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!
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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!
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