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My Biggest Dividend Ever!
June was a massive month for my dividends. I made $714.90.
I have tracked every single dividend I’ve received since 2020. June 2023 was the biggest month I have ever had.
If we go back to June 2020, I received $11.19.
That is a 6,288% increase in just 3 years.
Let me show you the stock/ETF that paid me my biggest dividend EVER!
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VOO…
I have been buying VOO every single week for a long while & have accumulated over 300 shares (& adding more today as I type this).
VOO paid a few days in July, but I like to count it in Q2 so I lumped it into June.
For the latest payout of VOO, I received $477.45 & of course I reinvested all of that.
$477.45 in dividends received from VOO🔥
— Decade Investor💸 (@DecadeInvestor)
2:43 PM • Jul 5, 2023
Adds ~1.10 shares to my VOO holdings.
Brick by brick.
— Decade Investor💸 (@DecadeInvestor)
4:09 PM • Jul 5, 2023
Of course this monthly number will fall quite a bit next quarter because I sold out of all of my individual dividend stocks, but that is OK. I have been making more money selling options with that money anyways 😉
With this VOO holding, my goal is to get $1,000,000+ in VOO alone. In due time.
With the VOO dividend, I will increase it every quarter in 3 ways:
Buying more shares every week
Reinvesting the dividend (to buy more shares)
Hopefully VOO has dividend increases (which increases my payout + I own more shares)
I don’t buy VOO for the dividend, but it is a nice cherry on the top to get paid every quarter to hold the shares (which I just use to buy more shares). The real reason I buy VOO is for the share price appreciation. Since the 1970s, the S&P 500 has gained 10-11% per year on average. I will take that on my ~$120,000 in VOO for the next 40 years I have before I am 65.
Tracking your investments
I track all of my investments (both stock options + long term holds) because I like to watch the progress of my journey. It is super easy to get bored or even discouraged in your investing journey because it takes time. Investing $1000s every month still takes years to become a millionaire, so it can be very NOT motivational. So watching the progress step by step (to me) keeps me motivated.
Seeing my $714 in dividends for June is great, but I know I have a long way to get to financial freedom. If I thought only like that, I could get discouraged. However, since I am tracking my investments, I can see that since 2020, my dividends for June increased by 6,288%. That is insanely motivating. Imagine where I could be in the next 3 years. If I were to get just 10% that growth, my dividend income in June 2026 would be $5,600.
So this is a quick message to track your investments if you don’t already. It is a very motivational tool!
Remember that M1 Portfolio I sold out of & sent to my options account? Well, I just made $986 (so far) this week on that money selling options. If you want to learn how, 5 people can get my $50 video course for just $35 (or 30% off). For $35 you can learn how to make $100s or even $1000s every single month on the stocks you already own. (Discount code already applied): https://decadeinvestor.gumroad.com/l/rauxb/newsletter
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My Buys This Week:
ETFs: $250 in VOO +
Tweet of the Week:
There are no excuses in 2023.
“I don’t know what stocks to pick.”
Welcome to index funds.
“I don’t have enough money to invest.”
Welcome to fractional shares.
“I don’t know how to open up an account.”
Welcome to YouTube & Google.
There are zero excuses to not invest in 2023.
— Decade Investor💸 (@DecadeInvestor)
12:13 PM • Jul 5, 2023
Thank you so much for reading & I will see you next week! Until then, keep buying assets & stacking those dividends. 🙂
- Decade Investor
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