Here is a review of what happened in January:
Dividends: I received a total of $80.54 in dividends from the following stocks:
- CNI: $6.39
- GPC: $24.75
- PM: $42.50
- UNP: $6.90
Dividend Increases: I was pleased to see dividend increases announced for two stocks (click on each stock to see my post about the increase):
Savings: This month I saved $1,228 (42.2%) of my net job income. My savings were decreased by higher discretionary spending (I bought some clothes and a new blender) and the payment of annual membership dues for professional societies associated with my work. In addition, my net job income was slightly lower due to higher payroll taxes.
Transactions: I sold one stock and bought two stocks during the month (click on each transaction to see my post about it):
- 60 shares of ADM (sale)
- 55 shares of MSFT (purchase)
- 10 shares of VFC (purchase)
Portfolio: My portfolio currently consists of 27 stocks and has a market value of $71,148.69 (including cash), which is a 9.2% increase over last month's value. It was my best month ever for capital gains, which represented 73.7% of the increase. The remaining portion came predominantly from new capital.
Seeking Alpha: After not writing anything for a while, I finally published a new article on the investing website Seeking Alpha:
Looking Ahead: February will be a better month for dividends, with a substantial year-over-year increase. I am expecting dividend increases to be announced by GPC, KO, and NVS. The Board of Directors for NVS has already proposed a dividend increase, but it has to be approved by shareholders at the AGM on February 22. My savings rate should improve in February due to lower expenses than in January. As discussed in the post about my Roth IRA, my next few purchases will be in that account. I have already funded it with $5,000, but I do not plan to invest all the money at once. I will likely continue making one purchase each month (aside from any purchases made to offset sales, as was the case in January). Also, my February and March savings will go toward replacing some money I borrowed from my cash reserve to make the maximum contribution to my Roth IRA for 2012. Thus, my investing will proceed as usual, provided I can find some attractively valued stocks in the current market environment. In particular, I will be looking for stocks with yields above 3% that I can purchase for my Roth IRA.
Great job this month!
You had a great savings rate, even with factoring in some additional costs. Nice!
The dividends aren't a surprise. Mine are down too, as are many others due to the accelerated payments. It is what it is. I'm looking forward to a huge year of dividends though, as I'm sure you are. It's very exciting to keep seeing big rises in YOY dividends. The tangible numbers are very self-motivating.
Congrats on the success over at Seeking Alpha. I haven't published any articles over there yet, but should. It's hard to find time just for my blog, investing, keeping fit and everything else. Although if I were to drop down to part-time work and reclaim a lot of my time, I'd have a lot more available resources (time) with which to write. Hmm...
Keep up the great work!
DM: Thanks! I am indeed looking forward to a good year of dividends. I am most interested in seeing how my quarterly dividend income (which smooths over monthly differences) increases year over year. I think those increases will be very motivational.Delete
I am pleased with the reception of my articles at Seeking Alpha, but I am in the same boat as you when it comes to finding time for everything. That's the main reason why I've been averaging only about one article per month there. However, the bit of extra income is nice, even if it's highly variable from one article to the next.
Congrats on your start to the year DGM. Unfortunately my January, and probably my February will be fairly modest in terms of dividend income. March will probably be a better month for me (one of the significant issues with international dividend payers I guess).ReplyDelete
I recently joined, and in fact started contributing articles to Seeking Alpha. Its still more experimental at this stage, as I don't have a good enough sense of what the audience is like in terms of appetite for more technical vs more generic articles. I will say though that the articles on income investing strategy seem to meet with a better response than company specific ones (thats been my observation so far). I haven't contributed there long, but I also tend to average around 5000 views per article. I may continue occasional contribution there, time permitting.
Integrator: Thanks for your comment. I noticed several of your articles over at Seeking Alpha. I find that writing can be a good way to clarify my thinking about investing, which is one of the reasons why I occasionally write articles. I also appreciate the feedback I get from readers, which sometimes provides additional clarification. Thus far it's been a good experience for me and I'm sure it will be for you, too!Delete