July was another crazy month in the stock market. The market just continues to rise! Still, despite the rising market, I was able to find several undervalued dividend stocks to purchase during the month. While I didn’t invest the same amount of capital as Lanny in July (Nearly $4k), I was able to continue to add a decent amount of dividend income! Let’s jump right in and see what dividend stock purchases I made in July.
The fear of the coronavirus still spreads. Unemployment claims still in the millions. No deal is reached on the economic stimulus package, the HEALS Act, but yet the S&P 500 was up 5.5% in July. What a confusing and volatile stock market. However, dividend income continues to fuel the mission to financial freedom.
In July, we set another record for dividend earnings and it shows proof that dividend income is one of the best passive income streams. Time to dive into my July 2020 dividend income results!
Dividend Increases are the foundation of our plan to achieve financial freedom. We are looking to build a growing, passive income stream using dividends! The key word in the previous sentence is growing. That is why the two of us are always monitoring our company’s to see if they announce a dividend increase. Each month, we share this passion with all of you and write an article summarizing the previous month’s dividend increases and projecting the announcements in the next month. Here is the August installment of the “Dividend Increases Expected” series.
July dividend stock purchases were steady throughout the month. After May was slow, June picked up steam and July really brought back consistency do fueling the dividend income portfolio. For the second month in a row we were able to add triple digit dividend income, increasing our passive income source this past month!
Everyone want’s a million dollars, for the most part. Some may even have – making $1,000,000 a goal of theirs on their lifetime to do list. You haven’t been taught how to get there and your employer doesn’t really help you learn what you need to do to make, earn or generate a stock portfolio that is worth a million dollars. Every think about what it could take to build $1,000,000 in 15 years of saving and investing? What if I could show YOU that YOU can be a millionaire by following simple math and having dedication to the process? Continue reading
2020 is flying by! We have crossed the 50 yard line and are marching towards the endzone. Each month presents exciting new twists and opportunities in the stock market. June was no different! My wife and I found 4 companies to purchase during the month. This article summarizes our dividend stock purchases for June. See what companies we purchased that allowed us to add $58 in forward dividend income.