Free Spreadsheet + October Dividend Portfolio Update 2023 ✅ 🔥
$5,000 a Year in Dividends!?
I made some serious moves in the month of October that boosted my dividend income.
But before we get to business…
Just like I promised, I’m sharing with you a FREE spreadsheet with details on European ETFs that are equivalents to SCHD, VOO, QQQ, and many others!
You can get access to it here.
In order to use this spreadsheet, open the sheet, click ‘file’, then click ‘make a copy’. Enjoy!!
Now let’s get to the portfolio update.
For the longest time, my dividend portfolio had been sitting on a cash position of around 20%.
This was intentional, as I was waiting for the market to provide more opportunities with more of a margin of safety.
And I have to say, over the past month, the market did just that.
I contributed the most capital in a single month to my dividend portfolio that I ever had before.
My cash allocation is now only sitting at 4.3%.
This comes after my favorite dividend ETF, SCHD, hit its 52 week low in the month of October.
This pushed it’s starting dividend yield to around 3.9%, which is the highest it had been since March of 2020.
Like always, I have no certainty how this ETF will perform short term.
But long term?
I’m confident the companies held in this ETF will continue to grow earnings and free cash flow, which will result in share price appreciation and dividend growth, helping me to achieve my long term goal of living off dividends.
Along with SCHD, here are the positions I added to this past month:
I also added capital to some existing positions in my portfolio this month. These positions include:
SCHD
LOW
TXN
V
WM
JNJ
VICI
These moves pushed my dividend income to a little over $5,000 a year, or $417.38 a month!
That means regardless of whether or not I contribute capital to my portfolio, I’ll still be reinvesting on average about $417.38 in dividends back into my portfolio every single month.
In total, I received $216.49 in dividends in October, down from my all time high of $594.06 in September.
So while my portfolio value has dropped quite a bit in the past month, my annual dividend income continues to increase.
That’s the beauty of dividend investing.
While the market remains volatile and jumps up and down, your dividend payments keep growing.
Here is what my future portfolio outlook now looks like:
Seeing the future portfolio outlook always keeps me motivated to keep going and stay consistent, which is exactly why you should be projecting what your future portfolio will look like as well.
You can download my spreadsheets to do so here.
Tweet of the Week:
That’s a wrap on this months update! Feel free to respond and let me know if you have any thoughts!
Link to download my spreadsheets:
https://www.patreon./dividendology
My contact at Seeking Alpha just allowed me to run a new promotion for them. Get a $50 coupon + a 7 day free trial to Seeking Alpha here:
https://seekingalpha.me/Dividendology
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