This month’s dividend investing income and net worth report turned out pretty darn yummy. I had some decent dividend income growth and net worth (even with cash declining substantially). Could have been a lot worse!
Dividend Investing Income
November was a pretty good month for dividend income! Obviously not enough to retire on, but enough to cover my electricity and mobile phone bill for a month. I’ll certainly take that as a win! I’m quickly covering more and more bills with my dividend income.
Let’s get to it.
This month I received $176.70 in dividend income. On average, I was paid $8.83 from 20 different companies (really 19 companies and 1 fund)! This month’s dividend investing income is a fantastic 40.09% increase over last November.
November 2016 Dividend Investing Income
|11/15/16||Realty Income Corp||O||14.89|
|11/1/16||PowerShares Preferred Portfolio(ETF)||PGX||2.66|
|11/1/16||General Mills, Inc.||GIS||15.18|
|11/15/16||Procter & Gamble Co||PG||13.90|
|11/15/16||Omega Healthcare Investors Inc||OHI||43.40|
|11/1/16||Deere & Company||DE||5.40|
|11/2/16||Lowe's Companies, Inc.||LOW||3.15|
|11/2/16||Potash Corporation of Saskatchewan (USA)||POT||3.31|
|11/15/16||Kinder Morgan Inc||KMI||1.25|
|11/15/16||Main Street Capital Corporation||MAIN||2.78|
|11/15/16||National Retail Properties, Inc.||NNN||3.65|
|11/18/16||Costco Wholesale Corporation||COST||1.80|
|∑ = 176.70|
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 good amount this month. We’ve had some serious home improvement projects going on and this was the biggest expense month yet.
Let’s do the numbers…
We had some SERIOUS expenses this month for our home improvement projects. This was done by design as I was wanted to get everything as cheap as possible during the Black Friday sales.
Good news, the mission was accomplished. We are done with the HUGE expenses and saved a bunch by buying everything roughly 20% off. We should have our home renovations completed by Christmas this year (hopefully). The bad news, we went a little overboard and bought fancier stuff then we really needed. It’s a hard line to walk, buying a base model or upgrading to the premium version of things. For example, carpet and carpet pads… do I really need a carpet pad that is half an inch thick made of some super memory foam only to be covered by some ridiculously lush carpet? Nah, I don’t… but I also don’t want berber with a only a thin sheet of plastic underneath it. Marketers do a nice job of pricing products with high margin “enhancements” so you feel like you’re missing out if you don’t get at least the high side of the middle end of the product. Anyway, that’s why that 16% drop in cash occurred this month.
Zillow is holding firm with their highly inflated values on my properties. To remind you, last month Zillow bumped my properties up $120,000 out of the blue. This month, Zillow is doubling down and has raised their estimates another $15,000 this month. I have elected to use my own appraisal of my real estate based on what I think they would actually sell for. That’s why there are no changes in my primary home or rental property #1 this month.
On the rental property side, things are great. We haven’t had any problems with the units this month and everybody paid on time!
Finally an average month of car value declines. This month the car values moved as expected, they should average roughly a 1 – 2% decline each month.
This was a great month. Pretty decent growth from last year at this time and net worth continues to grow. I’m paying down my mortgages well and my stupid home improvements projects are almost done!!!!! I’m very excited about the progress. Only another 8 years of this type of saving, investing and frugal living and I’ll be ready to retire.
In terms of the markets, this should be an interesting month. The 10 year treasury note has soared the last few months and the stock market is adjusting… and will continue to adjust yields for our favorite dividend growth stocks. We should expect to see declines and maybe even some irrational selling after the FED raises rates this month (hopefully!).
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 big move after the FED raises rates this month?