As set out in this post Building A $500 A Month 100k Stock Portfolio the plan is to put together a portfolio of stocks with the specific goal of earning $500 per month or $6000 per year.
After 4 months it’s starting to take shape with a few good dividend stocks that were bought during a dip and have now recovered.
It’s still early stages for the portfolio which is at about 35% of the final value and not sure how much dividends can be earned in year 1.
Coming from a trading mindset I find it difficult not to sell the stocks that have increased in value by over 40%. The portfolio has achieved the equivalent yearly growth of most ETFs in 4 months.
It has also paid it’s first dividends. Not much to rave about, pays for some coffee.
And I have not enrolled into any dividend reinvestment programs. The dividends will be paid into the Opentrader account which will be used to purchase more stocks as opportunities arise.
And here’s the portfolio for Dec 2021
| Stock | Cost |
| Ansell | $1982 |
| Appen | $1996 |
| Asia Technology Tigers | $2000 |
| Aurizon Holdings | $2001 |
| Bendigo Bank | $1991 |
| BHP Group | $1980 |
| Bank Of Qld | $1991 |
| Codan | $1985 |
| CSL | $2731 |
| Fortescue Metals Group | $2000 |
| Mineral Resources | $2009 |
| Rio Tinto | $3921 |
| Service Stream | $2004 |
| Washington H Soul Pattinson | $1986 |
| Westpac Banking Corporation | $1960 |
| Zimplats | $2051 |
| Portfolio Value | $34,588 |
The portfolio as a whole has increased in value which is great, though I will be ignoring capital gains for the time being as fluctuations and volatility is expected.
For some reason I ended up buying Rio twice, I had many windows open and can’t recall why. Good thing it’s increased in value and pays good dividends.