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Thursday, January 3, 2019

Goals for 2019

Welcome to 2019. This is the year I turn 40. The year many DGI hope to retire by. Clearly that isn't going to happen. That was never the goal. In fact I spent 2018 doing many things that run contrary to what the 60 percent savers would do.

My wife and I bought our first home. We picked a house that will stretch us a little bit in the short term. We are paying PMI. We are paying an insane tax rate. But it was absolutely the right decision. My wife had an awful commute and over time it was putting a strain on our marriage. Our oldest daughter entered kindergarten and we were willing to pay for the right school district. The youngest is going to an expensive daycare. We bought an expensive new car with some help from family. We bought adult furniture.

So 2019 the plan is to continue to save and to be consistent. But it's not going to be a big year in terms of savings. There are other needs. Our family has not gone on a major vacation in 7 years. We need to build back our emergency savings account for peace of mind. My Roth IRA which is still below the maximum. We need to make some minor upgrades on the home. So this year is just about consistency. My goals are simple.

1. Rebuild the emergency fund.

2. $10,500 dividend portfolio (though just crossing into 5 figures will make me happy)

3. $400 in dividends.

Long term I'm looking at the dividend account as a supplement. The goal is to have the option to retire at 59.5 when I'm eligible to collect my pension. To supplement that income with a Roth IRA and dividend portfolio. To be able to live comfortably with my wife and pass on enough money to my children that they will have a substantial safety net. I'm lucky to have a hard working partner that makes a great salary and helps with the children. I have not included her savings in this figure. Overall I think we are on a great financial track. Both of our incomes have room to grow. As daycare costs and student loans expire this will lead to more room for investment. But for now slow and steady wins the race.

Tuesday, January 1, 2019

December Dividends

December was a strong month for dividends. 16 companies paid me $34.37. Below is a list of my December dividend payers.

WFC      0.86
HBI        1.50
UL          0.89
DFS       2.00
AMGN  1.32
TGT       6.40
EMR      2.45
JNJ       0.90
FLO       1.80
O           3.75
ADM     0.34
DUK      3.71
CMP     3.60
D           2.51
GM       1.14
BAC      1.50

Sunday, December 23, 2018

Recents Buys JNJ, KMI, T

Earlier this week, I saw some buying opportunities for existing positions.  So I made a flurry of small buys in my free Robinhood account.

I bought a single share of JNJ for $127.50 doubling my stake. 
I bought 2 shares of T at $29.84 per share to continue to build that position. 
I also bought a share of KMI at $16.09. 

These were all existing positions I continue to believe in. I had owned a single share of JNJ as a place holder and it finally dipped low enough to add to it. The yield for T at this value was hard to ignore and KMI continues to have a strong upside. 

Disclosure: Long T, JNJ, KMI

Disclaimer

Material presented on 'Dividend Seedling' is for informational and entertainment purposes only and is the opinion of the author (a social studies teacher and not a financial advisor). None of the information should be relied on or taken as investing advice or a recommendation to invest. None of the information or opinions expressed, constitutes a solicitation of the purchase or sale of any security or investment of any kind. Please do your own research before making any investments. Do not making any purchases unless you are prepared to lose your entire investment.

Additional Disclosure I long everything.

Saturday, December 1, 2018

November Dividends

November was a great month for Dividends. Ten companies paid me a total of $35.47 more than tripling last year's total of 4 companies paying 10.98. I also added to my positions in 3 of the four companies that paid me last year. I think this shows a healthy growth rate for my tiny portfolio which I an excited about.




CVS    $1.50
T        $11.00
GIS      $5.39
ABBV $3.84
KMI     $1.00
O          $3.75
WELL  $4.35
DAL     $1.40
SBUX   $2.88
INN       $0.36

Saturday, November 24, 2018

Recent Buy BAC

I had been looking to build on some existing positions and had Bank of America had been one of my more successful buys in the past. With a low payout ratio of 23.8%, Four consecutive years of dividend growth, I felt comfortable investing in one of America's largest banks. 23 of 30 Analysts has them as a buy or strong buy with a consenus price target of 34.34. I felt I got a solid company in a banking sector that is underrepresented in my portfolio.

My purchase was 8 shares at $27.50 per share or $220.

Thursday, November 1, 2018

October Dividends

October is one of my slowest months. But free money is free money. This month I earned $5.40 from two stocks.  I will take it. Below is a list of dividend payers for October.

TIF $1.65
O $3.75


Tuesday, October 30, 2018

Recent Buy CAT

Yesterday I grabbed 2 shares of Caterpillar at $116.87 per share. Caterpillar has 8 years of dividend growth and a 3.02 percent yield. The payout ratio is just 29.6 percent and with short term concerns over the China trade war it is currently trading 34.21 percent off of its 52 week high. Morningstar as a 4 star stock with an average price target of $156.38. Nine of 22 analysts list CAT as a buy or strong buy. While Caterpillar's stock has taken a hit, it's business is strong overall beating earnings. For me this was worth taking a small nibble.

Disclaimer

Material presented on 'Dividend Seedling' is for informational and entertainment purposes only and is the opinion of the author (a social studies teacher and not a financial advisor). None of the information should be relied on or taken as investing advice or a recommendation to invest. None of the information or opinions expressed, constitutes a solicitation of the purchase or sale of any security or investment of any kind. Please do your own research before making any investments. Do not making any purchases unless you are prepared to lose your entire investment.

Additional Disclosure I long everything.

Long CAT

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Goals for 2019

Welcome to 2019. This is the year I turn 40. The year many DGI hope to retire by. Clearly that isn't going to happen. That was never the...