25 November, 2020 seen 34On September 10, 2020, I sold 115 shares of Stone Harbor Emerging Mkt Total Incom FD (EDI) getting paid $8.00 per share and 100 shares of Allianzgi Convertible & Income Fund (NCV) at $4.58/per share. We are still holding 115 shares of EDI and 100 shares of NCV. Both EDI and NCV are monthly paying dividends stocks, we have been holding EDI in our…
On March 21st, 2019, I bought 95 shares of AGIC Convertible & Income Fund (NCV) at $6.345 per share. With its monthly dividend payout of 0.065 dollars per share, this latest buy has a dividend yield of 12.29% and will pay us $6.17 (before tax) every month. Awesome!
I bought this share for our little baby girl's stock portfolio.
Without hesitation, I can say - our 8-month-old baby girl has a dividend stock portfolio generating already $28.15/mo. I'm looking to grow it towards $50/mo by the end of 2019. The latest buy has made a nice little boost of $5.24 (after tax) to our monthly dividend income.
NCV is already the fifth stock in our baby investment portfolio.
I come up with a plan to build a high-yield $10,000 child investment portfolio by the time our baby girl will turn 2. (July 2020). Right now we are looking at $80-$100 monthly dividends by the time she will turn 2.
Our child's portfolio now has as TTM at $337.80, giving daily $0.93 and hourly 0.04$. A dollar daily is so close, some can even smell it. Getting over a dollar per day would get us out of the extreme poverty which for a long time was set at 1 dollar per day, but now with adjusted inflation is closer to 2 dollars per day already:
In 2019, extreme poverty widely refers to making below the international poverty line of $1.90 per day (in 2011 prices, equivalent to $2.12 in 2019), set by the World Bank. This measure is the equivalent to making $1.00 a day in 1996 US prices, hence the widely used expression, living on "less than a dollar a day".
Currently, I don't plan to go for a separate child investment account, instead, I will keep investing in my own portfolio, but will keep a separate Google Spreadsheet to track baby dividend progress. See: Simple Google Spreadsheet to Track Stock Portfolio Changes Using GOOGLEFINANCE
For the rest of the year, we are looking to get a dividend income of $41.92 (after tax) from this stock, which is about 2% from the total goal of $2,045 for 2019.
About AllianzGI Convertible & Income Fund (NCV)
- Invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade.
- Seeks to invest at least 50% of its portfolio in convertibles, but determines its allocation based on changes in equity prices, changes in interest rates and other economic and market factors. For the convertible portion, Allianz Global Investors seeks to capture the upside potential of equities with potentially less volatility than a pure stock investment.
- In searching for investment opportunities, the manager looks for issuers that will successfully adapt to change, exceed minimum credit statistics, and exhibit the most promising operating performance potential.
Learn more at the company's website