Vanguard S&P 500 ETF (VOO): $2
Clorox (CLX): $7 (Roth)
Lockheed Martin (LMT): $2
Northrop Grumman (NOC): $7 (Roth)
General Dynamics (GD): $2
Schwab US Dividend Equity ETF (SCHD): $7 (Roth)
Paychex (PAYX): $2
Exxon Mobil (XOM): $7 (Roth)
Emerson (EMR): $2
Vanguard High Dividend Yield ETF (VYM): $7 (Roth)
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Dividend reinvestment is one of investors' most potent weapons. It is also often said that taxes are an investment. Like stocks or crypto, the quality of these investments can vary in quality. Some work out very well, others...not so much.
It would be interesting to see what would happen if you combined the two. Now, the government doesn't pay dividends, but a lot of people do get money back come April after filing. This is money that could possibly be "reinvested". I mean, the government is scrambling for cash due to decades of bad fiscal policy. They're eliminating deductions, raising rates, I even read a while back that they unloaded a substantial amount of bitcoin. I'm not sure when or how the government got their hands on any bitcoin, but there you go. This would be another layer in that endeavor, and it would be a pretty simple one at that.
Now, you might be thinking, "nobody's going to do this". Well, there is one incentive that might draw the eye of both liberal and conservative alike: you get to decide where the money goes. This was one of the major perks of Andrew Yang's presidential platform. The only problem was that his setup only allowed you to allocate 1% of your tax contribution and you were limited to one program. This gives you more options and more capital to play with to move society forward. Congress had its chance, now it's your turn. If you want to fund NASA, schools, infrastructure, healthcare, Space Force, foreign aid, or Social Security directly, or just give the government some breathing room by throwing some cash at the debt, you would now have the capability to so. You could even be given the option to specify whether you want this to cover already existing spending (ie deficit reduction or covering unfunded liabilities) or to be put towards additional funding.
This could also allow for greater accountability, as a government organization that wastes or loses a portion of its funds isn't likely to draw people in to fund their program with reinvested dollars in the future.
Now, this wouldn't be an all or nothing deal. Some people rely on that return, so an individual could keep a portion and reinvest the rest depending on what their budget is, should they so choose. They can decide what ratio works best for them and move from there.
Will this ever happen? Doesn't seem likely. Still, the government does like (and really need) money and people do like the idea of funding stuff, so, win/win?
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Vanguard S&P 500 ETF (VOO): $2
General Mills (GIS): $7 (Roth)
Hormel (HRL): $2
Clorox (CLX): $7 (Roth)
Chevron (CVX): $2
Northrop Grumman (NOC): $7 (Roth)
Unilever (UL): $2
Schwab US Dividend Equity ETF (SCHD): $7 (Roth)
PepsiCo (PEP): $2
Exxon Mobil (XOM): $7 (Roth)
Click here to open an E-Trade account
Vanguard Utilities ETF (VPU): $2
General Mills (GIS): $7 (Roth)
VF Corp (VFC): $2
Clorox (CLX): $7 (Roth)
Lockheed Martin (LMT): $2
Colgate (CL): $7 (Roth)
General Dynamics (GD): $2
Northrop Grumman (NOC): $7 (Roth)
Kraft-Heinz (KHC): $2
Schwab US Dividend Equity ETF (SCHD): $7 (Roth)
Click here to open an E-Trade account
Click here to open an E-Trade account
The first quarter of the year is over and it was...bumpy. The craziness just won't stop. I'm holding the line fairly well, all things considered. I keep reading about how dire things are for a lot of other people and how they're draining savings and running up credit card debt. Haven't had to resort to that, thankfully, but it's no cake walk. In tumultuous times, you turn to your port in the storm; which, in this case, is dividends. That's right, this is money companies pay you even if you don't work for them. It's a pretty sweet arrangement. I've been tracking them for some time now and it is, once again, time to log the numbers for the past month. This being a quarter end, it's a highlight for most investors. For a while, the mid-quarter was my shining month, but the tide has turned the past few quarters. Will that trend continue? Let's find out and dive right in.
