These past few months have been very busy for me. I changed career paths with my company, removing my need to travel. Being back at home full time has made it difficult to make posts, but at least for the moment I am caught up on everything I have been behind on at home.
The markets have been continuously hitting all-time highs, making it tough to find value with good companies. I shifted a good portion of my NSC holdings toward PSEC. I purchased NSC about a year ago for about 60$ per share, and the shares I sold a week ago went for 84$. NSC is a great company, and can go much higher, but at these levels the PE is reaching 16 and the yield is falling below 2.5%. I figure I would take some profits off the table and invest elsewhere. PSEC has been a very stable investment for me, paying dividends monthly and offering great diversity to my dividend portfolio.
Now for the numbers behind my progress. Rent on one property increased 50$ per month. This increased my rental cashflow by 8%! Average monthly dividends now sits at 136$, which is a great increase since my last dividend post in mid-june where I hit 100$! What does all this mean? 63% of my monthly expenses are now covered by passive investing activities.
The future: I am still on track to paying off my student loan by March 2014. And look forward to hitting 200$ average monthly dividends by the middle of the year.
Disclaimer: I am not a financial planner, advisor, or accountant. The financial
actions mentioned were only suited for my own risk tolerance, strategy,
and ideas.
Copying another's financial moves can lead to large losses. Each
person needs to do their due diligence in researching and planning their
own actions in the financial markets.
A personal blog about my investing strategy and financial health. Will simple investing principles take a kid who starts out with nothing and lead him to financial independence? Follow me on my adventure and see what happens.
Great to see the new records on income!
ReplyDeleteStudent loan: excellent. That'll feel good to have that off your balance sheet. If you don't mind me asking... do you have other debt to snowball that into or will that free up cash for other things?
After the student loan is complete I will be left with the 3 rental mortgages. One mortgage in particular has a very low balance (but rather high interest rate) that I already pay extra on monthly.
ReplyDeleteMy next goal will be to pay this mortgage off completely by end of 2015. Once that is paid I will have a lot of cashflow to put to good use.
Holy smokes thats close dude. At that point when the first mortgage is paid off?
ReplyDeleteBegin the Investing Early cash flow steam roller!
Can't wait to see that happen.