Dividend Update October 2020

 

What's up guys it's ya boy Dividend Mascot coming back to you guys with another dividend update. Before I say anything, I just want to say thank you for the comments on Facebook and on the blog itself. (Kept forgetting to type that down on my blog lol) Alright, so this marks month 2 of no investing........I'm looking around like " so this is what life is like without investing?"............it sucks lol 😑. The good news is that I'm already at $3,000 in savings out of $5,000 in my savings plan. I did say it wouldn't take me that long for me to hit $5,000 in savings, but I'm getting bored though. So let's play a little game, so on $12.67hr let's see how fast someone with ruthless determination can hit $5,000 in savings. Getting back into my double shifts again (16 hours). What's really important about all of this is that before you even think about putting in your 2 weeks notice to get into a serious career you should ALWAYS save a good amount of $$$ to the side to provide that cushion. It sucks though because the market is dipping like crazy right now like the DOW is at like 26,000 ~, I'm seeing soo many buying opportunities. It's alright though I'm just chilling playing video games all day while making passive income so it's not that bad, not actively investing. Dividends are being reinvested during all of this so it's all good. Alright, so let's scroll through the dividends below. 

Roth IRA

Total: $94.17

Taxable

Total: $41.02

Grand Total: $135.19 (😴😴)

YoY: 27.98%

Purchase: N/A (marks month 2 of no investing........I'm getting  bored lol)

So I made $135.19 in dividends while playing Destiny 2 on my Xbox one.......not bad (i plan on getting the PS5 if you were wondering). Anyways the taxable account has hit a new record surpassing $40+......not bad as well. Since there's not much more to discuss in this blog post ill add some more info on my plans with the taxable account. So once I max out the leftover Roth IRA contributions for 2020, most of my focus will be on taxable account moving forward. The Roth IRA will still receive contributions on the side, but I won't be stressing over maxing it out every year (at the end of the day ill still be aggressively investing). By then ill in my new career making waaaaay more than I ever have in the past, so building that taxable account is going to be my main focus by then. See, this how I view things..........the Roth IRA is like this time capsule passive income retirement plan for the 59.5-year-old version of myself, and the Taxable account is like this custom made semi-retirement passive income plan that I can tap into whenever I want. I love the fact that there's no limit to how much I can contribute to the account. Some of you guys have seen since the beginning what I've achieved off of $9.25/hr to $12.67/hr.........and as I get closer and closer month by month to getting my CDL license I always have this question rolling in my head. What would happen if I was given a $65,000/year and up income, driving a full-size semi-truck across the United States stacking my money back to back? Because ill be out on the road several weeks at a time. Just imagine what I could do with investing in that situation. My honest answer is......I don't know. We will have to wait and see 😉.

Well, that should be it for this one folks, I just love coming on here laying on my couch just talking about investing and life. Well tomorrow is Election Day for the United States presidency. So let's see how the market reacts as we go through November. As always guys, stay safe, stay motivated, achieve whatever you want in life, and ill see you guys next time 😉.