July 2014 Dividends

July was another decent month as the dividends roll in.  My goal is to increase these to a point where I can start focusing on the more important things in life.  I dream of spending time with my kids and their kids playing games, working on hobbies and even getting them into donating their time to charity.



Currently I am not even close to that point but that is why I am in it for the long haul.  Month after month I try to plow as much capital into the dividend machine.  It rewards me little by little.  For July the reward was $155.22 to my taxable portfolio and $129.41 in my IRA.  This totals to $284.63 and is a 273% increase over last July.  This is mostly associated with my roll over from my previous job's 401k into an IRA.  Since this was pre-tax dollars it will be staying in the IRA for the foreseeable future.

On a side note my "bonus" was delivered into my ShareBuilder account this month as well.  For opening up an IRA with my 401k they kicked me an extra $200 dollars.  Not bad (and taxes won't be bad either.)

Did the machine reward you with a year over year increase?

Comments

  1. Henry @ Living At HomeAugust 5, 2014 at 12:00 AM

    Great progress! Are most of your investments in the IRA? Cheers.

    ReplyDelete
    Replies
    1. Dividend Family GuyAugust 6, 2014 at 10:36 PM

      Thanks for the comment Henry. Yep must are in that IRA. I really didn't put much into my taxable account until this year. It is about 5/6 of my savings.

      Delete
  2. Dividend LifeAugust 5, 2014 at 7:29 AM

    Hi DFG,
    Over $250 in income is a great result, and if your portfolio is anything like mine then July is one of the lower months for dividend income because of how the payments align..
    Keep up the great work!
    Best wishes,
    -DL

    ReplyDelete
    Replies
    1. Dividend Family GuyAugust 6, 2014 at 10:38 PM

      Hey DL,
      So far it has been one of my better months. I think in my graph February was under $2 bucks so that was my lowest. Regardless as long as each month keeps increasing year over year I am happy. It is a sign to me I am on the right path.

      Delete
  3. TawcanAugust 12, 2014 at 4:38 PM

    You're making great progress. Keep it up. :)

    ReplyDelete
  4. Dividend Family GuyAugust 13, 2014 at 10:47 PM

    Thank you for the encouragement Tawcan. One step at a time.

    ReplyDelete

Post a Comment

Popular posts from this blog

Will Dividends Teach My Kids to Work Hard?

After reading an article about education and learning from Mr. Money Mustache last week I starting thinking about my kids and their upbringing vs. how I was raised.  There was lots of discipline but also a tremendous amount of freedom.  That combined with loving parents taught me many lessons in life that I believe have led me to a great career and the joy of raising a large family.  The one thing that worries me the most is a fear that my children do not value gifts or money they receive as much as I did as a child. As a child I remember talking with my sister days before my birthday.  We share the same birthday one year apart.  We would spend the time talking excitedly about what we might get for our birthday.  Gifts were usually only on birthdays or major holidays.  Easter baskets filled with candy, or presents on Christmas or birthdays. Growing up with one TV that didn’t get the best reception left us with plenty of time to day drea...
Read more

What to write about when you have no money to invest?

Image
Without any money to invest from January all I could do is screen and learn about some new stocks that came up this month.  It is my hope still to save enough where I can actually invest on a regular basis again.  Part of me wants to start using loyal3 or computershare.com .  Buy for free and sell for free on Loyal3 or for a fee on Computershare.  That way I can continue to invest in some of the strong dividend payers these companies allow you to buy.  The other part wants simplicity and is willing to pay the fee to keep all my money in one place with one tax document.   The third part just reminded me my goal is to first rebuild an emergency fund.  That part is such a downer and is no fun.  The fourth part is my wife who wants me to put any free money into home improvements.  I avoid that conversation at all costs.   The house will hold up and last longer than me.  My time is what I want not a nicer house. I cou...
Read more

The Cost of A Vacation for Six

Image
All investing and no fun can lead to a happy me but a not so happy family .  I am the only one who actually doesn't mind managing the finances and money matters in my family.  The kids are slowly learning and my wife leaves it to me since I use my computer and online services.  Both systems work but my system allows me to get things done faster and produce reports I enjoy studying. Here is the breakdown of our 7 night trip to the beach and a 2 day visit with my brother: Lodging $1,966 This was the largest expense.  We stayed at hotels during the trip there and while visiting my brother.  Luckily we have a relative that works at a major hotel chain and is able to pass a discount on to us.  The remainder of it which was the big chunk was the condo on the beach that we stayed at.   I found it as one of the deals on Kayak.com .  Overall the site was easy to use and compare different places.  Unfortunately I should have listened to ...
Read more

Investment Disclaimer

This webpage is provided for general information only and nothing contained in the material constitutes a recommendation for the purchase or sale of any security. If you have any questions please feel free to contact me at dividendfamilyguy at gmail dot com.