While my step count gradually increases, the stock market has taken a recent nose dive. I think this has been a long time coming, no growth has been historically maintained forever (even if China thinks they can do it today). Sure enough, history shows this repeated boon / bust business cycle over and over again. There are always numerous causes for success or failure, the only thing that seems to change is new triggers that cause the next economic downgrade. Anyways, time to start taking advantage of these prices, especially in the coming month(s).
This month I made one purchase adding by adding acquiring shares of AT&T (T) in my taxable portfolio. I also sold all of my shares of General Electric (GE) at a loss with their announcement of a dividend cut (essentially all but elimination). My GE move merits a longer write up, but I don't have time. So suffice to say, GE is beyond frustrating and reminds me of a train wreck. "Since the dawn of train man has loved train wrecks" - save for if you are invested in that wreck.
Last month I brought in a total of $95.72 in dividends ($76.22 taxable, $9.5 Roth, and $10 IRA). This is an increase from last year (68.22 total) by 40%.
In terms of dividend increases, I realized* three raises from Bank of Nova Scotia (BNS), Canadian Imperial Bank of Commerce (CM), and Realty Income (O). The increases are from 4% to about 19%. I have now realized 43 raises thus far this year.
Next month I will realize three raises from American Express (AXP), Royal Bank Canada (RY), and Verizon (VZ). The increases are from about 2% to about 11%.
* I only count increases when realized, because until that money is delivered any statements or declarations are simply conjecture.
The mortgage continues has started to see more cash flowing towards the principal - not a huge number, but every little bit counts. Our debts currently outstrip our assets (I choose not to count the house as an asset). Outside of our house, we still have very low interest auto debt (1.9 and 1.5% for our cars). My car is getting paid at doublish time, and I suspect I can finish it off within 10 months from now - which will be nice because I plan on keeping that car for 20 years. Debt is being eliminated, and we are still building and assets. A second income goes a long way.
November should be slow, and the holidays should help that. My next purchase will be in November, I hope this market maintains its current unpredictable course, since who doesn't like bargain?
Next month should produce around $265 in dividends, which is a 10% YOY increase.
My portfolio page is currently up to date.
Hope everyone has a great November.
- Dividend Gremlin
- Long all stock tickers mentioned, except GE