Hey guys! It has been quite awhile since my last post. I got busy with a wedding and beginning a new life as a married man. I would not have asked for it to be any different and it has been going great! While I may have taken a break from updating the site, the cool thing about investments (and dividends) is that they kept working for me this entire time.
Since my last income report from May 2018 (wow that has been a long time!), I am pleased to report a number of successful months of dividends:
- June 2018: $1389.52 (41% YOY increase)
- July 2018: $314.30 (1% YOY increase)
- August 2018: $671.52 (50% YOY increase)
- September 2018: $1638.04 (35% YOY increase)
- October 2018: $381.21 (23% YOY decrease)
- November 2018: $548.32 (11% YOY increase)
- December 2018: $1520.70 (19% YOY increase)
- January 2019: $508.37 (45% YOY increase)
- February 2019: $204.41 (66% YOY decrease)
Most of the months were year-over-year (YOY) increases, though October 2018 and February 2019 were decreases. To pay for wedding costs, honeymoon, etc, I did have to sell some stock. Much of the loss of dividend income came from selling AT&T. That had been one of my largest single positions at around $30,000. Given AT&T’s 6+% dividend yield, selling AT&T took away nearly $2000/year in dividends. The sale wasn’t all that bad because I was able to lock in a capital loss. I have also begun buying back AT&T, beginning with $3000 in the brokerage and $6000 in the Roth. While still short of the $30k I used to own, this is a good start.
I also sold some of my Apple shares and moved that money into non-dividend paying opportunities. I’ll do a post soon discussing why I decided to do that and detail some of those investments.
June through December 2018 brought in a total of $6,463.61 in dividends! This is getting up to substantial money! While it is not enough to live on at this point, I did bring in $10,408 in dividends for 2018. This is all getting reinvested back into the stocks that it came from in order to take best advantage of compounding.
Moving into 2019, my 12-month forward dividends are, at the moment, $8,699.75. This is unfortunately slightly decreased from the 2018 high. While I’m not backing down from dividend investing, I am diversifying into more non-dividend paying growth stocks, security token equity, and ownership in my company.
I’ve begun investing in the partnership for my company, real estate that my company owns, and other unique business opportunities. This all obviously costs money and we have had to take out some loans to pay for this. Our debt has gone up substantially, which I am not thrilled about but we’ll be able to use distributions and W-2 income to pay it off within the next couple years. Overall, this is good debt that we’ll be paying off quickly.
I’ll write a separate detailed post about these more unique investments.
And, I’ll be releasing some updates to the dividend spreadsheet as well.
I look forward to updating this site more frequently going forward! Thanks for reading.