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October Dividend Income and Net Worth Report – 2018

Dividend Income Net Worth

October turned out to be a very SPOOOOKY month for the stock market.  While the October “fall” certainly took a chunk out of net worth, it did provide some opportunities to pickup some better values on our favorite dividend stocks.  Best part, even with the market drop, dividend income wasn’t scary at all and appeared in my account just like a phantom 😉

Scary money - October Dividend Income

October Dividend Income

This month I received $641.85 in dividend income!  On average, I was paid $24.68 from 26 different companies!!  This month’s dividend income is a remarkable 127.91% increase over October 2107.
That’s $360.22 more dividend income than last October!

Dividend Income - October 2018




Here is a chart of my passive dividend income progress over the last 3 years.

The dividend portfolio has been updated.

This month’s dividend income covers my utilities and groceries for the month!  I’ll take it!

October Dividend Growth (Dividend Increases)

Here are the realized dividend increases I received this month.  Even during this slow month, I had 8 dividend increases.  Three of my holdings increased their dividend by over 15%!  While some of the REIT dividend increases were unimpressive, they are still very welcome in my portfolio!  All in all, October turned out to be a decent month for dividend increase with a total of 8 dividend raises.

Dividend Income - October 2018




October’s dividend increases adds $55.19 in annual dividend income!  That’s the fourth month is a row that dividend raises have added over $50 to the portfolio!

Net Worth

Net worth took a beating with the market drop this month.

Let’s do the numbers…

Cash

The cause for the large decrease in cash was the stock market.  I did my best to take advantage of this month’s declines and moved 6k to my taxable account.  This was all I felt comfortable with at this time.

I’m still holding a large cash position.  The money is sitting in a high yielding money market account with the cash earning 2.15%.  I’m holding this money to invest once we see a real drop… you know, if the China tariffs jump to 25%, cheap money continues to disappear and the market really starts to care about this stuff.

Real Estate

Thankfully, no problems with the rental property this month!  We received our check on time and didn’t hear from the fire department that the place burnt down.  I’ll call that a win!

I’m still looking for new rental property deals in my area.  Prices haven’t come down, so all the houses are WAY to expensive.  This spring was probably the right time to sell to maximize gains.  We’ll see, but I suspect home values are going to begin to slide now that mortgage rates are increasing.

Wrap-up

Even with the big sell off this month, my dividend income increased nicely and I didn’t once think about hitting the sell button (except for BUD – sold half after the dividend cut).  Dividend investing allows you to float above the market noise and drama and just sit back and collect those checks.  It’s a fantastic investing strategy and I am thankful everyday that I embraced it.

I hope you were able to weather the market turmoil this month.  Knowing that these kinds of ups and downs don’t do much to effect our dividend income… other than allowing us to increase it while we happily buy better values!

 

How did you do this month?  Set any new records?

September's dividend income is in!  I managed to make in a little over $640 in dividend income this October even with the market drop.

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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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  • Blake Nov 4, 2018, 8:09 am

    Comments are working again!

  • DivHut Nov 4, 2018, 2:40 pm

    Great job for a “slow” month. Seeing a triple digit year over year gain is always a welcome sight. Keep up the good work. Nice to see we share quite a few names paying us last month.. even GE 🙁 Oh well… That’s why we diversify.

    • Blake Nov 5, 2018, 4:10 pm

      Thanks DH! Certainly no complaints this month! Regarding GE… EXACTLY, diversification is the name of the game! Hindsight being 20/20, probably should have cut our losses earlier. As always, great to hear from you!

  • DivvyDad Nov 4, 2018, 10:32 pm

    Great month and really impressive YoY growth. We share 10 holdings this month and a handful of the REITs—nice payout from IRM!

    • Blake Nov 5, 2018, 4:13 pm

      Thanks DD! Glad to be in good company with those 10 positions! IRM did a nice job leading this month’s payers for me. I’m happy to be a shareholder 🙂 Thanks for dropping by!

  • Doug Nov 5, 2018, 5:00 pm

    Good job lots of dividends rolled in for you. $50.00 dollars in dividend increases is awesome. Keep it up.

    • Blake Nov 6, 2018, 11:46 am

      Thanks DAH! I am very excited about these dividend increases. Thanks for stopping in!

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