I hope everyone is having a great new year! As you know, I like to take a look back on the year to see how well I have done. I think I’ve had a very successful year not just financially but also personally. I have used my knowledge on finances on helping more people with theirs. By just giving out advice like which are the best credit cards for building credit and showing them how to invest their money smartly, I have been able to get people in a lot better places, financially. Now it’s time to reflect on 2018 and see how we did.
December of 2018 was a tough month for equities. After breaking through $530k portfolio value earlier in the year, my portfolio dipped below $450k. That’s with adding fresh capital each month. I do believe we have some decent valuations and I have a long list of stocks to pick from that I believe are in the buy range. I actually don’t mind this correction because it’s allowing me to purchase shares of the same companies I’ve been buying for better prices which also produces higher starting yields.
Here’s Decembers’ dividends and a look at the entire year of dividends:
WFC – 64.5
V – 105.38
UL – 129.43
XOM – 205
JNJ – 138.6
WBA – 57.2
RDS.B – 301.74
KO – 35.49
HBI – 26.58
CRI – 11.53
PFE – 102
VOO – 88.18
HSY – 69.72
NSC – 81.60
December total – $1417 , up from $1256 or 12.8%.
Here’s a look at how I’ve been doing on a quarterly basis since 2017.
I broke $4,000 ($4,227 to be exact!) in the last quarter of 2018 which is new record. I hope to break through the $5,000 quarterly mark by the end of 2019. Over the long-term, I want to see that quarterly income is going up. This is motivation to me to keep plugging away and gets me one step closer to FI. The second quarter of 2017 is an outlier as I have a once yearly dividend from Novartis of about $280 and I also had a twice yearly dividend from DEO. This was over $340 which caused the higher second quarter dividends that year. This has already smoothed out and didn’t cause any outliers this year.
Overall a solid year with total dividends of $13,919 up from 8,168. This is a 70% increase from 2017.
My forward dividend income is currently $18,077.
My forward dividend goal by the end of 2018 was $13,000 (currently $18,077) and a total forward passive income of $26,000 (now around $37,500) with the gap filled in by real estate income. I blew past both of these goals. One reason was that I started to use options more to juice my portfolio. So far it has been working out pretty well. I’ve also been contributing fresh capital as much as possible and was able to add two more rental properties in 2018.
I’ll be putting together some dividend goals for 2019 soon so stay tuned!
December was a wild and crazy month. I sold a little bit of stock to help fund the purchase of rental #5. I sold my entire position of BBVA partly for this reason and partly because things are too uncertain in Mexico with the new president as well as the Spanish economy. I had a margin call on a put I sold of some shares of V. My largest position, MO, decided to go on a buying spree and spent a lot of money on their equity stake in JUUL as well as a large position in a cannabis company, similar to Oregrown, which lowered their credit rating. My MO purchases are currently on hold because of this but I don’t plan to sell any.
I did purchase some shares of BAC, this is a new position. They are just looking too cheap on a forward P/E basis. I plan to add more to BAC to bring it up to the same weight as WFC. Warren Buffet also has significant stakes in both of these banks. I believe rising rates should benefit both companies going forward.
Some stocks on my watchlist are:
MSFT GIS IBM DEO WFC BTI DIS V BUD T TIF BLK BAC
Buy, Hold Long says
Well done, your total forward passive income looks fantastic. Keep up the excellent work. Looking forward to seeing more updates on purchases.
All About Interest says
Thanks! I am going to try to post more updates this year so readers know what’s going on. I do always keep my portfolio updated in real time, however. Seeing the steady progress is very motivating and assures me what I’m doing is working.
Thanks for stopping by!
It was a tough ride in the market towards the last quarter of ’18. We all saw our portfolios values decline big time but as long as those dividends keep rolling in we’re good. Solid list of payers sending cash your way in December. Nice watch list too. No shortage of quality names on sale sporting juicy yields these days.
DivHut recently posted…Stock Basics: What Causes Stock Prices to Change?
All About Interest says
You’re right, as long as the dividend income keep going up, I’m happy. There’s always ups and downs in the market and I view the downs as buying opportunities.
Thanks for stopping by!
Man what a great year. New rental. Over $4.2k in dividends for the last quarter and nearly $14k in dividends for the year. I have say I’m pretty jealous of that $18k+ forward dividends that you have. We’ll get there eventually and hopefully 2019 will see us get back to regular investing once more. It’s been a grind these last few years, but I can see the light at the end of the tunnel.
JC recently posted…Dividend Update – December 2018