April Mid-month update!

Yikes!  It has been a while.  April/March turned out to be busier than I had planned it to be.   I have taken up learning some Spanish for my trip to Latin America near the end of the year, my sister came into town for two months :),  work was been busy and I have been doing several DIY projects around mi casa.

Quick March Recap

Income

Dividend income in march spiked up to 692.07 from 440 last year.  This is growth of 57% YoY, the third month of each period tends to be my highest.

$1334.29 of $5750 (23% accomplished).  I am not sure if I will hit this amount, I will explain in a few paragraphs.

Forward Dividends

At the start of the month, my 12 month forward dividend was $5202.29 and ended up at $5305.32.  My future income is 39% higher than this time last year.  I am on pace to hit my goal of 6100.

Exercise goals

I had to stop running everyday mid month, I injured my calf somehow.  However, my weightlifting goals are still progressing nicely.

Now on to April

At the beginning of April I added some additional shares to TROW.  I should have bought a larger share when I initiated my position in March, but the price hasn’t changed much, so the only thing I am out is a few dollars for the trade.  Additionally, I added to KO and MAT in my Loyal3 portfolio with the dividends received in it (no new cash additions).

Potential Rental Opportunity

I am pretty much 100% invested in the market.  My company allocations are from a variety of sectors, at the end of the day they are still invested through the same method, i.e the market.

I have been looking around for a possible purchase of a house/duplex for rental purposes.  On Friday night, I found a duplex that I believe would be a good candidate for a rental (at least at face value).  The property is currently a cash flow positive property and would remain that way after I put down what lenders require for rental properties (25-30%).    The only issue is, where to I come up with the money?  I have some cash on hand, but not nearly enough to cover closing costs + down payment.  My three main options are to sell some of my companies, borrow from my 401k, a combination of both or work with another.  Either option will result in slowing down my investments (at least in the short term). Each option has trade-offs.  A few that come to mind include:

Selling Stock: Taxes (many of my companies have paper gains) and reduction of dividend income.

Borrowing from 401K: Like taking out another loan (reduce cash flow from deal) and if I loose my job there is a penalty if I can’t repay it.

Multiple Investors: Reduces income from property.

Over the next few days I am planning on exploring the in and outs of this deal to determine if it will work for me.

Summary

So that is a short update to what I have been doing.  Time to start my day.  More demolition, lawn care and researching the real estate opportunity.

Take care!

Disclaimer: Long all stocks mentioned.

Bookmark the permalink.

4 Responses to April Mid-month update!

  1. DivHut says:

    Thanks for sharing this recent update with us. Your future dividend income is really starting to come in nicely as well. Hope your leg gets better soon so you can take up running once again. Healthy body and healthy finances.
    DivHut recently posted…Brewing Up Dividend YieldMy Profile

    • ILG says:

      Hi DivHut! Thank you, things are moving along nicely. A few bumps along the way, but not to worry.

  2. I would love to kick around a few thoughts on this before you make a big move like that. I am putting in moulding right now, but if you want, I can offer a few things I know about rental issues, if you like.

    Keep cranking,

    Robert the DividendDreamer
    AKA –Seeking Dividends
    dividenddreamer recently posted…Spreading My WingsMy Profile

    • ILG says:

      Thanks for stopping by Robert! I am sorry for the late response.

      I am doing some renovations for my house. Mostly some electrical/moving walls for the moment.

      Otherwise, I am going to do a writeup on the potential rental property, I ultimately decided against it but would love your thoughts for the next time.

      ILG