Tuesday, August 1, 2017

July 2017 Dividend Summary


Here are the dividends received in my taxable account last month.





  • KO --- $97.79
  • GE --- $60.91
  • M --- $57.00
  • KMB --- $39.24
  • MO --- $21.72
  • VAIB --- $16.25
  • NKE --- $7.22

Total dividends received are $300.13

Despite selling all my stocks in the middle of June, I had a few that had already went ex-dividend. Not too shabby.

I'm sitting on a pile of cash while the work situation becomes more clear. So far I have survived a ton of management changes and continue to do well. I'll probably wait a few more months and at that point I will most likely be totally FI just living off the cash saved. Knowing me I most likely will start investing again!




15 comments:

  1. Nice extra income after the sale of your portfolio. What do you plan to do with the cash while you wait for a market correction?

    ReplyDelete
    Replies
    1. IH,

      Right now I'm sitting here watching it earn $0. :( I'm really in no hurry to do anything. Just hanging loose waiting to see how the job front goes. If I ended up trying early retirement, I'll likely keep a year's worth of expenses in cash and invest the rest in 2.25% ally cds. That way I would have close to $400,000 earning $8,000 a year. Couple that with a 13 year withdrawal (46.5. - 59.5) I could draw around $3000 a month to live. After 13 years I could start accessing my 401k.

      MDP

      Delete
  2. "Residual" passive income for the month. Who doesn't love DGI? Even when you sell your stocks you still get paid :) Look forward to your updates and see what happens to you with work, FI and investing. Wouldn't mind seeing which dividend stocks you pick if you do get back in the game.

    ReplyDelete
    Replies
    1. DivHut,

      I'm still watching for bargains while on the sidelines. GWW, XOM, IBM, HOG, and GE are interesting right now. VZ & T got really cheap a couple of weeks ago.

      MDP

      Delete
  3. Any particular reason you liquidated your portfolio? You were doing very well in terms of dividends on a monthly basis ... would that not be a steady income?

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    Replies
    1. dG,

      Extreme uncertainly at work. Don't like dealing with a shit storm all day and then worrying about assets. I still have $325,000 of my 401k invested in SP500 and Vanguard bonds.

      MDP

      Delete
    2. Here is some math I worked out. I assumed 1 year CD as it is not possible to have a 5 year CD and still withdraw money out.

      36,000 is the lowest spending rate. However, it is possible to have 180,000 in 1 year CD and the rest in 5 year CDs to earn better rate.

      Was this your plan?

      Year Expenses Cash Interest: 1.5%
      1 $36,000.00 $400,000.00 $6,000.00
      2 $36,000.00 $370,000.00 $5,550.00
      3 $36,000.00 $339,550.00 $5,093.25
      4 $36,000.00 $308,643.25 $4,629.65
      5 $36,000.00 $277,272.90 $4,159.09
      6 $36,000.00 $245,431.99 $3,681.48
      7 $36,000.00 $213,113.47 $3,196.70
      8 $36,000.00 $180,310.17 $2,704.65
      9 $36,000.00 $147,014.83 $2,205.22
      10 $36,000.00 $113,220.05 $1,698.30
      11 $36,000.00 $78,918.35 $1,183.78
      12 $36,000.00 $44,102.13 $661.53
      13 $36,000.00 $8,763.66 $131.45

      Delete
    3. dG,

      Pretty much spot on. Ally has some 2.25% CDs, and Compass has some in the 1.3% range. I'll probably mix up the duration (laddering) and get to that 1.5/1.7 range. A few rate hikes would be great as well. I'm at the 13.3 year mark right now so it would be great to reach about $430,000 sometime in November and things would be a little easier.

      MDP

      Delete
    4. Cool! Thanks for taking the time to explain. It's certainly doable.

      Rate hikes would be nice, but it seems the only thing that is going up is my credit card rate LOL

      Delete
  4. MDP -

    What have your last few weeks worth of days been like?? Curious to hear more about it MDP!

    -Lanny

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    Replies
    1. Lanny,

      I'll have to write a post to let everyone know soon. :) Here's a hint, I spent $1763 last month including a few dates with "beautiful disasters" lmao. I'm a sucker for women that are projects. I'm done with the broke, destitute, dramas queens. I am going after the gainfully employed and mentally stable women from now on. lmao

      MDP

      Delete
    2. HAHAHA, oh man, can't wait for these posts, haha. I'll be checking frequently to see if you've released any. Don't leave any details out, c'mon!!!

      -Lanny

      Delete
  5. MDP,

    I haven't checked in in a while. It looks like a lot has changed. Good luck on the job front. Either way, it seems you've saved enough and have things planned out for FI if needed. Good luck with the job and the women lol. I'll check back soon!

    ReplyDelete
    Replies
    1. AAI,

      Thanks, brother! Yeah job is crazy, but I'm still kicking. The women, well that's always an adventure! lmao You have got to give an update on the restaurant, if you still have it. I'm not too far south and would love to check it out sometime!

      MDP

      Delete
  6. That's still a solid month give the recent stock sell off. How are things at work these days - still a shit show?

    ReplyDelete