Saturday, January 11, 2020

Moving the Pile Forward

     This post is a continuation of the $50 a month stock challenge I started October 14, 2019.  Click on, "No Commission Stock Trades", on the right side of the page to read from the start.


  I equate building wealth to stacking wood in a wood pile. Add more wood to the pile than you use and you are "moving the pike forward".

     I am moving my pile forward with small but steady gains. Remember, I want at least 2% a month gains (24% yearly). Not "get rich" gains but my investment strategy is solid and I have a proven track record.

     I started the month with $214.98 investable money and have closed 2 positions and "captured" a dividend, payable (check is in the mail, so to speak) on the 15th.

     On the 15th I will have met my 2% for the month plus I also "captured" a dividend to be paid next month.

     What about dividend stocks that I am holding that do not seem to be working out "short term"? As long as we are making 2% a month on our total portfolio that is all that matters.

     We are also building a dividend income with the stocks we are still holding. Moving the pile forward is the goal and building a dividend portfolio is just part of it.

     Holding dividend stocks are not the fastest way to grow an account but at least we get paid to wait on a trade that does not work out short term.

     That being said, passive income from a portfolio of dividend stocks is certainly not a bad thing.

Disclaimer, I am not a professional.

   

     

   

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