Yet another month flies by, where has this year gone already? Well one positive that always comes at the end of each month is the dividend payment. This month vs last year, i managed to increase the return by over 4x. I’m pretty happy with that but still behind the curve. The haul for this month was about $496. This means i am now on average receiving this kind of payment for not doing very much which is kind of nice. There will be a significant boost in a few months as i am fortunate enough to re-allocate a bunch of capital elsewhere into dividend paying stocks. I’m still aiming to for about $8000 or so this year.
So where did the bulk come from this month? No one stock in particular, i just kept the same list i always have, i have about 12-15 stocks on it and i just keep buying into the ones that keep working but i don’t own any one excessively if that makes sense. I’ll probably start to spread out to 20 or so but only if i see opportunities, i’m not a believer in just buying for buyings sake. Sitting on a portfolio when the market eventually tanks 30% is not the most pleasant experience admittedly and i want to keep a lot of powder handy for that. Some of my current holdings have gone up considerably more than what i would of received in 10 yrs worth of dividend payments – that’ll warrant another post some time.
I’m aiming to smooth out the income volatility over the next few years, being up $1000 one month and then up $500 another is not ideal. I’m also looking at call writing to boost the yield especially when the market begins to run out of steam.
Hopefully everyone else did great and got a nice net boost. This is a marathon and not a race.
Image courtesy of Stuart Miles / FreeDigitalPhotos.net