Portfolio Update: May 2015

As an editor and producer, I’m used to working in a very volatile industry but that also means there are always a wide array of new challenges and opportunities available.  At the end of May, I got a job offer from an old executive friend.  I’ve had offers here and there since starting my stable network gig in October of 2013, but they were always for really short durations and not worth the risk of having to find something else so quickly afterwards.  This new job offer was for over 30 weeks with a better title and a 7% raise over my current rate; I accepted.   Sure, I could have stayed at my current gig longer, but by the end of it I felt like I wasn’t progressing towards my long term career goals.  I wasn’t broadening my skillset through new material, moving up in rank or pay, maintaining or developing new industry contacts, or seeking new ideas and puzzles to create and solve.  Those are the things that make this line of work fun, and I wanted to get back to it.

My new gig will end in January, and then I’ll have to start looking for something else; however, things are completely different this time around.  I’m way more prepared and less stressed out because I have an emergency fund with a whole year of expenses.  I’ve also expanded my portfolio from a total value of under $2,000 to almost $60,000 during this job.   The portfolio produces an ever rising stream of cash in the form of dividends.  This is money I can use if I ever struggle finding my next job.  Passive income is such a perfect investment strategy for my unpredictable line of work.  For now, the plan is to keep investing at full speed.  I’m going into the new gig eager and hungry; I plan to work super hard and show them the value of my skill-set.  30 weeks is a long time to impress, and hopefully this new production company won’t want to let me go when my time is up.

I had a very tough time finding investments in May but after much analyzing, I pulled the trigger on railroad Union Pacific Corporation (UNP).  I also added $50 to Wal-Mart in my Loyal3 account on May 31st, which bought 0.6691 shares at a stock price of $74.73.  These purchases kept me well ahead of my 2015 portfolio contributions goal with $12,972.58 invested so far this year, or an average of $2,594.52 each month.  Guaranteed work through the end of the year should help me smash this goal.  I’m extra proud of this savings rate considering I’m getting married and already booked a two week honeymoon in the Greek Islands this October.  This trip would have been a fantasy for us just a few short years ago.  We’re followers of that age old advice of spending money on experiences and not things.

2015_MAY_PC

The portfolio did it’s usual thing over the month which is moving up and down in price in some direction that doesn’t really matter since I’m in it for the long term.   A rising portfolio seems amazing on the surface, but dividend growth investors like myself prefer declining and lower stock prices for their larger dividend yields and far more attractive and obvious valuations.  My portfolio value continues to rise each month, mainly because of my steady contributions.  May ended with an overall value of $59,171, an increase of 2.35% or $1,357.93 compared to last month’s $57,813.07.  That’s a year over year increase of 237.32% from last May’s $17,541.28!

2015_MAY_PVH2

I finished the month with a few holdings in the red, but none seemed like obvious buys to me.  Here is my portfolio snapshot at the end of May.2015_MAY_PS

Speaking of editing and producing, I saw this new drone camera for only $499 and thought it’d be selling for at least four times that.  Take a look at this awesome video:

How was your month?  What stocks are you buying?  

My Dividend Growth

http://www.mydividendgrowth.com

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28 thoughts on “Portfolio Update: May 2015
  1. dividendkid

    Very organized. I enjoy the idea of keeping a contribution goal.
    Ill keep reading if you keep posting

    Div Kid

     
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  2. Dividend Mantra

    Ryan,

    Hope that company keeps you on past the 30 weeks. I’m sure they will with your positive attitude and work ethic.

    Keep up the great work. You’re killing it with the capital contributions. The future is bright. Get some sunglasses! 🙂

    Best regards.

