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.
I sold 250 shares of PAAS @ $13.572/share. I used the proceeds to purchase more Southern Company (SO).
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.
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.
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.
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
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.
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.