Growth Update: September 2014
The market was down again in September, and I took advantage by adding three new companies to my portfolio during the month. They were IBM, UTX and V. I’m hoping the market will continue to present opportunities; I’m going to keep purchasing more great companies that have a history of raising dividends each year and will one day use this income to pay all of my expenses.
With my purchases, I invested a total of $4,761.15 in new capital during the month to help my 2014 New Capital Invested Monthly Goal. Last month I revised this goal by doubling it, and I’m already well ahead again. With $27,652.31 invested so far this year I’ll need to add $2,449.23 in each of these remaining three months to meet my $35,000 goal. If my employment and income continue, I’ll be able to smash this revised goal with my minimum bi-weekly purchases of at least $1,400.
My portfolio has dipped recently and is showing its young age. However, I’m excited by this, as it gives me plenty of options to add to some awesome companies I already own, and I’ll get in at an even higher yield. Because of my contributions during the month, my portfolio still managed to keep pushing higher. This will become more challenging in volatile months when my portfolio is bigger, but I can still impact the month to month results pretty dramatically for now. I saw an increase of 14.07% from August’s $28,859.80 to September’s $32,920.41. Year over year, my portfolio grew 2,823.66% from its total value of $1,126.00.
Another fun thing about my young portfolio is all the records in Dividend Payouts. Last month I made $81.75, and I received a new high of $90.07 in September. I saw an increase of 74.86% from $51.51 last quarter in June. Year over year, payouts went up 1,712.27% from last year’s $4.97.
My 2014 Dividends Received Goal of $750 is picking up steam, but I still expect to fall just short. So far this year I’ve made $477.71 in passive income from dividends. I would need to average about $91 a month for the remaining three months to beat this goal.
I also picked up several fractions of shares with my dividend reinvestment plan in September.
My companies PM and O both gave me raises during the month.
At the end of October, I’ll be celebrating a full year of employment. This will be the first time that’s happened to me since I was serving tables at a restaurant just a few years back, and it’s helped me tremendously in laying down the groundwork of my portfolio. If I make it through October, I’ll complete my 2014 Months Worked Goal.
I hope everyone keeps making those purchases while the market is low. I’m excited to make the rounds of all the new bloggers out there and see what everyone is buying and how they’re progressing. Have a successful October everyone!
How was your September? What are you buying lately?