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.

10 Replies to “March 2017 Income Update”

  1. Awesome job with the new capital! I’m still paying down debt so we’ll see when I can start investing #s like that again! Great job.

    Passive Income Dude

  2. Dude, $317.10 is pretty awesome!

    I’m so stoked for you hitting that $6,000 monthly stock buys soon! I just paid off my car loan this month to open up $340 more a month to buy stocks. That made me stoked, but $6,000 sounds nice too. =)

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