Dividends for Jul 2024 - Towards 5k a month

Here are my dividends for Jul 2024:

So I collected $3,617.16 in dividends for this month.

 
In case you are wondering, some stocks are repeated because I have 2 brokerage accounts.

Here are my monthly dividends over the last 6 years:

                                 

July is the month where things are starting to ramp up, with a peak harvest in August. 

Here are the dividends I collected every year until the current day

                            

Interestingly, in 2 years, I have already surpassed my total yearly dividends in 2022. 

For the year 2024, my average monthly dividends per month is now $2,490.58. 

Here is the progress of my average monthly dividends over the years:

                                 

I plan to first receive $2500 (almost there!), then finally $5000 in dividends every month on average.

Additionally, I share the interest I received from the various banks for the deposits in this month:

So I collected $578.71 in interest payments this month. This is the largest interest I have received thus far. 

It was achieved with a bit of fine-tuning:

https://financeopti.blogspot.com/2024/07/financial-fine-turning-unlocking-my.html

Onwards!   

 

 

Dividends for Jun 2024 - Towards 5k a month

Here are my dividends for Jun 2024:

                                    

So I collected $1,306.87 in dividends for this month.

 
In case you are wondering, some stocks are repeated because I have 2 brokerage accounts.

Here are my monthly dividends over the last 6 years:

                               

June is a slow month typically.

The next few months are typically the months where I collect the highest dividends, all the way till Sep.

Here are the dividends I collected every year until the current day

                            

Interestingly, in 3 years, I have already surpassed my total yearly dividends in 2021. 

For the year 2024, my average monthly dividends per month is now $2,291.02. 

Here is the progress of my average monthly dividends over the years:

I plan to first receive $2500, then finally $5000 in dividends every month on average.

Additionally, I share the interest I received from the various banks for the deposits in this month:

                            

So I collected $518.37 in interest payments this month.

There will be a change in strategy for my deposits starting from July onwards. Will do a post on it soon. Stay tuned!

Onwards!   

 

Creating a Bond Ladder

I am creating a bond ladder.

The aim is to create a perpetual (as long as possible) revenue stream every month. 

Here's how it is going to work. 

I plan to buy 6 months time deposits or 6 months T-Bills, one at a time, once every month. 

At the end of 6 months, the first time-deposit/bond will mature, and I collect the interest. At the same time, I put the capital back into another 6 months time deposit/TBill. 

Conceptually it looks like this:

And it continues as long as the interest rates are above 3.5%.

I have already set up the first 3 tranches.

The first 2 tranches were set up using StashAway Simple Guaranteed, at the interest rate of 3.5% p.a.

The third tranche was set up using 6-month TBill, at the interest rate of 3.73% p.a.

So why did I use Stashaway Simple Guaranteed when TBills offer higher interest rates? No particular reason, but when I saw 3.5% in Stashway Simple Guaranteed, I thought it was good and I put money in - the process was easy and straightforward. Later I thought since TBills offer slightly higher interest rates, I should switch to TBills instead. 

So from now on, I will be able to earn $175-$184 every month, as long as interest rates stay above 3.5% p.a.

If you have spare cash, set up your own Bond Ladder today!

Any flaws with this method? Comment below. 

Dividends for Jun 2023 [Financial Independence]

Here are my dividends for Jun 2023:

So I collected $1,179.34 in dividends for Jun 2023. 

In case you are wondering, some stocks are repeated because I have 2 brokerage accounts. 

Here are my monthly dividends over the last 5 years:

Here are the dividends I collected every year until the current day:

Also, I calculated I received $427.62 in deposit interest this month (SC Bonussaver Card Spend interest 1.3% + Trust Bank interest 2% + CIMB Fastsaver interest 1.5% + Wealthfront 4.55% + GXS 3.48%).

Onwards!

Dividends for May 2023 [Financial Independence]

 Here are my dividends for May 2023:

So I collected $1471.65 in dividends for May 2023. 

In case you are wondering, some stocks are repeated because I have 2 brokerage accounts. 

Here are my monthly dividends over the last 5 years:

Here are the dividends I collected every year until the current day:

Also, I calculated I received $504.99 in deposit interest this month (SC Bonussaver Salary interest 2.5% + Card Spend interest 1.3% + Trust Bank interest 2% + CIMB Fastsaver interest 1.5%).

Onwards!

Dividends for Apr 2023 [Financial Independence]

Here are my dividends for Apr 2023:

So I collected $784.79 in dividends for Apr 2023. 

In case you are wondering, some stocks are repeated because I have 2 brokerage accounts. 

Here are my monthly dividends over the last 5 years:

Here are the dividends I collected every year until the current day:

Onwards!

Dividends for Feb 2023 [Financial Independence]

 Here are my dividends for Feb 2023:

So I collected $722.25 in dividends for Feb 2023. 

In case you are wondering, some stocks are repeated because I have 2 brokerage accounts. 

Here are my monthly dividends over the last 5 years:

Here are the dividends I collected every year until the current day:

Let me know if anything else you want to know about my dividends?

Onwards!

Dividends for Jan 2023 [Financial Independence]

 Here are my dividends for Jan 2023:

So I collected $2644.74 in dividends for Jan 2023. 

In case you are wondering, some stocks are repeated because I have 2 brokerage accounts. 

Here are my monthly dividends over the last 5 years:

Here are the dividends I collected every year until the current day:

Let me know if anything else you want to know about my dividends?

Onwards!