 passive income What's up money geeks mr. V here welcome to another video guys So into this video I'm gonna take a look at my dividend portfolio. I'm gonna take a look and see Where things are I think the last time I did an update of my portfolio of my specific dividend portfolio I think that was back in February so we have March we have April we have May I haven't had time to actually do Update on the portfolio because I've been like shopping and trying to build a portfolio or moving stuff around and just trying to add more Stocks into that portfolio. So and within that period March specifically when we had that crash. I was so busy Just researching and trying to find more stocks that I can add into so I haven't had a time to really do an update But the good news is that during that period we've been getting some dividends So I'm gonna take a look at how much we have been making in dividends during that period So before we get started guys, if you're new to the channel, we talk about how to earn money How to save money how to invest and build wealth So if there's something that interests you go ahead and hit that subscribe button and the notification bell to you Don't miss out a new content. So before I really go deep and really show you guys my dividend portfolio I want to just kind of break down something here When I started building this portfolio back in January my goal was to get this portfolio to maybe about a hundred thousand dollars So that I can get maybe three to five thousand dollars a year Individend no income But then as when I started building it I realized that I don't just want three to five thousand dollars a year in dividend income That's not good enough for me So I have my goal now is to get this account if possible to a million dollars so that I can get say 50,000 or 60,000 dollars a year in dividend income. This is crazy So if you get a million dollars, you can just sit back every year you're getting 50 to 60,000 dollars all just Individend not in not including the growth Which is crazy. So my now I'm actually shifting my mindset from a hundred thousand dollars inside targeting Maybe a million dollars. I know what I'm a long ways from a million dollars But guess what it's attached with baby steps And so here's my advice to you out there that is getting into the stock market is trying to invest If you are looking at starting to invest and you want to be what I call a dividend investor If you're younger, let's say 18 19 20 21 up to about 25. This is a very good Time for you to get into the market a very good opportunity for you to stop building that wealth It's easier for you when you're younger just that putting money away because you have a whole amount of long amount of time for that money to grow Compared to somebody that's in your 30s or your 40s or your 50s So the order you get the harder it is for you to actually enjoy the growth in the market Because the stock market is it's in my opinion really depends on what I'll call time For people that are just average investors I'm not talking about day traders and stuff like that because they're doing on a daily basis how to get your money But for you if you're investing Time horizon is the thing that matters to you So you want to start early and stop putting that money So if you're 18 and you're putting just let's say a hundred dollars a month by the time you retire at 60 You should have at least a million dollars in your account in that one account only in that just from putting a $100 a month. So if you are looking at starting a younger, please Keep the effort number one make sure you get started number two be consistent Number three pick good stocks good dividend paying or growth stocks and put your money into those and just sit back and relax If you don't have the time to do research on individual stocks Definitely choose some really good index funds that pay Dividends or ETFs that pay dividends and stick with them and that definitely not being in the market is worse Than being in the market and not putting a ton of money So for the people that have started you are on the right track Just keep it consistent and keep putting that money in there and you're gonna see it Your life is gonna be a lot easier when you go you turn the 45 50 because you're gonna have a chunk of money Setting in there Let's just grow it and if you do what I call drip that dividend Reinvestment plan that it's even better. So when they pay your dividends when you're younger, you're not catching out those dividends You're reinvesting the dividends into the account that compounding Effect would definitely really help you grow. So I just want to put that out there And also if you are looking for dividend stocks that you want to invest into and you're struggling Just let me know in the comment section. I'm gonna put I have a less of about 60 Dividend aristocrats. So aristocrat dividends are stocks that have paid and increased their dividend payout for 25 consecutive years So those are really companies that you can't really go wrong with if you want me to share that with you Definitely, let me know in the comment section. I might put it up on my blog So you can download it there and use it and maybe that can help you so all right So let's jump into our the computer here and actually take a look at my dividend portfolio and see what's been happening So let's go. All right guys. So in my portfolio As you can see we're currently sitting at close to about 28,000 dollars Because of the virus and everything that account is currently not where it's supposed to be in my opinion so $1,500 in terms of gains and maybe about 15 percent, which is awesome So if I look up here so far Market gain is 1100 Dividend and is 327 dollars as of January. That's pretty good money And then so my goal again, like I said is to put money money in here. Just let it grow so Different in a sectors that I have in my pie is I have industry I have healthcare of technology real estate travel energy consumer stables telecommunication Financier the lunch money. That's not a sector. That's my as my own personal sector that created So I could whatever the gains that come out of that I use that for my own personal needs if I have to buy new headphones and stuff like that I'll pull money out of that and then food and drinks. That's another sector that I have so You probably Looking at hey, mr. V. Can you open those different sectors so that I can see what you have if you're looking for that? Again, I'll put the link in the description below You can go to my blog and you'll see all that information you see all the stocks that I own I think is about 50 stocks in in all these different sectors so go there and definitely check it out The purpose of this particular video today is just to show my dividend income So let's go and take a