Dividend update 11-2-18

Back with another dividend update. The last one was almost 3 months ago and since then I have improved my forward dividend by 23 percent! So, lets jump right into it.

Here is my table of dividends as seen on August 5th.

Ticker cost avg percent yield dividend/share share # year equivalent
CEFL $16.92 14.36% $2.43 16 $38.88
LB $32.36 7.42% $2.40 10 $24.00
T $31.89 6.27% $2.00 10 $20.00
STAG $25.85 5.49% $1.42 20 $28.40
F $11.19 5.36% $0.60 80 $48.00
O $55.78 4.73% $2.64 27 $71.28
PG $74.40 3.86% $2.87 2 $5.74
AAPL $157.51 1.85% $2.92 1 $2.92
      Total forward dividend $239.22
      Yield on portfolio 2.81%

 

To recap that is $239.22 in forward dividends on $8500. I have since then increased my portfolio by $3,000 to a standing total of $11,500 as of now.

Below is the chart showing my current forward dividend.

Ticker cost avg percent yield dividend/share share # year equivalent
CEFL $16.55 15.65% $2.59 20 $51.80
LB $32.00 7.50% $2.40 11 $26.40
T $31.89 6.27% $2.00 10 $20.00
STAG $25.85 5.49% $1.42 20 $28.40
F $10.52 5.70% $0.60 115 $69.00
CAT $113.68 3.03% $3.44 2 $6.88
O $55.78 4.75% $2.65 27 $71.55
PG $74.40 3.86% $2.87 2 $5.74
AAPL $157.51 1.85% $2.92 1 $2.92
CBL $4.09 7.33% $0.30 40 $12.00
      Total forward dividend $294.69
      Yield on portfolio 2.56%

 

Some new additions have been made such as CAT, and CBL. I have also increased numerous positions such as F, LB, and CEFL. My percent total has gone down slightly since I have bought positions and added to non-dividend positions such as CHK, BPMX and FB. Unfortunately, CBL took a massive dividend cut of 67.5% and has significantly hurt my forward dividend projection.

I am currently in a holding pattern as I will have no more income coming in for the foreseeable future. I will be using my dividends to purchase more stocks and options and hope that I will be able to generate profits to keep my dividend base growing throughout the school year. I also hope to make some large sales in the future.

Several notes that I will highlight further in my passive income update which should be arriving here this weekend include. Added positions in my stash account that produce dividends and interest payments. Added cash in my savings account which produces interest, as well as added cash into my Lending Club account that also produces interest payments. While not dividend driven my passive income, streams are growing and will continue to grow in the future.

Below is a highlight of my dividends and interest over time.

Dividend tracking 2017 2018
January $0.00 $12.86
February $0.00 $28.19
March $0.00 $33.18
April $0.00 $15.35
May $0.00 $17.72
June $12.54 $28.21
July $6.39 $14.32
August $5.55 $18.42
September $20.68 $35.56
October $17.86 $25.08
November $23.12 $8.80
December $28.13 $17.25
total $114.27 $254.94

 

Reviewing over the last several months we can see August saw a dividend increase of 231%, September saw an increase of 72%, and October saw an increase of 40%.

div 11-2

Currently sitting ~$255 of dividends to be collected in 2018 unfortunately that will be far short of my goal of reaching $500 in dividends received. Consistency is key, and I plan to continue adding to my dividend positions and increase my passive income. With large sales and profits generated from that in the future we should see a dramatic increase in forward dividend in the coming months/years. In the coming months we will be able to see actual YoY gains on the full calendar year and see exactly how much improvement has been made since there have been various accounting changes as well as significant positions added that haven’t materialized quite yet.

As always let me know what you think and if you have any comments or suggestions I would love to hear them!

Summer Plans Review

On May 1st I wrote a post titled “Summer Plans” today I will review what steps I took to achieve these goals and aspirations and how you can too. First and foremost, to achieve these goals and aspirations you of course have to have these goals and aspirations and not just in your head but somewhere written down where you will see it often. If you follow me on Instagram @bsquared.website you can see I write my goals down in my notes and I post and look at them constantly. If you have good goals that are designed to get you to your end goal you will be in good shape.

