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‘.
At the close of each month, I now display my New Dividend Gains 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 $30,587 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!)
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?