Saturday, November 1, 2014

October 2014 Passive Income

Below is the summary of my passive income and purchases for October. 

The market has been very volatile during the past month with extreme moves in both directions.  During the middle of the month, the S&P 500 was trading in the mid 1800s and then rallied strong to finish the month at a record high of 2018.  Unfortunately I wasn't able to move as quickly into some positions as I would have liked to.  I was hoping for more than a two week correction as we all were. It is interesting to note that there was a major correction within the overall market correction that was very exciting to dividend investors.

Oil prices plummeted to $80 a barrel which crushed the shares of many oil and oil services companies. My portfolio was certainly wobbling quite a bit while this adjustment took place.  Despite the uneasiness in this area of the market, energy is still an area where I will continue to fish when making purchases. Hopefully other opportunities will present themselves for us in November.

Anyway here are the results from last month.


Taxable Account
  • AHITX --- $291.66
  • PM --- $115.58
  • GE --- $78.75
  • MO --- $78.00
  • KO --- $55.81
  • CSCO --- $45.60
  • KRFT --- $41.25
  • BAX --- $14.32
  • ARCP --- $12.39
Total taxable income is $733.36.



New Capital Invested
  • XOM --- $2100
  • RDS-b --- $2100
  • CVX --- $1000
  • BBL --- $1000
  • GE --- $1000
  • IBM --- $600
  • BAX --- $600
  • ESV --- $550
  • APU --- $500
  • PEP --- $500
  • GM --- $500
  • ARCP --- $500
Total capital invested is $10,950.


24 comments:

  1. Wowza! $10K invested and over $700 in passive income...you are doing fantastic. Keep up the great work and the inspiration for the rest of us.

    cheers
    R2R

    ReplyDelete
    Replies
    1. R2R,

      Thanks my friend. I plan on cutting back on the weekly investments after Thanksgiving as I will have reached my forward passive income goal. I plan on rebuilding my emergency fund and preparing for tax season.

      MDP

      Delete
  2. Crazy capital going to work, you took advantage of the dip for sure. Your on a whole different level. Amazing

    ReplyDelete
    Replies
    1. Captain,

      It has been a crazy year. This has been a grueling year at my day job and I will be easing up with my monthly contributions after Thanksgiving.

      MDP

      Delete
  3. MPD,

    Killing it! Like always - over $700 in passive income for an off type month for dividend payers in November is awesome - I am sure that covers quite a bit of expenses. Also - capital infusion of over $10k is insane, haha in a good way. Keep at it and you're going to crush that $14.5K forward looking goal.

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      Thanks for the encouragement. If I had started at your age, I would not have to be playing catch-up now. Keep up your amazing savings and investing rates. By the time you reach 40 you will no doubt double anything that I have accomplished.

      MDP

      Delete
  4. You're killing it! $700+ in dividends received in a slower paying month and over $10k invested. That's really impressive.

    ReplyDelete
    Replies
    1. PIP,

      Thanks buddy! It has been a crazy and exciting year. Keep up the awesome progress on your end.

      MDP

      Delete
  5. Roller coaster understatement. As quick as the dip as quick the recovery. Dont blink lol. Yeah energy has taken a monster beaten and oil being down it might be a good time to pick some up. Surely we will see $100 a barrel soon enough. Good job with the new capital invested!

    ReplyDelete
    Replies
    1. AG,

      It's like a pack of hyenas everytime the market shows any weakness. In the blink of an eye we are back to hitting new highs. I think energy continues to offer opportunites so I will continue adding to those positions even though I am in the red in most of them.

      MDP

      Delete
  6. MDP,

    Crazy new capital invested for a single month, as others have said. That's gotta make you smile seeing five figures being put to work. And a great month to do so with the big -- albeit brief -- dip in the market.

    October/Nov are the slow payers for dividends so I always love to see what companies others are invested in for those months. Of your payers, the one I don't have and want the most is MO, and I'm all over it the next time tobacco shows any signs of weakness.

    Best,
    DWC

    ReplyDelete
    Replies
    1. DWC,

      MO, PAYX, WM, CLX, and PEP have been heading straight up and I wish they would come back down. I am getting a bit tired of buying energy companies and GE, but that seem to be where the value continues to be. Maybe there will get a pullback in some of these names in the coming months.

      MDP

      Delete
  7. As always, thank you for sharing your recent dividend income update. Your figures continually provide myself and others inspiration to keep on investing in this method and grow an ever increasing passive income stream. Happy to see some familiar names in your list and my portfolio as well. Oil has definitely been the story of October and your new purchases highlight that fact as well. I have been looking at TOT as well as an oil consideration. Look forward to your next update.

    ReplyDelete
    Replies
    1. DivHut,

      Thanks for stopping by to comment. I agree with your assessment on energy. I am getting a bit tired of averaging down in oil companies, but they along with GE seem to be the best value opportunintes. Hopefully some other sectors will come back down to earth soon.

      MDP

      Delete
  8. You're killing it as always. Close to $11k contribution in a month is very impressive. Hopefully I can do that one of these days.

    ReplyDelete
    Replies
    1. Tawcan,

      I spent many years building my career and like dividend investing, the snowball gets larger as time goes by. I been fortunate in that the last two years my income exceeded the first eight years combined. However it took the first eight years of sacrifice to get to my current position in life, no different than investing early and reaping the benefits over time!

      MDP

      Delete
  9. Dude! Over $10k invested and $700 in passive income in a rather slow month like October, awesome!

    Seeing your performance motivates me to keep going and invest more and more. Thanks for sharing, pal.

    Cheers,
    NMW

    ReplyDelete
    Replies
    1. NMW,

      I am glad that I have provided some motivation for you. However, seeing your progress especially with your savings rates makes me believe that you have tremendous self-motivation which is essential for long term success.

      Keep up the amazing job!

      MDP

      Delete
  10. MDP,

    Insane numbers, my friend. That's another level. It takes me 3-4 months to invest that kind of capital.

    But I suppose that's what's wonderful about this strategy. You can customize it to work for you and your situation. You can be aggressive and invest a ton of capital every month and really ramp up the dividend income quickly, or you can play is slow and steady if you have a more average/regular income and still see tremendous success over a relatively short time frame. The flexibility is great.

    Keep up the fantastic work!

    Best regards.

    ReplyDelete
    Replies
    1. DM,

      You are right about customizing our own situations. Your situation is ideal since you current spend 0 hours of your life in a "day job". That my friend is game set and match. My plan involves saving 80% of my income and keeping expenses under $2500 a month. If I can accomplish these two goals, then I will be joining you in the land of FI within a few more years!

      MDP

      Delete
  11. Hi MDP,

    I always enjoy checking in on your monthly reports. Your dividend income and contributions are just outstanding. It's a real inspiration!

    FI might be knocking on your door soon, if not it's walking up the garden path!

    Congratulations and thank you for sharing.
    Huw

    ReplyDelete
    Replies
    1. Huw,

      Thanks for the encouraging words. If nothing else I am at the point where worst case scenario I could survive off dividends and a part time job working at Walmart. That example is a bit extreme, but it is nice to have worst case scenarios covered. Keep up the great work yourself!

      Delete
  12. $10,000 of new capital in a month? Holy smokes you're quickly going to hit retirement at that pace!

    ReplyDelete
    Replies
    1. PMU,

      Thanks buddy! I have been killing myself at work this year, so I hope it pays off in the long run.

      MDP

      Delete