On September 24, 2018, I bought 45 shares of Stone Harbor Emerging Mkt Total Income FD (EDI ) at $12.32 per share. With its monthly dividend payout of 0.151 dollars per share, this latest buy has a dividend yield of 14.71% and will pay me us $6.79 every month. Awesome!
I bought this share for my child's portfolio. Without hesitation, I can say - our 3-month-old baby has a dividend portfolio generating already $12.81/mo. I'm looking to grow it towards $50/mo by the end of 2019. For right now I find it OK investing in higher yield and more riskier stocks. 14.71% yield, that's huge. Our first stock for child's portfolio though is at 19.87%, which is a little bit insane.see: Latest US Stock Buy: CLM
I come up with a plan to build 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.
Our child's portfolio now has as TTM at $153.72, giving daily $0.4211 and hourly 0.01754$. I really like these numbers.
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 $17.31 from this stock, which is about 1.44% from my personal $1,200 goal for 2018.
2017 in Review and Financial Goals for 2018
About Stone Harbor Emerging Mkt Total Income FD (EDI )
The Fund's investment objective is to maximize total return, which consists of income and capital appreciation from investments in emerging markets securities. There is no assurance that the Fund will achieve its investment objective. The Fund normally will invest at least 80% of its net assets (plus borrowings for investment purposes) in Emerging Markets Debt. "Emerging Markets Debt" includes 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 or otherwise related to those countries' markets, currencies, economies or ability to repay loans. The Fund normally expects to invest up to 20% of its total assets in Emerging Markets Equity. "Emerging Markets Equity" includes securities issued by either single country or regional exchange-traded funds ("ETFs"), common stocks, preferred stocks, other equity securities and other instruments (including derivatives) that are economically tied to the equity markets of emerging market countries, that are denominated in the predominant currency of the local market of an emerging market country or whose performance is linked or otherwise related to those countries' markets, currencies, or economies. The Investment Manager does not have an established performance record investing in equity securities.
There is one more stock I'm looking to add to our child's portfolio by the end of 2018, but let's leave that for another article.