Kroger (KR): $1.79
SJW Group (SJW): $3.84 ($0.80 taxable/$3.04 IRA)
Intel (INTC): $0.41
J.M. Smucker (SJM): $0.20
Nasdaq 100 Covered Call ETF (QYLD): $0.40
Pfizer (PFE): $1.30
Johnson & Johnson (JNJ): $0.66
J.P. Morgan Exchange Traded Fund (JEPI): $3.29 (IRA)
Microsoft (MSFT): $0.04
AGNC: $1.36
Chevron (CVX): $0.47
IBM: $0.18
Emerson (EMR): $0.33
Exxon Mobil (XOM): $8.35 ($2.89 taxable/$5.46 IRA)
Target (TGT): $0.44
Yum: $0.19
Sherwin Williams (SHW): $1.21 (IRA)
Scott's Miracle Gro (SMG): $7.92 (IRA)
Walgreen's Boots Alliance (WBA): $1.55
GlobalXSuperdividend (SDIV): $0.25
3M (MMM): $0.49
Realty Income (O): $5.81 ($3.52 taxable/$2.29 IRA)
Wendy's (WEN): $2.67
Northrop Grumman (NOC): $0.13 (IRA)
Kellogg (K): $0.29 (IRA)
ConEd (ED): $0.83
McDonald's (MCD): $0.44
Stag Industrial (STAG): $0.13
NextEra Energy (NEE): $2.95 ($0.14 taxable/$2.81 IRA)
Main Street Capital (MAIN): $0.43
Hershey's (HSY): $2.07 (IRA)
Flower's Foods (FLO): $1.49
VF Corp (VFC): $1.78
Unilever (UL): $0.26
Vanguard High Dividend Yield ETF (VYM): $5.10 ($0.80/$4.30 IRA)
Stanley Black & Decker (SWK): $4.80 (IRA)
Home Depot (HD): $4.18 (IRA)
Lockheed Martin (LMT): $0.45
Invesco High Dividend Low Volatility ETF (SPHD): $0.15
Schwab US Dividend Equity ETF (SCHD): $4.80 ($0.62 taxable/$4.18 IRA)
Vanguard Total Market ETF (VTI): $5.99 ($2.06 taxable/$3.93 IRA)
Vanguard Dividend Appreciation ETF (VIG): $0.73
Vanguard S&P 500 ETF (VOO): $3.40 ($0.43 taxable/$2.97 IRA)
iShares Core Dividend Growth ETF (DGRO): $3.89 ($0.31 taxable/$3.58 IRA)
Vanguard S&P 500 Growth ETF (VOOG): $0.09
Vanguard Utilities ETF (VPU): $0.57
Vanguard US REIT Fund (VNQ): $0.82
Domino's (DPZ): $0.11
Wisdom Tree (DON): $0.11
T. Rowe Price (TROW): $4.88 (IRA)
Baird Aggregate Bond Fund: $3.43 (401K)
DFA US Small Cap: $2.12
Whew, that's a doozy. Ok, so the sub-total for the taxable income that can be used today came out to $32.69. Not too bad. The retirement income came out to $66.87. That brings the grand total to $99.56.
Gah! So close! You're killin' me, Smalls, killin' me softly. Actually, I'm happy with that number overall. We're starting to see momentum building.
Interest clocked in at $2.97, so the overall passive income total does cross the 3 digit threshold. Next quarter end is a lock, though
You're can already see the effect the Realty Income and VTI buys, which is kind of neat.
Speaking of buys, I maintained my plan and also made some buys on Robinhood (which you can read about here, here, and here. I also threw in an impromptu buy for a share of Westrock (WRK). Publix also kicked in with its PROFIT plan and 401k match. I missed out on it last year, so it was nice to see it juice up the balance sheet again. You can see the fairly recently updated portfolio post here.
While 2023 is living up to my prediction, the quarter end continues to shine. It's good to see progress being made. Just have to keep pressing onward.
Click here to open an E-Trade account
Vanguard Dividend Appreciation ETF (VIG): $2
General Mills (GIS): $7 (Roth)
VF Corp (VFC): $2
Kellogg (K): $7 (Roth)
Target (TGT): $2
Clorox (CLX): $7 (Roth)
NextEra Energy (NEE): $2
Colgate-Palmolive (CL): $7 (Roth)
Papa John's (PZZA): $2
Northrop Grumman (NOC): $7 (Roth)
