October always seems to begin a fairly intensive planning period for me that lasts through the holidays. As you enter the last quarter of the year, you generally have a pretty good idea of how close you will come to hitting your goals, and begin to think about where you’d like to be over the course of the next year. Perhaps it is because of this that I enter into this planning period, constantly running numbers and projecting out into the future. After getting married earlier this year, things are without a doubt different, but in an immensely positive way. Planning for two is fun, as we each weigh in with our own respective wants and desires, but share a common objective.
But enough about that, you folks are here to count some cash and see how things are going. So without further ado, let’s dive into October’s passive income and blog update!
October Passive Income and Pageviews:
Blog Pageviews: After experiencing the highs of a strong bounce-back month in September, October upped the ante even further and became a record setter. Flying by my previous high from back in March of this year, October checked in at a sweet 7,716, an average of roughly 249 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 15,362 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 in reverse order of posting. Feel free to check them out!
- Slow Down To Speed Up
- Wait, More Spreadsheets? Hello, Dividend Growth Portfolio
- Trades – General Electric (GE) Purchase
- Introducing the 2014 Dividend Calendar
- Passive Income and Pageviews – September 2014 Update
Lending Club/Prosper: October turned in my third strongest net interest total since I began investing in peer to peer lending. With a combined $183.03 across both all three accounts, I was able to generate a strong level of passive income with very little effort. So like clockwork, I continue to experience returns in excess of 10%.
As I said last month, I will likely come nowhere close to my intended income goals from my peer to peer lending accounts. Looking forward, I will likely begin to add some capital to my accounts, how much and to which account has yet to be determined, but this should have a positive impact on my net interest moving forward. Of course, reinvesting triple digits of net interest each month will also continue to compound and grow my income stream.
Dividends: Unlike September’s record setting numbers, October returns back to earth as the first month of each quarter has the lowest payouts. However, as I invest additional capital into my portfolio, this first month will continue to build into a respectable number all by itself.
During the month of October, I received $91.30 of dividends from six different companies, an increase of 43.3% over last year’s $63.71. Be sure to check out my 2014 Dividend Calendar which shows each dividend received by portfolio, and projects my future dividends for the year! While not quite triple digits, I’m getting pretty close, which is awesome considering it is a “down” month.
Below is a list of all my dividends received by company and whether those dividends were reinvested directly.
- American Realty Capital Partners (ARCP): $15.59, reinvested into 1.346 shares
- Cisco (CSCO): $10.08, reinvested into 0.426 shares
- General Electric (GE): $9.98, reinvested into 0.388 shares
- Coca-Cola (KO): $11.94, reinvested into 0.281 shares
- Coca-Cola (KO) – Loyal3: $2.05
- Philip Morris International (PM): $20.90, reinvested 0.247 shares
- Prospect Capital (PSEC): $20.76, reinvested into 2.129 shares
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.
In addition to the dividends being reinvested above, I also made $1,010 worth of purchases in my Loyal3 account. The details of those purchases can be found here: Trades – October No-Cost Dividend Growth Portfolio Purchases. In addition to my Loyal3 transactions, I purchased an additional 85 shares of General Electric during October.
When factoring in my dividend reinvestments, dividend increases, and the stock purchases during the past month, my forward 12-month dividends increased to $1,756.51. This represents an increase of $127.75 from September’s mark, and an increase of $498.44 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 to a bar graph, as it more clearly shows the quarterly cycling of dividend income.
Passive Income Summary
During October, I received a total of $274.33 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 $2,686.22, which means I’ve now surpassed 2013’s passive income total. For 2014, I am averaging $268.62 per month of passive income. You can find below my updated passive income chart showing my overall passive income for the last 22 months, since January 2013.
October was another rock solid month for passive income and an even better month for blogging. As of right now, things are shaping up to be pretty exciting throughout the rest of the year! Hope you all rocked October!
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: Neils Linneberg