Growth Update: June 2014

It’s been a great half year for me.  I’ve had constant employment since October, which is officially my longest editing gig since my career started almost three years ago.  I’m working for a network now, and I usually work on specific television shows.  Before I landed my current job, I was on the verge of a higher pay rate and position, but I had been out of work so long that I just wanted any job I could get.  Recently, I had a few job offers come in for longer gigs, and I seriously considered taking one.  I talked to my current employers who said they liked me and didn’t want to lose me.  I’m happy to announce that in June I got a 26% raise.  I really like the people I work with and having a stable job at a higher income should really help push my financial freedom goals forward.

  2014_june_goalsmonthsworked

Last year at this time, I had no way of knowing I’d be jobless until October.  The little money I had saved in my short career would almost dry up waiting for my current gig.  I spent the rest of 2013 repairing my emergency fund.  What a difference half a year makes! I’ve been aggressively investing in high quality companies that pay growing dividends.  At the start of 2014, my portfolio was worth around $5,000.  Now, at the end of June, my portfolio is worth more money than I’ve ever had: $22,395.40.  During the month, I added to three companies I already had positions in, BAX, TGT, and DE.  I invested a new personal monthly high of $4854.12 in new capital.   With these purchases, my portfolio increases from $17,541.28 in May to $22,395.40 in June for a huge change of 27.67%.

2014_june_portfoliovalue

In the past six months I’ve been able to confidently add $16,882.04 of new capital to my portfolio, even while the market has been consistently showing record highs.  I’m after individual companies and there are still some out there that are trading at values that make sense.  Next month I’m on pace to smash my “2014 New Capital Invested Goal” of $17,500.  The question now is only by how much?

2014_goals_june_newcapitalinvested

I still only own 13 companies since this month was all about adding to my positions.  I only saw one dividend raise, but it was a big one;  TGT convinced me to buy more shares when they raised the dividend by 21%.  The three companies I own that haven’t raised their dividend this year are AFL, MO, and PM; however, all three are expected to in the second half of 2014.

2014_june_dividendraises

In June, I received $51.41 in dividends from six companies.  This number is low now, but with consistent investment, I hope to one day pay my expenses with this monthly income.

2014_june_dividendpayouts

I am currently reinvesting all my dividends and picked up the following shares:

2014_june_dividendsreinvested

My goal to hit this year is $750 in dividends received, and I’m way off pace at $263.39 so far.  I’m trying not to focus so much on higher yielding stocks, but on sound companies with fair valuations that grow those dividends, even if it’s for a little lower yield.  I still have a lot of time to let my money compound, and I should see lots of dividend growth to come.

2014_june_goalsdividendsrecieved

How was your June?  How was your half year?
Photo Credit: Aleksandra Boguslawska – http://unsplash.com

My Dividend Growth

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20 thoughts on “Growth Update: June 2014
  1. JC @ Passive-Income-Pursuit.com

    That 26% raise sure will come in handy. It’s not often that you can get a raise that’s higher than a 20% dividend increase. Be sure to take advantage of that! You’re killing it on a lot of your goals which is awesome. I wouldn’t be too worried about being behind on the dividends received goal. I always set a goal for that but there’s too much that’s in play to affect that such as timing of payments or missing payments due to purchase timing. I try to focus mainly on my forward income. Keep up the good work! It’s amazing how much we can accomplish in a short amount of time.

     
    Reply
    1. My Dividend Growth

      JC,

      Thanks for taking the time to stop by and for all the kind words. My raise was for sure an anomaly, and just I had just been bragging to my parents about my huge 18% and 21% raises in dividends. I’m so fortunate to know what to do with all the income now that I’ve discovered DGI. It’s so helpful watching high income earners like yourself navigate the market waters. Congrats on a solid month yourself! I can’t wait to check in and see what you buy next 🙂

      Take care,
      Ryan

       
      Reply
    1. My Dividend Growth

      MDP,

      Always a pleasure to see you check in. It feels so great to work hard at the job and be confident in a strategy with my capital, but my aggression pales in comparison to you! You’re truly setting the example for investment consistency leading right up to that FI point. Wishing you all the best in July!

      All my best,
      Ryan

       
      Reply
  2. Dividend Mantra

    Ryan,

    A really good looking month. The $51 in dividend income is solid all by itself, but knowing that it’s going to grow into something spectacular is extremely motivating. 🙂

    Congrats on smashing your capital invested goal. You’re going to come close to doubling your goal at this rate. That’s awesome, my friend. Keep up the great work!

    Best wishes.

     
    Reply
    1. My Dividend Growth

      Jason,

      Thanks so much for all the support you give. I’m going to keep adding to my snowball while the job situation is good and earn my future self that something spectacular. I’m so happy to see you writing so much these days instead of working at the dealership! And you’re killing it with the freedom fund. I was sad to see IBM shoot up in price these past few days. It still seems like it’s at a good value, but I really like Visa here too after your recent watchlist post. I’ll be reading!

