One of my financial goals for 2014 was 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.
We are still waiting for the warm weather to appear here in the northeast. I think it is supposed to hit 60 degrees tomorrow which will feel amazing. My regular visitors will notice that I haven’t posted anything in over two weeks. I’m not happy about it, but I’ve been extremely busy at work and just haven’t had the time to devote much here. But hopefully things will be settling down soon.
OK, here is the breakdown of my investment and side income for the month of March:
|Dividend Income (taxable brokerage account)||
|Interest Income (Capital One 360 Savings Account)||
|Interest Income (Lending Club)||
|Total Investment and Side Income for March||
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.
March was a great month for dividend payments. I have a few Vanguard ETFs that pay quarterly which produced a nice dividend income for the month. I continue to build my portfolio through continued investments. In March I initiated a position in Metlife (MET) and purchased more shares of the Vanguard High Dividend Yield ETF (VYM). With these additions, my estimated forward 12-month dividends from my taxable account stands at $1,773. 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.
I still 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. I noticed that it was recently announced that the threshold for PRIME has been lowered (again) to $2,500. If any readers are using PRIME, I would love to hear your thoughts. Is it something you recommend? I’m thinking with the lower threshold I might give it a try.
Churnin’ the Rewards Cards
As I mentioned in my last update, we met the minimum spending requirements for the Barclaycard which gives us $400 to spend towards travel expenses. We’re still working on meeting the minimum spending requirement for the Chase Sapphire card. After meeting the minimum spending requirement of $3,000 in 3 months, we’ll get 40,000 bonus points.
Most of this category is from Craigslist this month. We sold two carseats that my son had outgrown.
That’s it! Thanks for stopping by and reading. I apologize for being neglectful with my posts and comments on other sites.
Did you make progress towards your financial goals in March?