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Dividends & Income
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2/8/14: UPDATE My DIVIDEND INCOME is approximately 40-45% above our annual expenses. Still a very nice cushion.
9/21/2013: UPDATE !! AGNC reduced their dividend by 24%, ouch! So now my total dividend income is ONLY about 50% above our annual expenses. This is why I have a cushion in place, in case of this type of development. Looking forward to dividend increases over the next several quarters in AGNC and KMR. MO increased their dividend 9.1% recently. KMR just increased their distribution to $1.35!! Love it!
8/2/2013 UPDATE: AMAZING, I have retired 5 years earlier then my GOAL. I recently turned 54. I have been a member of SA a little over a year now and have put together a Retirement portfolio that
generates about 70 -75% more income then our expenses. I have enough cash to last for about another year. At that point, I will have to start collecting my DIVIDEND income to live off of. I will reinvest most if not all the dividends over the next 3 quarters and start to collect them by 7/2014. Hopefully, my dividend income will generate about 85-90% (ABOUT 2x OUR ANNUAL EXPENSES) of our living expenses by then. My goal was 100% more, but 85-90% seems like a good enough cushion. As an example, if our expenses are 50K a year, I am generating about 92-95K/yr!
I have taken on more risk in order to retire early. I only own 3 stocks: AGNC,KMR and MO
AGNC = 45.3% of my portfolio as of 1/15/2014 56.8% of my portfolio
KMR= 28.2% of my portfolio as of 1/15/2014 15% of my portfolio
MO = 26.5% of my portfolio as of 1/15/2014 28.2% of my portfolio
As of 7/30/13 Intraday my total yield = approximately 11.5%
As of 1/15/2014 My total yield = approximately 9.7%
Some, or most people would say I am taking on way too much risk. I feel comfortable with my portfolio. AGNC has had a big sell off the last couple of months and a dividend reduction and my portfolio is still + 3% YTD. I am in it for the DIVIDEND, however I still see it as a good sign that my portfolio can withstand a 33% sell off in AGNC and still be + 3% YTD.
I will know in 5-7 years if I made the right investment decisions. Hopefully, by then my portfolio will be in a position that I can increase my MO and KMR and potentially hold some cash and still generate in excess of our needed income at the time. UPDATE FINISHED!
I am interested in building a retirement portfolio with the goal of collecting dividends to cover my living expenses. My goal is for my dividends to be greater then my expenses. I have a plan in place to accomplish this. I plan on reaching my goal in 6 years. I am 53 now. So I will be 59 when I plan to collect dividends. At this time my dividends are being reinvested. I like to see my shares grow.
****** UPDATED AS OF 3/17/13 !!!! I have done extremely well since becoming a member of SA ( about 9 months now). My dividend income is now approximately 25% higher then our projected expenses.
Since, I have such a large position in AGNC (37% of my portfolio), I have now updated my goal to have a dividend income stream in excess of 100% of our projected expenses. I want to have a large cushion of dividend income in case of a large reduction in AGNC's dividend or some other unforseen event that reduces my dividend income stream.
My comments below were made when I first wrote my bio about 9 months ago. Since then I have trimmed my holdings down to 3 stocks, KMR (40% of my portfolio), AGNC (37% of my portfolio) and MO (23% of my portfolio). My portfolio has had a fantastic start to 2013, I am waiting for a pullback in AGNC, so I can add to my position in the next 2 weeks. So, I have surpassed my initial goal,( in 9 months) by concentrating my holdings into higher yielding stocks ( about a 9.5% yield as of today).
My UPDATED GOAL is to have a dividend income 100% higher then our projected expenses (2x greater dividend income then expenses). I plan on reaching my goal by age 57 or sooner. I am now still 53, so within 3-4 years. Wow, that feels better then the original 6 years to reach my financial goals.
I would like to learn more about SDRL,BPT,KMP and AGNC. I own these stocks. I own a few others in the tobacco sector (MO,RAI,PM). I am pretty comfortable with the tobacco stocks.
My concern is about AGNC,BPT and SDRL. I am concerned about thier dividend in future years.I read about BPT on this site and will be watching and studying. I know the risk is high.
UPDATE: I sold all my KMP and switched to KMR around 7/25 and 7/26/12. I decided to make the switch after reading several articles here at SA. I am now more comfortable with my portfolio. KMR is my largest holding. MO is my second largest.
UPDATE: I sold ALL my BPT before the big sell off, average price around 115. I do not care if it goes to 200, I am more comfortable with MO,PM,RAI,SDRL,KMR and AGNC.
Most recent UPDATE: I sold all my RAI and bought more MO,KMR and AGNC,
I now only own 5 Stocks KMR,MO,AGNC,SDRL and PM.
Latest update: As of 11/30/2012 Sold my PM and used the proceeds to buy KMR, I am now heavily concentrated in KMR, maybe riskier, but the distributions and company history of raising them is outstanding.
So I only own 4 stocks KMR,MO,AGNC and SDRL. I am comfortable with my portfolio at this time.
12/7/12 As of this date I sold all my SDRL position. I now only own KMR,MO and AGNC going into 2013. I feel these three stocks will provide me with the best and safest dividend return that I can reinvest into my accounts. AGNC is the risky one, however I believe it gives me more value then it takes. I believe the risk is worth the 16% dividend. I will keep my eye on AGNC. I believe it will continue to generate a good return in 2013 and beyond.
I am confident and comfortable with these three stocks. I am looking forward to reinvesting my AGNC and MO cash dividends in my Retirement accounts. Also, looking forward to receiving KMR share distributions and increasing my shares in my Retirement accounts and my brokerage account. Saving and building a Retirement portfolio is a challenge.
Dividend stock ideas & income, Energy stocks, REITs, Retirement savings, Stocks - long
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