The Stock Market is back to their All-Time Highs again. One would have thought a global pandemic, a life threatening virus, would rupture the stock market for more than 3-5 months. As a dividend investing, striving for financial freedom, this has made my plans slightly difficult, due to low earnings and high valuations. Therefore, my wife & I have been Investing $500 weekly with Vanguard ETFs and we’ll go over exactly WHY!
July is in the books. We are officially in the second half of 2020 folks. Man oh man does time continue to fly! Each day, the stock market and economic news continues to surprise. The market seems to only head in one direction these days…up! Meanwhile, we continue to search and find undervalued dividend stocks to invest in, despite the surging market. After all, we need to conitnue seeing our dividend income grow as well, right? In July, our dividend income grew at a nice clip compared to 2019. Here is my July dividend income summary!
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!
