With the beginning of the new year I have decided to chronicle my journey to financial independence online for the world to see. I made my first stock purchases in the last days of December, 2013 when I injected almost $8,000 into eight different dividend paying stocks. My goal is to invest at least $1,000 every month into whichever dividend stock I feel provides the highest value at the time and share with you my journey to financial freedom. My portfolio is currently:
Portfolio as of January 2014
This results in a forward yearly dividend payout of $363.81. In January a total of two stocks in my portfolio paid dividends, they include:
The final tally for dividends earned in
January 2014 was $14.97. It might
not seem like much but we all have
to start from the beginning.
This covered 0.671% of my total spending for the month. If you pull out your magnifying glass you can almost see the tiny green bar.
Hopefully this is the start of a long and rewarding journey. I do not know if anyone will ever actually read this blog but maybe the process of writing about my personal finance and investment ideas will keep me motivated and on the path to financial independence.
Take care and have a lovely weekend.