Owning stocks mainly from my Master Stock List, I’m generating passive dividend income from my Vanguard taxable account.
Each month, I contribute dollars to my Vanguard money market account and wait for it to build enough cash to purchase a dividend stock. In Q1 of each year, I also receive annual bonuses that go to the purchase of dividend stocks.
Goal
Generate over $15,000 in annual stock dividend income by 12/31/25.
Updated Income
Through June 2019, I’ve received $1,025 in dividends. I’m forecasted to receive $1,767 of dividend income my first 12 months of receiving my first dividend.
Looking 12 months out from today (July 2019 – June 2020), I’m expecting to receive $2,511 in annual dividend income if I made no changes to my current stock portfolio. This leaves me about $12,489 short of my current goal but I’ve got to time to close the gap.
Thanks for reading the update!
Mr. TLR