look at what has been happening. So I have to select here. I just want dividends So that's gonna show us the dividends that we've had here for the past three months and Specifically, I want to focus on Let's do a date range. So let's start with I want to do let's do all Let's do three dash 01 dash 2020 and then We do three I think three dash Um 30 dash 2020 All right. So in March We had No, oh, let's see. Oh Sorry All right. So in March, we had dividends from My five different our stocks. So LTC properties AV GO Gillette and then IBM and IGNC a lot of you guys probably know about IGNC, which is kind of like a This investment trust and they pay really good dividends. I like them So if we look at that so in March, we add this up. I think we made a Toter of about $26 and some change which is not bad Not bad for just putting your money there and watching it grow So that's that's pretty good twenty six dollars and some change. So let's see what we did in in April So we'll change that to four and then changes to Four as well and then This should be 30 All right. So in April As you can see HP Merck Seagate a GNC. Oh, and here's the thing though a GNC is a monthly dividend pair, which I love If you pay monthly dividends sign me on I love monthly dividend So that's why you saw them in March to pay dividends and then in April to pay dividends We'll see them again in May paying paying awesome dividend. So these are the companies that paid me dividends in In April and so in April we summed that total thing. I made about $47 if you just add this up about seven forty seven dollars and some change. That's not bad. So that total so $47 and again that is doing This covert thing which most of these companies either some of them either cut back on your dividends or some don't even pay dividends Just because they're trying to save money to stay afloat during the covert thing. So Let's see what we have in May. So go to five And this would go to five. Oh, sorry. That's five here and Let's see may 31st. I know it's not the 31st. Let's see what okay. So may So if we go all the way to May 31st, this is what we've got as dividends so if you add all this up a thing we made about $70 and some change and Abba here is our biggest payout of $27 and 97 cents, which is awesome That is good dividends and I'm thinking boy and if you see a agency here $9 and some change so Like I said, I love agency just for how much they pay in dividends It's a it's a pretty cheap stock and that's a funny thing. It's not even an expensive stock so definitely If you don't have them your portfolio, you should consider as far as that monthly dividend go so So just for the last three months if we add those that know the last three months We're looking somewhere at about so 70 plus 40 That's 110 Plus 26 so looking at 140 Close to about 150 Those three months and again guys, this is just dividends Here's how I want you to approach this in your mindset should focus doing this covert thing because I've actually Hear a lot of people on the channel complaining that oh All that company has cut their dividends. So I'm not gonna invest in it I was like, okay If you if you don't want to invest the dividend paying company because they cut their dividends during the virus I don't understand what the issue is if a stock goes from $50 and it drops to $10 And you buy that stock at $10 if they're not paying you any dividends You know for sure that you that the dividends is that you you're missing out on is gonna be covered by the growth That you're gonna get so that's that moves back from $10 to say $40 or $50 look at how much growth you've got So that grew to make up for that dividends until they reinstate their dividends and then you're back on track so again, that's some a question I get from a lot of people and some people come out and And and talk and like if they're trying to sound smart like oh that company has stopped paying dividends So I'm like so what does that mean? I shouldn't invest in that company anymore because it stopped paying dividends That's not the case. So it basically I Okay, if you look at just just so you guys see what I'm talking here If you look up the name of my portfolio here, it's actually say growth and income So the growth path is I'm buying stocks that are on the value Hoping that they would grow at the same time I'm buying on the value stocks that are dividend paying stocks So I'll get my growth from these to find that the stocks are on the value Then I'll get my income from the fact that they're paying dividends like what we're talking about right now So cash on hand right now of $21, which I'm gonna put back in the market tomorrow Or as soon as the market opens Yeah, I hate sitting on cash like that. I need to deploy that cash and just just get it working So that's it and that's my portfolio and again guys I keep adding as soon as I get my monthly paycheck. I keep adding more to this position And just trying to grow it and reinvesting all the dividends. I'm getting into the portfolio just so that it keeps growing and hopefully Get to the goal of a hundred thousand dollars as soon as possible And then we said the next goal that I've said again is a million dollars. So let's go That's it guys. So question of the day. What do you think about the portfolio? Do you invest in dividends? One of the things that I wanted to mention to you guys And I'm gonna say this at the very end of the video. It's just a simple fact that Right now. I'm using M1 for my dividend portfolio Eventually, I would have to switch from M1 to Webull And I'm gonna do a separate video to kind of explain to you guys why I'm going that route I'm gonna move all these these I know M1 looks nice and has all those those pies that I enjoy But I'm gonna move all my asset to Webull For some important reason and I'm pretty sure once I explain the reason to you guys You guys gonna want to do it as well. So I'm again, if you are interested in, you know, opening a Webull account I'm gonna put a link in the description below if you open an account today Or using that link you get two stacks not one but two So the first stock would value from like I think three dollars to two hundred and fifty dollars And then your second stock would go from twelve dollars to fifteen hundred dollars. So definitely Click that link check them out and take advantage and get some free stocks guys Again, free is free and if you don't even want to use Webull Go get the free stocks and move them over to whichever platform that you you like the best again guys If you're new to the channel we talk about how to earn money how to save money how to invest and build Worth so if that's something that interests you go ahead and hit that subscribe button and your notification bell So you don't miss out a new content and as always guys Stay motivated