My journey of becoming financial independence by 35 years old
2013 Dividend: $13.26
2014 dividend: $2618.90
2015 Dividends: Total: $3413.22
I might checking into lending club, but for now, I don’t have the time. I’ll also will buy another property to be closer to work if the price is right.
Dividend and interest for 2014 took a hit, and it didn’t make my mark, as I sold about $115k worth of stock to buy my 4-plex, which bring income about $1700/mon. The 4-plex was a lot of work at the beginning, but it’s turned out a better investment because $115k I can bring $1700/mo, it’s more than 10% return, compare to 2-4% on dividend.
Also, I didn’t start to have a blog to keep tract of my dividend therefore I was less discipline at staying on course to earn and grow dividend as I did this year.
1. I’ll use the monthly profit from rent to buy 50% BAC, JMP, WFC, and 50% Dividend stock, after the year, I should have 12 different stocks, so it will even out in dividends. Since I want a well rounded diversify profile, I’m not going to totally invest in dividend stock. I also want some growth stocks. In my opinion, this year, bank stocks will be explosive.
2. I was a non-believer in dividend stocks, but now I’ve changed my view when I see others do it. Please check out my blogroll for yourself. Even though they only have a 20-40 shares of each stocks, but they can still bring home $500-1000/mo. Accumulation and diversification will help.