Can you believe 2020 is already over?
What a crazy year.
Let’s see what’s shaking.
“Never invest in a business you cannot understand.” Warren Buffett
It’s been a wild month.
I was very involved with the recent WSB and GameStop frenzy and I must admit, it was a wild ride. I can definitely see how people get addicted to the fast free money (or sharp losses).
I bought in on Gamestop for $82 for 10 shares with my eyes wide open, fully understanding that this was not an investment but a way to trap some hedge funds in a way I’ve never personally seen before.
I had the full intention to hold forever but after Robinhood screwed the little guy and let the shorts out, I knew the game was over. I managed to get out at the $300 dollar mark on a stop-loss.
I never got involved with other trades like AMC or BB.
I’m not trying to become a daytrader and do believe many kids practicing will end up in a bad spot sooner or later.
The one thing that is almost a guarantee for me is I will keep rolling on collecting dividends. $$
Let's check out what happened in january 2021
dividend income
For the month of January, I received dividends from 21 different companies.
- I received $2,943.46 in dividends for January
- I’m too lazy to find out how much was non-taxable, but it’s most of it.
- I’m keeping the bulk of my portfolio in lower dividend stock with higher growth (see CN rail) because the tax-free accounts have a very low ceiling for new capital.
- January is my middle payout month or my “A” column. A being the middle, B being the garbage, and C straight up G.
- I won’t increase my lower months just for the sake of it.
Dividend Increase and highlights
I’m going to start adding to this list for 2021.
Nuts and bolts
- I received $2,943.00 in dividends for January.
- As you can see from the graph above, it was quite a leap from Jan 2020 when I was already selling my portfolio ahead of the Covid crash.
How much free money?
I’ve earned $2,943 in dividends so far this year. A great start to the year!
My total income from last year was $19,106.
I will crush that number this year.
It’s crazy to think I earn more per month now than I did for a full year in 2014!
| Year | Total Dividends Received | Total Yearly Div Increase |
|---|---|---|
| 2014 | $2,421.00 | $2,421.00 |
| 2015 | $4,169.00 | $1,748.00 |
| 2016 | $6,192.86 | $2,023.86 |
| 2017 | $10,760.51 | $4,567.65 |
| 2018 | $16,223.07 | $5,462.56 |
| 2019 | $17,804.61 | $1,581.54 |
| 2020 | $19,106.32 | $1,302.21 |
| Total | $76,677 |
Since 2014 I have received $79,620 worth of dividends. This does not include any capital appreciation.
what can I buy with all that free money?
It might not be a mansion but at $72,000 I’d have an extra $4,000 to do some reno’s or buy a nice little commuter car.
Not bad for sitting on my but and doing nothing except to patiently collect dividends every month!!
For everyone who has journeyed with me over the last 6 years who knew that this was my goal, thanks for your patience!
Saying that, wait until you see the house I will buy at the end of my next 6 years of dividend growth investing!!!
Stay Classy Fire Bros