January sure offered investors a rough start to the year. It also presented many members of the DGI community with opportunities to pick up some quality stocks at attractive valuations. It is times like these which cause many investors to panic, and others to go shopping. I initiated a position in JNJ after having healthcare stocks on my radar for awhile. With each month I hope to have more dividends coming in and look forward to hitting my goals this year.
After a record month for dividend income in December, January proved to be rather subdued. I received dividends from one holding: TD. This was quite a contrast with December’s dividends. What can I say,
I have recently spent some time reviewing objectives for the year, stay tuned for a separate post on goals for 2016. This year will be a bit different for my investment strategy so I hope I can keep the great momentum going from 2015. Each monthly purchase in 2016 will be rather small, as I’ll be saving a lot towards some major purchases this year.
It is very encouraging to see the money I have invested in equities generating some passive income. The holdings in my Niche Fund pay quarterly dividends so some months will have more income reflected than others. My Dividend Income page has a calendar showing when I expect to receive dividends from each of my holdings.
January Dividends Received
TD – $4.59
My DGI journey began in July 2015 and is off to a modest start. I aim to save a portion of my income and devote it towards a monthly stock purchase. I have a number of large purchases coming up in 2016 so the monthly amount for my purchases is lower than what I plan on spending in future years.
It is truly addicting to find the best possible companies each month and determine whether they meet my investment criteria. Of course the start of any long journey is slow going. I appreciate you taking time to stop by and look forward to chatting more with fellow DGI investors on their strategies and objectives.
If you’re new to my site, my plan is to buy and hold high-quality dividend paying stocks in order to enjoy the flexibility offered by the passive income stream generated by regular dividend payments to shareholders. In the long run, these dividends will start to grow on their own through dividend hikes. I look forward to posting the next dividend income update at the end of February.
How did your January shape up? Do you find that December tends to be a popular month for companies to pay dividends? I look forward to hearing any thoughts you have on my holdings.