MicroStockHub
It's dividend income update time. One of my favorite times of the month as I get to review my previous month of passive income received from my dividend income portfolio.
Without rehashing the wild ride we experienced in the
DivHut Dividend Income Update: January 2024
Summary
- Dividend income from my taxable account totaled $1,013.35.
- This represents a 12.1% increase in passive income compared to January 2023.
- The markets may swing wildly from week to week and month to month, but dividends are seemingly more stable, reliable and predictable.
I’m an early 40′s Internet entrepreneur that launched several dot coms with varying success in each. At the very least my living has been made online for the past 18 years and at the most I had a fun time in each venture.I began seriously investing for dividend income around 2007 when my business at the time was literally falling off a cliff, as most of the world was starting too as well, when my need for another income stream became more apparent. I have always known the benefits of dividends from my very first stock purchase back in 1988 but wasn't yet sold on the concept of tying up my money indefinitely purely for a dividend income stream. It was around that time that I learned about Dividend Aristocrats and Dividend Champions when it all just made sense. I could literally see the effects of compounding dividends from these select companies and thought a nice diversified portfolio could provide me with a decent to excellent income stream decades down the road.