For everyone who’s been following my journey, I thank you for your continual support. It has been a spectacular dividend year.
Can you believe it? It’s October already. We are fortunate here having to experience all four seasons. It was a rainy day, we figured the local park wouldn’t have as many people going out there. We were right, the park was pretty much empty, and the lighting was perfect for a picture day. Coming back from the park, I was exhausted, time to post my dividend progress.
October marks the first months that my Mini Canadian Bank ETFs and additional buys here producing dividends. During the market downturn in August, September and October, I took an opportunity to buy up Canadian Big Banks. All of which was yielding >4% at the time. It was too sweet of a deal to pass up, and as you can see the investment is paying off so far in the price appreciation and dividend appreciation.
|10/30/2015||JPM – JPMORGAN CHASE & CO 103115 20||$8.80|
|10/30/2015||TD – TORONTO DOMINION BK NEW 103015 10||$3.88|
|10/29/2015||BNS – BK NOVA SCOTIA HALIFAX 102815 10||$5.33|
|10/28/2015||CM – CDN IMPERIAL BK COMMRC 102815 10||$8.53|
|10/26/2015||GE – GENERAL ELECTRIC COMPANY 102615 90||$20.70|
|10/15/2015||BXMT – BLACKSTONE MORTGAGE TRUST INC 101515 20||$12.40|
|10/15/2015||O – REALTY INCOME CORP REIT 101515 50||$9.53|
|10/15/2015||STWD – STARWOOD PROPERTY TR INC 101515 20||$9.60|
|10/15/2015||WPC – W P CAREY INC 101515 10||$9.55|
|10/14/2015||DEO – DIAGEO PLC SPONSORED ADR NEW 101415 15||$32.06|
|10/14/2015||FOXA – TWENTY-FIRST CENTY CL A 101415 20||$3.00|
|10/1/2015||BXLT – BAXALTA INC 100115 10||$0.70|
|10/1/2015||BAX – BAXTER INTERNATIONAL INC 100115 10||$1.15|
Let’s take a break and smell the roses.
This month is noticeably higher than the $55.74 in dividends I received in July 2015. While $125 doesn’t look like much, but it’s a 45.93% increase over the quarter. You know, if I can double it two more times, that would be a living wage somewhere in the South America, Southeast Asia, or Africa. The market has recovered by 8%, it will be hard to find great deals as the month of August and September, but I won’t let that stand in my progress.
45.93% increase is like living in the dream
I was able to cover just over 10% of my expenses (check out how I kept my lifestyle from inflating) this past month through the power of dividends. It’s really great to know that I was able to cover 10% of my monthly expenditures without lifting a fingure. I don’t have to get up at 4am to be at work somewhere to earn that amount. It’s completely passive income.
The progress of dividend growth investing is real and tangible. The market can decide to mark up or mark down the value of a company day by day, but the dividends will still roll into my brokerage account just like usual. Dividends are reliable just like my expenses, and that’s one of the reasons I plan to use this strategy as my secondary income generator through early retirement. I either use dividend income to continue to reinvest to offset old age expenses or if one day I’m tired of managing property, dividend income will serve as my main source of income. It’s funny when my income is now come from 12 businesses rather than just relying on one company (my job). My job which there is always a risk of getting fired or layoff at anytime, but with pay checks coming from 13 different sources, even if I don’t receive pay from 1 or 2, I’m still largely unaffected. That’s the beauty of dividend investing strategy.
With 10 months of 2015 behind us, I’m now almost achieve one of my goals to generate $3,000 in dividends during the year. I am 84.20% on my way to completing my primary goal. I’m a little ahead. If I add December into the calculation, October and November will be bonus. I’ve now received a total of $2525.94 in dividends for the year of 2015.
I’ll add October into my dividend page to reflect the changes.
*notes all the photos are from the garden within walking distance from my rental property.