02-05-2021, 02:53 PM
(This post was last modified: 02-05-2021, 02:54 PM by ken-do-nim.)
(02-05-2021, 10:22 AM)ChadR Wrote: My dividend income was up 9% for 2020. With it basically on auto pilot this year, I was happy especially considering the dividend cuts that occurred. Barely missed my goal of $12,000 in dividend received for 2020.
Nice!
(02-05-2021, 11:09 AM)fenders53 Wrote: 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 have to admit most of what you and crimsonghost practice is way, way over my head. I don't know what "selling a put" is, what FCF stands for, how to trade options, and some of the things you've mentioned in other threads. But I think that's okay. I'm just a buy-and-hold guy.