August is already in the midst of wrapping up and I have tallied my dividend income total for the month. Again, not a typically high month for me as a dividend income investor, but everything has been truly phenomenal and I am grateful for any dollar that I receive for efforts that I had placed in the past. That’s what the journey is about, to start seeing the fruit from the seeds being planted, weeks, months and years ago. August, thank you – let’s see what you brought in from the patch.
Last month Lanny beat me to the punch and unleashed an amazing $740 dividend income month in July. It was a tough act to follow, especially considering that I came close but fell short of beating him. While it is unlikely to happen again, there is one thing I can promise….I will get my article out first this month! That really is not the point here though. We write these articles monthly so we can track our progress and see how far along we have come in such a short period of time. We have been in the dividend investing community for nearly a year and a half now and writing this article each month never gets old. With that being said, let’s take a look at my August dividend income summary.
This week, I learned a valuable investing lesson that caused me to miss a great opportunity in the market. Luckily, this lesson did not result in a realized loss like lessons in the past, so I can’t complain too much. However, I did miss a golden opportunity to capitalize on Mr. Market taking a crazy turn (even more so than a few months ago). What lesson did I learn and how will I apply it going forward?
What a great time to come out with a dividend stock analysis, with the market taking a burn down, AGAIN. This has allowed other stocks to pop up on the radar and intrigues me to dig a little deeper on a few stocks. This time – we are going coast to coast, from country to country and I am getting geared up to have a nice little Fantasia on what Disney is all about. We all grew up watching Mickey, Minnie, Donald and the gang as a kid, now time to look at them again as an adult or a dividend stock investor. Let’s see what magic we can find here!
Last weekend, Lanny and I put together a watch list and man was I determined to purchase one of the two stocks I was watching. I know I couldn’t have gone wrong picking either of the stocks; however, I only had enough capital to purchase one. Which stock was it? Let’s take a look and find out.
I am very glad I have set a realistic, attainable goal this year and am churning my way to it. I remember last year, I was sprinting past my 2014 goals early and often, but this year definitely is different. This year is harder, this year is more strategic, this year takes much more effort than usual. My goal by the end of the year is to have a projected $6,750 in forward-looking dividend income, and well – this month has allowed me to reach closer to the goal, but to also cross a milestone along the path. This month events and activities have allowed me to Crush through $6,000 in projected dividend income!
Man oh man does it feel weird to be writing one of these articles again. Similar to Lanny, I had taken a few months off of writing an income and expense article for a variety of reasons. Through switching jobs again, traveling for my old job, and insert any life activity, time has been at a premium. Enough with the excuses from my end! While Lanny performed a 3 month income summary earlier in the month, I decided to forgo summarizing the last three months and instead focus solely on July. But don’t worry, I will update our Savings Challenge page to display the last 3 months since one of my annual goals is to defeat the Dividend Diplomats Savings Challenge 6 times this year! Let’s see how I performed in July.