It's was a pretty uneventful month in February from a dividend standpoint. I bought some shares early in the month only to dump most of the positions I created in January. Between options gains and some short term capital gains (around $6k), I have been able to reduce some of my energy positions without too much of a collective loss.
Here is my dividend summary.
- NEA --- $22.63
- AAPL --- $8.32
Total dividends received in my taxable account is $30.95. Yikes that's pretty weak.
I have been adding to my cash positions and am closing in on $300k. Once I reach that threshold, there is going to be some serious buying with no selling going forward. Current forward dividends are around $1000 per year.
DEFY MEDIOCRITY
Wow, can't wait to see all the moves you make with the $300k stockpile you have!
ReplyDeleteAG,
DeleteThe 300k will most likely stay in cash or tax free bonds. I will however use every penny above that amount to invest in dividend stocks and my Lending Club portfolio.
MDP
Nice to read a post from you MDP. It's gonna be a brand new chapter bud. It's gonna be great. Can't wait to see all the awesome buys and moves you make. Take care bud.
ReplyDeleteDH,
DeleteI can't wait to get back into the action as well. Keep killing it on your end!
MDP
MDP,
ReplyDeleteGreat plan and excited to see the purchases role in. You'll be BACK in no time and looking to see your journey.
-Lanny
Lanny,
DeleteThanks for the encouragement. I'm looking forward to getting back into the buying routine....hopefully at lower market prices. :-)
MDP
Looks like you really hit the rest button on your portfolio. Look forward to seeing where you deploy all that capital and continue to grow your dividend income.
ReplyDeleteDivHut,
DeleteYeah I have been doing all kinds of crazy shit recently. I probably will fund my retirement with a combination of dividend income and a savings "drawdown". $300k will be my base that will stay invested in cash/cds/munis.
MDP
A 300k shopping spree? This is going to be fun to watch ;) What will be your strategy going forward?
ReplyDeleteGoGoAssets,
DeleteI am still about two months away from going full throttle in my investing. The 300k will stay in cash/cds/munis and every penny over that amount will be invested in dividend stocks and Lending Club loans.
MDP
This comment has been removed by the author.
ReplyDelete...closing in on $300k.
ReplyDeleteWow.
I've never had that in cash, although my portfolio is that and more. I simply stay in the market as much as possible but I trust you are up to something good.
Mark
PS - deleted previous comment, forget to add my site!
Mark,
DeleteI have changed my investment philosophy a bit and will likely keep the whole $300 in cash/treasuries. Anything above 300k gets invested in dividend stocks and Lending Club notes. I'll probably reach $300k sometime in June.
MDP