Building Wealth For Financial Independence and Retire Early
Updates on a stock portfolio with the goal of $500 per month of passive income
Dividends increased quite a bit for Nov 2023 after the big $45,000 investment in the monthly paying ASX listed stocks. Here’s the list and amounts. Total dividends received 530.97 As usual there are no Dividend Reinvestment Plans (DRPs) in place for these dividends.Therefore, all dividends will be manually reinvested. I have reached a first target … Read more
Big changes to the portfolio this month with the purchase of $45k in stocks that pay monthly dividends. After selling last year’s portfolio I had the funds in a savings account earning 5% as an introductory offer.After expiring it’s time to put the funds to work earning earning a little more. Sold down a few … Read more
I decided to take a plunge and buy a bit more stocks than I planned out this month October 2023. The funds were in a saving account earning 5% pa paid monthly which was a promotional rate and is now expired and reverted to 3.8%pa. What I bought is 4 stocks all paying monthly dividends. … Read more
In October 2023, I received dividends from the following companies: Please note that there are no Dividend Reinvestment Plans (DRPs) in place for these dividends. Therefore, all dividends will be manually reinvested. Total dividends received $138.36 Dividends to date Date Amount July 23 $77.20 August 23 $42.09 September 23 $190.84 October 23 $138.36 Total accumulated … Read more
I started out to build an income producing share portfolio 4 month ago and I’ll be sharing updates on how it’s going.Dividends will be fairly uneven for the first few months until the monthly payers are a significant part of the portfolio.The first goal is $500 per month and may take a few more months … Read more
These are the companies i received dividends from in September 2023There are no DRPs all dividends will be manually reinvested. WDS $36.05BHP $55.03FMG $95PL8 $4.40 Total dividends received $190.48 Dividends to date July 23 $77.20August 23 $42.09September 23 $190.84 Total accumulated dividends $310.13
Not a whole great deal but the stock income portfolio has paid a small amount of dividends for July. Amounts are gross dividends. No dividend reinvestment programs are active, all reinvestment of dividends will be done manually. MOT METRICS INCOME OPPORTUNITIES $7.98 PL8 PLATO INCOME MAXIMISER $6.32 RFF RURAL FUNDS GROUP $17.78 IPL INCITEC PIVOT … Read more
A few more buys during the month of July.The market has made some gains since I started buying which is great though could mean further buys will be at higher prices.A few exceptions have been BHP and S32 which I bought again. BHP 23 @ 43.12 for $991.76FMG 45 @ 21.78 for $980.10S32 177 @ … Read more
Second half of June has been a busy month with a few more additions to the income share portfolio.I made an error and only bought $535 of CMW using “quantity” instead of “value” on the buy screen. NB I will not be posting anything more than basic analysis for single stocks or ones that I … Read more
I will be building a long term income portfolio and sharing the process and some of the experience. The main focus of the portfolio is income though I also expect some capital gains over the longer term.Prices will always fluctuate and volatility has been high lately. My criteria for picking stocks to buy will mainly … Read more