May has been another fine month for dividends. While the talking heads gas about why the market will tank 10-20% or why the market will go up 10-20%, the dividends continue to come in regardless. It won’t all be sunshine and bunny rabbits, i’ve had dividends slashed due to extreme moves in commodity markets so it isn’t ‘free’ or ‘easy’ but i used to spin my wheels a lot more day trading than with this. I didn’t make a single trade this month although i was sorely tempted a few times. The $ amounts continue to grow and although still light, the momentum is clearly building and i’m happy with where things are year on year. I continue to invest in energy ( because everybody hates it ), i also believe another green revolution will be coming ( super long term investment ) so i do focus on big corporates with a foot in the door of renewables. I’m stuffing some cash to the side in preparation for whatever occurs with events later this year. There’s a good reason why the market has done nothing but go sideways, there are strong arguments for both sides. However, when the market does breakout, it’ll be an awesome move one way or the other.
This month my dividend tally came in at around $1584. This isn’t bad, in May 2015, i made $943. My aim is to get on average of over $2000 per month comfortably and then see where to go. I think i can probably get there in about 2-3 years. My total dividend income since i started in mid-2013 with nothing is now around $30k. Not bad but still could do better. The good thing is that the income will continue to grow nicely because i am trying to max out all my funds when i can – i am also diversifying for those rainy days.
Hope your dividend month was a good one, stay frosty.