I finished 2013 strong and it’s time to report my first dividend income for 2014! If you are new to the site, there are 4 years of dividend income in my dividend income page. You read that right! I have been posting my dividend income for 4 years and starting the 5th year now. During this journey, I have refined my strategy as well. You can follow my progression by signing up to my newsletter too.
January 2014 starts with a dividend income of $602.07. I am pretty pleased with my first month. Out of 31 stocks, I have 12 that DRIPs. Those 13 stocks have at least one share purchased with the dividends I earn from the company. This DRIP provides me with accelerate compound growth.
Related: Magic of Compound Growth
I still have the same number of stocks as I find I currently have enough stocks across all sectors. I add to my current position where necessary or completely switch out of a position in favor of another. The latter only happens if I can find a replacement that I would hold for a very long time.
Related: How Many Stocks Should You Hold?
I can tell you that I will earn at least $7,300 this year in dividends. I want to reach $8,000 and will need to add enough money to generate the difference. I have a few thousands in cash on the side right now. I am planning to buy bonds with it though … Not excitement here.
DISCLOSURE: Please note that I may have a position in one or many of the holdings listed. For a complete list of my holdings, please see my Dividend Portfolio.