First US stock Buy: EDF

Updated: 7 September, 2018 seen 114

On July 3rd, 2018 I bought 50 shares of Stone Harbor Emerging Markets Income Fund (EDF ) at $ 13.17 per share. With its monthly dividend of 0.18 cents per share, this latest buy has a dividend yield of 16.40% and will pay me $9 every month. Awesome!

It took me more than 18 months, since the start of my million dollar journey when I finally bought my first US stock and I feel really happy about that.

For the rest of the year, I'm looking to get a dividend income of $54 from this stock, which is about 4.5% from my $1,200 goal for 2018. 

2017 in Review and Financial Goals for 2018

About Stone Harbor Emerging Markets Income Fund | EDF

​The Fund's primary investment objective is to maximize total return, which consists of income on its investments and capital appreciation. The Fund will normally invest at least 80% of its net assets (plus any borrowings made for investment purposes) in Emerging Markets Securities. "Emerging Markets Securities" include fixed income securities and other instruments (including derivatives) that are economically tied to emerging market countries, that are denominated in the predominant currency of the local market of an emerging market country or whose performance is linked to those countries' markets, currencies, economies or ability to repay loans. A security or instrument is economically tied to an emerging market country if it is principally traded on the country's securities markets or if the issuer is organized or principally operates in the country, derives a majority of its income from its operations within the country or has a majority of its assets within the country. There is no assurance that the Fund will achieve its investment objective.