Welcome to a new report of my Dividend Diary on the TEV Blog. Here, I report the development of a cash flow-oriented investment approach that focuses on generating a passive income through dividends. Against this background, the goal is not to outperform the market but to put food on the table through a regular income via dividends.
With the Dividend Diary, I document how a cash-flow investment approach can be part of well-balanced wealth management. To keep things simple, I have built three pillars:
- Active income.
- Passive income.
- Conversion.
Dividends fall into the last two categories. They are passive because they provide a cash flow without me going to work. Additionally, they are an essential pillar for conversion since they can be reinvested to generate even more income in the future. That is the Theory. Now let’s get down to practice.
My monthly income with dividends in January:
This month, my cash-flow approach generated the following income through dividends:
- MSCI World Energy ETF (59.36 EUR)
- Automatic Data Processing (8.96 EUR)
- Best Buy (13.98 EUR)
- HP (15.60 EUR)
- Kimberly-Clark Corp. (25.72 EUR)
- Iron Mountain (16.21 EUR)
- PepsiCo (14.71 EUR)
- Merck & Co. (20.38 EUR)
- Altria (24.20 EUR)
- Leggett & Platt (33.27 EUR)
- Realty Income (13.31 EUR)
- Cisco (17.68 EUR).
The total monthly income with dividends in January (after taxes) was: € 263.38 / appr. $ 286
Dividend income report check
Solid financial performance compared to last year (+ 7.4 percent YoY).
Stock purchases in January
In January, I bought more shares of great companies so that the monthly income through dividends will continue to rise in the future.
- Emerging Market ETF (10 shares)
- Diageo (10 shares)
- Qualcomm (5 shares)
- Automatic Data Processing (5 shares)
- US Financials ETF (20 shares)
