Three years and three or so months ago, my portfolio crossed the first six digit mark in it’s existence. Back in June of 2014, the dividend investment portfolio crossed $100,000 in market value. Now I never posted about the portfolio crossing $200,000, but something about $300,000 had a nice ring to it. It took me over 5 years to get to $100,000 and only 3.25 short years to triple that amount. I hope we all can take a pause to think about that for a second, as my article will be focused on HOW I was able to garner a $300,000 portfolio and how YOU can too. Check out how I was able to cross and crush through the $300,000 dividend stock portfolio mark!
By now, you have come across tens and tens, and heck maybe even one hundred sites that are dedicated to dividend investing. You have dissected the reports, seen figures that members are posting in the community, what stocks are being purchased & by whom, as well as in what dollar amounts & frequencies. If you’ve been to our website, then you have seen those items and have seen us post our income results each month and where we stand in our journey to financial freedom with the main catalyst of dividend investing. Instead of being “this thing” that investors and the community is doing, I wanted to pull a major, not the only, but a major driver from behind the curtain on the “why” we are dividend investing. To break it down in one painfully wonderful word, taxes.
Taxes. Oh taxes how I loathe you. Last year in 2016 for 2015’s tax year, you got the best of me and received a nice check at the last day possible. After that moment in Mid-April of 2016, I did not want to go down that path again. I therefore, did y researched, spent time soul-searching for days, weeks and months to come to a plan. Finally, I will say this – I believe this year I kicked Uncle Sam’s ass, and I will show you how!
I keep a copy in PDF of my portfolio every quarter, and have a deeper dive at 12/31, but this also provides a blog’d example of where I stand, so I can always refer back on the site the historical position of my portfolio. As we have done in the prior year, this post will be a review and re-cap overall of my portfolio, the contributions, dividend going forward, dividend received, what I can analyze from the current position, etc.. It’s always fun to see what the year compiled into one snapshot of all of the hard work that goes into it. I am excited to see where it stands and what can be done going into this new year! Let’s dive on in. Continue reading
BOOM! 2016 is officially closed, the I’s have been dotted and the T’s are now crossed. There has been a lot of progress, set backs and steps taken forward in order to achieve goals, have a balanced life and new experiences. I set lofty goals back in December of 2015 for my 2016 year and with the year turning a page to 2017, this means it is now time to reflect on achieving or not hitting the goals established for the year. Let’s see how I was able to perform.
Lanny said it best, the post election stock market has been crazy. A lot of industries that have been trading at a discount, financials and REITs for example, have soared while other stocks that have traded at highs over the years are approaching buy-able levels again. Recently, I was able to knock out one of my 2016 investing goals by crossing $3,250 in projected dividend income; now, I have another goal in sight….investing at least $20,000 in “New Capital” into the market. I’m ready to keep the pedal to the metal and take advantage of some more opportunities that Mr. Market has presented us. Time to check out my November Dividend Stock Watch List!
I’m starting with a disclaimer here. We could debate for hours the pros and cons of a Roth IRA; Heck, Lanny has written about both sides of the Roth vs. Traditional argument already…first about maximizing your Roth IRA contributions for 10 years and then writing about his plan to use a Traditional IRA going forward during the summer. What am I proving here? There is not a one size fits all approach and using a Roth or a Traditional account may (and should) change as your financial situation changes. This last week I experienced one of the downsides of a Roth IRA and I wanted to share it with all of you.