One month down, eleven to go. 2016 has started off with a bang, more appropriately a fizzle. The only bright spot in January is my monthly dividend update; it came in as a record January for me. The past month was tough on investors and there is still no light at the end of the tunnel. It’s times like these when the resolve of a long-term investor is tested. Dividend cuts and double-digit stock price drops lead to market selloffs. Are you holding or selling, buying or hoarding cash? I’m holding and buying. I see market drops as future opportunity. Having said that, I still fall into fear mode on occasion. My portfolio is down thousands, thanks to the energy sector. But, I believe I will win in the long run.
January started the year off right for me. I saw a massive increase in my monthly dividend income. This past month I earned $527.11 in dividends. While not the largest monthly dividend update I’ve reported, this amount crushes my January 2015 dividend income of $52.33. One year of full-time dedicated investing catapulted my monthly dividend income from $52.33 to $527.11. This increase represents some serious exponential growth, and I could be more happy with this result!
My Dividend Update
My dividend update for January 2016 is as follows:
My Dividend Update – Year-Over-Year
The chart below tracks my monthly dividend update on a year over year basis. 2015 numbers are red and 2016 numbers are orange. I mentioned this above, but visually my YOY dividend increase is so impressive I had to show it 🙂
My dividends in January went from $52.33 in 2015 to $527.11 in 2016.
Full Disclosure: Long ROYT, O, PM, BKE, CSCO, BNS, STWD, GE, DPS, MO, WMT, DLR
What’s your January dividend update? Are you buying, selling, or holding now?