My Annualized Dividend Income as of the end of January decreased to $6,115 from $6,168 over the past month. This means my dividend stocks will pay $6,115 in dividends over the next 12 months.
I made around $550 of dividend stock purchases for the past month from new purchases and dividend distributions. The stock market was up for the month and we continue to see companies increasing their dividends this year. The reason for the decrease was the sale of PWE and the purchase of more natural gas companies.
I plan to continue selling off some stocks that are no longer paying dividend throughout the year and add a few hundred dollars a month to our dividend paying stocks.
Most of my stocks are held in my Zecco Trading account and the rest are DRIPs. The dividends from my stocks are reinvested but I am keeping track of the amount of income I could receive once I retire or choose to receive the dividends in cash.
I will post my Top 20 Stock Holdings on Friday.
Thursday, February 3, 2011
Wednesday, February 2, 2011
January Net Worth
As of the end of January our Net Worth increased to $923,029 from $914,573 for the month which is a .92% increase. The increase in net worth is tied to the increase of the stock market in January.
The breakout is as follows:
ASSETS
Retirement Accounts $491,779
Taxable Accounts $137,513
Cash $39,754
Home $205,000
Cars $6,900
Personal Property $3,000
Kids 529 Accounts $39,083
Here is the summary for this month:
The stock market was up for the month of January. The US economy continues to show signs of very slow growth.
We are still debt free since we paid off our credit card debt. We will continue to use our credit cards for rewards but payoff the balances each month. I received around $150 in dividends for the month and have used the cash from these dividends and $400 to make additional stock purchases.
We will be building up our cash over the next few months to increase our cash reserves. You can click on my Net Worth graph on the right to see the changes in each category from the previous month. We continue to fund our Roth IRA's each month.
I will post my Dividend Income Update on Thursday.
The breakout is as follows:
ASSETS
Retirement Accounts $491,779
Taxable Accounts $137,513
Cash $39,754
Home $205,000
Cars $6,900
Personal Property $3,000
Kids 529 Accounts $39,083
Here is the summary for this month:
The stock market was up for the month of January. The US economy continues to show signs of very slow growth.
We are still debt free since we paid off our credit card debt. We will continue to use our credit cards for rewards but payoff the balances each month. I received around $150 in dividends for the month and have used the cash from these dividends and $400 to make additional stock purchases.
We will be building up our cash over the next few months to increase our cash reserves. You can click on my Net Worth graph on the right to see the changes in each category from the previous month. We continue to fund our Roth IRA's each month.
I will post my Dividend Income Update on Thursday.
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