Max Dividends Portfolio: Month 8 - Week 2. Goal $12,000 Monthly for 120 Months

Dividends $4,916.85 | Yield on cost 5.13% | 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.

Intro

This week I added new stocks to my portfolio as usual. Every Friday I make regular purchases of high growing dividend stocks to my dividend portfolio. I create growing passive income from stock dividends so I can live off dividends.

In November I received new significant dividends. This week I reinvested the dividends into buying new shares. That means my passive income from dividends is about to get an upgrade!

My companies help me, so that my passive income from dividends grows faster.

Here is some examples of how it works

On November 22, the Brown-Forman Board of Directors approved a 4% increase in the quarterly cash dividend, achieving 41 years of consecutive dividend growth and 81 years dividend paying with no interruption.

On November 25, Hormel Foods Corp announced a ~3% increase in dividends. Keeping on these lines, the global branded food company unveiled a 3% hike to its annual dividend, continuing its impressive streak of 59 consecutive annual dividend increases.

• My income grows while I calmly do my favorite things. No fuss.

I continue to move forward with my dividend passive income growth plan. Every month my passive dividend income grows and my goal gets closer.

It's been 8 months since I started the $12,000 per month dividend experiment for 120 months.

Why Dividends Are Golden in Retirement? Market takes a dive? You’re still getting paid. Market soars? You’re still getting paid. It’s a beautiful thing

My stocks are providing me with monthly cash flow that I can spend or reinvest and grow my holdings without any fresh capital being deployed. Income is great, passive income is greater.

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.

My Recent Dividend Milestones

• ✅ $100 monthly - 100% completed (3 months)

• ✅ $250 monthly - 100% completed (5 months)

• 🎯 $500 monthly - ~82% completed (+4% since last week)

To see how the MaxDividends strategy works in practice, I started an experiment: $12,000 a month in 120 months. My today’s purchases, plans, deep dive and thoughts you can see below.

Extra: My International Dividend Portfolio with ~7% dividend yield and purchases there also inside.

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06/12/2024

Updates | Purchases | Thoughts

Month 8. Week 2 - Companies Purchased Today and All Insights

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Invested $95,799 | Dividends $4,916.85 | Yield on cost 5.13%