Another month is at its close, and its time to update my dividend income for the month. This month wasn't that great compared to others, and I think getting The March-June-September-December dividends higher is going to be a priority in 2013. Without further ado:
Taxable Account Dividends:
DUK - 21.25
ERH - 63.30
O - 10.21
Total - 94.76
Roth IRA Dividends:
ARR - 111.00
STB - 18.09
Total - 129.09
Overall Total: 223.85
Overall, not a bad month, but I think starting next year I do want to focus on getting more dividend stocks that pay during this month. Next week, I 'm going to haul out my "goals" post from January and do a checkup to see where I am 6 months into the year.
Saturday, June 30, 2012
Saturday, June 23, 2012
Recent Purchase
It was time to make my monthly purchase for June. I'm starting to sound like a broken record, but I purchased more Linn Energy (LINE). I picked up 33 shares at $36.07. This purchase will provide an additional $95.70 a year in dividend income. Not a huge purchase this month, due to the fact that I don't get a lot of dividends in June, as you'll see next week in my June dividend income update. Overall, I'm happy to add more Linn Energy to my portfolio, and I'll probably add a touch more by the end of the year. Thoughts?
Saturday, June 2, 2012
May Dividend Update
Well, another month has come and gone, and its time for another monthly dividend update. It was a great month for dividends, and I've experienced another increase compared to last quarter. Without further ado, my May dividends:
ERH - $63.30
LINE - $580.73
O - $10.21
CLMT - $312.48
Total for taxable account = $966.72
ARR - $111.00
STB -$18.40
Total for ROTH IRA = $129.40
Total May Dividends = 1096.12
I was able to go over 1000 for the month in total dividends! I don't really consider my Roth dividends as part of my dividend income though, so for me the milestone will be when the taxable account only is over 1000, which could happen as early as next quarter.
ERH - $63.30
LINE - $580.73
O - $10.21
CLMT - $312.48
Total for taxable account = $966.72
ARR - $111.00
STB -$18.40
Total for ROTH IRA = $129.40
Total May Dividends = 1096.12
I was able to go over 1000 for the month in total dividends! I don't really consider my Roth dividends as part of my dividend income though, so for me the milestone will be when the taxable account only is over 1000, which could happen as early as next quarter.
Saturday, May 19, 2012
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!
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!
Saturday, May 5, 2012
April Dividend Update
Well, another month has come and gone, so its time to take a look back at April to review my dividend income. I must say, this was far and away my best month ever! It would be great if I could do this every month! Anyway, without further ado, my April dividends:
Taxable Account:
ERH - $63.30
O - $10.21
GE - $17.00
NM - $18.00
CIM - $165.00
Bank stock - $3798.00
Total in taxable account - $4,071.31
Roth IRA:
ARR - $111.00
STB - $18.50
Total in Roth IRA - $129.50
TOTAL: $4,201.01
Wow. The next few months won't be anywhere near as good, but I'm working on it!
Taxable Account:
ERH - $63.30
O - $10.21
GE - $17.00
NM - $18.00
CIM - $165.00
Bank stock - $3798.00
Total in taxable account - $4,071.31
Roth IRA:
ARR - $111.00
STB - $18.50
Total in Roth IRA - $129.50
TOTAL: $4,201.01
Wow. The next few months won't be anywhere near as good, but I'm working on it!
Saturday, April 28, 2012
Recent Purchase
Well, it took me a few months, but I finally decided to make a purchase:
I added to my position in Linn energy by purchasing 160 shares on Friday at 39.70. Its a little more than I would have liked to pay, but a few things on that to keep in mind:
1. I plan on keeping these shares for the long haul. That being said, the dividends that an MLP pays out are not taxed, instead, they go against your cost basis, such that when you sell them, you pay taxes on the capital gains plus the distributions you received from owning them. Since is pays a distribution in the next few weeks, my new cost basis will be 38.975.
2. This is a stock I feel pretty comfortable with. They're a natural gas exploration company that has natural gas prices hedged through the next few years, meaning that the business' success hinges upon the ability to find natural gas rather than demand. I'll take my chances with that.
So what does this purchase mean for my portfolio? Well, this purchase will provide $464 of dividend income a year, which actually brings my dividend income for the next 12 months to $20,531! This purchase and some recent dividend increases, I've surpassed the 20K mark, which was actually my goal for this year! I guess my modified goal for the year is to try and get to 22K by december, but that might be a bit out of reach. Soon enough though!
I added to my position in Linn energy by purchasing 160 shares on Friday at 39.70. Its a little more than I would have liked to pay, but a few things on that to keep in mind:
1. I plan on keeping these shares for the long haul. That being said, the dividends that an MLP pays out are not taxed, instead, they go against your cost basis, such that when you sell them, you pay taxes on the capital gains plus the distributions you received from owning them. Since is pays a distribution in the next few weeks, my new cost basis will be 38.975.
2. This is a stock I feel pretty comfortable with. They're a natural gas exploration company that has natural gas prices hedged through the next few years, meaning that the business' success hinges upon the ability to find natural gas rather than demand. I'll take my chances with that.
So what does this purchase mean for my portfolio? Well, this purchase will provide $464 of dividend income a year, which actually brings my dividend income for the next 12 months to $20,531! This purchase and some recent dividend increases, I've surpassed the 20K mark, which was actually my goal for this year! I guess my modified goal for the year is to try and get to 22K by december, but that might be a bit out of reach. Soon enough though!
Saturday, April 14, 2012
New Plans with the old 401k
Haven't been posting much, partly because I've been pretty busy, but also due to the markets running wild, and I'm waiting for a bigger pullback than we've seen recently. I'm sitting on a lot of cash right now though, so I'm hoping to make a purchase within the next week or so.
After much thought, I've decided to roll the old 401k into the new one. The new plan has more choices (and better choices) than the old one, so that's good. I changed my mind though from my initial plan, which was to just roll it into an IRA. I've decided against this due to tax implications. I currently do not have a non-roth IRA. Not having one is actually an advantage if your adjusted gross income (AGI) is too high to regularly contribute to a roth. As it stands without one, next year when my AGI is too high to contribute directly to a roth, I can open a non-deductible IRA, and then immediately convert it to a roth, since there is no cap on the conversion. Since I don't get an initial tax break on opening the non-deductible IRA, there will be no tax bill on the conversion. If I were to do this already having an IRA, then there would be a taxable event, as the government would consider the total of all of my IRAs (the non-deductible and the rolled over 401k) when determining my tax bill, and I have obviously received a tax advantage from the 401k, so I would have to pay taxes on a portion of the conversion. Does all of this make sense? More importantly, am I right? Hope to be back to more exciting stuff in the future.
After much thought, I've decided to roll the old 401k into the new one. The new plan has more choices (and better choices) than the old one, so that's good. I changed my mind though from my initial plan, which was to just roll it into an IRA. I've decided against this due to tax implications. I currently do not have a non-roth IRA. Not having one is actually an advantage if your adjusted gross income (AGI) is too high to regularly contribute to a roth. As it stands without one, next year when my AGI is too high to contribute directly to a roth, I can open a non-deductible IRA, and then immediately convert it to a roth, since there is no cap on the conversion. Since I don't get an initial tax break on opening the non-deductible IRA, there will be no tax bill on the conversion. If I were to do this already having an IRA, then there would be a taxable event, as the government would consider the total of all of my IRAs (the non-deductible and the rolled over 401k) when determining my tax bill, and I have obviously received a tax advantage from the 401k, so I would have to pay taxes on a portion of the conversion. Does all of this make sense? More importantly, am I right? Hope to be back to more exciting stuff in the future.
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