Quick Goal Update: My Annual Dividend Income Breaks $3,000!

-
Hello everyone! With my May financial statements and portfolio updates out of the way, and a couple posts in the works, I wanted to drop a quick post to give an update on one of the goals I had set at the beginning of the year. You can read the goals I set here if you need a refresher.

 The goal I refer to in the title here is the first on the list - I wanted to grow my annual dividend income to $3,750 by the end of the year. I most recently updated my portfolio tracker in mid May, which you can view here, and I realized that I had broke the $3,000 annual dividend income mark! From the time I set my goal, I've increased my annual income by $500 in just over 3 months time, and with more than half the year left to go, I'm confident I will be able to not only meet, but exceed my income goal!

As a side note, I have not added any significantly large positions since my goal has been set. My largest new position is Occidental Petroleum, whose yield made it tough to pass up, which was a purchase of $560. Outside a few other small purchases, this increase in my forward income is largely due to my 401(k) and IRA contributions, which are made to mutual funds and ETFs.

With the current volatility going on in the market, I see this as a great opportunity to get even higher yields on some great dividend stocks!

--

Are you on track to meet your goals this year? I would love to hear why or why not!

- FI Anon

Comments

Post a Comment

Popular posts from this blog

Dividends Galore!

-
Image
There's a link I keep up on my favorite bar, a list I visit very frequently. In fact, it's often one of the first places I go when I've got some extra cash on board, and I'm looking to invest. And when I looked at the link recently, something jumped out at me! What is this link I'm talking about? Let me share it with you here . If you haven't clicked already, the link takes you to a listing of the 'dividend aristocrats', sorted by their current dividend yields. NOTE: Please ignore the error on the VFC yield (sorry, it's not yielding 26%). I checked a number of others on the list, and the rest seem to be accurate. Dividend Aristocrats: What are they? To be considered a dividend aristocrat, a company must not only pay a dividend for 25 consecutive years, but increase that dividend for each of the past 25 years. As you can gather from the criteria, these dividend aristocrats are mature, cash generating companies, the likes of AT&T, Exx...
Read more

How Dividends and Reinvestment Can Protect Your Investment in a Down Market

-
Image
When I talk about investing with people, I always get the same comment. "It just sounds too risky. What if the price goes down?" I mean, it's a valid point, right? Nobody wants to lose money. The whole point of investing is to make money. And unfortunately, the risk of losing money is enough to keep some people out of the stock market completely. If only there was a way to avoid the pain of seeing your market value decline, while still getting all the benefits of a roaring bull market. What if I told you that there is a way? Well, sort of. Dividend Growth Stocks: Rewarding Shareholders In Any Market If you've read some of my other posts about investing, you may have picked up by now that I typically invest in dividend growth stocks. So not only am I usually looking for stocks with a better than average yield, but I also take into consideration a company's consistency of increasing their dividends on an annual basis, and projecting whether I think it is pra...
Read more

Weekly Watchlist - Week of July 6, 2020

-
Image
Fresh off a long holiday weekend, I'm back and at it again screening for undervalued dividend growth stocks. Stocks were up big yesterday, Monday, July 6, but futures this morning tell a different story. Hopefully the latter trend continues and more stocks fall onto my watchlist, as this week's list already contains a few familiar names if you've followed my prior weekly posts.  If you have not yet begun to give my weekly watchlist posts a read, you can familiarize yourself with them here  and here , and please continue to read going forward! As always, feel free to drop a comment if you have any thoughts or suggestions.  Further, if you're just getting into dividend investing, and are in need of a brokerage account with no commissions or fees, free dividend reinvestment (DRIP), and fractional shares trading,  then  check out this link and you'll get a FREE share of stock when you sign up for Robinhood using my referral link.  With little time to spare befo...
Read more