Welcome to the twenty-ninth (#29) dividend income report, covering earnings I've made from dividend-paying stocks and peer to peer lending in September 2019.
Last September we spent in Georgia, traveling around the country a bit, in September the grape harvest time (Rtveli) is celebrated in Georgia.
So we headed off for a weekend to the region of Kakheti and actually for the first time I was eating grapes from the field.
Luxury stay at Akhasheni Wine Resort in Georgia
It was my pleasure selling covered calls with a view.
The last September was very good in terms of passive income. At the end of the month, I have collected $260.36 from dividend stocks and Mintos peer to peer lending platform. Compared to the previous September in 2018, that is a quite impressive 298.53% growth ($195.03)
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An additional $1,387.70 was made from options trading (covered calls, naked puts, iron condors, and vertical spreads), but as options trading is not actually a passive form of making money while you are sleeping it wouldn't be fair to include them in dividend income report.
Last but not least, last September I traded options on cryptocurrencies using Deribit platform, which resulted in an additional $105.06
When counted all together (dividends + options + crypto options), it seems I have made $1,753.12 in total last month.
Last September was the second month in a row when income from dividends + options + crypto options helped to generate more than a 5% yield from the total value of the portfolio.
Effective income yield last September was 5.07% That's about 60.84% annually. Awesome.
Interest income in September 2019
From the stocks and Mintos.com peer to peer lending I got following income last month:
Total: EUR 236.69 / USD 260.39
In total there were 14 great companies paying us dividends in September, that's 9 companies more than in September 2018
Mintos has slipped to second place in terms of interest income generated
The YoY growth rate for my dividend income in September 2019 was + 298.53% or $195.03 more than a year ago in September 2018. Now, that' s some serious dividend income growth in just one year.
I've been tracking my journey towards million dollars in a savings account since January 2017. The result, so far, looks quite good. Dividends are growing.
Monthly dividend Income chart as of September 2019
The cumulative earnings for 2019 now are $1,893.24 which is exactly 92.58% from my goal of 2019 ($2,045). On average, it would ask me to generate $50.59 every month for the next 3 months to reach my goal. I believe that I crush this goal at the end of October already. Generating $50/mo now is soooooo easy.
Goals for September 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 (September 2018)
When setting goal/forecast for September 2019 I will take that in an account and will set a more humble $120 goal for next year.
Holy smokes, I just smashed that goal. I actually doubled income this September I forecasted a year ago.
When setting goals for September 2020 - I will be quite optimistic - I'm looking to crack $400. I hope to get there with more US monthly and quarterly stocks and also might use a dividend capture strategy.