Dividend Income March 2020
March is over and it was a crazy month not only in terms of investing also we are confronted with restrictions in our daily, which probably we could never think of 6 weeks ago.
The market reacted very crazy to it, I think it was the fastest crash ever, but to be honest in terms of economical downturns the worst part is still ahead of us. In terms of dividend income March was a great month again, the development of my dividend income is still very good and I managed it again to increase the income compared to last year. In total, I received 320.50 EUR compared to a dividend income of 183.75 EUR in 2019, which is an increase of 74.42%. But I am very open I think this is the last month where I will see actual increases compared to last year. Since I have some positions and I am expecting some dividend cuts in the near future.
Why am I actually publishing my monthly income result? Well, to be honest for me it is more or less to write down my progress and to stay motivated in the end. In the last weeks I was looking at my results from three years ago, and I have to say I made quite a progress in the meantime. It is still a long journey to reach my goal of a yearly dividend income of 10 000 EUR but it is more than doable you just need the patience and this is what I want to show you with my monthly dividend income updates. So have fun reading my July Update…
Overview dividend income March In total I received 320.50 EUR compared to a dividend income of 183.75 EUR in 2019, which is an increase of 74.42%.
The increase is mainly coming through stocks I added in during the last year.
Conclusion
My projected full-year dividend income is now at 2 618.80 EUR that means I have now an average of 218.23 EUR per month, assuming there will be no dividend cuts. My goal until the end of the year is still to have a projected dividend income of about 3 700 EUR. Given the current prices, this should be more doable. I will stick to my strategy and will invest in strong dividend stocks and I think in around May or June I am expecting crazy yields on some dividend stocks. This time I secured my portfolio a bit, with a small short position of the Dow Jones and the German Dax. So if it is really getting bad I will have additional cash to invest in. So stick to your strategy through these tough times and you will be a benefit for it in the future.
Again I have to say that investing in Dividend Stocks, ETF’s or whatever which is for the long run really pays you back. It is not that difficult you just need to focus on the long run. I am quite sure in the midterm a lot of us might have a portfolio in the deep reds. But this is the time where we should buy and not sell. Investing is for the long term. I am now into that for three years and my snowball already starts to get bigger and bigger month by month. I am already curious where I am in 5 years from now on. It is just important to keep in mind:
Disclosure: I do not recommend any decision to the reader or any user, please consult your own research.
Disclaimer: I wrote this article myself, and it expresses my own opinions. I am ...
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