Saturday, January 25, 2020

December 2019 Passive Income




Here is the passive income I received from both taxable and retirement accounts.


Taxable Account

  • ABALX --- $869.21
  • Amegy CD --- $509.11
  • XOM --- 40.02
  • KHC --- $16.00

Retirement Account

  • 65/35 S&P 500/Bonds --- $1645.05

Total November 2019 passive income is $3079.39

Well that's a wrap for 2019. Exceptional year on all fronts and I am more than pleased with my monthly passive income for December as well as the year.

December was a big month for my mutual fund ABALX and the $869.21 does NOT include the end of year capital gain distribution. It is strictly the income amount. My CD income dropped and will continue to drop again this month as I have reduced the balances and the rates have reset lower.

Considering I only received $56 from individual stocks I feel good about clearing $3,000 across all accounts.

I have been added shares back and consolidating to my JPM account and hope to create the same yearly income for 2020 as I did in 2019. I have work to do.


DEFY MEDIOCRITY

6 comments:

  1. MDP -

    You should show the YTD income as well! Think that would be great for readers to see. Plans for the cash? High Yield savings or 13 months and less CDs?

    -Lanny

    ReplyDelete
    Replies
    1. Hey Lanny,

      You can find my yearly income totals on my Dividend spreadsheet tab. I actually have cut back a bit on CDs. I still have about $250k in CDs (50k reduction) and will likely at some bonds and low beta stocks like utilities or consumer staples (CL yields around 2.5% and should have solid dividend growth as well).

      MDP

      Delete
  2. Hi Dividend Pipeline, great to meet a fellow dividend blogger. I'd like to send you a quick email for a blogging collaboration if you are interested, I can be reached here: kanwal [at] simplyinvesting [dot] com

    ReplyDelete
  3. Fantastic work. Looks like you have some winning income here. Keep up the excellent work!

    ReplyDelete
    Replies
    1. BHL,

      I'm certainly trying. Investing right now is a bit challenging with the market swings. Also I'm not quite as aggressive as I have a high enough net worth and really don't need to subject myself to the possibility of multi-year bear markets. I welcome them and would love to invest in them, I just don't want to divert too much from my retirement fun focusing on a portfolio with a heavy equity component.

      MDP

      Delete
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    ReplyDelete