Friday, March 30, 2018
March Review / April Preview, 2018
Meanwhile, I am also working at saving cash all the time, in most every aspect of my life. So far the results are pretty ordinary, but given enough time the result will be extraordinary. Those results will be very rewarding and in spite of whatever political or economic action that may come - my path is directly forward with saving and investing. Living in the DC area I hear a lot of theorizing of how things can go. Most of that stuff is just noise, and I patiently disregard most of it, while personally mocking some of it.
This month I made one purchase, acquiring shares of the Bank of Montreal in my taxable account.
Last month I brought in a total of $380.58 in dividends ($156.97 taxable, $82.86 Roth, and $140.75 IRA). This is an increase from last year ($282.82 total) by 34.5%.
In terms of dividend increases, I realized* 11 raises from Amgen (AMGN), Archer-Daniel's Midland (ADM), Dominion Resources (D), Dunkin Donuts (DNKN), Eaton Corp (ETN), Union Pacific (UNP), Waste Management (WM), YUM! Corp (YUM), Prudential (PRU), 3M (MMM), and T-Rowe Price (TROW). The increases ranged from 4% to about 20%. I have now realized 18 raises thus far this year.
Next month I will realize five raises from the Bank of Nova Scotia (BNS), Canadian Imperial Bank of Commerce (CIBC), Coca-Cola (KO), Realty Income, and Walmart. The increases range from 0.2% to about 5.5%.
* I only count increases when realized, because until that money is delivered any statements or declarations are simply conjecture.
The mortgage continues, so at least part of our 'rent' counts towards our house. Our debts currently outstrip our assets. Outside of our house, we still have very low interest auto debt (1.9 and 1.5% for our cars). Both my car and house are receiving slightly out-sized payments monthly. We are effectively eliminating debt, while still building and assets. Even on just one income
The weather has gotten nice and I have 'recovered' some bike parts that might have gone missing thanks to someone who wanted bike parts at the end of last year. That means I will be riding my bike almost every day (I ride to my nearby commuter train station). Between riding my bike, having work cover my train cost, and keeping food costs very low - I am saving a ton of cash despite my wife having taken the year off to spend with our son. Once she resumes work our income will be outstanding, and our investments will benefit handsomely.
My next buy will probably be in May, but there is an outside chance it will come in April.
Next month should produce around $75 in dividends, which is a 6% YOY increase. The first month of each quarter remains a bit of a weak link on my dividend calendar.
My portfolio page is currently up to date.
Hope everyone has a great March.
- Dividend Gremlin
- Long all stock tickers mentioned