Welcome to the twenty-fourth (#24) dividend income report, covering earnings I've made from dividend-paying stocks, peer to peer lending (both fiat and cryptocurrencies) in April 2019.
Despite Spring is in the full blow here in Tbilisi, we still managed to catch a little from winter at the start of the Month when traveled to the Stepatsminda village (this village has a Google Market) in the footsteps of Mount Kazbek
Mount Kazbek and Gergeti church in Georgia
$164.24 was taken from dividend stocks and peer to peer lending in April 2019.
Additional $214 were made from options trading, but as options trading is not actually a passive form of making money while you are sleeping it wouldn't be fair to include it in dividend income report. On the other hand option income is a nice way to give a boost to the overall portfolio.
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Interest income in April 2019
From the stocks, Mintos.com peer to peer lending and from cryptocurrency lending on Poloniex.com I got following income last month:
Total: EUR 146.64 / USD 164.24
In total there were 11 great companies paying us dividends in April
Mintos continues to be #1 in terms of interest income generated
The YoY growth rate for my dividend income in April 2019 was + 72.03%. or $68.77 more than a year ago in April 2018. That's the growth rate I like.
Monthly income to the date
My journey towards million dollars in savings account now is already 2 years old. The result, so far, looks quite good. Dividends are growing.
Monthly Income chart as of April 2019
The cumulative earnings for 2019 now are $610.56 which is exactly 29.86% from my goal of 2019 ($2,045). On average, it would ask me to generate $179.31 every month for the next 8 months to reach my goal.
I'm pretty confident reaching this goal, as there are already several months planned to have dividend income at the level of $200/mo.
Goals for April 2020
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:
When looking on April 2019 dividend income, it would be cool to reach $150/mo a year after.
Wow, I just did it, not only I reached $150 in dividend income, but also cracked this goal by humble 14 dollars. Awesome.
When setting goals for April 2020, I will say I want to increase dividend income by at least $70 - it translates in $234. Let's keep odd number. I like them. lol
I guess I will try to double / triple positions in following stocks - NRZ, PNNT, CODI, EDF, EDI, AWP and more - to get there