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The Seed has been Planted
#11
(09-01-2016, 08:45 AM)Kerim Wrote:
(08-26-2016, 05:32 PM)jdhansen Wrote: It was the most exciting $0.96 I have ever made and I am eagerly looking forward to September when our other first quarterly dividends get paid out.

That's great, and suggests that you have the temperament to stick with it. I'm almost 8 years into my DG journey, and I still get excited watching the dividends roll in.

(08-27-2016, 08:50 AM)NYNurse Wrote: Put your money where it will perform the best. If it's a stock in your portfolio, fine, If it's on your watch list, then it goes there. Much easier to keep a portfolio balanced if you keep at it from the beginning but I wouldn't pass on a dip if the opportunity came up.

Couldn't agree more. While your portfolio is small, don't worry much about balance and diversification -- put your money into the best companies presenting the best opportunities at the moment.
That and with your age it is time in the market and the compound that will make it worth it in the long run. Like many here, if I knew then what I know now..
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#12
Love what your doing. ORI is a steady performer that you can always count on and and a very safe holding. If your going to start any new positions LMT, VZ and JNJ would be great additions. They are my 3 largest holdings and forever stocks for me. Stick with consistent growers and stocks that continue to raise the dividend. Good Luck!
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#13
6 Month into this new adventure and I figured I need to keep myself honest with an update

Portfolio has grown from its humble start to the following:

Here is the Current Portfolio:
T          6 shares
ORI      20 shares
KO        5 shares
WFC     2 shares
TGT      1 share
FLO      10 shares
OHI      13.27 shares
MO       10 shares

Learned a few lessons along the way,  bought OHI at its peak and it was a sobering experience watching it drop,  however on the positive side, it dropped so low that the first dividend was able to drip for a quarter of a share  Smile  Felt like a real hero when FLO jumped, almost made me think I could stock pick,  good thing KO and TGT came along to knock that thought out of my head.

Saving up to purchase a position in O,JNJ, or hopefully if TGT stays down growing the position.  Really I find myself suffering from having to many companies I want to purchase and not enough capital to buy it all at once.  Struggling to figure out how to break ties between different stocks that meet all the criteria I have set.  But I see that as a positive as it saves me from rushing a purchase and forces me to focus on the data.

Also keep trying to decide if growing what I have is the right course, versus buying into a new company.

Best part of all of this is I am enjoying it and trying to learn, and for the first time in a while, I feel like my money is finally working for me instead of me working for it


Watch list: O, JNJ, PEP, LMT, UNP, CVS
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#14
Nice progress.
Having options is always a good thing, though I can certainly relate to the whole "which should I buy now". Usually I solve that by buying a bit of both but I can see how that might not be a possibility for everyone. For the month of february, my monthly contribution will be split between 6 companies. (all of which I already have a position in) Usually I split it in 2-3 different ones but now I figured that a more balanced approach is in order since I don't see any screaming buys and this will also help to balance the portfolio a little more.

There is no easy way to decide the increase an existing position or buy a new company thing. You are in no hurry to increase the amount of holdings significantly though, most people aim for 20 companies or so and it usually takes them years and years to get there. Keep in mind that if you like to follow your investments, then at some point too many companies will be too much to keep an eye on.
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#15
The problem of having too many companies you want to purchase and not enough cash doesn't go away. I had that problem starting out and I still suffer from that problem. I figure I'll still be suffering from it once my portfolio hits 7 figures. It's something all of us suffer from. And great start to your portfolio.
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#16
Time for the one year update. 

I started my Dividend Growth Adventure with 2 Shares of T and a projected $1.92 a year in annual Dividend Income.  

Now it has grown to the following with a projected Annual Income of $262 and we meet our investment goal of $400 a month and are aiming to increase this amount in the following year with the upcoming promotion I earned this year.

   


Had some adventures along the way both teaching me that I suck at market timing.  Each time I place an order the stock will fall the following week.  Currently trying to figure out a way to market this amazing ability. Its a good thing I'm in for the long hall.  

Most important lesson is I learned that I can watch a stock (TGT) drop from its high to its current level and not have panic attacks about the loss.  I did end up selling it to help me purchase more shares of CSCO, which  I feel much better about than the current state of retail.  I still see value in TGT but I am going to add it to the watch list for now while I work on learning more about the retail sector.

I appreciate all the feedback members of the site have provided as well as the discussions and links to further information.  I may not have quite the same size portfolio, but you all have been an inspiration is seeing what DGI can help me achieve for the future.
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#17
Looks like you are off to a great start JD, nice work!
My Blog: DGIfortheDIY.com
Seeking Alpha Author Page 
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#18
A very promising start. Be careful with the balancing though, I know it's just the beginning and the weight of a single stock can change dramatically with just one buy, but you've got about 60% of your portfolio in two REITs. I like REITs too but too much is too much. Weird share amounts so I'm guessing you've got a DRIP on them, so I'd suggest throwing your new cash to other types of investments for a while to keep the balance.
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#19
(07-14-2017, 09:04 PM)crimsonghost747 Wrote: A very promising start. Be careful with the balancing though, I know it's just the beginning and the weight of a single stock can change dramatically with just one buy, but you've got about 60% of your portfolio in two REITs. I like REITs too but too much is too much. Weird share amounts so I'm guessing you've got a DRIP on them, so I'd suggest throwing your new cash to other types of investments for a while to keep the balance.


You are correct sir,  I wanted to open some positions on the REITs,  and did so in my IRA by accumulating my monthly amounts until I could purchase a large amount to minimize the $7.00 commission that Vanguard charges me.  I'm letting them DRIP for now as the only other items in the IRA are the Index funds I hold to keep my wife sane while I started this DGI plan.

Future investments will be in my taxable Robinhood account with the zero commissions where I can make smaller purchases at a time while avoiding the commission hits.  I have quite the buy list at this time to continue spreading my diversity, Thanks for the advice.
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