Vanguard Dividend Appreciation ETF (VIG): $2
General Mills (GIS): $7
GlobalXSuperdividend ETF (SDIV): $2
Kellogg (K): $7
Kroger (KR): $2
Clorox (CLX): $7
VF Corp (VFC): $2
Colgate (CL): $7
PepsiCo (PEP): $2
Northrop Grumman (NOC): $7
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Love those dividends
Vanguard Dividend Appreciation ETF (VIG): $4
General Mills (GIS): $7 (Roth)
VF Corp (VFC): $4
Kellogg (K): $7 (Roth)
GlobalXSuperdividend ETF (SDIV): $4
Clorox (CLX): $7 (Roth)
Kraft Heinz (KHC): $4
Colgate (CL): $7 (Roth)
Unilever (UL): $4
Northrop Grumman (NOC): $7 (Roth)
Normally, I pick a dollar number and just go down the row with it, but I figured there was no sense in just having that Roth money sit there. I can go to my (self-imposed) limit and still have the money go in faster than it's going out (this split thing is actually working pretty well while we're on that topic,) I don't have to worry about automated recurring buys, and I get closer to those full shares faster. Not a bad setup.
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It's a beautiful day to boost our forward income. Let's have some fun.
Vanguard Dividend Appreciation ETF (VIG): $3
General Mills (GIS): $3 (Roth)
Exxon Mobil (XOM): $3
Kellogg (K): $3 (Roth)
HP (HPQ): $3
Clorox (CLX): $3 (Roth)
GlobalXSuperdividend ETF (SDIV): $3
Colgate (CL): $3 (Roth)
NextEra Energy (NEE): $3
Northrop Grumman (NOC): $3 (Roth)
Exxon and HP broke the full share threshold, which is always fun. SDIV is interesting as it was a full share, but then they did a reverse split, so the share count dropped back down. It's a cheap one, though, so it won't take that long to regain it, but it's still a little annoying.
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Hard as it may be to believe, we are already 1/12 of the way through the year. January has come and gone, and as such, we take a moment to look back at the dividends that came in. This won't total won't come anywhere close to last month's humdinger, but we'll see how things went regardless.
Paramount Global (PARA): $2.45 (+$0.74 QoQ, +$1.72 YoY)
HP (HPQ): $0.19 (+$0.08 QoQ)
Kimberly Clark: $5.87 ($1.23/$4.64 IRA) (+$4.65 QoQ, +$4.70 YoY)
Iron Mountain (IRM): $3.82 (+$0.04 QoQ, +$0.18 YoY)
JP Morgan Exchange Traded Fund (JEPI): $4.58 (+$0.73 QoQ) (IRA)
Best Buy (BBY): $6.71 (+$0.09 QoQ, +$1.59 YoY)
PepsiCo (PEP): $5.27 ($1.82/$3.45 IRA) (+$0.04 QoQ, +$3.84 YoY)
McCormick (MKC): $0.05
Nasdaq 100 Covered Call ETF (QYLD): $0.19 (+$0.07 YoY)
GlobalXSuperDividend (SDIV): $0.13 (+$0.01 QoQ and YoY)
AGNC: $1.34 (+$0.06 QoQ, +$0.84 YoY)
Main Street Capital (MAIN): $0.19 (+$0.05 QoQ, +$0.16 YoY)
Realty Income (O): $3.74 ($1.50/$2.24 IRA) (+$0.14 QoQ, +$2.52 YoY)
Franklin Resources (BEN): $3.06 (+$0.14 QoQ, +$0.51 YoY)
Leggett & Platt (LEG): $1.84 (+$0.46 QoQ, +$1.40 YoY)
Stag Industrial (STAG): $0.13 (+$0.09 YoY)
Armanino Foods of Distinction (AMNF): $0.60 (+$0.30 YoY)
Invesco High Dividend Low Volatility ETF (SPHD): $0.15 (+$0.03 QoQ)
Campbell's (CPB): $4.10 ($0.40/$3.70 IRA)
Baird Aggregate Bond Fund: $2.21 (401K)
That brings the taxable sub-total to $26.25. That's up $8.80 from last year. It is down a bit from last quarter, but it's only a few cents and that's because a couple of stocks and ETF's paid last month instead. I'm good with it.
Retirement accounts brought in $20.82. Almost an even split.
Grand total comes to $47.07. Still short of that $50, but it'll get there.
Interest clocked in at $2.36.
In addition to the Robinhood buys (which you can read about here, here, here, and here) I also began my plan to buy 1 share of Realty Income every week. I nabbed 5 shares this month, so that's off to a good start. My daily VTI/Crypto/gold and silver buys are also chugging along pretty nicely. Best Buy debited my account for its monthly transaction, but the purchase hasn't gone through quite yet. I'm guessing that'll constitute a February buy. I kind of figured that was going to happen, but I'm still hyped to see it start growing.
Still need to update the portfolio. I'll get around to it at some point this month.
Don't want to jinx it, but so far 2023 seems to be off to a decent start. There's still a lot of year left, though, so we'll see how things play out going forward.
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Vanguard Dividend Appreciation ETF (VIG): $5
General Mills (GIS): $5 (Roth)
Exxon Mobil (XOM): $5
Kellogg (K): $5 (Roth)
SJW (SJW): $5
Clorox (CLX): $5 (Roth)
Schwab US Dividend Equity ETF (SCHD): $5
Colgate (CL): $5 (Roth)
Kraft-Heinz (KHC): $5
Northrop Grumman (NOC): $5 (Roth)
Both SCHD and SJW crossed the full share threshold. Exxon Mobil is freakishly close, but not quite there yet, next week. Other than that, we just keep chugging along.
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"Building wealth is a marathon, not a sprint"
You've likely heard or read this more than once. Wealth doesn't happen overnight. It takes years of effort and consistency. It's important to remember that because if you get impatient, you start making mistakes and shooting yourself in the foot. As great as it would be to envision your money moves as some sort of dramatic "Dragon Ball Z" style power up, that's just not how it works, at least not in the early to mid-stages.
While this is important to keep in mind while on your journey, one thing that I'm surprised doesn't get brought up more is the fact that it's a downhill battle. That is to say that the further along you go, the easier it gets. Compound interest starts to kick in, the dividend reinvestment snowball starts to get rolling, company increases have a bigger and bigger impact as your portfolio builds. Soon, you do start to see more drastic progress. It gets even better when you realize that it is just going to happen automatically going forward.
This applies to liabilities as well as assets. The longer you stay focused on eliminating debt, the easier it gets. The balances start to shrink, which means that the amount of interest that you get charged starts to dwindle as well. You start to see more and more progress as time goes on. Soon, you're eliminating entire payments from your monthly budget and improving your cash flow dramatically. Going back to the earlier comparison, it's almost like chucking off a set of weighted clothing during a fight.
Yes, building wealth is a marathon, but it's a weird kind of bizarro marathon where you start off exhausted and gradually get your energy back as you run towards the finish line. Maybe it's just me, but that's a nice little extra motivator. Knowing that the waters get smoother ahead does make it easier to hunker down for the short term and endure the rougher waves to ensure that you get to that point.
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