The last month of autumn was a remarkable month. Our baby-daughter is growing well and giving us a lot of joy. She smiled for the first time and is doing it more often now which is amazing to see!
There were also some changes in the investing front. I finally managed to open an account with a new broker (Interactive Brokers) which has better commissions and dividend tax policies than my previous one. It should help me optimize my investments and boost my dividend income due to lower taxes. At the moment, most of my investments are still at my old broker but I am planning to move them over gradually.
Without further ado, let’s have a look at the numbers for November!
I received dividend from 4 great companies this month:
Second month of the quarter is the biggest in terms of dividend income with my current portfolio composition. It may not look much compared to other bloggers in the community but I am happy nevertheless to see the progress each month. It feels good to see that your money is working for you.
As always, I like to imagine what I could buy if I wanted to spend those dividends. I started making a budget and counting where our family spends money each month so it is easier to see what part of our expenses each individual payer could cover:
- $6.65 from AT&T would cover 20% of our Internet+TV bill;
- $4.52 form Procter & Gamble is 11% of what we spent on diapers (actually produced by PG) for our baby this month;
- $6.05 from Starbucks would fully cover what we spent for takeaway coffee this month or 17% of our overall “Eating out” expenses;
- $2.47 from Realty Income would cover 0.4% of our monthly rent.
I like to perform this exercise because it gives me motivation to keep saving and investing. Hopefully, one day dividends will be able to cover at least some of our expenses each month.
Let’s see how dividend income compares to November of last year:
Almost 50% growth is what I like to see. Of course, this is mainly due to very low base and the single purchase of SBUX earlier this year contributed to most of the growth.
What I like to do is to compare the growth rate to annual inflation. If I excluded the additional purchase of SBUX, the increase would have been 3% which is in line with the most recent inflation data in Lithuania (2.9%).
This is how my dividend income progress looks like since the beginning of 2016 when I started recording it:
Purchases and Portfolio Contributions
During November I contributed €600 to my investments account.
I used these and previous savings to initiate one purchase this month. I bought 8 shares of Illinois Tool Works (ITW) for $134.37/share (+$1.00 commissions) for a total of $1075.96. You may read more about this purchase here.
This month I also added €20 to my P2P lending portfolio.
None of my companies declared dividend increases this month so nothing to report here, unfortunately.
December should include at least a couple of companies with good news, so hopefully this section will not be empty in my next monthly report 🙂
P2P Lending Income
This month I received €7.46 in interest from P2P lending which is pretty much the same as last month. My loans portfolio currently consists of 57 loans for a total value of €664.78.
In total (after converting to EUR) I received €24.86 from passive income. This brings my total for 2018 to €236.74 which is very close to my goal of €240 that I set to myself at the beginning of the year. The goal looked optimistic when I started the year, so I am really happy to see that I am set to achieve it! 🙂
How was your month? Are you sharing any of the dividend payers this month? Are you set to achieve your annual goals with one month left? Don’t hesitate to leave your comments below and thanks for reading!