This month I earned $377.01 in dividends. I have been consistently adding to my portfolio and am really close to meeting a few milestones. First, if you’ve seen my net worth updates, I’m almost at 50k in net worth (I started this year at 10k in net worth and assets). Continue Reading
Power of Compounding Interest
Compounding interest is a simple method of putting your money to work for you. Think of it this way. If you save $100 each month for 10 years, you’d have $12,000. Now what if we add interest to that? Let’s add 7% annually. The same amount, compounded annually would give Continue Reading
Dividend Update June 2020
This month I picked up $241.02 in dividends. Still getting the base of my portfolio established and working on sector diversity. It’s fun to see it grow. Using DRIPs, I picked up 8 more stocks commission free. It’s not much, but it’s a start to help get the ball rolling. Continue Reading
Dividend Update May 2020
This month I picked up $71.87 in dividends. The fluctuation between this month and the previous month is due to quarterly dividends. Some companies pay their dividends monthly, such as many REITs, others quarterly, and some annually. I made some major additions to my portfolio this month, which should start Continue Reading
Dividend update April 2020
For this first post, we’re going to look back at April 2020 and see how I did. Moving forward, I will be doing monthly dividend updates. I’m choosing dividend investing because it suits my personal goals. What are my goals? First and foremost, my goal is to build wealth to Continue Reading