Ahhhh yes dividends. If I had to choose between rental income and dividend income I would choose dividend income. Mostly due to its passive nature.

I continue to accumulate a few shares here and a few there each and every month. You wonder when it will EVER become something more sizable to live off. But with persistence and focus, you will find yourself surprised how fast it grows over the years.

Dividend investing is a long game.

You maintain your focus on the long term thesis and the dips in prices begin to present themselves as potential opportunities. Fear subsides, as excitement for the future becomes the more dominant emotion.

You begin to recognize that behind uncertainty is where potential opportunity resides.

The occasional realization of how far you have come fuels your ambition and confidence over time.

Everything starts small. So, start NOW. Regardless of the amount you start with.

The statistics show the majority will not hit home runs in life. But you don’t allow such statistics to govern your path.

So, make sure you traverse the long road while you carefully and methodically continue to swing for those home runs. And in time, you would be surprised more often than you realize how “lucky” you often are.

With that thought, here is what I have been up to with my dividend portfolio.

 

News That Matter

AT&T (Ticker: T)

• WarnerMedia plans to cut costs by up to 20%. Company plans to save about $6B by 2023.

Boeing Company (Ticker: BA)

• Company plans to move 787 production away from Seattle to its facility in South Carolina. Boeing will cut 787 output to six a month in 2021 vs a recent peak of 14.

Qualcomm (Ticker: QCOM)

• U.S. appeals court declines FTC’s appeal against antitrust case. 🥂

 

Buy Orders

 

Sell Orders

 

Pass Go and Collect Dividends!

 

Dividend Increases & Cuts

• Energy Transfer slashed dividends by 50% before earnings. Details to follow during earnings call. Not surprised here. Will I sell? Nope. I will continue to reinvest the dividends.

 

Portfolio Snapshot

 

• YoY Monthly dividend is up 5.08%. 
• YoY Projected annual dividend is up 26.9%. 
• YTD Dividend income: $5,501.88

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Wrapping Up

Regardless of who becomes the president, I will continue to accumulate shares of companies for the long term. Don’t let the political noise scare you away from your long term goals.

Some around me have sold a significant amount of their portfolio holdings, some have completely sold everything, and others making changes to anticipate a rotation and policy change.

What am I doing? Not much. Just continuing to buy a share here and there. I’ve come to realize for the long term investor, elections and political uncertainty is just an opportunity to take advantage of the volatility in the markets to deploy more capitol. I just hope I am smart enough to buy when an opportunity presents itself.

That’s a wrap for the month! 🚀