October was a scary month with regards to my dividend income investing and net worth. Dividend income dropped considerably from last month but was up a bunch over last year. There was a spooky development with my net worth.
Coming off of September’s dividend income report, this month looks very unimpressive. October isn’t a huge payment month for me and it shows, big time. I’m at a point where its necessary to make some adjustments to my dividend income attitude. Over the last year, I’ve been investing large amounts of money (to me at least) into dividend growth stocks. That has fueled some super YOY dividend growth rates in my reports. This is not sustainable. I’m now at a point where the huge dividend income growth is declining. My dividend income will now begin to grow like our favorite dividend companies, slow and steady.
Let’s get to it.
This month I received $116.38 in dividend income. On average, I was paid $10.58 from 11 different companies (more accurately, 10 companies and 1 fund)!! This is some GOOD growth!! But, mostly because of the new capital added. This month’s passive dividend income is a nice 40.97% increase over October 2105.
October 2016 Dividend Income Investing
|10/3/16||Genuine Parts Company||GPC||2.63|
|10/14/16||Main Street Capital Corporation||MAIN||2.78|
|10/17/16||Starwood Property Trust, Inc.||STWD||9.60|
|10/31/16||JPMorgan Chase & Co.||JPM||2.40|
|10/3/16||The Coca-Cola Co||KO||27.37|
|10/13/16||Philip Morris International Inc.||PM||11.13|
|10/17/16||Realty Income Corp||O||14.85|
|10/25/16||General Electric Company||GE||24.56|
|10/31/16||PowerShares Preferred Portfolio(ETF)||PGX||2.66|
|10/17/16||Windstream Holdings, Inc.||WIN||14.40|
|∑ = 116.38|
The pie chart below also shows the percentage of each payment .
Here is a chart of my passive dividend income progress over the last 2 years.
The dividend portfolio has been updated.
As expected, net worth dropped a bit this month. However, according to Zillow, this isn’t the case.
Let’s do the numbers…
This month I had LOADs of expenses related to my home improvement projects. Which is the reason I’ve saved all this cash over the last few years. I think we’ll see this kind of drop, down almost 12%, once again before the end of the year. Heck, it might even be a little bit more. We are doing some major “finishing” of a project that we started several years ago. We’ve enlisted some help with the sheetrock work as I want it done well and I don’t want it to take another year to complete it (well, that’s what my wife said). We have set a completion date of the end of the year.
Oh, I also had to pay property taxes on rental property number 1 which eats a huge amount of cash.
Good news and bad news. Zillow decided to appreciate my properties at ludicrous speed this month. I didn’t include their values in my net worth report as the numbers as so ridiculous. Unfortunately, that’s going to make it hard for me to depend on their data for my net worth reports going forward. I might just have to keep my real estate values stagnate from here on out.
In Zillow’s pricing world, they think October was a massive month for real estate in my area. Apparently, people have thrown logic to the curb and started paying New York prices for real estate in Atlanta? (that isn’t really happening) Anyway, Zillow valued my house at 650k this month. That’s a jump of over $100,000 in one month! As awesome as that would be, I just don’t think that’s accurate… at all. They also valued rental property #1 at over 220k this month. That’s a leap of $20,000 over last month. So, according to Zillow, my real estate values are worth more than $120,000 over October. As we say in Georgia, “That Dog Don’t Hunt”.
The rental properties were great this month. No issues, no calls and everybody paid on time.
It looks like after last months gigantic drops, our car values recovered slightly. They should average roughly a 1 – 2% decline each month.
I’m once again happy with this month’s dividend income investing growth. However, like I mentioned above, these 30% – 120% YOY dividend income growth rates aren’t sustainable. I anticipate this is going to be a difficult as big percentage increases really do a nice job of keeping me focused.
This week should be an interesting one in any case. In terms of investments, I’m of the mind that we won’t see a whole lot of turmoil in the markets after the election. Regarding the candidates, I don’t like either much at all.
If you’d like to see my previous dividend income and net worth updates, you can find them here.
How did you do this month? Do you think we’ll see a lot of moves this week after the big day?