Recent Purchase

This is going to be another great month for dividends!  I took some of those dividends and combined them with my monthly cash infusion to purchase 55 more shares of linn energy:

I purchased the shares at a price of 36.50.  Oil/natural gas stocks have taken a hit recently; to me that just makes it a good time to purchase them (think CVX, COP, etc.).  I hope they stay low for a few more months so that I can get into more!

Anyway, the shares purchased will provide an additional $159 a year in dividend income, bringing my projected dividend income for the next 12 months in my taxable accounts to $20,691.12.  This number is the total dividends I would receive over the next 12 months if all of the companies I own shares in keep their dividend payouts the same as they are now.  This is more than I earned at my first somewhat real job, which I started just 10 years ago in the fall (I've moved several times since then).  Its incredible to me to think about how hard I worked at that job, and now I make more than that for doing pretty much nothing.

Have a great weekend!