Two months ago I set in motion the basic foundations of a plan to generate an income stream from dividend investing, the aim to reach an income of $10,000 as soon as possible. For the initial plan read more here.
In addition the stock market added another $5 to my investment so as of yesterday my total investment is just over $166.00 (Rounded Down). Growth of 2.17%
The account has a projected dividend income of $6.09 for the year, but this will increase monthly as more dividends are put back into the account.
Also I have introduced a new stream of income from online advertising. This income will be used in addition to my amazon affiliate income to generate funds for further investment throughout 2020 and beyond.
I am also using the Spring Semester for studying Personal Finance at my local Community College. I have a long history of investing behind me, forty years of history. But there is always something new to learn in the subject and I think it is time to go to school and learn if I am doing as well as I could or if I am missing some really important information in my investing knowledge.
As Mark Twain once said "It's not what you know that what gets you into trouble. It's what you think you know for certain, that gets you."
So with a nice two percent rise in my initial portfolio, I will say thank you for reading and if you have found this post useful please like and share it with your friends and family.
If you would like to know why I love investing for dividend income read my blog at "The Investor".
Possibly leave a comment or question below. Happy New Year.
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| Cash Income |
My latest steps to Financial Independence
I initially funded the brokerage account with $50 then added another $110 in November, 2019. In December I received $2.16 in dividends which were re-invested in their stocks which added a few fractional shares and some units of Mutual Funds..
This income stream led to my investment increasing to $162.16
The account has a projected dividend income of $6.09 for the year, but this will increase monthly as more dividends are put back into the account.
Also I have introduced a new stream of income from online advertising. This income will be used in addition to my amazon affiliate income to generate funds for further investment throughout 2020 and beyond.
I am also using the Spring Semester for studying Personal Finance at my local Community College. I have a long history of investing behind me, forty years of history. But there is always something new to learn in the subject and I think it is time to go to school and learn if I am doing as well as I could or if I am missing some really important information in my investing knowledge.
As Mark Twain once said "It's not what you know that what gets you into trouble. It's what you think you know for certain, that gets you."
So with a nice two percent rise in my initial portfolio, I will say thank you for reading and if you have found this post useful please like and share it with your friends and family.
If you would like to know why I love investing for dividend income read my blog at "The Investor".
Possibly leave a comment or question below. Happy New Year.
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