Welcome back fellas, to the new and improved dividend blog. My new official blog name is "Dividend Mascot", those two words basically described my entire blog from the very beginning to now. I decided to keep the classic name on the Facebook page but under the username @dividend.mascot. Alright alot of great things has happens during the month of May. Ive hit another monthly record AGAIN times 2 baby, and ive came up with a new dividend compounding strategy to grow my income even faster. Looking back my dividend income has increased at a pretty good rate but ive came up with a mathematical way to have it grow even faster. Before ive mentioned just buying more of your current holdings will grow your dividends much faster then to keep on diversifying, but that just hits the surface of my new strategy ;) but lets go over the dividend income first.
Without further or do lets get to business
Total: $56.17 (hits the dab, new record times 2 baby)
YoY: 251%
NEW PAY DAY RECORD: $37.05 (5-15-18)
Purchase: 4 shares of KMB
Didn't i say if i just keep on scaling up on all my current holdings my dividend income would grow faster, well there you go :) Ok so i have surpassed the $50 mark, everything is looking good so far. I have around a 70% chance of hitting $75 this year. As usual my plans are still on auto-pilot, which means ill be buying more shares of my current holdings.
College/Education
I should add in that my plans with going to college to learn the skill trade of aircraft mechanic did not work out unfortunately, i lost my morning shift due to higher seniority and had to go back to my old afternoon shift for the next 3 months. In order for my plan to work i had to work in the morning then go to my classes in the afternoon but i was smart to wait until the shift bid happened at my job to see if i was able to keep my morning shift. Im a little disappointed but oh well maybe next time, i guess this means i have no other choice then to get back into my old groove again guys. Pushing upwards of $1,000 invested within the month ( cracks knuckles & back) like the good old days =). Ive been in cruise mode this whole time, i think its time to get off the bench and get serious again.
DRIP Strategy Mark II
So my DRIP strategy started off simple by just buying more of your current holdings, but i noticed that im not really pushing my portfolio to its full potential when it comes to the DRIP compounding rate. So in May i constructed a new compounding strategy to where i scale up my holdings to compound by 1 share a year, then i move on to another stock leaving the stock thats buying 1 share a year alone. As you can see on the chart, you will noticed some stocks are in green and theres 2 columns in gray. The stocks highlighted in green are complete, which means there compounding by 1 share a year i use even shares to keep it neat (no compound interest added). The 2 columns in gray is the core of my compounding formula, I pay attention to the DRIP ratio's of my stocks (how many shares or how much it cost to compound by 1 share/year) the stocks with the highest DRIP ratio's will be funded first while the stocks with the lowest DRIP ratios will be done. The higher the ratio the lower the cost, the lower the ratio the higher the cost. By the time i get 100% of my portfolio compounding by at least 1 share a year, the stocks i left alone earlier could be compounding by 5 or even 10 shares a year by then. By doing this ill have a much better snow ball effect for my dividend income. As of right now i would like to have 25% of my holdings compounding by 1 share a year by the end of 2018. 2019 will be 50%, 2020, will be 75% and 2021 will be 100%. Who knows i may hit 100% earlier, this ladies and gentlemen is my DRIP strategy Mark II. Ignore BP, and RDS.B there just in there in case i diversify into those stocks. My 30 year old self 7 years into the future will greatly appreciate this, this strategy will better my odds of hitting $1,000 a month in dividends by my 30th birthday, by then the portfolio will be DRIPPING LIKE CRAZY. So heres a little message to my older self 7 years into the future..........."Your welcome" =) (gives older self a firm handshake through a time portal lol)
What it felt like putting this strategy together =)
The enthusiasm Tony Stark has for building his iron man suits is the same kind of enthusiasm i have for building my portfolio =)
Well as always got to end my blog with a lovely celebration song to surpassing $50 and hitting another monthly record again. We are now at the half way mark of 2018, im really enjoying the market this year. Im a big fan a bear markets, because i love grabbing them cheap prices =)
Press Play =)
(gotta love them dance moves)
Well thats it for this update guys, hope all of your dividend portfolios did well in May. There is alot more to talk about but ill continue in the next update. Ill be discussing my plans with my new Individual Taxable brokerage account i created with Vanguard =) so now i have my Roth IRA which is my main, then my taxable account which will be my secondary both together with Vanguard. I will discuss more on that in the next update, hope you guys enjoyed this update, keep on stacking them sweet dividends and ill see you guys next time =)
