March Dividend Portfolio Update 2024 🔥 ✅

BIG Dividend Payments

Portfolio Update 📈

My portfolio hit another all time high in the month of March, at $170,000, with much of this coming from capital gains.

The funny thing is that for whatever reason, there seems to be a big misconception that dividend investors don't ever see any capital gains.

For example, whenever I post on Twitter/X about how much I received in dividends during a certain month, typically someone will respond and ask if it offset my capital losses.

When done right, you should definitely see capital gains when dividends investing, and more specifically dividend growth investing.

In fact, I’ve already seen over $31,400 in capital gains!

The reason behind this is simple.

I don’t simply focus on stocks that can pay me the most in dividends right this moment.

I focus on buying stocks that have the ability to continue to grow their free cash flow every year, in turn giving them the ability to payout more and more in dividends every year.

And this is the method that I believe will allow me to live off dividends at the fastest rate possible.

So while my portfolio has grown rapidly due to capital gains, there was something else that happened this month that gave my portfolio a big boost-

My quarterly dividend payment from SCHD.

SCHD paid me a $641.55 dividend payment in March!

And my total dividend payments in March was $843.47.

So even though I didn’t contribute much to my portfolio this month, I still had $843.47 being reinvested right back into my portfolio.

And my average monthly dividends now sits at 434.32 a month!

And to show just how powerful the compounding effect is now-

Even if I never contribute another dollar to my portfolio, in 1 year my average monthly dividends will be around $547.81 and in 5 years it could be around $825.81.

So it’s safe to say that the snowball is rolling all by itself at this point.

In fact, at this rate, it’s completely realistic that I could have the ability to live off dividends in about 15 years.

I find tracking my portfolio and projecting what it will look like in the future extremely motivating.

I believe it is something all serious dividend investors should be doing.

Like always, if you’d like to gain access to any of my spreadsheets to be able to do this, you can do so here.

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Tweet of the Week:

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If you missed it..

I recently launched Tickerdata!

Tickerdata is a spreadsheet integration tool that gives you the ability to automatically pull in live stock data for over 70,000 different stocks, 30+ years of historical financial statement data, other key financial metrics, and it can pull in data from over 70+ stock exchanges all across the world, straight into your spreadsheet.

You can access Tickerdata and download my spreadsheets here.

You can also subscribe to the Tickerdata YouTube here, where I'll post tutorials and even more stock analysis!

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Lastly…

Earlier this week, I sent out a Newsletter to my paid newsletter subscribers that lists out the dividend stocks I believe to currently be undervalued.

I send out this Newsletter at the end of every month, so if you’d like to receive next months edition or even gain access to last months, the you can become a paid member below. 👇

That’s all for now! Feel free to respond to this email and let me know of any thoughts you have!

See you next week!

Dividendology