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 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.
June was an interesting month in the market. Dividend cuts continued to slow, despite a few surprise dividend cuts. Economies continue to reopen and the weather continued to get better. Still, the economic and political environments remained as tense as ever. The Federal Reserve announced major restrictions on bank dividends and share buybacks for the first time since the Great Recession. I know we have all felt impacts to our dividend income!
Despite all the madness and intensity, there is one constant that will never change: dividend income. The dividend checks continued to roll in. The third month of the quarter is always exciting since the majority of companies, and mutual fund families (such as Vanguard), pay their dividend. Many dividend bloggers produce their best passive income results during the quarter-end month!
Everyone is interested in creating a form of passive income. However, I am here to talk to you about the easiest passive income source that you can start, today or now, if YOU wanted. Further, it does not have to be time nor capital intensive as others make it out to be. As our Dividend Diplomats name suggests, dividend income is the easiest passive income source and here are 5 reasons why! Continue reading
There’s no sleep for the investor on the road to financial freedom! Dividend stock purchase activity was much better in June than May, as the stock market provided better opportunities. We were able to add triple digit dividend income, increasing our passive income source this past month!