This month, the dividend tally came to $1153.91 – this is about 10% less than the same time last year. This is simply a function of moving funds around and the dividend payment cycle adjusting as a result. I tend to sell blocks of stock when opportunities arise and funnel the funds into various trades on the premise i can juice the returns and re-invest back in for the long-term. This is a risky approach but i am confident in my discipline to be proven right or wrong and not sweat the small stuff.
My returns will still be on track for over $20k by the end of the year. Also of note, my life time dividend income has now exceeded $50k. This isn’t a crazy amount of profit but the returns per year are really going to move in the future. Within 5 years i am expecting to be close to $200k.
The focus right now is to catch the market on a more significant dip – i’ve allocated a cash position in anticipation of a proper correction – the sell-off early last week doesn’t feel complete and i am still looking for some kind of run down to test 2400-2410, possibly lower but we’ll see. That said, the strength of the tape is really quite remarkable which means the long stock portfolio continues to return big time.