The first month of the new year is officially behind us, and with that comes another edition of my favorite type of post: dividend logs! I just love tallying up those sweet, sweet dividends at the end of each month; it’s an awesome feeling to see that passive income rolling in like clockwork, and it’s an even moar awesome feeling to see it grow all on its own.
With every passing day, I edge one step closer to financial freedom. The road ahead is quite long and the journey is only just beginning, but progress, however small it might be, is still progress nonetheless.
Enough with the colorful platitudes though. Let’s look at who paid me in January!
|Bank Of Nova Scotia||$6.97|
|Starwood Property Trust||$33.60|
Well, it looks like my earnings came in just shy of $50. Not too bad. A year ago at this time I didn’t even receive any dividends, so I certainly can’t complain.
As I mentioned in a previous post, my portfolio recently suffered from two dividend cuts and a dividend suspension that set me back quite a bit (I lost nearly $75 in annual income), so I expect my dividends to be fairly flat over the first half of 2016 relative to the second half of 2015. On the bright side though, these setbacks taught me a very valuable lesson, and that is to not chase high yields and to truly focus only on the absolute highest-quality blue-chip stocks out there.
Moving forward, I plan on focusing my portfolio a lot more on the consumer defensive and healthcare sectors, as I feel that those are some of the safest and most reliable industries one can invest in. Right now I am lacking in both, while being way too overweight in the energy sector for my liking. The global oil glut has made this past year quite frustrating for my energy-heavy portfolio, and, frankly, I’m a little tired of the cyclical nature of oil and commodities. I’ll take Tylenol and Doritos over the latter any day! 😛
With that being said, onward to February!
Disclosure: long BNS, DIS, STWD