I hope everything enjoyed their Thanksgiving (US readers) and fall for those outside the states. November is an interesting month, the calm before the storm that is December, the month with high payouts from funds, dividend stocks, and tax loss harvesting. Just two weeks ago the markets were facing some strong pressure due to oil, and continued to present opportunities in many areas for investors. I know I’m ready for some more discounts on great companies!
Before I get too carried away looking forward, let’s take a look at how November turned out!
November Passive Income and Pageviews:
Blog Pageviews: The growth in readership continues as I hit a new blog high with 8,292 pageviews, or an average of roughly 276 per day. Needless to say, the credit goes to you the readers, so thank you for your support.
My secondary goal for the year is to hit 20,000 unique visitors, or users, as Google now calls them. I continue to track along well with this goal, hitting a total of 17,474 for the year to date. While I’m behind the annualized pace for this goal, I’m hopeful and confident that the increase in readership each month will translate into a late year push toward obtaining this goal.
During the month I was able to post five times, and those posts are listed below. Feel free to check them out!
- Trades – October No-Cost Dividend Growth Portfolio Purchases
- Declined: Credit Card Use Banned at Loyal3
- Passive Income and Pageviews – October 2014 Update
- Trades – BHP Billiton (BBL) Purchase
- Trades – Chevron Corporation (CVX) and Baxter International (BAX) Purchases
The second post of the month, about the ending acceptance of credit cards at Loyal3 was by far the most popular, even garnishing attention from Loyal3 themselves when they tweeted out the article! Pretty awesome to have a third party recognize your post.
Lending Club/Prosper: November wasn’t the strongest month, more middle of the road than anything, yet I still earned in excess of $130 for the month across the accounts. Total time spent this month to earn this money? Zero. The true definition of a passive investment. As the clock ticks towards having invested with Lending Club for almost six years, I am continuing to look forward to having a piece of my assets in this income generating machine.
While I am nowhere close to hitting my income goals, I am still seeing great returns. Overall, the reason for the miss is mostly due to not contributing as much capital to these accounts as I originally thought I would. While I haven’t finalized my investment plans for 2015, adding some capital to my P2P lending accounts will definitely be something that’s part of the mix. Fresh capital isn’t the only source of compounding. Simply reinvesting triple digits of net interest each month will compound and grow my income stream. If I continue to average a 10% return, my balances will double every seven years or so, even without adding any more capital. Not a bad proposition at all!
If time allows, I’ll do a comprehensive review of my P2P assets at some point within the next couple of weeks.
Dividends: One of the busiest months in the history of my dividend growth journey, I made several investments in my IRA account, given a small rollover from a previous 401(k). As part of this increased investment, I was able to cross the $2,000 mark in forward 12-month dividends. Always sweet to hit milestones! As we continue through the quarterly dividend cycle, the second month is a strong month, although not quite as big as the third month of the quarter. Given the latest investments and the future capital earmarked for my dividend growth accounts, things should continue to grow quickly.
During the month of November, I received $130.95 of dividends from seven different companies. Be sure to check out my 2014 Dividend Calendar which shows each dividend received by portfolio, and projects my future dividends for the year! Any time I cross that triple-digit mark, it is pretty exciting. At this point I am anticipating a permanent stay above this line going forward. A milestone? I think so.
Below is a list of all my dividends received by company and whether those dividends were reinvested directly.
- American Realty Capital Partners (ARCP): $15.70, reinvested into 1.813 shares
- Deere & Company (DE): $10.80, reinvested into 0.126 shares
- Kinder Morgan (KMI):
- Taxable: $13.83, reinvested into 0.352 shares
- IRA: $42.18, reinvested into 1.072 shares
- Kraft (KRFT) – Loyal3: $0.97, reinvested into 0.017 shares
- Omega Healthcare Investors (OHI): $25.88, reinvested into 0.684 shares
- Prospect Capital (PSEC): $21.00, reinvested into 2.169 shares
- YUM! Brands (YUM) – Loyal3: $0.59
As with previous months, I am directly reinvesting all my dividends until my annual dividend income falls between $2-3,000 per year in a particular account, allowing me to reinvest more selectively a few times per year. This of course is always subject to change. For the dividends in my Loyal3 Portfolio, they will be selectively reinvested as earned or combined with additional contributions monthly. You can read about the dividend reinvestment options with Loyal3 in my Snowball City – Loyal3 Dividends post.
Oddly enough, KRFT was directly reinvested in my Loyal3 account. I’ve heard ‘rumors’ that once you receive $10 of dividends from one particular holding it will be reinvested. I’ll know for sure during the first quarter of 2015 as I receive in excess of $10 in a single payment from a stock.
In addition to the dividends being reinvested above, I also made $1,500 worth of purchases in my Loyal3 account. The details of those purchases can be found here: Trades – November No-Cost Dividend Growth Portfolio Purchases. In addition to my Loyal3 transactions, I purchased shares of Baxter International, BHP Billiton, Chevron Corporation, and IBM during November.
When factoring in my dividend reinvestments, dividend increases and decrease – PSEC, and the stock purchases during the past month, my forward 12-month dividends increased to $2,090.54. This represents an increase of $334.03 from October’s mark, and an increase of $812.26 from a year ago. The below chart reflects my dividends received, as well as my forward 12-month dividends since the beginning of 2013, when I started tracking things on the blog. I’ve switched this chart back to being a bar graph, as it more clearly shows the quarterly cycling of dividend income.
Passive Income Summary
During November, I received a total of $264.50 of passive income, well diversified across my two investment types, dividends and peer to peer lending. Overall, my year-to-date passive income earned is $2,950.72. For 2014, I am averaging $268.25 per month of passive income. You can find below my updated passive income chart showing my overall passive income for the last 23 months, since January 2013.
November was another step forward in creating a passive income stream to supplement my current income and provide the financial leverage needed to live a life unlike any other. As of right now, December is looking like it will be a record setting month for passive income, however we will have to see what the last few days throw at us!
Don’t hesitate to look around; you can find details on the various aspects of my passive income pieces under their respective pages, Lending Club, Prosper, and the completely revamped Dividend Growth Portfolio. Additionally, you can find all of my monthly updates under the Passive Income Updates page, and all my monthly updates and incremental progress towards my 2014 goals on the Goals page.
Flickr: Holly Cawfield