At the end of the day, the unpredictable swings within my portfolio don't matter much to me. What matters most is these companies are working damn hard to provide passive income that will one day support my wife and I for many years to come.
This was a really good month for dividends especially since I surpassed $2000 for just the second time ever. I wasn't sure I would hit 2K again as my junk bond payment is received on the last day of the month and it pushed me just passed the threshold. In December I surpassed 2k as well, but I needed a special dividend from one of my mutual funds and a massive payment from ESV to hit that number. Well ESV has since cut its dividend by 80% and there was no special dividend. So overall I am really pleased with the month.
A lot of credit this month goes to companies like BBL, BP, and RDS-b. I have been investing heavily in these companies for many months and the results are finally showing up on this month's ledger.
I also started ramping up my purchases in March once I noticed that my tax bill will be quite a bit lower than anticipated. I bought a ton of PM and CAT and can't wait to see the effects of these purchases during the next couple of months.
April is off to a good start as well. I have already received over $100 in dividends from Coke and Baxter and made a sizable investment in JNJ.
Anyway, here is the passive income that I received for March.
Taxable Account
- CAIBX --- $559.06
- AHITX --- $273.03
- BBL --- $193.33
- BP --- $162.48
- RDS-b --- $85.41
- DLR --- $85.00
- TGT --- $75.40
- CVX --- $73.44
- MAT --- $62.70
- DVY --- $59.81
- PFE --- $52.22
- MCD --- $51.10
- MSFT --- $46.50
- GM --- $43.50
- IBM --- $41.00
- ESV --- $39.54
- XOM --- $32.64
- AFL --- $26.13
- CAG --- $15.75
- NOV --- $15.18
- PEP --- $14.64
- WM --- $9.78
- JNJ --- $7.31
New Capital Invested
- PM --- $7750.28
- CAT --- $4322.50
- RDS-b --- $2110.30
- XOM --- $750
- NOV --- $750
- CVX --- $500
- CAIBX --- (5997.00)
DEFY MEDIOCRITY
$10k of new money invested is awesome! Really a killer month. And $2k of income this month!? Big Leagues.
ReplyDeleteBGH,
DeleteThanks buddy. You are killing it yourself. It is very motivating to watch your progress. Keep at it.
MDP
Love the graphic. $2k is just damn huge. Congrats on crushing March.
ReplyDeleteDG,
DeleteIt is a badass graphic! Thanks for the kind words.
MDP
Killer numbers as usual.
ReplyDeleteAdam,
DeleteThanks for stopping by. I wasn't sure how it would turn out with the turmoil in energy companies, but it worked out pretty well this time.
MDP
love your blog, I religious check it. I see you own MAT, wondered your thoughts on it, if any at all
ReplyDeleteAnonymous,
DeleteThanks for stopping by and commenting. My thoughts on MAT are I wish I hadn't bought it at $30. It has been and contines to be a value trap. I may sell my share and take a short term loss or possibly sell some my KRFT shares along with it and wash out of the two out. For now I will hold tight.
MDP
Sweet ass month MDP. Just freaking awesome. The compounding machine slowly getting built and now producing awesome fruits. What a great journey. Keep it up bud. Can't wait for this years progress for all of us. Take care.
ReplyDeleteDH,
DeleteIt is pretty F'ing awesome. You are killing it as well and providing a ton of inspiration for the rest of us. No bullshit....you are hustling hard!
MDP
Impressive that you invested $10K of new capital that will generate more dividend income for you moving forward. Very solid numbers, congrats.
ReplyDeleteTawcan,
DeleteThanks and it is awesome to be on this journey with all of you guys. I love seeing your progress as it is damn impressive without a doubt!
MDP
Nice work!
ReplyDeleteYou are putting up some very nice dividend numbers.
Question: Do you reinvest all of your dividends back into the pipeline? Meaning is the $10K net of the dividends or was it $8K of new capital invested and $2K of dividends reinvested?
Cheers!
GYFG,
DeleteGood question about the capital. I would say this month I the 10k is composed of $9500 from my paycheck, $500 from non-DRIP dividends and then I DRIPPED about $1500. So in all reality I actually bought about $11,500 worth of stock.
Also I have some companies that I DRIP in Sharebuilder and don't DRIP in my other brokerage account. This actually makes things a bit more confusing. For instance I have 40 shares of CVX that I don't reinvest the dividends and the rest of my shares are in Sharebuilder where I do DRIP the dividends. I own several companies that are held in both DRIP and non DRIP accounts. It's actually a bit of a cluster f@#k.
The more I type the more confused I am getting so I will stop here.
MDP
Wow! You are killing it MDP. Crossing $2K again in monthly dividends is fantastic....keep up the great work!
ReplyDeleteR2R
R2R,
DeleteThanks, my friend. It has taking a lot of hard work and there is a lot left to do.
MDP
Very impressive! I could literally retire with that kind of dividend income. Keep it up MDP
ReplyDeleteCaptain,
DeleteI could come close to retiring as well if only I could receive this much every month. Actually I would still be cutting it close even with some drastic expense elimination. We all need to keep forging ahead!
