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.
The Super Bowl is now over, which means the month of January has come to a close. Being a life-long Minnesota Vikings fan, this also means the inevitable disappointment that comes at the end of another NFL season.
By now I am pretty used to it, and will admit that the losses have become easier to accept as I’ve gotten older. I guess when your expectations are low, and you expect the bottom to fall out, when it finally does it isn’t as painful as when you are a child and expecting greatness.
What a year! I don’t know about the rest of you, but 2017 was an incredible 365 days for me and my family. It was a year that brought fun life experiences, a change in my career path, and some new milestones for my portfolio and this website.
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.
The DGI For The DIY portfolio was built to provide me with a growing dividend income stream that will eventually help fund my retirement.
The portfolio continues to do as it was designed by producing a steady increase in dividend payments over the course of the year.
October continued this trend, as the dividend income earned was 19.9% higher than that received in October of 2016.
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.
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.
It’s been a crazy busy summer in the household, so my apologies for the limited number of posts on the site of late. Between T-ball, swimming lessons, high school reunions, family vacations, and everything else, the weeks have really been flying by.
It seems like I just finished up the June portfolio update, and here we sit a week and a half into August already and I’m just getting the July report put together.
However, despite the lack of free time to manage my portfolio, it continues to chug along just fine on its own. Dividend income in the portfolio grew by 16.7% over 2016, and the July totals put me over $1,100 in dividends collected so far in 2017.
4th of July festivities may have ended, but I’m still celebrating after tallying up the last of the dividends received during the month of June.
It was another successful month in the portfolio, as dividend income increased by 11.5% over 2016, and by nearly 2% over Q1. This increase was driven by add-on purchases of two companies I already owned, reinvestment of dividends, and organic dividend increases to dividend payouts.
Another month, another big year-over-year increase in my dividend income, and the best part is that it took very little effort on my part for it to happen.
The income was driven by a handful of new purchases in the portfolio, the compounding action of dividend reinvestment, and some good ole fashioned dividend increases by the companies I hold.