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Dividend Income Investing and Net Worth Report – October 2016

Dividend Income Net Worth

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.

 dividend-income-investing-and-net-worth-october-2016

Dividend Income

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



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.

Net Worth

As expected, net worth dropped a bit this month.  However, according to Zillow, this isn’t the case.

Let’s do the numbers…

dividend-income-and-net-worth-october-2016

 

Cash

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.

 

Real Estate

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.

 

Cars

It looks like after last months gigantic drops, our car values recovered slightly.  They should average roughly a 1 – 2% decline each month.

 

Wrap-up

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?

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I'm a dividend growth investor who is aiming to retire in 7 years at the age of 45. My goal is to live off the income my dividend portfolio and rental property produce exclusively and leave the corporate rat race. I hope you will join me in this journey!

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  • TheDividendlife.com Nov 9, 2016, 9:56 am

    Looks like you are doing a good job in keeping tabs on your assets and liabilities!

    • Blake Nov 9, 2016, 4:26 pm

      Hi Dividend Life,

      I’m trying. Got to pay as much attention to those as I do my dividend income. I can’t retire at 45 until I have those liabilities gone and the dividend and rental income to live off of. As you can see, I have a lot of work ahead.

      Thanks for dropping in!

  • Dividend Diplomats Nov 11, 2016, 9:31 pm

    Nice month Dividend Pig! Love the solid group of dividend paying companies right there. I especially love Realty Income, which I bought earlier in the month. I wouldn’t stress too much about the monthly fluctuations in your house’s Zillow valuation. You are in a sound equity position and I think that is what really matters. Love the trend in your net worth and glad to see it moving in the right direction!

    Bert

    • Blake Nov 12, 2016, 11:38 am

      Hi Bert,

      Thanks!

      I love O as well. I suspect we’ll see some more declines in REITs once the FED raises rates (it’s gotta happen in December right?). I’m waiting for an irrational drop and will pounce. My goals require a much higher portfolio yield then I have now and Realty Income will play a bigger roll. Congrats on hitting your forward yield goal for the year!

      Thank you for stopping by!

  • Options Hunting Nov 12, 2016, 11:28 am

    Congrats on the great year-over-year dividend income increase. I’ll take 40% anytime 😉

    • Blake Nov 12, 2016, 11:45 am

      I agree, 40% is great. Sustaining that type of growth is the tricky part.

      Congrats on your huge month as well! You’re killing it with both options and dividends.

      I appreciate the comment, have a great weekend!

  • DivHut Nov 13, 2016, 5:17 pm

    Nice job with your dividend income and year over year growth. It’s always nice to put up double digit growth figures year over year. Looks like a lot of great companies paying you for the month as well with several in common with my payers. That was awesome news about your Zillow estimate but I agree that you can’t totally use those figures as an end all statement. How they arrive at their estimates leaves a lot to be desired. Thanks for sharing your update.

    • Blake Nov 14, 2016, 10:29 am

      Thanks DivHut,

      I’m very happy with the dividends the portfolio is producing right now. Once my home improvement projects are done I’m hoping there will be a sizable cash position remaining to invest. And hopefully during a large irrational downturn 😉

      Thanks for dropping by and commenting!

  • DIBuilder Nov 17, 2016, 3:44 pm

    Hi Blake, first of all: what a fantastic title you have for your website. I really like it a lot. I also very much appreciate how open you are about not only your dividend income but also your net worth composition. I find it very inspiring. Thank you for sharing.

    • Blake Nov 18, 2016, 11:54 am

      Thanks DIBuilider. I think the pig resembles me pretty well 🙂

      Keep up the great work you are doing over there in the Netherlands! I’ve not yet visited Amsterdam or Rotterdam yet but, they are on my shortlist of places to explore.

      Thanks for stopping by and the kind words!

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