     
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    1. My Dividend Growth

      That means a lot, thanks Jason 🙂

      It’d be amazing if the company had another show starting as soon as this new one ends, but sometimes even they don’t have anything lined up or are already in mid production and fully staffed. I’ve still got a good list of contacts to bother after this run, but it’s very likely that I’ll earn less overall in 2016. More than money, I’m wanting to continue establishing several different credits as a long term career investment. If I get even slightly more established I could potentially earn 25 – 30% more each check with steady work. I could buy so many shares in awesome businesses with that kind of cash flow and I think it’s worth the risk. I owe friends like you so much for my new found confidence in making this sort of move now that I’m finally getting my finances in order. Endless thank yous coming your way, sir. Keep showing us how it’s done!

      Best,
      Ryan

       
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  3. FrugalityToFinancialFreedom

    I too realized that confidence to myself self gives me the upper hand. I used to worry about the “what ifs” on my job that what am I going to do if I get fired or what if I messed up, my family is going to starve. But having a nice leeway and the right mindset frees those worries away. I trust myself about my job performance and I know that I can easily find another job if I want to. You have created a great attitude for yourself that will lead you to success 🙂

    Congratulations on the upcoming wedding, I wish you more blessings to come!

     
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    1. My Dividend Growth

      That’s a great attitude to have and really applies to my line of work, thanks for sharing. It’s weird to take a job knowing that the gig is going to end in just a few months and I’ll have to go out and find the next opportunity. But getting this solid start on my finances makes those transitions that much more comfortable. I was the complete opposite of desperate when they offered me the gig, I truly didn’t “need” the job and I think that makes me seem even more appealing to an employer. I can’t wait till the passive dividend income pays the bills and I can take any job I want purely out of enjoyment.

      Thanks for the well wishes, right back at you! Have a great week ahead 🙂

       
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  4. roadmap2retire

    Nice going, Ryan. Keep up the great work. You should hit the magical $100K in portfolio size in no time with a progress like this.

    Best wishes
    R2R

     
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    1. My Dividend Growth

      Thanks R2R! Unless we have a huge market crash, I’m pace to have a six figure net worth before the end of the year… that’s still insane to me! I don’t think the portfolio will turn six digits until next spring or so, which will solely depend on my ability to find another gig with a comparable pay rate. It could be hard, but I think it’s worth the risk. I’m thinking big and sometimes we have go out of our comfort zone to get there.

      Best Wishes,
      ~Ryan

       
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  5. Dividend Growth Investor

    MDG,

    Congratulations on your new job. Networking and good work ethic can result in good opportunities down the road. And your salary is now growing at the rate of dividend increases by a good dividend growth stock too 😉

    I wish the new company keeps you longer. Either way, it is very impressive that you have managed to accumulate a nice collection of dividend paying stocks given the field you are in and the fact your jobs are temporary.

    Good luck in your dividend investing journey! I will stop by to cheer you up on your way to 6 figures!

    Dividend Growth Investor

     
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    1. My Dividend Growth

      DGI, I’m a huge fan of yours and have read every article you’ve published these past two years. Thank you for all you’ve done to help shape the DGI community through your wisdom and shared experiences. I can’t think of a better strategy for my temporary gigs than DGI. What an awesome way to provide income if I get stuck taking a few months off here or there. Hopefully I can build up some much larger amounts to get even more comfortable.

      It means a lot to be on your radar and having your support, you’ve clearly got mine. Best wishes! 🙂

       
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  6. FerdiS

    Great progress, Ryan. I love your charts and visuals — it just tells a beautiful story. Keep up the good work and best of luck in your new gig!

     
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    1. My Dividend Growth

      I appreciate that, Ferdi 🙂 You’ve done a fantastic job of visual storytelling and making progress yourself. If I could have a fraction of your success I’d be a very happy camper 🙂

      Take it easy this week!
      ~Ryan

       
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  7. Dividend Gremlin

    Sounds like a nice career move. Nothing wrong with that, and hopefully you can use that salary bump to push your FI a little harder.

    Pretty ridiculous growth YOY, but that happens when someone is trucking along like yourself.

    – Gremlin

     
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  8. Dividend Gravy

    Ryan,
    Truly amazing work on your part. That’s some serious portfolio growth. I like the charts as well. You are obviously a spreadsheet guy :-).

