Well, i logged in and seemed to have jumped ahead a month on my last post, completely ignoring July. I’ve tidied that up so besides losing the plot i think we’re back on track again 🙂 Anyway, this is the real deal, the real August Dividend Update. This month i managed to rake in $731.10 for not losing any sleep, not worrying about the crazy market gyrations. I took advantage of the dump and loaded up on even more stocks and tucked them away for a long time.
This time last year, i brought in an insane $1451, a significant chunk of this came from Vodafone ( VOD ), i had a much larger position back then and this was all around the time they handed the Verizon Wireless back to Verizon.
My base dividend income continues to grow every month and it looks like i am pretty much going to be on track to equal what i made in 2014 which is no bad thing. A bit disappointing in that i had tried to aim for about $4000 more but c’est la vie.
My dividend plans stalled a bit mainly due to the market hissy fit at shall we say an inconvenient time :). I’ve had to push off big investments well into ’16 and ’17 now. I’m expecting the indexes to pretty much end up where they started at the end of the year.
This is one of the reasons i cut back on my futures trading, when you get amazing volatility like last week, it would of been insanely profitable for me but would of had to put up with 10 months of sheer torture. I will always love it and i will continue to dabble but it is a tortoise and hare situation for me, i am making a fraction of what i could make with dividends right now but this will correct in 5-10 years. Sure i could make 10-20k$ in a day sometimes with futures but the risk taken, the energy needed, your health, no time for anything else, lack of sleep etc..over the long haul, you just give a good chunk back and boy, is it draining emotionally.
In the end, i think the compounding and long term investing will hold me in good stead, it will also allow me time to do many other things which i enjoy ( and sitting in from the screen watching every tick gets boring real quick when you get older ). The one thing it did teach me though is about investor psychology, being patient, reading charts much, much better and that has fed into my long term methodology and significantly improved it.
Have a great weekend.