Dividends: I received a total of $134.48 in dividends from the following stocks:
- ADM: $10.50
- BDX: $11.25
- CVX: $18.00
- JNJ: $21.35
- MCD: $35.00
- NSC: $25.00
- UTX: $13.38
Dividend Increases: I was pleased to see dividend increases announced for two of my stocks (click on each stock to see my post about the increase):
Savings: This month I saved $1,668 (56.1%) of my net income, which results in year-to-date savings of $12,648. I achieved my goal of $12,000 in savings for 2012! When I set the goal at the start of the year, I did not have a reliable estimate of how much I could save each month. It feels great to know that I was able to save more than I anticipated. I am curious to see how much my total savings will be at the end of the year.
Transactions: I bought two stocks this month (click on the transactions to see my posts about them):
Portfolio: My portfolio currently consists of 23 stocks and has a market value of $60,437.16 (including cash), which is a 2.4% increase over last month's value. About 72% of the increase came from new capital and the rest was due to capital gains and dividends.
Seeking Alpha: I published one new article on the investing website Seeking Alpha (click on the title to go to the article):
Looking Ahead: October will be a decent month for dividends, only slightly less than what I received in September. My savings rate should be good. My two recent purchases used up a modest amount of cash, but once I add the new capital from my September savings, I will have enough cash to make two purchases. A lot of earnings will be reported in the second half of October, so I am tempted to wait and see which stocks dip on "disappointing" earnings. However, if a good opportunity comes up between now and then, I might take advantage of it.
Congrats on a fantastic month!
You passed the $60k mark. That's awesome. Keep it up!
Very solid month of dividends there. Just adds to your compounding ability.
I don't know if I'm just an eternal bull, but I am seeing some value out there. Industrials/railroads, VOD, some financial plays, defense stocks. KMI hasn't moved since I bought it, so I find that still attractive.
Anything on your radar for next month?
Dividend Mantra: Thanks, I appreciate the feedback! I also see some attractively valued stocks at the moment.Delete
Of the stocks already in my portfolio, I would consider adding to my newly established INTC position on further weakness. I am also watching NSC, but given that it's one of my largest holdings, I would be more interested in adding to a smaller position or starting a new one.
Of the stocks not in my portfolio, some attractive possibilities are CMI, KMI, and RTN (the last one has dipped noticeably during the past week for some reason).
Looks like you had a great September DGM. Hitting your savings goal three months earlier than planned is an outstanding accomplishment. Well done!!ReplyDelete
Stoic: Thanks! I'm definitely pleased with my savings this year. It's always nice to have more new capital for investment.Delete
It looks like September was a busy month for you. Keep up the great work! A 50+% savings rate is fantastic. At this rate you won't have any problem building up passive income. Happy investing, cheers!ReplyDelete
Henry: Thanks, I appreciate the feedback!Delete
Congrats on hitting your savings goal for the year already and being ahead on your dividend goal. I'm also hoping that some early earnings announcements will lead to some dips in prices.ReplyDelete
Passive Income Pursuit: Thanks! It feels great to have made such progress on my savings and dividend goals.Delete
Looking good there D. It's nice that the Seeking Alpha articles have paid you almost $600. If I actually had writing talent I would type articles for some side income. Keep them coming. Good job meeting your savings goal, the dividend goal is within reach!ReplyDelete
Compounding Income: Thanks for the feedback. I definitely look forward to meeting my dividend goal soon. I hope to continue writing occasional articles for Seeking Alpha; coincidentally, a new article of mine was published today.Delete
Great job, DGM! Congratulations on reaching your savings goal for the year early and for being on track for meeting your dividend income goal a full month early.ReplyDelete
I love the PM and MCD dividend increases, since those are two of my larger holdings, too.
Keep up the great work and I'll be looking forward to your next update.
Samir: Thanks, I appreciate your kind words!Delete