We've reached yet another milestone 💚💚💚
With the big dividend payouts in September we have reached a new high of 1253.28$ for 09/2024. This marks the second time (after 06/2024 were I've reached a >1000$/month in dividend payment outs. 💰 I couldn't be happier, especially since this portfolio is only 10 months old.
For those you read my recent posts and are aware of my goals for this year and beyond, but here is a quick reminder.
My initial goal for 2024 was to have about 400$/month, when I saw how things progressed, I updated that to 500$/month, but looking ahead we are expected to end up with more than 800$/month, which would simply be insane. (TTM >650$/month)🤪
(For clarification I don't calculate that as TTM, but rather as the average of trailing 6 months, trailing 3 month, future 3 months, future 6 months. This is simply because I am still building my positions aggressively so that the trialing months significantly under-represent the status quo. I am aware of the uncertainty of future dividend payouts, which is why they are approximated conservatively. )
At the moment the total value of the portfolio stands at just above 170k$ with the plan for >180k$ end of 2024
>270k$ end of 2025
>370k$ end of 2026
I also decided to sell off one property and throw most of the money into the marker. If that happens the above number will be updated with my next post. I did lose my job recently, but hope something else comes up rather shortly, fingers crossed. 🤞This obviously also affects my investments.
My overall goal is to consistently have 4k$/month at my disposal for retirement (ideally without dipping into the principal of the investment). About 2k$/month will be provided by rental income and thinking that I will be more than one third to the 2k$/month needed from dividend payouts by the end of the year gets me very giddy.
This is the list of all dividends for this month:
$MAIN 21.81$
$MAIN 26.70$ (special dividend)
$JEPI 124.34$
$JEPQ 117.50$
$SPYI 102.43$
$QQQI 68.05$
$O 104.41$
$SPLG 67.10$
$SCHD 620.95$
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Total: 1253.28$
I also did some changes to the portfolio in minimizing the positions I hold.
I sold $MAIN (+1.99%) , $EPR (+1%) , $EPRT (-0.53%) and $VICI (+0.32%) not really because I don't thing they are good companies, but rather to stock up on securities I surely want to hold forever ($SCHD , $O (+0.55%) and $SPLG ) with some cash flow options like $QQQI and $SPYI sprinkled in for good measure.
I am sure there will be people saying that judging from that list, the portfolio is too conservative... and I would somewhat agree with you, but my objective is to build mainly a dividend portfolio that will consistently help with my expenses in retirement.
That being said, I am planning on expanding my $SPLG and $SCHD positions as well as adding to my cash for a potential market downturn so don't judge me too harshly.😜
Happy investing 📈, happy compounding💸!
#fire
#retirement
#financialfreedom
#dividends
#compoundeffect
#nextstop250k$
#1000dividendspermonth
