February Investment and Side Income Update

earn extra income

One of my financial goals for 2014 is to increase my dividend income by continuing to invest in dividend paying stocks. In reality I have a mix right now of index ETFs and individual stocks that provide dividend income. In an effort to provide motivation for myself and to be accountable in terms of my stated goals, I plan on posting about my progress regularly (hopefully monthly, but we’ll see how that goes).

I’ll also include here updates on any side or passive income.

Well another month has come and gone. February was not an exciting month all around. Not only did we have to put up with freezing temperatures and snow, but it is also a lite month for dividend payments in my taxable account. I, for one, welcome March with open arms as spring will officially appear before it is through and with it the promise of warmer weather in the not too distant future.

Here is the breakdown of my investment and side income for the month of February:

Dividend Income (taxable brokerage account)

$36.94

Interest Income (Capital One 360 Savings Account)

$30.43

Interest Income (Lending Club)

$4.40

eBay

$68.50

Blog income

$3.42

Total Investment and Side Income for February

$143.69

As a reminder, this update includes only dividend income from my taxable account and does not include any dividend income from my retirement accounts. My focus for this update is on the taxable account as I will be looking to access this account prior to a traditional retirement age.

Dividend Income

February was a slow month for dividend payments. I did get the good news this month that three of my holdings announced dividend increases. Coke (KO) sweetened its dividend by 9%, Digital Realty Trust (DLR) increased its dividend by 6.4% and Waste Management (WM) will be increasing dividends by 2.7%. It’s nice to get a raise in my passive income for doing nothing but holding these stocks. The whole idea behind creating a dividend stock portfolio is to create an inflation protected income stream through dividends by choosing companies with a history of annually increasing pay outs. It’s pretty cool to see this theory in action in my own portfolio, even if it is currently on a small scale. I am, however, continuing to build my portfolio through continued investments. In February I added to my position in Coke and initiated a position in Chevron (CVX). Both companies are dividend champions with more than 25 years of increasing dividends and I have no doubt that they will continue to be solid holdings for many years to come. With these additions, my estimated annual dividends from my taxable account stands at $1,667. As I stated in my 2014 Financial Goals, I’m trying to earn $1,800 in dividends for 2014. With continued investments, I should achieve this goal.

Lending Club

Lending Club has been slow going. After initially funding the account in January, I have only about $1,000 invested in notes so far. It’s taking longer for me to find notes than I had anticipated, but I do plan on adding more funds here.

Churnin’ the Rewards Cards

On the rewards card front, we met the minimum spending requirements for the Barclaycard which gives us $400 to spend towards travel expenses. We’ve also signed up for the Chase Sapphire card. After meeting the minimum spending requirement of $3,000 in 3 months, we’ll get 40,000 bonus points. Our current plan is to use these points to pay for airfare to Orlando by transferring the points to Southwest airlines. A roundtrip ticket to Orlando would be about 8,000 points, so we’ll have plenty for the trip. If you are interested in learning more about the types of rewards cards available, check out Richmond Savers. Brad is a wealth of information and will even provide you with one-on-one consulting via email to find the best travel rewards card for you.

eBay

I finally got around to selling stuff on eBay! Now that I’ve gotten started I hope to unload a bunch of crap, um, I mean vintage items, from our home. It feels good to get rid of some things that we don’t need anymore and to make some extra cash too.

That’s it! Think spring, everyone. Think spring.

Did you make progress towards your financial goals in February?

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22 Responses to February Investment and Side Income Update

  1. If you add another signer you can get another 5000 points with chase sapphire. On your previous post for investing if you go to share builder you can do drip for 3.95 per monthm

    • Green Money Stream says:

      Thanks Charles! We did add my husband – I forgot I should get that extra 5,000 points. That’s awesome. Thanks for the tip on Sharebuilder. I’ll look at that. Part of me wants to keep things simple and stick with my Vanguard account, though. I have to think about this more.

  2. Liz says:

    Those are impressive raises you received on your dividends, especially Coke! When you receive dividends do you normally just have them re-invested into the funds or do you actually get cash for them?

