Whats up guys, welcome back to the Dividend Mascot blog. Dividend income going strong for the start of the year. My goal of $325+ for the first Quarter of 2020 is looking really good folks. Ok so the market has taken a big hit recently resulting in a correction. I loooove it when markets go bloody red. You can make a lot of gains as the market recovers (all of my "boring" favorite stocks were on sale) and you can increase your dividend income very fast in a market correction. Capturing 52wk lows on your holdings. I told my followers on my Facebook page to stay focused and stay the course of contributing to solid dividend growth stocks. Alright guys so lets go over the dividend income ;)
Roth IRA
Total: $84.36
Taxable Account
Total: $28.79
Grand Total: $113.15 (not too shabby)
YoY: 52.74%
Purchases: 2 shares of MCD, 2 shares of KMB, 3 shares of RDS.B, 2 shares of PM, & 4 shares of VZ
Them Big Macs from McDonalds started smelling extra juicy in the kitchen, so i was able to get in on $190.59/share. Needed some tissue paper to go with my happy kids meal so i was able to pick up Kimberly-clark at a good price of $129.17/share, some pretty good entry lows for my "boring" stocks. I also want to hoard a bunch of barrels of oil from Royal Dutch Shell as it continues to bounce off its new 52wk low or break into a new 52wk low. I started contributing to my Roth IRA earlier then i planned because of this market correction. So im going to make one more purchase in my Roth, then go back into scaling my Taxable account up to $10,000 to $11,000. Once i hit these numbers, then i will officially be moving over to my Roth maxing out my contributions. (If the market goes crazy again then i will make a few quick purchases in my Roth IRA like i did for the month of February 2020)
BTW my heart goes out to all the victims of the Coronavirus. Stay safe out there guys. Thanks for stopping by and reading my blog update. Stay focused on your dividend growth investing goals, hope you all enjoyed and ill see you guys next time.
