I received $116.09 in taxable September 2018 dividend income. This is low for my typical end-of-the-quarter month, but for some reason VTI is paying in October this time and that is my largest holding.
I’m a full month in to my new job and the December wedding is just about all planned. These things have kept me pretty busy. I fully intend to write a full post (or more) about all these changes! 401k rollover, Traditional IRA rollover, contributing to two 401k’s and HSA’s without going over the limits – it goes on and on. For now, I can sum up my portfolio management in one word: efficiency!
How have I maximized my portfolio efficiency when I hardly feel like I have time to make dinner?
I just built up my VTI position this month. This required little brain power and gives me a little bit of everything. It also pays a (generally) growing dividend! The rest of my portfolio has remained on autopilot, and I prioritized other things that needed attention.
Anyways, let’s see how my dividends did this month.
September 2018 Dividend Growth
Any time I get double digit raises, it makes me happy. I see my dividend income stream as another paycheck coming in (even though I reinvest it). Dividends are a bit more tangible to me, even despite my lower portfolio yield. This month, I would have had to invest $194 to generate the additional future income I got from dividend raises instead.
September 2018 Forward Dividend Income
My favorite chart of the month. My September was similar to August in terms of generating future cash flow. I’m back to making contributions, so my future income from new investments is showing up as gray bars again.
September 2018 Purchases – VTI
10 shares of Vanguard Total Stock Market ETF (VTI) @ $149.17/share; and 10 more shares @ $149.41/share
I spent about three minutes on my portfolio this month. My new job is keeping me much more stimulated, and honestly, I spent free time at my old job working on my portfolio. Without that free time this month, VTI was perfect for me. I don’t worry about timing the market, so I dumped some funds into VTI in my taxable account without even thinking.
I don’t have many goals, but I do want to bring my VTI position into the dollar range as all my other dividend growth investments put together. After September’s purchases, my VTI position is about a quarter of my taxable portfolio. Why do I like VTI?
- I don’t have to think about it.
- It’s automatically re-balanced as long as I own it.
- Its wide range consists of great companies like GOOG and AMZN that I want exposure to. It also includes smaller companies that are not on my radar.
- It pays a dividend, and has maintained an 8.4% growth rate the last five years.
- I hate to admit it, but it performs about as well as my own portfolio.
Head on over to my portfolio page if you’d like to see what companies pay me in other months!