5Mo·

Another milestone reached, and this one is HUUUGE! 💚💚💚


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. 💰 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. 🤪


(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:


$AGNC (+0,36 %) 37.32$

$EFC (-1,28 %) 17.81$

$EPR (+0,19 %) 19.10$

$MAIN (+0,97 %) 21.36$

$MAIN (+0,97 %) 26.70$ (special dividend)

$JEPI 112.04$

$JEPQ 94.89$

$SPYI 51.02$

$QQQI 25.56$

$O (+0,27 %) 73.76$

$SPLG 44.34$

$SCHD 544.73$

________________

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.😜


Happy investing 📈, happy compounding💸!


#fire
#retirement
#financialfreedom
#dividends
#compoundeffect #nextstop250k$

#1000dividendspermonth

37
9 Commentaires

image de profil
Nice, congratulations!
On the same pathway, just the horizon is longer, probably 2031, dividends and distributions will cover for all family living expenses.
#powerofcompounding
4
Voir toutes les 4 autres réponses
image de profil
Congratulations, I'm just starting out and I have no experience, but seeing that you complete your goals motivates me to continue investing so that in a few years I can have a decent pension for my retirement.
1
Afficher la réponse
Looks similar to mine.
1
Well done however lm just started to invest looks like lm following the same path
Participez à la conversation