So despite creating this blog in Nov 2015, I didn’t really do anything with it. I got excited about creating a blog, and then all of a sudden, I lost interest. Now, about 8 months later, I’m excited again.
I finally found a theme I like for this blog. Simple and relatively effective. If anybody is out there and is reading this, I could use any suggestions. Be the first to leave a comment. I’m sure as this blog grows, so will the sophistication of the site increase.
In any case, here is my update for May 2016. As reflected in the portfolio, I purchased 2 shares of Coca Cola and 2 shares of Realty Income. With these stocks, I use Robinhood to buy the stocks. For Exxon Mobile, I’m using drip investing. I chose Exxon Mobile because there were no fees to set up or to make ongoing automatic investments. In later posts, I will talk about why I chose Robinhood and why I’m investing the way I am.
But OMG – If I did nothing else, I will make $30.13 in annual dividends this year!!! This is a remarkable statement. I have been trying to figure out how to make money online for years. I’m still working on that part of it. And although this isn’t exactly making money online, it’s close enough. Passive income is a great thing.
Now, granted, $30.13 a year is not going to change my life, not by a long shot. However, watching my dividends makes me want to buy more stocks so I can get more dividends. As I stated in other posts, I usually waste money going to the Casinos or going to Bingo. But, investing in dividend stocks I think is a much smarter way to spend my money. I know it’s going to take a SUBSTANTIAL amount of stocks to generate even a respectable amount of dividends. However, I’m hoping that even if I get halfway there, it will be better than doing nothing.
This blog is an effort to keep me on the difficult path. I’m starting with this May 2016 update. I intend on adding a post at least once a month and realistically at least once every two weeks, as I intend on buying shares on a biweekly basis, which is when I get paid.
Don’t forget to leave a comment.
the site looks beautiful!
I hope this all works out for you bro, all the best and I’ll do my best to help you out
Good luck, do tell how it works out for you.
Thanks a lot Fish.
Just found your blog, while trying to figure out how to start dividend investing. Reading your posts, gives me hope as I am starting out in roughly the same position.
Good Luck and I look forward to future posts
I’m glad you found the site Jdhansen. This is all very new to me too. I am happy to help where I can. We all have to start somewhere, but it helps having a community of like minded folks to help along the way. I’m looking forward to you coming back for future posts.
I will follow your blog – like you, i was exciting about dividends (and all kinds of different forms of income). But i have only started recently. So we are at the same start (sort of). Good luck, mate, and hope to see you do well!
Thanks for the support mr MB. It’s always difficult starting out at first, but I imagine it gets better over time. Stop by any time.
Blogging is one of those things where inspiration is tough to find at times. When I’m down on blogging I visit some of my favorite blogs and comment more. This seems to get me going again. Congrats on the dividends. It’s not life changing right now, but with persistence dividends grow quickly. My first dividend month was lass than $3, and now 2 years later, I’m looking at a new record just above $800 this month. Best of luck to you.
Appreciate it Investment Hunting. I’m definitely feeling the ups and downs now, but slowly but surely, I’m heading in the right direction.
There is a lot of reading for me to come on here. I like your investing style. Not everyone has loads of spare cash to invest on a regular basis. I’m 40 now and wish I still had my Emera, Fortis, and Canadian Utilities starter portfolio – 100 shares each. Back then I wasn’t using money I could afford to lose. I was playing partially with borrowed money.
This was back around the recession period – scary times. I gained some money after March 2009 and lost lots prior. I try not to live in the past though. I’m just learning from mistakes I’ve made and pick up from mistakes others have faced.
I don’t borrow to invest anymore. It just isn’t worth it in the end – the stress.
Welcome to the site. I agree with you that investing in 2009 was indeed scary times, but that’s why I’m a big fan of long-term investing. That way, you can weather the storm if need be. I do realize that not everyone is in the same boat however. I hope that you continue to find value in the site going forward.