Good morning, afternoon and evening fellow readers,
June has come to a close and it was a $1.98 increase over May in dividend payments. Also hit a couple milestones.
First, this is the highest this account has ever been, I liquidated the account last year in anticipation for a nice and easy time line to follow, kinda like a reset of the blog, and all that.
Second, I have reached $0.01/hour average, while it’s very small and doesn’t really make that much of a difference, that’s $0.24 a day, which comes to M1 reinvesting on it’s own every 41.667 days (if I were to completely stop my contributions.
The markets had a pretty good month, there are signs of hope on the tariff front. The G-20 Summit is this weekend that should send us in a direction big, especially if some type of deal does develop.
I was paid by 47 companies and out of the 20 trading days, I was paid dividends 13 of those days.
I also anticipate that I will reach my $25 in dividend payments for this year next month, at that point I’ll increase the goal to $50 for the year.
This portfolio under performed the S&P – This portfolio gained 4.81% while the S&P 500 gained 6.44%.
Next, we have the actual vs projected chart, the projected chart is strictly based off contributions of $14 Monday through Friday. And the actual includes market gains/losses + dividends paid (which gets reinvested across the entire pie, not just the company that paid it like a DRIP does. AKA “Dividend Re-Investment Program”.)
And finally, the data broken down to an hourly wage equivalent. Finally reached that $0.01 mile stone and it took 206 days to get there. $0.02 should be less then that. We shall see as time goes on.
So what do all these dividend payments look like on a daily basis? Here is a chart that displays the dividends received, each line is a day. I have been paid 91 out of 124 business days so far this year, and I have received a total of 261 dividend payments
And that’s the summary for June
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NOTE: I am not a financial adviser, and any information read is for entertainment/educational purposes only. I am not responsible for any losses that you may incur, investing in the markets involves risk and you should only put in what you are comfortable with losing. While I don’t plan on selling any of the securities I’m currently holding, this can be done at any time without notice. Although new positions will be updated on the next blog post, they won’t be disclosed at the time of sale.
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Until next time.