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
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.
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.
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.
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.
Disclaimer: Long all stocks mentioned.