Hope everyone is doing well. As you may know I do a decent bit of investing centered around income and dividend growth. The appeal of constant cash flow, passive income, and free money has always intrigued me. As we closed out May I just wanted to share where I am at with my dividend situation. I have been focusing less on dividends than I did before, I obviously need some growth and value stocks since I am very young and have time to weather any storms. Shown below is a table containing my monthly dividend income, months in green are closed out and my June 2018 isn’t filled in either.
As you can see I narrowly fell short of my 2017 goal and I set my 2018 goal when I was very ambitious and into dividend stocks. Considering I have no active income during the school year building up a strong dividend portfolio is very important to me but perhaps not $500 in a year important. The graph below depicts the table above and we are finally at the point where we can start to see some overlap and how my dividends have improved and grown since I started tracking them in June of 2017.
The table below shows the various dividend stocks I own, their percent yield per my cost average, number of shares, year total payout, and my total payout and percentage compared to my total invested amount. As you can see if I want to reach that $500 in dividend income in 2018 there’s some serious catching up to do! Overall, I am yielding 2.41% compared to the SPY yield of 1.60% which isn’t bad. Like I said there isn’t as much focus on dividends as I’ve had in the past. My next purchases I would like to make would be some CBL unfortunately it shot up in price recently but a $100 investment in it would produce quite a bit of extra cash to work with every quarter. Maybe some more PG while its still cheap and O is currently my 3rd largest position in my portfolio and I try to add to it whenever I can when its down and those monthly dividends help tremendously when you have no income for 9 months of the year.
a year in dividends
percent of total
So, let me know what you think! Any dividend stocks on your radar? Any you think I should sell or buy?
I came to you guys almost 3 months ago with an overview of my dividend income and situation. Back then I was bringing in approximately $150 a year in dividends from Robinhood and with all dividends and interest included I was bring in a little over $20 a month. Today this is what we are looking at.
The above table tracks my dividends from multiple platforms (Robinhood, acorns, and stash) as well as interest I receive from Robinhood. As you can see there is a general trend upward and although there were some bad months (January) I receive upwards of $20 a month in dividends. Here is the table in graph form, the blue represents 2017 and the red represents 2018. As you can see March 2018 has been my best month to date with $31.68, or about a $1 a day.
Below is another table tracking my dividend stocks in Robinhood. As you can see I am now making approximately $200 a year in dividends not including stash dividends or Robinhood interest. This equates to approximately 2.5% return on my portfolio in dividends. I also have small positions in some very high yield dividend stock such as CEFL, CBL, and OHI. I am looking into increasing those positions moving forward and cost averaging down when I can, to increase actual percent yield which is calculated in the table below.
Overall, I am impressed with these results as I have been taking my foot off the gas in terms of investing in dividend stocks. I have been looking more into higher potential returns than higher dividend income recently and we will see how that pays off in the future. Currently my largest position is down big right now (~$750) as that comes up as I expect it too in 2018/2019 and I can funnel more money into my investing accounts I will keep you all updated on my stock portfolio and my dividends.
So I actually had this post written and ready to be sent on Saturday, but then Jetpack crashed and I lost the post because I didn’t save it and it was just a mess. But we are back up and running now so moving forward, February should be an awesome month for me. This blog was started in late November, did not have much success with it in November or December. Its the tail end of January and as I write this I’ve had 125 views and 75+ visitors! My Instagram account @bsquared.website was started in early January and has been picking up momentum. I’ve been experimenting with Facebook and Instagram ads and I think I just found winner!
In summation, January has been all about laying the foundation for what is to come. I’ve been pushing myself really hard in terms of school work, fraternity obligations, and all my side endeavors including this blog. I believe February will be the month to capitalize on the work that has been put in during January.
Only time will tell though, expect a lot more to come including book reviews, portfolio overviews, dividend updates, stock market moves I’m making, and a Lyft and/or drop shipping guide.
As you all know I am heavily invested in the stock market, $8,000 in my Robinhood account to be exact and I showed you all my portfolio not too long ago. You may have noticed some unfamiliar tickers and some dividend stocks I own. Well today I am going to give an overview of my dividend stocks, why I hold them, and how they play into my strategy.
Like I’ve mentioned before, I am a college student with little to no income from August to May. I also stretch invested my summer earnings with little to know savings left so I can not add more money to my stock account whenever I feel like it. That’s where my dividends come in.
Above is an overview of my current dividend stocks. It yields approximately $148 a year (1.85% overall in portfolio). This does not include the interest payments I receive from Robinhood which have been around $6 a month for the last 3 months. In total, my dividend and interest income from all apps and platforms is approximately $20+ a month. Now because I can’t put any new money in I have to play with what I got to be ready for opportunities as they arise. So how do I do that?
It happens about like this, I own a stock that is down huge right now (BPMX) approximately -66% right now and it trades at $.11 a share. It is very volatile and the whole time I’ve owned it, it general would swing in a 10-15% range. I would buy shares on the low end and sell at a 10% gain regularly. Using the dividends that I would receive to do that. I would continue to compound my small gains over and over and purchase either CHK which also is volatile and swings in a range to short trade, or buy more dividend stocks. O and STAG are both monthly dividend stocks with yields near 5% which allowed me to keep my short trades fluent. I would also sell bits and pieces of positions I’ve made good returns on (DE, BAC, F, MTR, VOC etc.) to fund the purchase of more dividend stocks, or other long-term positions.
While this may not be the most standard approach it has allowed me to compound small gains rapidly. It also keeps things moving and interesting as I am young and like to have fun with the stock market. I currently have on the table a buy order for 15 shares of CEFL a leveraged high dividend paying stock that I would expect to capitalize even more short-term gains on, as well as other long-term positions I am looking at.
This next year should be very interesting with my current portfolio and the stocks I am looking to sell and purchase here shortly, I will update this as I see relevant to my portfolio situation.