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(s). In Q1 of each year, I also receive annual bonuses (~$40,000-$50,000) that go to the purchase of dividend stocks too.
Goal
Generate over $15,000 in annual stock dividend income by 12/31/25.
Updated Income
In Q3, I added to my Royal Dutch Shell and Exxon Mobil positions. This added $374 to my next 12 months dividend forecast.
At the end of this month (October 2019), I will have completed my first full year of dividend investing. I will have received $1,814 in dividends in my first year.
Looking 12 months out from today (October 2019 – September 2020), I’m expecting to receive $2,885 in annual dividend income. This is assuming I make no changes to my current stock portfolio. This leaves me $12,115 short of my $15,000 dividend income goal (by 2025) but I’m happy with my progress and I’ve got to time to close the gap.
Thanks for reading!
Mr. TLR