This is update number two on my dividend account. This year, as many of you know was not an easy time to do anything for anyone. With the idea of income being lost from losing a job or a drop in business, I felt that I was unable to add as much as I wanted to this account.  

However, I did increase my account size. I was able to go from 12 stock holding to 23 holding (at the time of writing this post Cinemark and Disney have stop paying a dividend). It’s still a young account but I’m thrilled to say that I’ve made $39.25 YTD, meaning  I have grown my dividend income from $7.66 at the end of June to $39.25 at the end of December showing a difference of $31.59.  Taken at face value, this number over the course of a year is like going out to eat once, maybe twice.  

Looking at the long-term view, I have been given $39.25 from these companies just for holding their stock. I’ll take that payout over the interest that saving accounts are giving these days! Once you work out the math it comes out to around .02% of total portfolio value ($2144.42/$39.25 = .019). Regardless, that coupled with the market gains of all my shares makes for a total gain to be $582.80, giving a huge 37.32% increase on my account at the time of this post.  

I’m still not taking any of my dividend income as personal income, instead I’m reinvesting it back into those stocks using DRIP. I have another post detailing more about DRIP called “What is DRIP?  Dividend Reinvestment Plan.”

Concluding Thoughts: 

In my last post “Dividend Income for Q1 and Q2 2020”, I said I wanted to put $500 per month into the account, but since I was unable to do that with the uncertainty of my job, I felt the need to hold on to cash more than to invest it. My 2021 is going to be different, I found a 10K saving challenge and the money that I will be saving is what I will be using to buy stocks each week. 

Each week will be a different amount so the stocks that I buy/increase my positions on will be changing weekly, as well. 

Check out more about the 10K challenge that I’ll be doing in this post, “2021 road map”. It will go into detail about what I’m planning for this coming year and this blog. 

As always, have a great day and keep learning and moving towards your goals, never stop pushing!