Tuesday, June 3, 2014

May 2014 Passive Income

Here is the passive income I received during May.


Taxable Account:

  • AHITX --- $271.15  (This is a high yield bond fund that pays monthly.)
  • T --- $150.61
  • HCP --- $114.45
  • KMI --- $82.25
  • PG --- $35.40
  • CLX --- $9.63
  • PAYX --- $7.73
  • ARCP --- $3.21
Total taxable passive income is $674.73. 


Retirement Account:

  • AHITX --- $106.42
  • ABNDX --- $69.64
Total retirement account income is $176.06

Total passive income received in all accounts is $850.79


Monthly Purchases:

  • ESV --- $1350
  • VZ --- $1350
  • PM --- $1350
  • GE --- $1350
  • ARCP --- $1050
  • RDS-b --- $700
  • KO --- $700
  • BP --- $700
  • KMI --- $650
  • CLX --- $650
  • PFE --- $650
Total new capital invested is $10,500.00.


20 comments:

  1. Wow...looks like you were very active this past month in your purchases! Way to build up that portfolio. Our family also purchased shares in ESV and ARCP this past month. And we have all of the remain ones (except RDS-b) on our watch list. Keep up the great work!

    Best Wishes! AFFJ

    ReplyDelete
    Replies
    1. AFFJ,

      I continue to like ESV. As I noted in an earlier post, ARCP is speculative. However, I think the REITs continue to look attractive. Keep up the good purchases yourself!

      MDP

      Delete
  2. Impressive income, and even more impressive is the number of new stocks you have invested in! I am currently looking at ESV myself, the growth and yield compared to its price seems favorable.

    Keep up the great work!

    Best,

    DW

    ReplyDelete
    Replies
    1. D&W,

      Thanks for stopping over. I really like ESV and wish I had bought more in the 40's. The yield is nice and I think it still has value in the low 50's.

      MDP

      Delete
  3. Another fantastic month for you, MDP. You are multiplying that income stream fast with all those new investments. You will be achieving FI in no time.

    best wishes
    R2R

    ReplyDelete
    Replies
    1. R2R,

      Thanks for the encouraging words. My goal is to reach FI within three years. Whether I quit my job at that point, who knows. :-)

      MDP

      Delete
  4. Awesome month and I agree with everyone else, that's a lot of new investments in just one month!! :)

    ReplyDelete
    Replies
    1. FI Fighter,

      My goal is to increase my yearly dividends by $100 a week for the rest of this year. Depending on yield, I need to continue investing between 10k and 12k per month. Luckily I have a lot of peanut butter in the pantry! I don't think my wife will let me go on a Ramen diet, but I may sneak a few packages in the cart next time I go by Walmart. :-)

      MDP

      Delete
  5. MDP,

    What an awesome month there!

    Your dividend income was impressive all by itself, but the new investments are out of this world. Great job contributing so much fresh capital and staying consistent. I don't think you'll have any problem reaching FI within three years if you keep investing at this rate! :)

    Best wishes.

    ReplyDelete
    Replies
    1. DM,

      Thanks for the kind words. Many of my purchases are the direct result of the research effort you do and publicize each month so thank you.

      MDP

      Delete
  6. I'm completely new to dividend investing ( or much investing at all really) but I'd like to start generating some passive income. Can you recommend some sites/blogs that would help a newbie? You can also email me if you'd like. BTW, we'll be down in Houston for a family BBQ in a few weeks.

    ReplyDelete
    Replies
    1. Ken,

      Congrats on starting your dividend journey. Many of the sites on the right side of my home page are focused on dividend investing/early retirement. Also your might check out Seeking Alpha for a variety of investing articles.

      Thanks for stopping over.

      MDP

      Delete
    2. Ok. So when someone says passive income, do they basically mean dividends? Or is it any income that doesn't require any work?

      Delete
    3. There are different types of passive income. Royalties, dividends, bank interest, bond interest, companies income, and rental income to name a few. Some require little to no effort and some require varying degrees of work.

      MDP

      Delete
  7. I'm so excited to see these massive purchase amounts. You're adding income at lightning pace and the portfolio is getting huge! Congrats on a great month of dividend income and I wish you all the best in June!

    Take care!
    Ryan

    ReplyDelete
    Replies
    1. Ryan,

      Thanks for visiting. I have trimmed almost all of my non essential expenses and will try to keep up this investing pace for the rest of this year.

      MDP

      Delete
  8. Good stuff MDP! I like the aggressive additions. Your monthly income is gonna start ballooning in coming months from all this seed planting!

    cheers,
    AA

    ReplyDelete
    Replies
    1. Thanks AA! Buying up here around S&P 2000 scares the crap out of me. A 5 to 10 percent correction would be great! Either way I am going to keep forging ahead with the purchases.

      MDP

      Delete
  9. Solid month. Over 10k in purchases is incredible. I need to start cutting out some unnecessary expenses myself if I am going to hit my goals. Three years from FI , it will be here before you know it at this pace!

    ReplyDelete
    Replies
    1. Thanks AAI! You nailed it about expenses. Lowering expenses is the a big key to accelerating towards FI. Great month yourself!

      MDP

      Delete