Next stop: $200

Thanks to Monday’s dividends, which you can read about here if you missed yesterday’s post, I’ve officially passed the $150 plateau in terms of lifetime dividends received.

Now, it’s time to shift my attention to the next milestone: $200.

I don’t know when I’ll get there, but I got $0.48 closer when General Electric paid me for owning a pair of shares Tuesday. The payment, while small, was double what GE sent my way last quarter as I bought a share for $28.47 between then and now.

The stock hasn’t performed at all since I opened a position, down 14.72%, but I really can’t complain as I know there are a lot of people who have way more of a gripe than I do. My two shares constitute just 0.38% of my portfolio so, while the stock is down big, it only really means I’m out a few bucks at the moment. I’m tempted to pick up a few more shares at the current price, but I’d like to see what the new CEO has up his sleeve before I pull the trigger. He definitely has his work cut out for him as GE is a bit of a mess right now. Hopefully it’s a mess that can be cleaned up.

The $0.48 dividend payment brought my July total up to $16.35 and my 2017 total (a.k.a. lifetime total as this is the first year I’ve received dividends) to $151.07.

The payments are still small, but I’m loving the consistency. I’ve been paid by 33 companies so far this month and, considering the fact we’re 25 days deep, that averages out to more than one dividend payment a day.

I didn’t start my March toward a $1,000,000 portfolio with the goal to earn more than one dividend a day, but, once I started earning a few here and there, I got addicted. On top of that, I blame Robinhood for being an enabler. I swear to you that app just made things 10 times worse … but in a good way. By worse I just mean I bought stock in more than 100 companies because, well, I like them. Either I like the products they sell, like the business model, like the outlook, like what the current numbers have to say or like the value. Having Robinhood as a brokerage makes it so freaking easy to buy stocks … and that’s exactly what I do. It’s not only easy – easy, as in tap the buy icon on your phone and you’re done easy – but it’s also free. No commissions, no regrets.

I buy what I feel are well-priced stocks without fees of any kind eating into my margins. It’s what’s earned me more than $150 in dividend income in seven months and average more than one payment a day. I’m going to keep doing it, too … although I’ll probably start building my current positions a bit before I open any new ones.

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