Welcome to the thirty-ninth (#39) dividend income report, covering earnings I've made from dividend-paying stocks and peer to peer lending in July 2020.
Just like the previous months, the last June we also spent in a self-isolation (because of Covid-19) here in Georgia. More of the strict lockdown measurements were lifted (inner tourism, restaurants, and hotels were opened for public) we did a few weekend trips with an overnight stay at local resorts here in Georgia. The baby girl attends her pre-school, she is doing great - talking a lot, putting together sentences, mixing languages, figuring out new words. Awesome. Quite fascinating what a two-year-old can do. Development is very rapid.
Last July I ordered a DJI Mavic Mini drone ($499) and spent a lot of time learning how to fly this little thing, but most important taking nice aerial photos and videos:
Saint George Church in Dashbashi canyon, Georgia
From the perspective of dividend income - last July was neither good nor bad, we keep suffering from trimmed dividends, and by the end of the month, we barely took $136.90. Relying on dividends these days is very hard.
Compared to the previous July in 2019, when we almost took $250 in dividend income, our monthly dividend has decreased by -44.59% (-$111.16). A year ago we did set a goal to take at least $400 this month, now this didn't happen.
Luckily, an additional $873.65 was made from options trading.
As options trading is not a passive form of making money while you are sleeping it wouldn't be fair to include them in dividend income reports.
Check out our options income report here: July 2020 Options Income Report - $873.65
If counted all together (dividends + options) it seems we have made $1,010.55 in total last month.
We were able to generate about 5.39% income yield from our portfolio last July (that's about 64.68% annualized)
One of our monthly goals is to generate at least 2.5% income yield from the portfolio. As longs it's above to it - it's awesome.
Interest income in July 2020
From the stocks and peer to peer lending we got following income last month:
Ticker | Earnings |
Latvijas Gaze | €44.00 |
TWO | €20.18 |
EDI | €13.26 |
NRZ | €10.81 |
EDF | €9.22 |
RA | €7.17 |
NCV | €6.12 |
Mintos | €4.57 |
XIN | €3.82 |
AWP | €3.46 |
Total EUR 122.23 / USD 136.90
In total there were 10 companies paying us dividend in July 2020 that is 2 companies less than in July 2019
Monthly income
I've been tracking my journey towards million dollars in a savings account since January 2017. More than three years already. The result, so far, looks quite good. Dividends are growing (even when they are not)
Monthly dividend Income chart as of July 2020
The cumulative earnings for 2020 now are $1,103.73 which is just 30.60% from my goal of 2020 ($3,600). On average, it would ask us to generate $499.65 every month for the next 5 months to reach this goal. Right, now the goal looks unattainable, as for now, I cannot see even a single $200 month for 2020,
2019 in Review and Financial Goals for 2020
Goals for June 2021
This is my favorite part of the reports - trying to forecast/set goals for the next year. But before setting a goal for 2020, let's see what I forecasted/said a year ago (July 2019)
For 2020, I'm looking to take at least $400 in dividend income.
Nah... we didn't even come close... our dividend stock portfolio wasn't immune against the market downturn and most of our stocks get trimmed or halted dividend payments. In the case of the recovery, there is hope. I will be optimistic and say we are still looking to crack that $250/mo goal in July 2021