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 to achieve.
I still have the cash proceeds from the previous portfolio to deploy in the next few months.
Currently it’s earning 5% in a saving account.
I sold out of some stocks at a small profit and the proceeds will be reinvested into monthly paying stocks and funds.
Stocks sold are IPL, WBC, RIO, NAB, BFL and ANZ.
Increased holdings are MOT, PL8 and QRI.
While I have no transaction costs buying under $1,000 selling has a minimum of $11 per transaction.
I added some REITs to the mix as they generally pay high dividends and they didn’t do too well.
I won’t be selling them out and I won’t be adding to my current holdings either.
And so here’s the current list of stocks in the portfolio.
| Company | Quantity | Cost | Market Value | Gain/Loss % |
|---|---|---|---|---|
| BHP | 44 | 1961.48 | 1947 | -0.74 |
| BANK OF QUEENSLAND | 179 | 997.03 | 1027 | 3.05 |
| CHARTER HALL LW | 545 | 1993.75 | 1754 | -11.98 |
| CROMWELL PROPERTY | 4000 | 2024.81 | 1480 | -26.91 |
| DXS | 125 | 1000 | 912 | -8.75 |
| FORTESCUE METALS | 95 | 1978.91 | 1913 | -3.3 |
| METRICS INCOME | 1500 | 4993.25 | 5141 | 2.97 |
| METRICS MASTER | 2472 | 999.5 | 1012 | 1.25 |
| NEW HOPE CORPORATION | 206 | 997.04 | 1308 | 31.2 |
| PLATO INCOME MAXIMISER | 6414 | 7996.82 | 7889 | -1.35 |
| QUALITAS REAL ESTATE | 1896 | 2998.69 | 3052 | 1.8 |
| RURAL FUNDS GROUP | 583 | 998.65 | 1028 | 3.04 |
| SOUTH32 LIMITED | 534 | 1994.47 | 1810 | -9.24 |
| WOODSIDE ENERGY | 29 | 985.71 | 1058 | 7.36 |
| WHITEHAVEN COAL | 173 | 995.62 | 1230 | 23.54 |
| YANCOAL | 219 | 998.64 | 1132 | 13.38 |
| 32970 | 33818 | 2.6 |