MDP
MDP,
ReplyDeleteLike Captain, I'd be retired with that kind of passive income!
Awesome work. I couldn't even imagine being able to invest $10k in one month. That's another level.
You're off to a crazy start this year. Looking forward to seeing how it all plays out for you.
Best regards!
DM,
DeleteLast month was a bit crazy with big purchases in PM and CAT. I wish I had $2,000 every month, but that unfortunately is still several years away. I'll keep plugging away though!
MDP
$2000 in monthly passive income! That's impressive! I also like your pic for this post.
ReplyDeleteStay hungry!
Ron,
DeleteThanks for stopping over and I really like the picture as well. I love motivational stuff! It helps keep the focus on building passive income.
MDP
MDP
ReplyDeleteGreat passive income, keep the snowball rolling.
FF,
DeleteThe snowball always must roll. I will do my best to push it as fast as I can.
MDP
$2000+ passive income from dividends... That's 10 times of what I received. Congratulations! Keep up the good work!
ReplyDeleteMU,
DeleteThanks a lot! You are adding funds to your portfolio at a crazy rate. I can't wait to see how your dividends start rolling in during the next year. Great job yourself!
MDP
MDP,
ReplyDeleteOr should I say MVP? DAMN! This is awesome - crossing $2K with a few adverse events with your dividend payer and the competition from special dividends and what not from December. Guess what? You still crossed $2K for the month - with that kind of dividend income, I surely would be taking a bigger look at the picture of life, it's incredible.
Great job MDP, keep slashing away over there, that JNJ purchase this month was monsterous as well.
-Lanny
Lanny,
DeleteThanks a lot man! I really appreciate it. The bigger picture is coming more into focus each day. I am constantly thinking of how I could make it without working another day. I probably could side hustle it, work a 3 month a year job, or develop a monk type lifestyle, but I will forge ahead for a while longer. I do like having a lot more options now than I did just a few years ago.
MDP
So impressive! It must be wild watching the up and down swings with a portfolio your size, I'd find that so fun. Glad to hear taxes aren't going to kill you as bad as you thought and I'm excited to see what you do with those excess funds. Have a good weekend, MDP!
ReplyDeleteRyan,
DeleteYeah there is somewhat better tax picture than originally thought. I still owe a tad over $6k but I was thinking $12k without looking to closely at everything. As far as the portfolio goes, I sometimes feel a bit sea sick especially with the energy holdings. It's all good though and I will continue add to the pipeline until FI.
MDP
That's a really solid month MDP. I like the broad sector diversity that you have. You must be at pace to top $20k this year!. If I didn't have any kids, I'd convince my wife to take our dividends, get our rental paid off and just roam the world with that sort of passive income!. Congratulations, and keep it up!
ReplyDeleteIntegrator,
DeleteThanks for the comment! If I count my retirement accounts I think $20 is easily in the bag. Taxable accounts will probably be closer to $16.5k and hopefully $18k in forward dividends by year end. Some day I hope to roam around the world, but this year I hope to roam around the US more than I have in the past.
Great job on the dividends! That beats my dividends by a little, although my rental income smokes it...
ReplyDeleteNNL,
DeleteThanks for stopping by and commenting. You definitely have scooped up all the properties on the Monopoly board. I hope to someday diversify into real estate as well.
Keep up the great work on your end!
MDP
$10K in new capital and over $2000 in dividends is a great month. My dividends for the month received a nice bump as well primarily due to BBL's semi-annual dividend, though the overall numbers are nothing close to yours.
ReplyDeleteDGJ.
DeleteI like the way you are going about building your portfolio. In a few years from now the results will be fantastic! Don't stop doing what you are doing.
MDP
Congrats on an awesome month. That huge PM investment will provide some serious dividend income next payout. Over $10k deployed for a single month is huge by any measure. Great start to Q1 of 2015. Look forward to your next update.
ReplyDeleteDivHut,
DeleteAs always, thanks for stopping by. I can't wait to see the PM and MO payments this month. Now that taxes are out of the way, it is time to focus on saving and investing. I also plan further reductions in my mutual fund holdings.
MDP
Curious to know how you manage to invest a $10k in a month? That's impressive! Congrats also on the JNJ investment! Good choice!
ReplyDeleteDivGuy,
DeleteI will post my monthly income and expense report in the next couple of days and that should explain things. The short answer is I made about $15k take home including dividends last month and spent about $3k.
Thanks for stopping by!
MDP
I've come to expect you to post huge numbers every month. This month didn't disappoint! :)
ReplyDeleteIncredible, both in terms of the cash invested, and the dividend income! Like many have said, I'd be retired if I brought in that amount of cash each month. Congrats on a fantastic March!
Seraph,
DeleteThanks for the support. If only I could bring in $2k every month. I don't think that would quite end my working career, but it would put me damn close to the finish line.
MDP