Well, this summer has flown by and football season has begun. It’s also time again for another monthly update.
Below is a summary of my activity for the month:
New Purchases ( $8,387.02 NET):
$2000 of BP
$1100 of JNJ
$900 of MDT
$500 of MO
$500 of PM
$500 of PEP
$500 of KO
123 share of TWGP @ $16.24/share ($1997.52)
70 shares of OHI @ $30/share ($2100)
50 shares of SO $43.65/share ($2182.50)
Posts about new purchases can all be found by following the “Buys” label here.
Sells:
I sold 250 shares of PAAS @ $13.572/share. I used the proceeds to purchase more Southern Company (SO).
Options Trades:
I sold puts in DOW and TWGP. I closed or had expired puts in KO, CSX, and TWGP. I earned only $21 in profits due to me rolling a put forward in TWGP losing $350. With recent weakness and accounting issues I reduced my risk on that put. My total for the year so far is $3136. I’ve updated all of these trades on my Options tab.
Dividends:
I earned $539.35 in dividends for the month. August was a much larger month than May mainly because of a large dividend from VOD. My total year-to-date dividend income is now $2999.69. I’ve updated my dividend income on my Dividends tab.
Forward 12-month Dividends:
My expected future 12-month dividend income has increased to $7200.71 from $6727.91, an increase of 7.0% ($472.80) in one month. I made a milestone post about receiving $600/month now in dividends.
Goals:
I have completed all but 3 of my goals. The next goal I will hit will be $450k net worth hopefull sometime this month or early next month. I’m well on my way to meeting all of my goals except the refinance of my primary residence. All of my goals can be found on the Goals tab.
Real Estate:
I had been looking into possibly buying a third rental property. I instead decided to pay down the condo unit to eliminate PMI. I posted about that here. This should be completed in September and I’ll once again be looking into another rental property.
I was deciding whether or not I was going to buy a solar system and made some comparisons here. I’ve also decided already which system I’m buying. I’ll post the results of the system that I picked soon. All of my real estate posts will be found on my real estate label
Net Worth:
My goal is to hit a net worth of $450k by the end of the year. I started January at $334k and I’m currently at $432k. This is an increase of $22k Since last month. I only need another $18K to meet my goal.
Looking Ahead:
August should be a great month for dividends. My estimates are to break $1000 for the first time ever! I still need about $2000 in dividends for the rest of the year to meet my goal of $5k in dividend income.
My options income should get passed up this month by dividend income.
Since I’ve already met my forward income goal of $6500, I’m now shooting for $8500. In order to reach this new goal, I will need to contribute another $37142 to my portfolio this year at an average yield of 3.50%. I’m currently averaging about $8500/month in contributions so this new goal may prove difficult..
I’m getting all preparations for my solar installation. Most likely it won’t be completed until the end of October but I will post updates.
Awesome update, nicely done! Do you still have a regular 9-to-5 job?
Hi Dividend Dream,
I still work a regular 40 hour schedule for the most part but I am managing my own company. I still work hard but I make sure and take some time off to relax. Most of the time I’m technically “working”, I am doing something I enjoy so it doesn’t feel like work. I’m fortunate that I’m not stuck doing mundane tasks any more. I actually don’t dread going to work in the morning like I used to.
I noticed you are making some nice progress on your portfolio and have a lot of stocks that I own as well. I wish you luck in your journey and I hope you keep stopping by.
Take care.
I tried to look at your solar system comparisons. Says its locked and we can’t view this. I love the blog! Congrats on being able to put that much towards the dividend investing.
Hi Mat,
The link should be fixed or you can go here:
http://www.www.allaboutinterest.com/2013/08/buying-solar-system-can-be-good.html
I’m glad you like the blog. I hope you keep stopping by. I’m also planning an update on which solar system I chose and will post that over the weekend.
Take care!
From the picture, UT must be your team. As a BYU fan I felt compelled to talk a little trash before Saturday’s game, ha ha. Go Cougars!!
Hi Anonymous,
Yes, UT is my team and that’s where I went to school. Haha, I wish you luck my friend. You may need it Saturday night 🙂 I do expect a much better game from BYU than New Mexico State. I can’t wait for the game.
Hook’em Horns!
Ditto on the ‘Go Cougars’!! Hopefully a better fight than Virginia……
Gig’em Aggies! Manziel’s got that swagger.
That’s amazing that you’re going to break $1k in dividends in a month, especially considering how quick you’ve gone from just $35 1.5 years ago. About how much of your expenses are covered through dividends?
Keep up the great work!
Hi PIP,
An Aggie fan! Boooh! All I can say is who won the last meeting. Yep, a come from behind Texas win baby!
Well my projections are to barely break $1000 so it will be close. On my goals page you can see how much of my expenses are currently covered. Averaging about $600/month I currently have about 11% of my fixed expenses covered. I still have a long ways to go! I do plan on reducing these expenses though. The solar system will save me about $120 or more a month on electricity for instance.
Thanks for stopping by!
550 yards rushing luck was good enough to get the job done it seems! 😉 Just some good natured jabs, ha ha. I’m a huge fan of your site and a daily visitor. Thanks for all your informational and inspirational posts. -Cougar fan