Well October has come and gone already so now it's time for the monthly dividend income update. My dividend income for the month of October is $336. As a comparison, my dividend income for Oct 2010 was $299. That means my dividend income increased 12.3% just from dividend increases alone. Take that inflation!
Just when things seemed to be returning to normal in world markets, they sure took a dive in a hurry. One of the best things about having dividend paying stock in my portfolio is that they recover so quickly due to the increased yield. Why wouldn't investors want to buy more stock when it's value priced and it gives a better return on your long term investment; it just makes sense.
I'm living proof that anyone can learn how to make their money work for them instead of the other way around. Hopefully my dozens of readers will learn a thing or two and enjoy their own journey to financial freedom.
2 comments:
Since you already keep track month to month, have you ever plotted your dividends on a graph? It might be rewarding to see with a visual representation of how far you've come since the beginning. Best part about dividends for me is how favorable they're taxed.
I keep track of them in excel and when I have enough years of data I will make a graph. Right now just comparing year to year and seeing the increases is reward enough for me :)
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