A blog about dividend investing and financial independence for a person supporting a 7 person family on one income. My goal is to be retired at age 55 to pursue other passions in life and rely on a passive income stream generated from dividends.
Thursday, June 16, 2016
May 2016 Dividends and Quick Account Update
This month was the
start of some major changes in my banking systems. I have decided to move all of my checking,
savings and investment accounts to Bank Of America/Merrill Edge. This was initiated after I realized I am not
taking advantage of companies that provide you with free trades. My balance with them will allow me to do 30
free trades a month. The rewards program
will allow me to purchase more often and take advantage of dollar cost
averaging for companies I like.
With that said I am
moving some assets and selling others, moving the cash, and then repurchasing
in my new accounts. Yes there were some
fees but the gains from the sales far outweighed them. So for the next couple of months I expect
less dividends as I rebuild my portfolio.
Shares of life purchased
As you can see there
wasn't much activity this month. Some of
my dividends like T and WGL were reinvested before my transfer began. More shares purchased and more dividends are
always a good sign. The rest was just
cash into the accounts which include my IRA and a taxable investment account.
Even with the fee of
$75 dollars I still managed to come out with $133.78 of dividends for the
month. This is only slightly lower than
the amount received same time last year.
Well I am off for my
birthday weekend camping (which is a very affordable way to vacation when you
have a large family.) It was only $200
dollars for a cabin in one of our lovely state parks. The kids are super pumped to go swimming and
hiking and I am looking forward to being with them. ALSO the kids will have no electronics the
whole weekend. Their brains are getting
a needed rest from the digital world.
Happy investing and
hope you have a good weekend,
Dividend Family Guy.
I am not affiliated in any way with Bank of America
or Merrill Edge.