Another milestone reached, and this one is HUUUGE! ๐๐๐
With the very unexpected dividend increase from my favorite dividend ETF $SCHD to 0.8241$/ share for the second quarter 2024, I've reached a 1000$/month in dividend payments for the first time ever. ๐ฐ I couldn't be happier, especially since this portfolio is only 7 months old.
For those you read my recent posts and are aware of my goals for this year and beyond, but here is a quick reminder.
My initial goal for 2024 was to have about 400$/month, when I saw how things progressed, I updated that to 500$/month, but looking ahead we are expected to end up with more than 600$/month, which would simply be insane. ๐คช
(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 underrepresent 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 130k$ with the plan for >160k$ end of 2024
>270k$ end of 2025
>370k$ end of 2026
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 might be 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:
$AGNC (+2,73ย %) 37.32$
$EFC (+0,43ย %) 17.81$
$EPR (+1,76ย %) 19.10$
$MAIN (+0,69ย %) 21.36$
$MAIN (+0,69ย %) 26.70$ (special dividend)
$JEPI 112.04$
$JEPQ 94.89$
$SPYI 51.02$
$QQQI 25.56$
$O (+2,65ย %) 73.76$
$SPLG 44.34$
$SCHD 544.73$
________________
Total: 1068.63$
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 position as well as adding $QQQM to the portfolio at some point in order to participate in some of the growth potential that technology and market leaders offer so don't judge me too harshly.๐
Happy investing ๐, happy compounding๐ธ!
#fire
#retirement
#financialfreedom
#dividends
#compoundeffect #nextstop250k$
#1000dividendspermonth