05-05-2021, 10:21 AM
(05-05-2021, 10:05 AM)ken-do-nim Wrote: [quote pid='25869' dateline='1620224661']
Added five more shares of XOM with my pooled dividends, bringing it up to a full position.
I'm still thinking oil goes much higher this summer on the reopening boom.
The buy pushes my projected portfolio income over the $3,000 mark for the first time.
$3000, awesome! Given that your "full position" mark is $2000, your portfolio can now generate 1.5 positions on its own annually without your putting new money in.
XOM is one of the bigger high dividend payers I don't have.
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Yeah, it's pretty awesome. Can really start to tell the dividend snowball is growing faster and faster. Being able to add to my stocks every month or so with pooled dividends is great. It's nice being able to time buys with ex-div dates and build out my smaller positions while not messing with the rest of my bigger holdings.