Monthly Income Update: November 2011

 

Daily Dividend Investor Update

 

To my loyal Daily Dividend Investor readers: Please note that I have migrated the site over to a managed server located at: www.dailydividendinvestor.com

 

I will continue to update this WordPress site with duplicate content for a few weeks,  but you may want to check in at my new hosted location for all the latest content. I am also using a better – easier to read theme that I hope you’ll enjoy. Thanks for reading and following along and don’t forget to LIKE our Facebook page!

 

Thanks!

 

Neil

Monthly Income Update: November 2011

The DDI Portfolio does it again!

41 companies spread over a multitude of sectors including Oil Production, Real Estate, Consumer Staples, Pharmaceuticals and Telecom produced a total income for the DDI portfolio of $509.24 in Noevember.

With the exception of the passive income stream from the incoming dividends, the Daily Dividend Investor portfolio was fairly quiet in November – recording only one new purchase. Near the beginning of November I added 10 shares of Microsoft (ticker: MSFT) to the portfolio using the available cash on hand.

November News

November is the second month of the quarter which means I’ll be comparing it’s results to May and August looking back.

The good news for November is that once again the DDI portfolio exceeded the $500 mark in passive dividend income, marking the second straight quarter for month #2 to make it’s quota.

However, November was not strong enough to add on to the fantastic gains we had back in August when the DDI portfolio topped out at $527.18.

There were two holdings that negatively affected the results this month. Cal Maine Foods (ticker: CALM) has a floating dividend policy that is tied to the company’s quarterly results, as such this quarter was down slightly from the previous quarter.

Also, income from Sabine Royalty Trust (ticker: SBR) was lower this month due to the recent pull-back in oil prices at the beginning of Fall.

With signs of the economy strengthening, I expect both of these holdings to perform better in the months ahead.

Monthly Income Update: October 2011

 

Daily Dividend Investor Update

 

To my loyal Daily Dividend Investor readers: Please note that I have migrated the site over to a managed server located at: www.dailydividendinvestor.com

 

I will continue to update this WordPress site with duplicate content for a few weeks,  but you may want to check in at my new hosted location for all the latest content. I am also using a better – easier to read theme that I hope you’ll enjoy. Thanks for reading and following along and don’t forget to LIKE our Facebook page!

 

Thanks!

 

Neil

Monthly Income Update: October 2011

Just like a diet or a workout routine, when I look back over the last few months I continue to be amazed by the progress that the DDI portfolio continues to make with only small adjustments here and there.

Not only has the NAV (net asset value) of the portfolio remained fairly stable, the dividend stream continues to increase.

Since October is the first month of the quarter I’m most interested in comparing the results this month to April and July, the previous “first” month reports.

To say that I’m pleased with the performance of the portfolio would be an understatement, as October brought in $448.85 in passive dividend income! Compare that with $408.74 in July and $398.38 in April for an increase of over 10% from previous quarters.

I believe that I am now only a few months away from reaching my goal of $500/month in passive income. Because many of the holdings within the portfolio often increase their payouts, it’s only a matter of time before I can completely check this goal off my list.

Monthly Income Update: September 2011

Monthly Income Update: September 2011

When I look back over each month to calculate the total income, I am always amazed that so many “small” deposits (most less than $15) can add up so quickly.

September was no different, with 47 total deposits the DDI portfolio generated passive income of $567.67. That works out be about 1.5 total cash deposits per day, averaged over the entire month and the largest cash deposit since I started tracking the DDI portfolio on the DailyDividendInvestor.com blog!

The best news of all, is that the DDI portfolio generated $1503.59 for the 3rd quarter of 2011, bringing the average monthly income stream to over $500 per month, effectively exceeding my #1 short term goal!

Monthly Income Update: August 2011

Monthly Income Update: August 2011

Well even though the market has been showing signs of falling apart, the DDI portfolio knocked it out of the park and surpassed my $500/month income goal in August coming in with passive income of $527.18!

If you remember back to my post in May (May and August are both month #2 in the quarter), the portfolio fell just short of the $500/month income goal with a respectable showing of $499.90.

I have to say that I am very happy with the results as this not only exceeds the goal for this month, but provides some much needed  income cushion to make up for July’s sub-$500 dividend stream!

How to remove *RISK* from your portfolio

RISK – it’s such a scary word, especially right now.

We’d all like to remove risk, right? Nobody wants to think of their investments – their “nest egg”, whether they be in stocks, bonds, gold, real estate or fine art, ever going to $ZERO.

But we live with those fears everyday – some days more than others.

Wouldn’t it be fantastic to invest a dollar and know that you are GUARANTEED to not only to get your original dollar back, but also get a  monster return of 12% interest with no chance of  loss what so ever?

Of course there’s no such investment – no matter how large or small the rate of return is, because you can never remove RISK. Remember even CASH has a risk, as inflation eats away at your purchasing power on a daily basis.

A good friend of mine who audits banks for a living often reminds me,  “You can never REMOVE risk, you can only MANAGE it.”

So since you can’t remove risk, how can you manage risk? Read on…

Monthly Income Update: July 2011

Monthly Income Update: July 2011

Since July is the first month of the quarter it’s a “slow” month for dividends and once again fell a little short of the $500/month target I’ve set for the DDI portfolio.

With that said, the portfolio picked up a bit of steam and brought in $408.74 for the month of July which is about a 2% increase over April’s results.

Bought: Public Storage Preferred F – PSA.F

Bought: Public Storage Preferred F – PSA.F

After having my Wells Fargo Preferred (ticker: WSF) redeemed back in late April I had planned to sit tight on my new found cash and wait for a market pull back before redeploying any more funds. However, after reviewing my Investment Advisory Rules for the Daily Dividend Account I decided that I should put some cash back to work sooner rather than later.

WSF : Wells Fargo Preferred Redeemed – What to buy?

WSF : Wells Fargo Preferred Redeemed – What to buy?

I logged into my Daily Dividend Investment account and found that much to my surprise Wells Fargo has redeemed all of the outstanding shares of the Wells Fargo 7% Capital Preferred (Ticker: WSF).