30 October, 2019 seen 46I've been documenting my own path to financial freedom through the dividend income since January 2017. When in July…
I've been documenting my own path to financial freedom through the dividend income since January 2017.
When in July 2018, the little Fischer baby girl was born - without any thinking I started to invest for her future by investing in high yielding dividend stocks.
I come up with a plan to build a high-yield $10,000 child investment portfolio by the time she will turn 2. (July 2020). Right now we are looking at $80-$100 monthly dividends by the time baby will turn 2.
Fast forward to August 2019, and we have already invested $7,627.47 in 9 dividend stock paying companies. In the past, I've included all earnings made by my daughter in my own individual dividend income report, but now it looks like is the right time to write a separate article to keep track.
Our child's portfolio dividend income now has as TTM at $684.72, giving daily $1.88 and hourly 0.08$.
On the average portfolio generates $57.06/mo
Without adding a dime any more to the portfolio it could reach $11,526.12 in dividends by the time our baby girl turns 18, with added base principal it could be worth of $19,153.29 in July 2036. But we are not looking to stop here.
Last August baby girl earned $31.31 in dividend income, that is 12.06% from our total dividend income, see: August 2019 Dividend Income Report - $259.58
Dividend Income August 2019
In total there were 5 great companies paying us dividends in August, that's 4 companies more than in August 2018
EDI stock now contributes the most to the stock portfolio. EDI pays monthly and just recently we increased stake in it, see: Latest Stock Buy For Child Investment Portfolio: EDI
The YOY growth rate for child dividend income in August 2019 was + 346.01% or $24.29more than a year ago in August 2018. The growth rate could be better but I will take it
We have been tracking dividend income for the baby since August 2018, that's already more than a year of data. Looks quite impressive.
Monthly Income chart at the end of August 2019
The cumulative earnings for 2019 now are $237.98 which is exactly 65.20% from our goal for 2019 to reach $365.00.
On average, it would ask us to generate $31.76 every month for the next 4 months to reach our goal. Looks quite doable as there are few months left in 2019 when we are looking on dividend income higher than $50/mo.
Goals for August 2020
This is my favorite part of the reports - trying to forecast/set goals for the next year.
When setting goals for August 2020 - I will be quite optimistic - we are looking to crack $100. Hard, but doable. We are hoping to get there by adding more US monthly and quarterly dividend-paying stocks. Might increase stake with EDI, RA add T and more.