    I’m with you as to difficulty in finding decent investments these days. I made a single small buy in May, and picked up a little more SO when the yield hit 5%. Just a reasonable value IMO, but perhaps not appropriate for someone your age. SO is more of an old guy stock. No screaming bargains out there, that’s for sure.

    Keep up the great work. You should be very happy when retirement arrives.

    Steve

     
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    1. My Dividend Growth

      Haha, I’m an amateur spreadsheet guy at best but thank you.

      SO is on my watchlist and looking solid here, but you’re right that it’s not near my top priorities. It’s been rough these last few days in the market and hopefully we get a solid further downturn. Thanks for the kid words!

       
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  9. Tawcan

    Great stuff Ryan. Love your charts and tables, just shows that you’re very organized. 🙂

    That little drone looks very interesting for sure.

     
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    1. My Dividend Growth

      I almost bought one of those awesome drones, but I have no practical use for one at the moment and by the I need one I’m sure something better and cheaper will exist.

      Thank you for the compliments!

       
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  10. Vivianne

    Ryan,
    I want to do the Appalachian Trial documentary. Maybe, one day we all in our early retirement, we can carry our equipment and follow our founding father’s footstep.

    From Georgia to Maine :o) or vise versa … to see the changes in the fall or changes in the spring. I think it would be cool to test our survival and nomad limitation.

    ****
    Congrats on the new job!! If you haven’t taken the step to build a small fortune on dividend income and emergency fund, you wouldn’t taken the opportunity out of fear 🙂 Early retirement planning have many benefits.

     
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    1. My Dividend Growth

      I’ll do the documentary if I get to star as Johnny Appleseed trying to spread hard apple cider throughout the trail. Eh? That does sound like an awesome hike, I knew some guys that did something similar on the west coast from LA to Portland.

      I’m pretty excited to change things up with the new gig, thanks for the nice comment.

       
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      1. Vivianne

        Is it legal to introduce new species? Anyhow, Mr. and I are going to sit down to cook up a bucket list of things we’d do when we reach retirement.

        If it’s just going to be me, I’d go to south east asia, and $500 is sufice. 🙂

         
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        1. My Dividend Growth

          Haha. That sounds awesome, I hope you guys create an amazing list and follow through. I’ve been talking to my parents about that a lot, I’d love to retire around the same time or shortly after they do and encouraged them to start making a list of everything we can do together. I left home a third of my life ago and seeing them just once or twice a year isn’t nearly enough so I’m working extra hard to earn financial freedom to be in their lives physically more often. I really want to increase my income further and every cent I pile into investments takes that much time off my FI date.

          Have fun planning and thanks for the comment!
          ~Ryan

           
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  11. The Dividend Drive

    Excellent to see the progress still rolling along at such a rapid pace. Well done! I am sure you’re delighted. Comfortably ahead of your contributions goal as well at this stage. That extra $25,000+ will really make an impression in the future!

    Keep up the great work.

     
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    1. My Dividend Growth

      Hey there! I’m hoping this new gig keeps everything rolling, but you never know. You’ve been making some amazing progress yourself, and some great content. Thanks for stopping by.

       
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  12. DivGuy

    Hey Ryan,

    We work in two very different fields, but both are performance oriented. Sure we can feel the pressure, but I’m sure your skills and attitude will impress. If they can’t keep you after 30 months, who knows where this new experience will lead you? Life has proven me that when you value experiences over things, best is always to come! 😉

    Your dividend income/portfolio is pretty impressive each month. Your YOY is absolutely insane! You’ve got it, keep up!

    Cheers,

    Mike

     
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    1. My Dividend Growth

      That’s a great point, Mike. Something completely different might happen that’d I’d want to roll with, never say never. Maybe I’d buy an RV and just travel around living on dividends 😉

      All the contributions are making it grow nicely, hehe. I’m excited to see what this portfolio looks like 3 years from now, I’d be very happy if it were only twice this.

      All my best,
      Ryan

       
      Reply

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