02-05-2021, 11:09 AM
Glad you are starting new threads for us, and your first year dividend performance is excellent. My results will be a little hard to interpret, though I believe Crimsonghost understands my game and can connect the dots. I have many sources of income. Unfortunately I don't see where Waterhouse separate option transaction income from capital appreciation. I just know what my average and quite consistent monthly option income is.
I had a short term goal of maximum income. Secure extra cash beyond my pensions for first two years of real retirement. Those funds were secured late 2020 and gradually transitioning a more growthy portfolio. But for 2020 it was VERY income focused.
-2020 dividends down 35%
-2020 income from selling puts is up 50%, and it was already over 2X my annual dividend income in 2019. Now it's over 3X and consistent.
-My stock market FCF was up about 35% for 2020. My intent for 2021 is to dial that back about 5% with a little more focus on growth. I've learned that gradual adjustments to the plan are usually prudent.
Moral of story is it's not difficult to exceed dividend income by a margin. There will definitely be a capital appreciation penalty for doing so in a strong bull market.
I had a short term goal of maximum income. Secure extra cash beyond my pensions for first two years of real retirement. Those funds were secured late 2020 and gradually transitioning a more growthy portfolio. But for 2020 it was VERY income focused.
-2020 dividends down 35%
-2020 income from selling puts is up 50%, and it was already over 2X my annual dividend income in 2019. Now it's over 3X and consistent.
-My stock market FCF was up about 35% for 2020. My intent for 2021 is to dial that back about 5% with a little more focus on growth. I've learned that gradual adjustments to the plan are usually prudent.
Moral of story is it's not difficult to exceed dividend income by a margin. There will definitely be a capital appreciation penalty for doing so in a strong bull market.