September Dividend Income Update

I have been building a stock portfolio of dividend stocks outside of my retirement accounts that I will use to help produce income in retirement. This portfolio was valued at $122,656 as of the end of September.

My Annualized Dividend Income as of the end of September increased to $6,249 from $6,224 over the past month. This means my dividend stocks will pay $6,249 in dividends over the next 12 months. This portfolio of stocks has a current yield of 5.09%.

All my dividend distributions from the month went toward paying down debt. The stock market was down for the month but we continue to see companies increasing their dividends this year.

Most of my stocks are held in my new Vanguard Brokerage account and the rest are DRIPs. 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 Tuesday.

September Net Worth

As of the end of September our Net Worth decreased to $868,690 from $894,761 for the month which is a 2.91% decrease. The decrease in net worth is tied to the decrease in the stock market for the month. The S&P 500 was down 7.03% for the month of September.

The breakout is as follows:
ASSETS
Retirement Accounts $440,524
Taxable Accounts $122,656
Cash $28,524
Home $205,000

Other Real Estate $137,500
Cars $6,300
Personal Property $3,000
Kids 529 Accounts $38,860

DEBT

Other Mortgage $111,274

Credit Card $2,400

NET WORTH

$868,690

Here is the summary for this month:

The stock market was down for the month of September. The S&P 500 was down 7.03% for the month and that accounted for most of our decrease in value.

We now have $2,400 in credit card debt that is interest free for 12 months. The money was used to furnish our new investment condo. We will continue to use our other credit cards for rewards but payoff the balances each month. All dividends received this month went toward paying down debt.

We will be paying down debt and trying to 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 Monday.