It is again time for the monthly dividend income summary, can't believe that is already October. September has been another great month for me it was my second best month when it comes to my monthly dividend income. In total I collected 170.09 EUR in dividends.
Overview dividend income September
My total dividend income in August was 54.20 EUR that is an increase of 93.2% compared to September 2017. That increase does mainly come from my additional investment in Greene King, Qualcomm and Target. The decreases from the other stocks are due to the exchange rate. My accumulated yearly dividend income is already above the total of 2016. Currently I have collected dividends worth of 1 128.50 EUR compared to 706.26 EUR in 2016. Considering my further investments I more than confident to reach my goal of 1 400 EUR Dividend Income in 2017.
Conclusion
My average monthly dividend income in 2016 was at 58.86 EUR and currently it is at 141.06 EUR.
My projected full year dividend income is now at 1 470.19 EUR that means I have now an average of 122.52 EUR per month. So I still managed to increase my projected dividend income month by month. Nevertheless the still weakening USD is a little pain and the increases are little smaller than expected, but it is not the end of the world :).
As already mentioned my goal until the end of the year is to have a total dividend income of 1 400 EUR and to have a projected dividend income of 1 700 EUR by the end of the year. I still don't see a big problem to reach that number, as I am still planning to invest around 6 000 EUR this year.
Again I have to say that investing in Dividend Stocks, ETF's or whatever which is for the long run really pays you back. It is not that difficult you just need to focus on the long run. I am quite sure in the mid term a lot of us might have a portfolio in the deep reds. But this is time where we should buy and not sell. Investing is for the long term. I am now into that for three years and my snowball already starts to get bigger and bigger month by month. I am already curious where I am in 5 years from now on. It is just important to keep in mind:
Patience is one of your best friend on this journey!!
Whatever you do may seem insignificant to you, but it is most important that you do it.
- Mahatma Gandhi
Nice job and great reminder to focus on the long term. Especially in the accumulation phase. I look at most people who get excited about payday because they get to go shopping/go out to eat/spend it on something. I get excited about buying more stocks, aka, more passive income and eventually more freedom.