Friday, January 29, 2016
January, Review / February, 2016 Preview
In more fun and less serious news, I finally saw the new Star Wars movie. It was much better than the new trilogy, not better than the original trilogy, but was entertaining nonetheless. I've also kicked off the year by listening to a new Podcast. This year will be a great year for entertainment as a whole. I will take a (cost reduced) trip to Europe this summer, the Olympics will happen, and my favorite sporting event, the European Football (Soccer) Championships, will take place. All of this will keep my eyes and mind busy, but my portfolio and pursuit of FI will continue. The march towards FI is a long one that must be consistent, persistent, and irresistible despite being surrounded by heavily consumer culture that wants you to buy everything and is always looking to waste your cash. Outside of trying new beer and wine, they have a tough sell with this guy right here.
I was able to put $556 to work in Loyal3 over the course of last month, so that was a good start. I also initiated two new positions in Ameriprise Financial (AMP) and Discover Financial Services (DFS) both in my Roth IRA account.
Last month I brought in a total of $75.76 in dividends ($49.41 taxable , $26.35 Roth). This is an increase from last year ($70.04 total) by 8.17%. This is a little more than I had expected, which is pretty cool. 2016 should build upon the improvements to quality positions that I started last year.
In terms of dividend increases, I realized one this month from Realty Income (O) of approximately 0.26%. I find this growth to be the best kind, as it happens with no extra effort or investment on my part.
Next month I will realize 2 dividend increases: O and AT&T (T). The increase from O is almost 5%, which is simply fantastic. I had not expected anything beyond O's normal quarterly increases, and here they go again blowing up the spot. Got to love that. T's increase is in the 2% range, not a lot to get excited over, but the fact is they are steady and can be counted on to add one penny per share each quarter every year. I can live with and appreciated that approach.
Sadly, I will also live with Kinder Moragn's (KMI) 75% dividend cut. I will be selling KMI at some point, just when though is undetermined.
Our only long term debts are our cars and my wife's student loans, and her loan won't last the year. I continued this month to throw some extra money at her student loans. If we paid her student loans at the minimum rate it would take around 2.5 years to finish otherwise. I have already gotten ahead on my monthly payments on my car and that will not stop as well. Her student loan should be finished as early as May or as late as September.
Next month should produce around $67 in dividends, which is a 8% YOY increase. On the Loyal3 front I will probably invest $500 on existing and new positions. I am trying to pump up our safety net savings a little bit on the side as well, which is the reason for the slight edging down of Loyal3 investing.
My portfolio page is currently up to date.
Hope everyone has a great February!
- Dividend Gremlin
- Long all stocks mentioned