Another month is in the books and it is time to report how it went for me. Let’s jump straight into it.
The first month of the quarter is usually the worst one for me but my recent purchase of Cisco should improve the situation. So let’s see what I received during October (as always, the amount is after taxes):
It’s not much but I am happy for the fact that I am receiving income from at least 2 companies each month now. In fact, this is the biggest amount I have ever received in October so far! I will do my best to increase the numbers going forward.
What I like to do is to think what I could buy for this amount which would be related to the company that paid the dividends. Cisco is supplier of networking equipment and systems, so its products are mainly used by companies. But since I am an IT engineer, maybe I could invest to a book for Cisco certification and improve my knowledge in networks! E.g. there is this book called “CCENT/CCNA ICND1 100-105 Official Cert Guide” which costs $31.99 (those cert guides are quite expensive, apparently). $6,29 that I received from CSCO would only cover 1/5 of that, so I would need to wait 4 more quarters to gather the full amount 😀 Of course, I am not going to do that and I will rather accumulate money in my investment account for another purchase.
Realty Income is the dark horse of my portfolio which keeps delivering a small amount of dividends each month. This company earns money from real estate so it would make sense to see what percentage of my monthly rent its dividend would cover. With EUR 2,02 ($2,37) this would only cover 0,37% of my monthly rent of EUR 540… Ouch! This isn’t very encouraging… But slow and steady wins the race, right?
Year on Year comparison
I can’t wait to compare October’s income with last year. This is how it looks like:
Wow, I really like the numbers here! It’s great how adding a single company changes the situation for a small portfolio. Unfortunately, the nominal increase is not amazing but I am still going to the right direction so I will take that. I hope I will have more months where I will see such spikes in comparison to last year.
This month none of my companies raised their dividends so nothing to report here.
Other Passive Income
I received EUR 4,41 in interest from P2P lending this month. I think this was the first month when I didn’t add a single cent to this platform. I only re-invested what I received this month. So the income only increased slightly from last month (was EUR 4,37 in September). My current active loans balance stands at EUR 320,21 and it is distributed among 18 individual loans. Again, I am not planning to add anything additional to this platform this month as it is already almost 10% of my stocks portfolio. I would rather invest into stocks if I gather enough capital.
In total (after converting to EUR) I received EUR 11,86 during October. This brings the total amount for 2017 to EUR 81,17. With two months to go, I shouldn’t have any problems to reach the round number of EUR 100 in total for 2017 which was my goal this year. I am already thinking what goal I should set for next year. I think I will at least double it to really try to get the snowball rolling!
How was your October? Did you reach any targets/milestones? Do you have CSCO or O in your portfolios? Let me know in comments below and thanks for reading!