Whats up fellas, welcome back to the "lets get that sweet dividend money" blog........nah just kidding. Welcome to the Dividend Mascot blog guys, even when im 40+ years old in the future, ill still be using that nickname within the dividend growth community. Anyways guys so as usual im being extremely aggressive pushing the portfolio to new levels. QCOM (Qualcomm) is my star holding of the week with massive capital gains, (first holding to surpass $1,200+ in total gains) most likely from the 5G movement and with there involvement in the development of phone chips with APPL (Apple). If Apple stock has a strong rally then Qualcomm stock will basically copy and have a nice rally as well. QCOM up 18+% in the last 5 days (7/30/20 to 8/3/20) as well as APPL up 14+% in the same time frame. Anyway guys lets go over the dividend income.
Roth IRA
Total: $90.10
Taxable Account
Total: $35.39
Grand Total: $125.49
YoY: 32.27%
Purchases: 5 shares of VZ, & 3 shares of ED
The Taxable account has surpassed $10,000+, like litterally the fastest $10k i have ever built compared to the Roth IRA first $10k. It was like pressing "saved game" button on the Roth IRA and then pressing "start new game" button for the Taxable account. The difference was i started the account with all the experience i gained from building the IRA. The more experience you have the faster you grow your wealth. So ive said before once i hit $10k on this account ill transition back over to max out the Roth IRA. Im just going to top off all 4 of my holdings of VCLT, PM, ED, & VZ. With PM, ED, & VZ all 3 spinning off a healthy $30+ dividend payments so when im not active on the account, the compound interest is big enough so that in a way its managing the account by itself 😉. ED is already set and done to payout a $30+ dividend, so once VZ & PM are set ill throw the left over or a few hundred at my bonds (VCLT) then im done with Taxable account for the rest of the year.
Also i must add that my yearly projected dividend income is now over $1,500+ (on flat shares no added interest, like 20.000 shares for an example), this projection was calculated on google sheets using flat shares on purpose to not only underestimate the yearly income, but to also cause myself to push the portfolio even harder than i anticipated. Its like dividend investing on hard mode, no compound interest unless the interest has accumulated a whole share then ill add 1 share to the stock.
Well guys that should be it for this update, if you want to see my entire portfolio just click the "portfolio" tab above. Alright guys, keep stackin that sweet dividend money and ill see you guys next time 😎.
