July 2017 Income & Status Update

I can’t believe we are already done with July, it seems time is just flying by.  Things are running very smoothly with the portfolio, I have started to downsize my portfolio as it was a bit out of control with too many small positions and happy to report it is done.

New Capital

Happy to report that I was able to inject more capital to my Dividend Growth Engine, a total of $4,304.90 that is currently being deployed.   It is still 4x more than I was able to put last year and now that I have cleared off all credit card debt, this amount should start increasing also.

Dividends

Because of the shift of my portfolio, July was a small dividend month in terms of payouts, most of the dividends are getting paid out on the 2nd and 3rd month of the quarter.  Total income was $9.70 compared to $10.09 last July.  Companies/ETFs that paid out dividends are:

  • SPHD
Purchases
  • V (added 50 shares  @ $94.00)
  • TGT (added 10 shares @ $50.36)
  • SPHD (added 100 shares @ $39.75)
  • COST (added 10 shares @ $151.12)
  • T (added 75 shares at $36.63)
  • VZ (added 75 shares at $43.76)
Portfolio Balance

July finished with a balance of $91,801.51, a 13.24% change from June of $81,067.81.

I’m extremely happy with the portfolio performance thus far, balance is continuing to grow.  Expected Monthly Portfolio Income is also growing sitting at $279.23 in passive income that is being re-invested every month and thus getting closer to reaching my goal of FI.

Thanks for reading,

Tech Guy

June 2017 Income & Status Update

Hello everyone.  June was another rockstar month for me in terms of growth and capital deployed.  I’m starting to shift some capital from the winners to some of the losers to balance things out.

New Capital

Now that the engine is roaring for multiple years, the comparison from what I

first started to where things are now shows that it really pays to keep notes of how you are progressing in the financial independence realm.   For the month

of June 2017, $3,265.57 was new capital deployed, not what I would like to average on a monthly basis, but still double what was last June of $1,541.24.

Dividends

June was my best month ever for dividends, a solid $483.40 in dividend income, compared to $21.66 for June 2016.   It is just insane that if you make a process, believe in the process and follow it, you will be greatly rewarded on the end.

Purchases
  • SCHG (added 99 shares at $63.98)
Debt

I haven’t talked about debt here before but I been liking Passive Income Dude spreadsheet and I hope to evolve to something in that sense.  I fully believe that the only thing that slows you down from achieving FI faster is debt.

This has been one of the hardest challenges to do while contributing new capital for investing.  I know some of you will say, pay debt down first, invest later.  In a sense I agree with that, but when you create a process of contributing every month, you essentially write off that money and don’t treat as disposable.  It has worked for me to pay my self first before paying down debt.

The month of June was the last month that I carried any credit card balance and I am grateful to God for that.  I hope to remain debt free while I build up the snowball.  I do not have any Auto Loans either and do not believe in them,  the only thing that I have are two mortgages.  One for my rental property and one for my primary residence.

Portfolio balance

Month ended at $81,067.81, an increase of $9,276.60  from the previous month.

Thanks for reading guys and lets keep on investing.

-Tech Guy

May 2017 Income & Status Update

Hello Everyone, I’m sorry for the late update.  I have been busy with work and life in general and didn’t update on the time that I like to update.

May was another record month for me as we plow through and get the engine roaring.

New Capital

I have transferred a record breaking $5909.77 for new capital to be deployed into stocks.  An incredible update from $361.87 of May 2016 which I am extremely happy with the progress so far.

Dividends

Dividends are still growing nicely also year over year.  For May, I received $157.85 in dividend payments, a 7X increase from the previous year of $17.93.  Again, I’m extremely happy with the progress.

Strategy/Moving Forward

I have started consolidating most of my portfolio and did a few changes as I had way too many stocks that I purchased when they took a dive and sold them at their highs.  Most of the sells it would have taken me years to realize those gains through dividends.  I have started parking some money on SCHD which is a low cost dividend ETF.

Portfolio

Ended May 2017 with the portfolio size of $71,791.21, an increase of $9,466.21 from the previous month which I’m extremely happy with.

Thanks for reading the update and I promise I’ll get back on schedule with these updates.

April 2017 Income & Status Update

Another month has gone by, 1st Quarter is officially in the books and earnings are starting to come out.   Stock market is loosing a little steam and seems to be going sideways the past few weeks and I’m still investing.

One interesting fact is this marks the one year mark where I decided to switch gears in investing and approach more of Dividend Growth Investing strategy.  So far the results have been producing a nice stream of income and is more reliable that speculative buying of stocks.

Recent Buys
  • VZ (added 50 shares @ $47.13, total of 55 shares), 4.28% yield
  • JNJ (added 10 shares @ $121.76, total of 29.1196 shares), 2.73% yield
  • IBM (added 3 shares @ $160.36, total of 9 shares), 3.31% yield
New Capital

I’m still on the accumulating phase and been trying to scrap every little dollar I can and transfer to brokerage account.  Credit card rebates, coupon savings difference all get sent to brokerage account as new capital.  This year I added is $4145.45 of new capital, compared to $960.40 for last year.  Growing very nicely.

Dividends

April has continued the growth streak, I’m still not anywhere where I want to be in terms of aggressive dividends due to tax refund not coming in yet but still showed growth from previous year.  I received $106.14 in dividend income compared to $12.99 for last year, a 7-fold increase 🙂

Dividend increases also propelled nicely and added an additional $17.33 in future income.

The train continues.

March 2017 Income Update

March is now behind us and we are looking forward to April.  Its the third month in the quarter and my biggest dividend income month.  I’m still adding new capital and buying solid companies.

I also took advantage of the SNAP IPO and made a cool grand on getting right at when market opened and flipping 1 hr later for $998.51 profit.  I did not try in being greedy and repeating it and just moved on.

March also marked a full month at my new brokerage Merrill Edge and I am extremely happy with how everything turned out.  I highly recommend using them if you have Robinhood and are past the $50,000 portfolio size.

Recent Buys
  • CCP (added 45 shares @ $24.97) 9.12% yield.  Solid Healthcare REIT.
  • DOW (added 15 shares @ $62.98, total 16 shares) 3.22% yield.
  • CSCO (added 50 shares @ $33.84, total 93 shares) 3.08% yield.
  • QCOM (added 15 shares @ $56.49, total 34 shares) 3.22% yield.
  • CVX (added 20 shares @ $108.08, total 21 shares) 4.00% yield.
New Capital

March was a good month financially for me overall.  I finally was able to pay off all the debt I had except for Mortgage with the Tax Refund so starting in April, New Capital should have Nitrous Oxide attached to it as I’m kicking into overdrive for monthly average of at least $6000 by year’s end.

Total new capital for March $4458.98, compared to $566.72 for 2016.

Portfolio Health

Portfolio has been growing nicely with new capital and dividends starting to come in on a weekly basis 🙂

The month ending portfolio balance was $62,284.86, +$7,186.26 from previous month.

Dividends

This is one of my biggest months in dividends payments ever since starting in this journey.  March 2016 dividends was $13.19, March 2017 a staggering $317.10, over 23x growth 🙂  I can definitely say the snowball is growing very nicely.

Dividend Increases

Current dividend growth average for my portfolio is sitting at 7.33%, a little drop from February’s average but still growing which is awesome news.  The growth helped add an extra $44.75 in yearly income.  Nice little raise.