    • Green Money Stream says:

      Thanks Liz! That’s a great question. I re-invest all dividends right now, which keeps my money working for me and helps accelerate the compound growth.

  3. Thanks for sharing, Kay. All of your taxable investments are through Vanguard, right? I want to start purchasing some individual dividend stocks to add to my portfolio.

    • Green Money Stream says:

      Yes, I use Vanguard. I might look into purchasing stocks somewhere else for a better price (Loyal3 or Sharebuilder). I’ve been hesitant though, because I like having everything in one place.

  4. I just got the chase sapphire preferred card myself and plan on using it for a trip to Europe next year! Have you thought about opening a southwest card and getting 50k points? I really liked that one too.

    • Green Money Stream says:

      Wow, that sounds like a great trip! I have thought about the Southwest card and I might do that too. I’m just getting my feet wet with the churning, so I thought the Chase Sapphire was a good all around card.

  5. Cool site GMS! I’d also throw out a tip from The Finance Buff, that there is a potentially good return on investment for low risk and low effort if you are willing to do your research: http://thefinancebuff.com/lending-club-vs-bank-account-with-fdic-insurance.html I might do this when I get more motivated, I’d be interested to hear what you think!

    • Green Money Stream says:

      I’m so glad you stopped by! Thanks for passing that link along. That’s a very interesting idea. I would love to hear about your experience with it if you do it. Since I already have the Lending Club account I want to give it a shot. My plan is to have around $5000 in Lending Club which should be a better return than the Banco Santander offer here. Definitely caught my attention though and something to think about. Thanks!

  6. Hi,

    I have found your blog about the site from income-surfer.
    It’s great to see someone who fights hard for his money.
    Not a blog, where it says, I have received this month 1,000, 1,200 or 1,500 USD of dividends.
    You got a blog with numbers, like the most normal human.
    A hundred here, a hundred there…

    Keep going!

    Best regards
    D-S

    • Green Money Stream says:

      Thanks for the kind words and for stopping by! Not that I would mind reporting dividend income of $1,000 a month! But right now we’re in the accumulation stage working to increase the investment income. I enjoy watching the progress of others, which is why I post mine. Plus it’s good motivation!

  7. I use Sharebuilder for my individual investments (my wife’s Roth IRA). We’re in index funds everywhere else, so this is the one I use for my so-called “fun” money. It’s not bad. The trades aren’t too pricey, and they have an automatic investing option that lets you dollar cost average for $4 per trade, or if you have a lot, they offer 12 trades for $12.

  8. Looks like you are doing great, any gains are always good.

    My investments are steadily growing which is great to see. I love watching and investing in the sharemarket.

    • Green Money Stream says:

      Thanks! It is fun to watch them grow. Once you start to build up a nice portfolio it is cool to see it grow on its own and I love getting the dividends!

  9. Poor Student says:

    Wow that’s a nice income from dividends! Just wondering, how long have you been holding stocks from Coke? I’m thinking of investing money stocks as well, but I’m still deciding whether I want to actively participate in ti by constantly trade my stocks or just wait for the dividends.

    • Green Money Stream says:

      Well it’s a work in progress. I just started building this portfolio a little over 2 years ago and Coke was one of my first purchases. I’m definitely not one for trading, partially I just don’t feel like I’d have enough time to devote. Buy and hold is the best strategy for me (hey, if it’s good enough for Warren Buffett, right?). Right now I’m torn between buying individual dividend paying stocks or just investing in index ETFs. I do both and I don’t think that’s a bad way to go.

  10. I’m looking forward to seeing that blog income shoot up very soon! How’s it been going trying to build up your affiliates? Hope all is well.

    • Green Money Stream says:

      I don’t know if it’s going to shoot up much. I have not made any progress with affiliates so far. But I feel like I should wait until I have more visitors to apply to the programs. Thanks for checking in!

  11. Peter says:

    Looking into Chase Sapphire Card now. Planning to trip to Kazakstan this summer.

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