Time for a mini-vacation at the lake…

wake setter malibu daily dividend invstor passive income buys time offThings are looking good!

The DDI portfolio is cruising right along generating passive income of  $283.89  month to date so far in July.

With about a month left of summer, before the kids have to go back to school, we’re going to take advantage of the great California weather and head on out to California’s Gold Country with a short stay at  New Melones Reservoir in Central California for a few days of boating, wake-boarding and tubing with our family and close friends.

Passive Income buys Time & Freedom

train engine builds steam momentum daily dividend investor passive income increases daily
The DDI Portfolio builds steam like a train!

It’s time like these, that make me appreciate that I can take time off and know that I’ve still got a stream of income coming into to pay my bills.

Each day the DDI portfolio continues to grow the income stream, and is quickly approaching my target of paying out $500/month on a consistent basis.

Family time is something we highly value, so I figure now’s a good time to enjoy some of the fruits of my labor and take a few days off from managing my trading and income portfolios.

While catching some rays and enjoying an ice cold Blue Moon or Anchor Steam brew, I’m going to take some time to work on my 6 & 12 month life and business plans. Taking time out to recharge really helps to clear your mind and figure out what is most important in your life. I’m excited about coming back with a great action plan in had ready to roll.

wakeboard jump daily dividend investor passive cash flow vacationBut for now, let’s have some fun in the sun!

Don’t try this at home!

Don’t try this at home!dont try at home daily dividend investor income results

Yesterday I got an email from one of my readers, asking if they should buy one of the stocks I talk about buying for the Daily Dividend Investor portfolio or even those that have had recent increases in their dividends.

To be clear, I do NOT recommend that any of my readers buy any of the stocks or other investments I might write about here at the Daily Dividend Investor blog.

So why am I writing this then? Good question, read on…

Continue reading “Don’t try this at home!”

Bought: Gladstone Investment Corp (ticker: gain)

Going for the Gain

gain detergent gladstone investment corp dividend increase business development companyIt’s time to buy some Gain. Not the Proctor & Gamble laundry detergent, but rather Gladstone Investment Corp. who’s ticker symbol is GAIN.

After reviewing yesterday’s list of dividend increases, Gladstone Investment Corp. caught my eye for a couple of reasons.

Number one of course is the above average payout which is hovering right around an 8% annual yield.

The second thing and perhaps even more important to the DDI portfolio is the fact that this is a MONTHLY dividend payer. That’s important to the DDI portfolio because it means cash will be flowing in on a more regular and constant basis which in turn allows the portfolio to re-invest funds all that much sooner.

But, can it all be that easy?…

Continue reading “Bought: Gladstone Investment Corp (ticker: gain)”

Dividend Increases for Thursday July 14, 2011

Dividend Increases for Thursday July 14, 2011

upward pointing arrow daily dividend investor reports increase western gas partners lpFour companies announced dividend increases today including 2 Limited Partnerships, 1 Business Development Corporation (BDC) and a commonly held Large Cap.

The largest increases in dividends came from Pope Resources L.P. (ticker: pope) with a huge 40% increase, followed by the drugstore chain, Walgreen Company (ticker: wag) with an equally impressive increase of 28%, keeping it’s 35 year tradition of dividend increases alive.

Completing today’s line-up of dividend increases are Gladstone Investment Corporation (ticker: gain) and Genesys Energy L.P. (ticker: GEL) with increases of 11% and 1.8% respectively.

Week in review

This week over 10 separate companies have delivered dividend increases which offers up good evidence that not only the US economy, but those around the world are not only healing but are beginning to show signs of continued growth and expansion.

Investment Considerations

As always when evaluating investment opportunities it’s important to keep in mind not only the fundamentals of the stock itself, but also how the holding entity (Limited Partnership, Royalty Trust, Master Limited Partnership, Business Development Company, Preferred Stock) may affect the way you report income on your annual tax return as well as the amount or percentage of tax  you will be required to pay. Adding shares of any of these special entities to tax deferred / retirement accounts may also present additional issues that should be discussed with your CPA or tax planner / advisor before purchasing.

gel gain pope wag daily dividend investor blog income increase

A new look for the DDI blog…

A new look for the DDI blog…building blog design daily dividend investor portfolio income

I’ve spent some time over the last week or so tweaking the design and look of the Daily Dividend Investor blog. While ultimately, it’s true what they say that  the substance and content is way more important than the style – I think style is important in that the content needs to be easy to read to have real value.

I spent a couple of hours previewing all of the   WordPress themes that are available and finally settled on one called “Freshly”. I like it because the header image is clean and the menus are crisp and easy to find. I’m not wordpress tools change design daily dividend income investor portfoliothrilled about the font selection, but since I’m only using the free WordPress service I don’t get a lot of choices. For now I’m quite happy with this theme and the layout – I hope you’ll find it easier to read as well.

Over the next week or so I hope to provide more information / content about the current portfolio holdings as well as how I got where I am and how I plan to move the portfolio forward, as well as a Q&A section. I hope you will come back often – I look forward to hearing from you!

Dividend Increases for Thursday July 7, 2011

Dividend Increases for Thursday July 7, 2011

Westeupward pointing arrow daily dividend investor reports increase western gas partners lprn Gas Partners, LP (ticker: WES)  increased their quarterly dividend today by $.025/share for an increase of 3.8%. Based on today’s closing price of $36.15/share Western Gas Partners pays out a 4.48% dividend yield.

Because WGP is a limited partnership, you will be issued a K-1 tax form each year and will be required to include US Federal Tax Form 1065 when completing your tax return. As I currently hold such small positions in the DDI portfolio I typically avoid adding shares of  limited partnership interests to my holdings in an attempt to keep tax reporting as simple as possible.

I would consider making an exception for limited partnership interests that generate monthly income – however, Western Gas Partners currently pays dividends quarterly in August, November, February and May, so for now I won’t be considering adding shares of WGP.

july 7 2011 stock daily dividend investor increases wes western gas partners lp

Monthly Income Update: June 2011

Monthly Income Update: June 2011

monthly dividend cash flow reportAs I had anticipated, June was a very good month for the DDI portfolio bringing in $556.14 in passive income for the month.

It was the first (and only) month in the 2nd Quarter in which the portfolio reached it’s goal of $500.00/month in passive cash flow.

While the income for the month blew through the monthly $500 goal, beating it handily by over 10%, it wasn’t enough to make up for the short-fall in both April and May.

Continue reading “Monthly Income Update: June 2011”