It has been a fairly active September for me. Lots of work! It is good problem to have. I am very fortunate to be in the position that I am. September has been very active on the Loyal3 front and I acquired enough dividends + contributions in my main investment account to make an additional purchase. The market continues to slowly cruise southward, I am looking at deploying some funds I have in savings and I have already increased my Loyal3 purchases to 100$ per week from 50. And a few interesting portfolio developments!
Walmart (WMT) has partnered with Green Dot to offer checking accounts to their customers. I like this move, the goal is of course to get more foot traffic in the stores. That matters more than whatever fees/money they could make on the checking accounts. Additionally, WMT added the CEO of Instagram to the board. I am not exactly sure about that, publishing selfies is a different business plan (none) than running an e-commerce website.
Last year I received $342.02 in dividends. This year I increased that by almost 50% and ended with $510.93. Pretty solid year over year! I improved on June by a few dollars. My 3rd quarter income was $1,039.14, which is pretty awesome and higher than the 2nd quarter, so overall slow but steady progress.
You can see my Progress page for additional information.
It was a great month for dividend increases:
All raises about what I expected and overall raises that I am happy with! So far 36 of 42 companies have given me raises this year. INTC does not appear to be set to raise, however I have not added to the position and probably won’t sell it. It is in a taxable account and the tax would probably take a lot longer to recover. Now if they cut the dividend, then I will sell.
No new positions this month.
I bought an additional 1% of GIS (20 shares), after a few days the market made it cheaper. I am going to have to consider adding more, however with the decent pullback there are a few other positions I would like to add too.
I have added cash steadily to my Loyal 3 Positions and it has been a pretty solid month.
I have returned my ROTH account to a drip because I don’t accumulate enough cash in there to be doing anything but reinvesting.
Another good month and quarter. I would like my savings rate to be a little higher and with my house expenses settling in, I think I should be able to make that happen. We shall see!
How was your month?
Disclaimer: Long all stocks mentioned