Hello everyone, I hope the new year is treating you well. My apologies on the long absence from the blog, it’s been way too long since I’ve written an update on the portfolio. This is the first post made on the site since September, so it feels great to get back in the saddle once again.
I keep hoping that I’ll find more time for writing on investments and my portfolio, but it’s becoming apparent that more limited time is my new reality. With a full-time job and three young kiddos at home, I’m finding that it’s not just the busyness of life that keeps increasing, but also the exhaustion at the end of the day from keeping up with it all. Maybe it has something to do with turning 40 in the fall; but those midnight writing sessions just don’t come as easy as they used to!
Greetings and welcome to the summer edition of the DGI For The DIY dividend income review. My apologies for the lack of updates in recent months, I’m sure you’ve all been on the edge of your seats in anticipation of a new article!
As is likely the case with most of you, it’s been an incredibly busy summer for my household. It seems I make this comment with every update, but free time has become even more difficult to find in recent months.
Hello and welcome to another monthly update on the DGI For The DIY portfolio, I hope you all are having a happy spring.
Considering we had snow on the ground until late April, my family was busy in May enjoying every minute we could of the warm weather.
Bike rides, T-ball, fishing, hiking, family vacations…we pretty much tried them all.
With all that activity, investments and blogging have once again been put on the back-burner, but I’m totally fine with that.
Dividends are great and all, but they are no comparison to the reward of hearing the excitement in your son’s voice as he lands his first sunfish. And then hearing equal excitement as he lands a half-dozen more.
He thought Mt. Rushmore was pretty great too, and he got his money’s worth out of the $3 binoculars his mom found for him at Target.
The month of February is in the books, and it was an extremely volatile one for the stock market. It was also a busy month for me personally, as deadlines led to overtime at work and frequent snowstorms provided me with ample exercise opportunities in shoveling out the driveway.
As I type this update, we sit just three weeks one week away from Christmas. My kids are getting more excited by the day, and my 3-year-old still hasn’t quite figured out why it isn’t already Christmas since the tree is up and Christmas songs are playing on the radio.
However, the purpose of this post isn’t to look ahead, it is to review the past month, and November was another excellent one for both myself and the portfolio.
My apologies for the delayed update, it’s been a crazy month at both work and home, limiting my free time to do much writing of late. I also needed to get my Q3 portfolio update finished up before we got too far into Q4, and that was published on Seeking Alpha last Friday.
With that article out-of-the-way, I figured I’d get an update on the September income put together before October closes out.
September was another successful month for the portfolio, as dividend income rose by 10% over 2016 levels. This increase came through a combination of organic dividend growth, dividend reinvestment, and new cash contributions to the account.
My favorite part of dividend growth investing is declaration day, the day when a new dividend rate is announced by one of the companies I own. People generally get one raise per year at work, but with a portfolio of 53 stocks, I average better than one income increase a week!
I keep a log of all the dividend growth announcements made by companies held in my portfolio going back to the beginning of 2013. By doing so I am able to see when each company announces their new dividend rates, and decide if there is a trend on when those new rates are declared.
October brings five companies to my attention who are likely to announce higher dividends. I will look at each of those stocks below, and give the reasoning behind my predictions for the new dividend rates.
Dividend growth investing is the strategy of buying shares in companies that have a history of paying reliable and increasing dividends.
I began practicing this investment strategy in early 2013 when I sold out of the mutual funds in my retirement account and used the proceeds to create a collection of 50 dividend growth stocks, which evolved into the DGI For The DIY portfolio.
My goal is to fund a significant part of my future retirement with the increasing dividend income stream that this account produces. I give monthly updates of the portfolio’s dividend growth progress to document my journey and offer an example for others who are interested in taking control of their own retirement accounts by becoming self-directed investors.