March dividend update

It’s March! Winter is winding down and the big dollars flow in for us mutual fund investors.

I didn’t make a ton of moves this month as I’ve been busy with things around life but that’s the beauty of this kind of portfolio, it essentially runs itself without much input from me which makes it great for times like this when I’m too busy to be overly active in its management. I can spent almost no time on it and not really worry about it.

I did make the general 401k contributions and continued contributing to my Roth IRA but beyond that, it’s been a slow month for anything active on my end which explains the lack of posts here as well.

February was a pretty slow month for dividends as my portfolio employee Steve only made .47/hr for his hard work or $79.11 in cold hard cash! This month the cash is slightly warmer and in a bigger pile as well. Steve certainly did more work this year so let’s take a look at the graph.

Steve you magnificent bastard! You certainly did some work today compared to the lazy January and February returns. For March, Steve brought in just a hair under 1K with a dividend total of $986.94. As always, the split favors the tax-advantaged accounts 79/21 which is good since I only have to pay taxes on 21% of the dividends – the rest is allowed to be reinvested and grow fully tax free.

It’s a shame that I was just a tad short of $1000 as that’s a nice little unimportant benchmark to break. It looks like $1000 in each of the 4 quarterly payment months(March, June,etc.) should be easily hit next year as I’m almost there this March and the contributions will keep flowing in throughout the year.

It’s a far cry from December but not all of my funds and stocks pay out quarterly while most do in December if they pay anything at all.

Steve’s work ethic this month was commendable as he brought in a respectable $5.92/hr in March. It’s not quite minimum wage but it’s certainly better than getting paid less than a dollar an hour like last month. This brings Steve to an hourly wage of $2.35 for the year! That means that he’s beating the minimum wage for being a really bad waiter who gets no tips.

Steve is going to reinvest these dividends into the business meaning he’ll be improving his annual income by about $24 and boosting his monthly income by about $2. Not bad Steve, not bad.

Looking at these hourly wages is actually pretty fun because it makes you appreciate exactly how much work your portfolio is doing for you. It seems like we’ve gotten to the waiter minimum wage already and it’ll be nice to get to the point where my portfolio makes the minimum wage on its own. I’m still far from there but I’m excited to see the progress we make towards that goal throughout the year.

That’s it for March – see you all in another Month. I’ll be back soon with a few more updates(Portfolio and the first savings rate update) and will hopefully have more time to make other posts I’ve been meaning to make but sometimes life gets in the way!

March Total : $986.94
2016 Total : $1176.35
Portfolio monthly hourly wage : 5.92/hr
Portfolio 2016 hourly wage : 2.35/hr

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