  1. I am going to absolutely crush this internship/sales position. I mean crush it! This is the first time in my life that I will get paid on commission meaning every minute I am not working or trying to sell is a wasted minute. That goes beyond the job as well, I also have this blog and an Instagram, and I will continue to expand my social media presence and further build my personal brand.

In terms of Instagram and this blog I build my Instagram presence from 142 posts to 266 currently. I went from 39 blog posts to now 59. I wish I could’ve bumped up the blog post number quite a bit but it’s a process and takes some time. As far as the internship is concerned we will highlight later as I am still collecting checks and making sure everything goes as planned. How did I do this? I kept setting goals to increase these two metrics. Not the best strategy ever but I wanted more content, I will build on this content later and add more value for my viewers, that will be in the goals for the first half of September. 

2. I want to move away from the umbrella of financial security of my parents. They have done a fantastic job providing for me all my life and I feel obligated to lighten their load. I am making it a goal of mine to work harder than ever before to obtain scholarships and other means to provide for my schooling. My parents have also paid for my housing during college and pending the results of my friend meeting with his landlord tomorrow I should be moving out the fraternity house and plan to pay my rent and all necessary living expenses. I also came up with my method to do so. I have talked about Lending Club before on this blog but for those of you who haven’t read about it yet you can reference this post about it “Lending Club Review”.

 I was unsuccessful in obtaining scholarships, I realized I missed the time frame for most scholarships that would cover the 2018-2019 school year. I am living with a roommate and am no longer in the fraternity house. I am still working toward using lending club as my vehicle for funding my rent and utilities. I am currently making about $165/month from this method and I am still funneling money towards it. I mentioned in an IG post that approx. 31% of my portfolio I have not collected payments from because they are so new. This just goes to show that this takes time for it to materialize. Ideally by October we will be near the target and will let the monthly cash flow pay for my rent. How did I do this? I had a problem – paying $350 for rent and utilities a month ( I know some of you wish you had this problem cause Rolla is dirt cheap) . I wanted to find a solution that would make paying this easier and be able to make money while still paying. I was already using the vehicle (Lending Club) and I just had to commit to it. It had to have certain criteria (safe, familiar with it, monthly cash flow, easily withdraw-able etc.) then I put the money into it and I am still putting money into it. 

  1. I have also began looking at investment properties in my college town, with the hopeful influx of money I make this summer this may finally become a reality and I have also explained some of those plans in a previous post linked here.

This is just a little bit out of my reach, with a 20% down payment we are looking at $20,000 or so and I just don’t have that unless I were to liquidate all my funds. I also didn’t make the stock gains and investment gains that I planned to. I am focusing most of my money and energy into other forms of passive income like Lending Club and dividends. This will keep paying me over the school year and keep making money and fund all my activities. How did I do this? I didn’t sometimes you just need to know when to much is too much. I’m all about pushing hard for your goals and what will bring you closer to success but there’s just not enough to go around. 

  1. This will also be the first summer where I will be relatively free while I have been this interested in improving my life for the years to come. On my co-op I did not start investing until very late and then I returned to school and was again very busy with my other obligations. While on my internship I was taking 9 credit hours of summer class which took a very large toll on my time and extracurricular efforts. I lived an endless cycle of work, working out, and then studying and doing homework during the 5-day work week and then my Sunday’s were typically consumed in school work as well. This is another very exciting aspect of this summer that I can hopefully take advantage of.

This did not happen as planned. In theory when you are only door knocking 5 hours a day that doesn’t sound too bad. However, all the time I spent on returning phone calls, text messages, emails, keeping everything updated and documented was sizeable. I didn’t push myself as hard as I should have and I did my fair share of sleeping in and slacking off.  Why do I do this? Because knowledge is power. The more I know the better decisions I can make. The better chance I have of succeeding. 