      Have a great 4th of July! 🙂
      Ryan

       
      Reply
  3. DividendMongrel

    Hey Ryan,
    Congrats on a solid month. I love to read your blog because we are both early in our quest to FI. I can relate more here than someone who has a portfolio of close to a million. Keep up the great work. I look forward to seeing how July plays out.

     
    Reply
    1. My Dividend Growth

      Dividend Mongrel,

      Thanks for the great comment. I’m with you in watching other finance blogs that are around the same value. It’s super helpful to see how they value, purchase, and diversify their companies. I have a decent picture of what I want in my portfolio, but am always discovering new ideas. Aside from fundamentals, I’m also trying to focus on companies that I like and would be happy to research and follow for years to come. You’ve got a great start over there yourself and I happen to be a big fan of your bulldog! Let’s keep covering those expenses with growing dividends!

      Have a great holiday weekend,
      Ryan

       
      Reply
  4. Pingback: Sunday Morning Reading: July 6, 2014 | Starting From Zero

  5. Dividend Growth Journey

    Ryan,
    Great stuff. Your portfolio has just shot up in the first 6 months of year and close to your goal of 17.5K for the year. I am in the same boat as you with respect to this goal. I had a goal to invest 20K this year and almost invested just over 18K by June. I invested quite a bit in the first few months. But it is better this way than the other way 🙂
    Your dividends goal should be fine. Hopefully with new investments, it should start increasing in the second half of the year.

    Congrats on a great month.

    DGJ

     
    Reply
    1. My Dividend Growth

      DGJ,

      Thanks for the support. We’ve done great in getting our capital working for us. Even if the market crashes, just being invested and building passive income is really going to pay off in the long term. It’s likely easier for me to plug away at the portfolio since I don’t have a family to support like you do, so you’re doing an exceptionally phenomenal job! Wishing nothing but the best for you and the family this next week!

      All my best,
      Ryan

       
      Reply
    2. My Dividend Growth

      Dividend Growth Journey,

      Thank you for swinging through. You’re doing great work over there yourself. I agree it’s best to put the money to work as soon as possible, and I’ve got the pedal to the metal. Keep at it for a strong second half of the year and have a great rest of thee week!

       
      Reply
  6. Huw

    Hey Ryan,

    Congratulations on the pay rise! That’s great news! You not only get reassurance of having a job for a longer period, but you’re getting more money for doing it.

    You’re portfolio has come a long way in 6 months. Well done on hitting your ‘new capital invested’ target so early in the year. With your new pay rise, you’re likely to set an impressive marker!

    Keep up the good work my friend and thank you for the updates.

    All the best
    Huw

     
    Reply
    1. My Dividend Growth

      Huw,

      So good to hear from you. We’re both doing well on the goal front, great work over there 🙂 We’re going to be well ahead of where we thought we’d be at the end of the year. Thanks for checking in and I hope all is well!

       
      Reply
  7. walletengineers

    Your dividend performance looks a lot like mine! I made about $80 which, in the scheme of things, is about the same.

    I don’t own O or WFC, although I need to get into REITs and Financial. I own everything else and agree with the purchases as well.

    Love the graphs, colors, etc. Makes an engineer happy.

    Wallet Engineer #1

     
    Reply
    1. My Dividend Growth

      Wallet Engineers,

      It’s always great seeing portfolios around my same level and congrats on your awesome month! Your compliments mean a lot, thank you very much. I wish I had bought more O when I had the chance. I bought it at the start of my aggressive push into this year when one purchase was still a lot of money and weight. It’s seen some great growth, and I love watching the monthly dividends compound. WFC has been my longest holding and highest percentage return so far, but my small position in it has barley made any impact. I haven’t thought much about adding to it but might revisit the idea at some point. I appreciate you stopping through.

      All my best,
      Ryan

       
      Reply
  8. Dividend Gremlin

    Nice month. I really liked that TGT growth – I have it in both my Roth and am growing my Loyal3 version of it. Its always nice to see a company pay its [part] owners with effective increases.

     
    Reply
    1. My Dividend Growth

      Dividend Gremlin,

      Glad to hear from you. The TGT raise was such a sweet surprise with all the negative press surrounding it. We did some great work taking advantage of the weakness in a solid dividend grower with a good yield. Here’s to fixing a few of the challenges and raising it aggressively again next year.

       
      Reply
  9. TwoInvesting

    Another great month! Your dividend income will soon take off with how much you’ve been investing monthly. I really like TGT too and recently made an additional purchase. It is tough to find value these days, but TGT fits that mold perfectly. The high-quality company that has been priced lower than it should be means an excellent buying opportunity for the long long-term investor. I’ve been eyeing DE for quite some time now too. Might have to pull the trigger soon on that one too.

     
    Reply
    1. My Dividend Growth

      Scott,

      Thanks for coming through. Consistent investing this year is really helping and I am seeing some liftoff. Last July I received my first dividend of only $4.95 and I can’t wait to post the ridiculous YOY stats 🙂 TGT was very popular in July in the dgi community, it’s excellent reassurance that we weren’t the only ones seeing good value. I’ll be watching to see what you pick up next.

      All my best,
      Ryan

       
      Reply

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