Passive income, personal finance and fintech.
Another month has passed, and the dividends keep on coming. I did not expect October to be a particular good month, but the fact states that this has been the best month so far this year, with over $300 received.
The main reasons for this peak is the large dividends received from my more riskier positions, such as MRRL, SMHD and REML. These distributions will vary over time.
Dividends received this month:
I've started tracking my monthly income by how many Fridays I could take off work. My current hour rate is about $25, so with the October figures I could have taken ($25 * 8) / $329.07 = 1.64 Fridays off! I'll keep pushing to get this figure to 4.
I had no investment in telecommunication, and decided to diversify my investment into three telecommunication companies: Telenor (Norway), Telia (Sweden) and AT&T (US). The latter one I bought in the start of October only to see the stock decline about 10% after. Fortunately I was able to buy some more later in the month after collecting the dividends mentioned above. Thanks to Mr. All Things Money for his analysis on AT&T.
I invested a total of $9,038 during October, which is way more than the month before. I do not expect to be able to invest such a figure the following months, but do hope to find 1-2 companies before we write 2018.
The graph below illustrates my dividend income so far this year.
Total dividends so far this year now amounts to $1,992. That is only $8 from crossing the $2,000 bar. This will for sure happen in the next couple of days!