I've fielded a few requests before, and I suppose I should have some neat-o type graph-o-metre on the side of my blog somewhere indicating my current level of monthly gain/loss and/or incomes from my progress.
I have alluded to it in the past on a percentage basis, but as my costs are dramatically different because of where/how I live (object poverty) so percentages might have been too unclear for you to really understand how beneficial doing what I do can be to your monthly income.
GROSS Dividends/distributions/interest = $510.59
NET (after margin expenses) = $331.73.
So that may not sound all that great... but to my starving artist lifestyle it's huge. Monthly income when sometimes I have none? It's awesome.
It's always re-invested mind you... I just draw down my margin when I have a slow month and my work doesn't keep up with my fixed expenses. Then "re-balance" when necessary.
I net about $260. Most new stocks I bought this year have pretty low distributions. My portfolio is taking a beating these last few months, ouch.
ReplyDeleteMine two... but aside from one of my holdings having a setback and reducing their distribution and another holding having a permitting setback, nothing much has changed. My holdings generally trade lock-step with the market but yield 6% regardless.
DeleteBut yes, it does feel awful when you see things fall $x,000's per day, day after day.