- RDS-B: 6.78 shares @ $73.74 --- Yield 5.10%
- BBL: 9.50 shares @ $52.63 --- Yield 4.71%
- GM: 16.00 shares @ $31.24 --- Yield 3.84%
- BAX: 7.06 shares @ $70.87 --- Yield 2.93%
- IBM: 3.06 shares @ $163.55 --- Yield 2.69%
Total capital invested is $2500 ($500 in each company). The combined yield on this week's purchases is 3.85% and will increase my yearly dividends by $96.35.
$100/week Challenge --- Week 29 S&P 500: 2040 (New all time high)
I fell just a bit short of $100 this week. The good news is that I am on track to reach $14,500 in forward passive income with next week's purchases. This has been a grueling, meat grinder of a year for me, but I am pleased to be closing in on this milestone much earlier than anticipated.
Any evidence of the recent market correction has not only been erased, but it appears that the bull market is back and breaking through new all time highs. I am not going to lie...this is a bit frustrating.
While it is tempting to jump into some more aggressive companies like V, AAPL, SBUX, and MSFT, I will probably continue a more contrarian investing approach and focus on my energy positions along with out of favor companies like T, PFE, GE and IBM.
You are killing it with all this capital being invested! A good group of companies as well. I look forward to seeing you push past the 14500 mark.. That's huge!!
ReplyDeleteSAD,
DeleteThanks for the kind words. My purchases are about to drop pretty significantly. I really like the $100 a week goal that I started, but my work/life balance is getting a bit out of whack. I am glad that I went through this process though.
MDP
Hi, My Dividend Pipeline.
ReplyDeleteNice work deploying more capital into some solid names. I really like the BBL purchase and expect that you'll be very happy with that purchase in a couple years. I'm really intrigued by SBUX, but I have a hard time envisioning what the future holds for them. I personally have a hard time spending so much for a cup of coffee, but there are apparently many others that don't think twice about it. Best wishes!
Goosemann Jones
Flight to Dividends Blog
GJ,
DeleteI really like BBL here as well. I know what you mean about Starbux. There must be some ingredient in the coffee that brainwashes people. I have a hard time paying $5 for a cup of coffee when I can buy and entire month's worth of Folgers for the same price. I still wouldn't mind buying shares at some point in the future because they are a well run company.
MDP
I like the buys MDP...you continue to put your money in some great value stocks. Wow..approaching $14,500 in forward dividends. Your progress is amazing!
ReplyDeleteBTW, I'm with your on the short market correction. Would have much rather seen it go a little longer...I love stock sales! :)
Best wishes my friend. AFFJ
AFFJ,
DeleteThanks for your support my friend. My $100/week journey is just about complete and I must admit I am glad. Keep up the amazing progress yourself!
MDP
Crushing it, per usual, I see. This month I've been able to get some capital to work as well, and have picked up some BBL, BAX, CVX, and IBM. I'll likely make one more purchase this month, but we shall see how things play out.
ReplyDeleteW2R,
DeleteThose are some great companies your acquired. I like them all and will buying adding to all of those positions for some time to come. Hopefully you get another purchase in this month.
MDP
MDP,
ReplyDeleteHuge numbers, as usual. $14,500 in dividend income! That's amazing my friend. I'd be just about financially independent with that kind of passive income.
Like the buys. A real nice mix of value and yield here. I hear you on the frustration, but I think you're making the right move by not chasing anything and focusing on value.
Keep it up!
Best regards.
DM,
DeleteThanks for the continued support. I am still a few years from FI, but the finish line is definitely getting closer. I have certainly focused on higher quality names recently, but I'm sure I will take a gamble or two just to keep things interesting.
MDP
MDP,
ReplyDeleteNice job picking up IBM - picked a little bit yesterday and then picked up 12 more shares today actually. Loving where it is at right now.
-Lanny
Lanny,
DeleteI'm glad you picked up some IBM yesterday. It's good to see you following my advice! LOL In all seriousness, I agree that IBM continues to look attractive at these levels. It is now the worst performing DOW component for the year which means it will probably be a good bounce back candidate for next year.
MDP
Pretty strong numbers. Happy to see your goals are being achieved. Cheers!
ReplyDeleteTrader,
DeleteThanks for the comment. I agree achieving goals are very rewarding, but setting them is even more important.
MDP
Hi MDP;
ReplyDeleteJust came across your blog today. You are bombing along with those stk purchases. And the divs are building up every month.
My personnal goal is quite simple, increase dividends by 10% per year. This is through maxing out my RRSP & TFSA as well as dividend re-investment. I also run a taxable account with HELOC money.
For 2014 I am presently at 14% above last year with two months of divs left to come in.
Aside from drips, I wonder why you would buy small quantiities of stocks as I would think the brokerage fees (in and out - you may want to sell at some time) are a major factor on low quantity purchases.
Any US stocks I hold in my RRSP as I abhor paperwork, think tax filing.
Like your simple chart for tracking your divs. I do the same thing but as I have several accounts and do hold the same stock, BCE and others, in different accounts I separate the accounts to track each stock within each account.
Hi Anonymous,
DeleteI make smaller purchases because Sharebuilder offered a program at the beginning of the year that has since been discontinued. It simply charges me $12 a month for 12 stock purchase and $1 per additional purchases. The only requirement is that I make my stock selections on each Monday and the trades take place Tuesday morning. I typically make between 15 and 20 purchases a month hence only spend between $15 and $20.
I also have a few holdings in different brokerage account. It is a bit of a nuisance since I hold BP for instance in a non DRIP account as well in my Sharebuilder account which I DRIP. Keeping up with share counts and cost bases can be a pain.
It sounds like your are making outstanding progress. Keep up the good work!
MDP
I do not drip anything preferring to buy what I want when I want. Maybe not ideal in all situations but I feel comfortable with it. That way I can diversify without necessarily tossing more money on the pile. So keeping track of multiple purchases of the same stock over several accounts over several time periods is fairly simple as I run the buys and sells for each account separate to the dividend tracking all on th esame spread sheet. Very basic but also simple to maintain.
DeleteSo why do you have so many US stocks in a taxable account? Seems like a lot of paperwork to me come tax time. I am a follower of the K.I.S.S. principles fo rmy wheeling and dealing.
I use a taxable account because I plan on retiring early and therefore need access to my dividends without any penalties. While the taxes are a bit high now while I am working, I will be living on far less dividend income once I reach FI that mostly will be taxed at 0%.
DeleteAs far as tax my current tax paperwork, I leave that stuff to the accountant :-)
MDP
Good job man. I would mind u throwin a bit of money in tech with appl and mfst. You are very energy heavy lately!
ReplyDeleteAG,
DeleteI really wish I had bought more shares of CSCO and MSFT last year. But the same could be said for TGT earlier this year when it was in the 50's. I try to fish where the value fish swim. Right now it appears to be energy.
MDP