Recent Stock Purchase I – August 2015

I thought July was a crazy month, it appears that August is turning out to be even bigger, folks! I made several purchases very first week of August and I’m going to write in 2 posts. Market was again moody last week and I took advantage of great offers. I invested 3,563.75 during first 2 days of Aug, 3rd and 4th. I plan to use these Dividend Growth Investing stocks to fuel my passive dividend income in the coming weeks and months. My portfolio is here: Freedom Race Portfolio.

Below are the companies that I put my capital on towards my race for earning $3000 per month in 3000 days. Last month, I completed 90 days of race, what a zapping race it has been, so far :)

1) BofA, Corp. (BAC): 20 positions at $17.85 on 8/04: $357.00
2) BHP Billiton plc (BBL): 10 positions at $35.56 on 8/03: $355.60
3) General Electric Company (GE): 20 positions at $26.00 on 8/03: $520.00
4) HCP, Inc. (HCP): 10 positions at $38.59 on 8/03: $385.90
5) ONEOK Inc. (OKE): 10 positions at $37.00 on 8/03: $370.00
6) Pfizer Inc. (PFE): 10 positions at 36.00 on 8/03: $360.00
7) Reynolds American, Inc. (RAI): 5 positions at $86.05 on 8/03: $430.25
8) U.S. Bankcorp (USB): 10 positions at $45.00 on 8/03: $450.00
9) Ventas Inc. (VTR): 5 positions at $67.00 on 8/03: $335.00

It was quite a shopping first week of Aug. and my cart is getting filled to the brim. Market indeed pushed me harder to run my race. However, it will help me to catch up towards my goal. Now, I’ve 46 wonderful companies in my portfolio and my initial goal is to own close to 50 companies so that I’m fully diversified across various sectors and not putting all eggs in one.

The beauty of growing dividends is that they will be working for me to earn more dividends, setting off a compounding engine and snowball. That will propel me towards the cherished la-la land of financial independence.

Full Disclosure: Long on above mentioned stocks.

Thanks for reading.

Dividend Income Update – July 2015

I’ve completed 90 days of freedom race and it has been awesome with the great support of DGI bloggers. I’m truly blessed to be posting it from the country where Statue of Liberty stands. It stands for freedom and I hope to achieve my own financial freedom in 3000 days when I complete my race.

I’m super excited to write about my passive dividend checks that I received last month of July. They are now pouring into my bank without me lifting any fingers. So far, I’ve got 41 fantastic companies in my growing Portfolio.

I hope that this passive income report provides inspiration to all the readers out there that even when you are starting out fresh, you can still win it. Although, it is a long race: slow and steady, we can win it on our terms and time. Without further ado, here are dividends received:

The Bank of Nova Scotia (BNS) : $5.27
GlaxoSmithKline plc (GSK): $14.62
JP Morgan Chase & Co. (JPM): $2.20
Main Street Capital Corp. (MAIN): $1.75 
Altria Group, Inc. (MO): $10.40
Realty Income Corp. (O): $11.40
Phillip Morris Intl. Inc. (PM): $30.00
Reynolds American Inc. (RAI): $3.35
U.S. Bancorp (USB): $1.28
W.P.Carey, Inc. (WPC): $28.62

The Bank of Nova Scotia (BNS) has a foreign tax withholding of $0.79 and effective dividends are $4.48 = $5.27 – $0.79. I’ll be reporting total dividend from BNS going forward so that taxes do not cloud the picture. Note that these withholding taxes may not match for other DGI bloggers and are dependent upon the brokerage and the conversion rate they use.

Total passive dividend income for July: $108.89 after 90 days of race. So far, I’ve received $179.08 as passive dividend income and close to target ($30 + $60 + $90 = $180).

Instead of getting a single salary once a month, I got paid by 10 fantastic companies throughout the month, simply by owning a tiny sliver of a slice. Imagine that there are thousands of people hired by those companies and that they are working for you, rather than, you working for them. This feeling of acquiring financial freedom over 3000 days, is what drives me to keep racing and I’m sure readers alike!

Full Disclosure: Long on above mentioned stocks.

How did your passive dividend income come along in July?

Thanks for reading!

Recent Stock Purchase VI – July 2015

What an absolutely crazy week it has been! Market was real moody last week and I took advantage of great offers. I invested 4,775.19 in the last week of July. I plan to use these Dividend Growth Investing stocks to fuel my passive dividend income in the coming weeks and months.I also updated my Freedom Race Portfolio.

Below are the companies that I put my capital on towards my race for earning $3000 per month in 3000 days. This month, I completed 90 days of race, what a zapping race it has been, so far :)

1) BofA, Corp. (BAC): 15 positions at $17.95 on 7/31: $269.18
2) BP plc (BP): 10 positions at $37.18 on 7/31: $371.80
3) Chevron Corp. (CVX): 5 positions at $93.59 on 7/30: $468.00
4) Digital Realty Trust, Inc. (DLR): 5 positions at $64.00 on 7/31: $320.00
5) Johnson & Johnson (JNJ): 4 positions at $98.59 on 7/28: $394.39
6) Realty Income Corp. (O): 10 positions at 47.58 on 7/29: $475.80
7) Omega Healthcare (OHI): 10 positions at $36.51 on 7/28: $365.19
8) ONEOK Inc. (OKE): 10 positions at $37.66 on 7/28: $376.60
9) The Proctor & Gamble Comp. (PG): 10 positions at $79.48 on 7/29: $397.40
10) PennantPark Investment (PNNT): 50 positions at $8.01 on 7/29: $400.09
11) Starwood Property Trust, Inc. (STWD): 30 positions at $21.58 on 7/28: $647.40
12) Wells Fargo & Co. (WFC): 5 positions at $57.79 on 7/30: $288.95

It was heavy shopping this month and my cart was filled to the brim. Market did throw some curve balls and indeed pushed me harder to run my race 🙂 However, it will help me to catch up towards my goal. Now, I’ve 41 wonderful companies in my portfolio and my initial goal is to own close to 50 companies so that I’m fully diversified across various sectors and not putting all eggs in one.

I’ve already received several dividends this month and they will be working for me to earn more dividends, setting off a compounding engine. That’s the beauty of growing dividends working for themselves and propel towards the cherished la-la land of financial independence.

Full Disclosure: Long on above mentioned stocks.

Thanks for reading.

How many stocks do you think you need to own for diversified portfolio.