)
January – I added $ 9,500 in cash and $ 908.55 in dividends to my portfolio.
February – I added $ 3,000 in cash and $ 317.52 in dividends to my portfolio.
March – I added $ 3,000 in cash and $ 1,466.93 in dividends to my portfolio.
April – I added $ 3,310.72 in cash and $ 675.37 in dividends to my portfolio.
May – Some serious capital that will generate New Dividends. I added $ 4,750 in cash and $ 583.98 in dividends.
June – I added $ 1,800 in cash (below average this month), but also $ 1,276.41 in dividends (high water mark for a June!)
July – I added $ 3,116 in cash and $ 651.17 in dividends to my overall portfolio.
August – Lower than average, I put $ 2,000 in cash and $443.55 in dividends back into the 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 because I am more than a little obsessed. Are you a dividend junkie?