Max Dividends Portfolio: Month 7 - Week 1. Goal $12,000 Monthly for 120 Months
Dividends $4,151.31 | Yield on cost 5.14% | Stocks purchased today 👀
MaxDividends Mission: Help & Support Everyone on the way Retire Early and Live off Dividends
Every Friday, I share with MaxDividends Members my weekly buys in real-time to show my journey toward living off dividends. I focus on high-yield and dividend growth companies to build a solid and growing passive income stream. My goal is $12,000 a month over the next 120 months, and anyone can start doing the same.
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Max Dividends Portfolio Updates
Today is Friday and this week, as usual, I made my regular stock purchases for my dividend portfolios.
The purchases posted today were made on Wednesday of this week. The reason for the early purchases is that today we are in France and in two days I have a marathon. 42 km. I planned a little ahead to make sure I had time to do everything and not interrupt my investment pace.
Next week I will reinvest my October’s dividends buying more shares. More shares → more dividends. My favourite dividend game. These of you who already doing the same perfectly understand my feelings.
This is not a unique method, but a path that hundreds of millionaires have gone through. In the past and now. This is a time-tested method that we at MaxDividends have brought to an ideal state.
My strategy based on MaxDividends concept and is a very lazy one. Most part of the time I just do nothing, watching my dividend income growing.
My dream - live off dividends and share my way to others, because everyone can do the same.
My personal goal - 12,000 monthly as a start point for my family in a 120 months. In this section I share the stocks I bought and concept I follow.
This is a time-tested strategy that will predictably lead me to the desired result. By choosing reliable companies that pay high dividends relative to the market and increase them over time, we create an impulse for dividend growth.
We do not have to invest constantly. We just need to set the first movement. Then the stock portfolio will start working on its own, more and more efficiently every day. And I will simply continue to enjoy watching the dividend income grow.
01/11/2024
The total amount invested in my dividend portfolios is ~$212,740.64
Over time and by exercising patience, I create a dividend snowball effect.
During October I already got $672.83. With every dividend that I receive, I am building a nest egg that won't leave. These money will be invested back in November.
My dividend income for today is $12,786.31 which is $622 more than previous week. Not bad.
For the last month, my dividend income hiked by $2,115, going from $10,671 to $12,786.
In fact, I don't think the amount matters. Regularity is much more important. Methodology, concept and regularity. These are the three main points of success for living off dividends. I once started investing with $50 a month.
Did you see the numbers above? Ok. Now look at these ones
I manage my portfolio in the MaxDividends app, and together with the team we have developed a methodology for calculating the forecast for dividend growth.
This is not surprising. We research the market well and find strong dividend companies with high and growing dividends. This is where MaxDividends shows its value.
When we invest once, the magic of MaxDividends starts to work. Companies in the portfolio increase payments, dividend income grows. We have learned to predict the growth dynamics and visualized it. This makes it easier to understand how far you are from the desired point.
We continue to invest. Companies continue to increase dividends, we reinvest dividends. We have more shares, more dividends, more increases. This is a cumulative effect.
Look at the App Screenshot Again 👇
As you can see from the forecast, my investments today, in 10 years are $2,498 per month. My goal for the experiment is $12,000.
I Have Been Running This Column for 6 Months
In 6 months, I have covered 20% of the way. Just 6 months -> 20% of the way. Every dividend investor will understand me without words. Just think about it. How did I achieve this? I show and tell in Premium.
Again. It is not about summs. Every dividend investor knows it. It is about compounding. Right community, right stocks and right tools deliver that result for us and for you also.
All that is required of me at this stage is regular investing. I clearly see my goal and progress. I invest feasible amounts, it does not ruin our family budget. Not at all.
Before We Start
Thanks to buying dividend stocks, I see my progress every day and understand when I will be at the right point. It does not matter where the market is today. Dividends are predictable income that can be planned. This is a great motivation to continue.
By investing in strong stocks that increase their dividend rates frequently, I enjoy a dividend-compounding effect.
Dividends are like a steady stream, of income that helps me fulfill our dreams and every of you know that 😎 .
Each week, I add new purchases to my dividend portfolios, choosing reliable companies that increase dividends over time and grow in value. This way, I benefit from capital appreciation and a constantly growing passive income.
With MaxDividends Top Stocks, Ideas and Tools it is a great way to build your compounding dividend portfolio to produce a growing passive income stream in community of like-minded.
Here’s a breakdown of the stocks I bought today, my plan, and the latest updates on my portfolios. Upgrade to Premium and follow my purchases.
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Month 7. Week 1 - Companies Purchased Today and All Insights
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