Hello friends, Mr. TOL here…
This is my first inaugural dividend update post and I’m excited to analyze our dividend income. Forgive me for being a little late, have a lot of things on our plates, but we are getting it cleared off!
As mentioned in an earlier post, I began Dividend Growth Investing in February of 2015. I was in the market during 2014, but without a real strategy, kinda fumbling around with different things. It was in the beginning of 2015 that I cleared my account and started from scratch with the DGI (Dividend Growth Investing) approach.
So, without further ado, here are the numbers:
As you can see, we received $13.81 in dividends for the month of November, provided by 5 different companies. This represents a Year-Over-Year increase of $11.31, or 452.4%, from what the $2.50 received in November of 2014! I really enjoy dividend investing. The benefits associated with DGI include lower to no taxes and passive income that I don’t have get up as early as 5 a.m. and go to a job to earn. While the amounts of individual purchases are small, they are growing. Purchases of T and O come from gifted money that we received. We used the funds to purchase them as we had free trades in the new account we opened. We plan to build up these two positions.
There was a time when we earned a big fat $0.00 in dividend income. Basically, if we did not get up early in the morning, mostly before the rise of the sun, and drive to work while half-sleep, we didn’t get paid. This $13.81 in dividend income puts us $13.81 closer to our vision of FI, a vision that we WILL see come to fruition.
I am very excited for what the future holds for us and our New Life Fund. Mrs. TOL and I will continue to fund our investments as well as erasing our consumer debts, as we scratch and claw our way to Financial Independence! I look forward to the next dividend and portfolio update coming in a few weeks.