Well my journey of dividend investing was off to a good start in 2010. I made some mistakes and strayed from my strategy, but I learned my lesson and recovered fairly well for a novice investor. I now have a concrete strategy and I am determined to stick with it.
I am very passionate about dividend investing and I created this blog to share my knowledge with family and friends so that they could see how easy and effective self investing can be. The Loonie Bin has been a great medium for sharing my passion for dividend investing with others and I am very happy with how it has turned out. I am not a professional writer nor am I an accredited adviser. There are thousands upon thousands of financial blogs on the Internet and I have no intention of trying to compete with any of them. I will never have annoying ads or linked words because it's annoying and it makes finding the information in a blog very difficult. I have a small following and I'm very content with having a small following. The only payment I receive from this blog is the satisfaction of helping others learn about dividend investing. With that being said, I have deviated from my initial approach of adding humor to my posts to set me apart from the thousands and thousands of other investing blogs and in future posts I hope to remedy this. Yes, there are way better blogs out there, but somehow you ended up here. Lucky you!
Anyways, on to the good stuff.
After transferring and selling my existing mutual funds in the first quarter of 2010, I purchased quite a few shares of dividend paying companies from across the board. My total dividends from the second quarter worked out to be $2500 per year. After pooling the dividends with contributions through the rest of the year, my dividends total for Jan 2011 is now $3038. I am very happy with the progress of my dividend income and can't wait to see what 2011 will bring.
I will be posting my updated stock list this Friday with a few more companies and some added features that should help take the guess work out of choosing the right companies to invest in.
To my dozens and dozens of readers: What are your total dividends going into 2011?
11 comments:
@Addicted - I liked this:
"I am very passionate about dividend investing and I created this blog to share my knowledge with family and friends so that they could see how easy and effective self investing can be."
"There are thousands upon thousands of financial blogs on the Internet and I have no intention of trying to compete with any of them. I will never have annoying ads or linked words because it's annoying and it makes finding the information in a blog very difficult."
Well said, I feel the same.
You have an excellent list of companies there. I need to diversify more, like you did/have.
My unofficial dividend goal for 2011 is over $4,500. We passed the $4 K mark in 2010. We'll see :) I have other more concrete objectives for 2011 than this one. You can check those out on my blog.
Keep up the good work.
Mark
Hello! Love your blog and find it very informative. Keep up the good work. My 2010 dividend total was $3032. Hope to buy some more stocks this year.
Thanks guys. I like the dividend totals you both have, keep it up.
Ya divies are the only way. I've got our TFSA's full of div stocks and keep topping 'em up every Jan from our taxable account.Sorry Mr Flaherty! With regular withdrawals for income I was able to add an extra $2770 to ours TFSA's this month. The real beauty of div stocks is back checking and seeing that they payed regularly right thru the 08/09 crash. That's the #1 reason I'll never have a Growth stock in my portfolio.
This shout goes to you and all of the other bloggers on dividend investing - thank you for further motivating me! I am a 22 year old graduate student and began investing in 2009 (Roth IRA) but saw the late early last year of 2010 on dividend investing. I truly appreciate your blogs and posts and as it keeps me going to keep increasing my dividend income annually. Keep it up and thank you!
-Lanny B.
Didn't post my goals - Currently my 2011 Dividend Income Stream stands at $261. I want this to be over, in the least bit, $500 by 12/31/2011. I hope to achieve this by buying additional stock, DRIP and dividend increases!
Stueegee:
Amen brother Stueegee! Preach on, preach on!
LRB3123: What I wouldn't give to be your age with what I know now. I'm glad you will have a very comfortable retirement!
Thank you!! It's all about setting goals and making sure you are making actions that bring you closer to them. I wish I would have invested at age 16 like you though! Can't wait to read more articles.
-Lanny B.
Hey guys. I'm 21 finishing my undergrad and started investing in October 2010. My current dividend stream is $477. I don't really have a goal in mind. Now that I have some investments made and the wheels turning I'm just sitting back waiting for a good deal whenever I can get one.
Hi Guys: I am new to the Blog. I am currently retired and 57. I started late in life investing but learned along the way after being fed up with mutual funds.
Anyway I am currently reading the The Investment Zoo by Stephen Jarislowsky. I only wish I had read his book earlier in life!
I enjoy everyone's comments and stock suggestions. I found one site I use to compare stocks at http://www.dividendinvestor.ca/ which you may find of interest.
I look forward to your investing ideas!
Never to old to start!
Dannyboy
Welcome aboard Danny! I really enjoyed The Investment Zoo as well. Jarislowsky is a very wise man.
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