  1. I intend to learn more than I ever have this summer as well. I have an ambitious reading goal this summer of 10 books which is crazy to think about since I have not read for leisure in years but the value that it has been bring to my life is incredible and I have learned so much already and I can’t wait to learn more. If you have any suggestions I am open to them all but I will most likely need to focus in on something related to what I would like to pursue later in my life, namely entrepreneurship, business, investment property and real estate, and investing.

I did learn quite a bit this summer from my internship, podcasts and books I read. The numbers won’t show it in terms of books I’ve read but I continue to learn and I am putting more effort into that during the school year. Refer to above italic text.

  1. I would like to make a strong effort to help my fraternities recruitment efforts this summer. Due to the new structure of our recruitment and pledgeship process this summer will be the ultimate factor to our future success and I would like to give my time, effort and talent to this endeavor. Not that I haven’t helped in the past, but I see the high importance of this task, but it will also give a chance to develop my new skills.

Unfortunately, I did not put as much effort into this as I should have during the summer and during the fall. I did a lot behind the scenes in terms of creative thinking and problem solving. I also set up events, but I did not really kill it like I did the year before in terms of actual recruiting. I believe this was just me getting older and wanting to have some fun for occasionally. Why did I do this? Because I feel obligated to share my knowledge and experience in this position to help out the current Recruitment Chair. I also think the ROI on the time and effort is well worth it. 

  1. I believe this summer will also allow me to network more than I have in the past and I have given up some of those opportunities for my other obligations in the past. Again, with all that I have learned this school year I believe this will be a key aspect in my ultimate success later in life and the more I can network and connect with the others the more opportunities will present themselves.

I did network when I could with my fellow interns, coworkers, and customers. Again, with my work schedule and other obligations it wasn’t as much as I wanted to. I do have 2 great references for my resume which will be key in my job hunting here to come, my immediate supervisor and my sales manager. Two of the best references I have had so far all created by networking. Why did I do this? Its not what you know its who you know. Ever hear that saying before? While I think what you know is important the message is clear and my references I listed in my resume will help me out dramatically and all the connections I have made will help me in the future. 

We are still pushing hard towards the end of the month. Keep your eyes open for more blog posts, more Instagram posts, more money and hopefully no problems. I’ll keep you guys updated!

As always, I would love to hear all your comments!

B^2

 

Status Update 3/12/2018

Hey how’s it going everyone hope you all are well.  I just wanted to give a quick update on what is going on with my life right now. If you’ve been keeping up with the biweekly goal analysis you know it’s been a crazy couple week and I’ve been super busy.  I can say nothing has changed on that front, I am in the middle of our big St. Pat’s party week right now, followed by a hard week of school with tests and then spring break. From then on, it’s still going to be a wild ride to the end of the semester. Because of this I’ve been putting the blog and Instagram on the back burner for a little bit. I was consistently working 16-18 hours a day between school, fraternity, philanthropy, rugby, and my personal endeavors and it was slowly killing me. Soon I plan to refocus my Instagram efforts and get the blog some better tools retain my audience (mailing list, email newsletters, more Facebook ads etc.) but I simply do not have the time to make that commitment all the way. On a positive note I have an internship more or less locked down for this upcoming summer its actually a sales position which is very different from what I am use to or expected to do, but the experience and income should be very beneficial. I think the unique schedule I will be working will also help with this blog, and my other endeavors so hopefully that leads to some explosive growth this summer. I was also considering changing the focus of the blog entirely, as it sits now its me sharing my financial journey, but I guess it’s boring right now to be frank. I’m not making many moves right now since I haven’t had any income since August. I am reading books and learning about successful people and how to be successful and am reading a lot of motivational content so maybe that may be a temporary route I go. As I said above its been busy and we are in a holding pattern right now so hold tight while I get my life together.

If you have any suggestions, ideas, content to talk about, or products to aid in some of my problems stated above let me know!

B^2