June was a massive month for my portfolio.
My portfolio hit multiple major milestones during the month, with one being a milestone Iāve been pursuing for quite some time.
I had my first month of over $1,000 in dividend income.
In the month of June, in total, I made $1,108.17 in dividend income.
Letās put this into perspective.
When I started investing, I was contributing $50 a month.
I made over 22 times that strictly from dividend income this month.
And Iām reinvesting all my dividends, meaning Iām contributing 22 times more this month than when I started simply from reinvesting my dividends.
A huge reason for my massive month of dividend income, is the fact my largest holding, the dividend growth ETF SCHD, just paid itās largest dividend payment ever.
This Q2 2024 SCHD dividend payment was 24% higher than the Q2 2023 SCHD dividend.
Thatās pretty remarkable, and definitely goes to show the power of dividend growth.
You can see my in depth breakdown of SCHDās most recent dividend payout and what it meant for my portfolio here:
I put the growth of my dividend payments into perspective in a tweet the other day, and it had thousands of people wondering how they could do the same:
Now letās be perfectly clear-
Dividend growth investing isnāt a āget rich quickā scheme.
But it is a get rich scheme.
And you arenāt just building a portfolio that you will one day cash out of-
Youāre building a perpetually cash flowing machine, and those dividend payments will continue to grow every year.
When you utilize a dividend growth strategy, it means youāre buying quality stocks that increase the amount of dividends they payout every year.
The end result is youāll never have to sell out of positions in your portfolio for income.
Think of it this way-
Your portfolio is like a Ferrari, taking you to your destination. And when you it gets to your destination, you sell the car.
But with a dividend growth portfolio, you get to your destination, but get to keep the Ferrari. (Because you donāt have to sell shares in your portfolio!)
This is one of the many beautiful things about dividend investing.
The other major milestone, was that for the first time ever, my portfolio hit $180,000 in value!
This comes after seeing some amazing gains from companies like:
AVGO (+240%)
JPM (+98%)
CAT (+89%)
MSFT (+74%)
JEF (+69%)
AAPL (+61%)
BAC (+53%)
DPZ (+51)
Over the next month, Iāll be looking at each individual position, and make sure they align with my long term goal of one day living off dividend income.
Any that I find are not strong conviction plays and donāt align with my goals, Iāll consider selling.
Over the past month, Iāve added shares of:
LVMHF
V
SCHD
I believe these are high quality stocks/funds, that will help me one day live off dividends.
In fact, based off my projections, I could live off dividend income in just 14 years!
The dividend snowball effect is undoubtedly taking place with my portfolio, all because I made the simple decision to just get started with $50 a month years ago.
And now?
My average monthly dividends is sitting at $475!
If you havenāt already, now it the time to get started.
Trust me, youāll be glad you did
Tweet of the Week:
Check out these resources:
Tickerdata š (My automated spreadsheets and instant stock data for Google Sheets!)
Interactive Brokers š° (My favorite place to buy and sell stocks all around the world!)
Seeking Alpha š„ (My favorite investment research platform!)
Other Newsā¦
At the end of every month, I send out a newsletter to my paid newsletter subscribers with a list/spreadsheet of all the dividend stocks that I believe to be currently undervalued.
This sheet was received by nearly 200 dividend investors last month. (Wow!)
If youād like to receive this sheet at the end of this month, you can sign up here:
Thatās all for now!
See you next week!
Dividendology
What core stocks would you recommend for someone getting started today? Ive just started purchasing SCHD. But seems like some of the single stocks are at all time highs which makes me pause jumping in.