Tag Archives: may 2014

May 2014 Balance Sheet

Today I’ll be sharing my personal balance sheet, listing all of my assets and liabilities to figure out what my current net worth is. Tracking your net worth is a good exercise in my opinion since it provides you a quick snapshot of your financial life.

Considering the high level of extra expenses I had in May, I think overall I had a decent month. Due to the expenses and situations back home, I didn’t make any investing activities this month so all investment account value changes are due to the market. Note: the +/- after each category total represents the change only from the prior month.

Assets

Emergency Fund:$4501.01 (+.73). Yay for interest! 😉

Cash Savings: $6157.25 (+558.15). This includes all short-term savings and my checking account.

Roth IRA: $10,692.92 (+123.96). Just market gains at this point. Apple continues to lead the way on that front.

Brokerage: $10,608.35 (-140.92). Just following the ups and downs of the market at this point plus some new dividends.

Loyal3: $2028.56 (-61.42). No new purchases this month as I focused on building up cash after a few large expenses used up most of my investing capital.

Thrift Savings Plan: $1176.85 (+112.42). I started contributing a small portion of my paycheck to the TSP in March, splitting my contributions between a S&P 500 and a small-cap stock index fund. This is the one portfolio where I’m investing primarily for total return as these funds do not pay dividends. However, they do have some of the lowest expense ratios you can fund in a retirement plan.

Auto Worth: $5716.00 (-22). My car value continues to trend downward which is to be expected for a 10 year old car. The only reason I include it here is that it is the one non-financial “asset” that if I ever needed to sell, could probably get close to its market value.

Assets Total: $40,880.94 (+545.92).

Liabilities

Credit Cards: $224.21 (+31.97). As I never carry a balance on my cards and the billing cycles ends in the middle of each month, this is simply my current balance at the end of the month. Like a lot of personal finance bloggers, I’m only in it for the rewards! 😉

Net Worth: $40,656.73 (+513.95). Compared to last month, May was a much smaller gain, but all the categories continue to trend in a favorable direction.

How was your May for finances? Do you track your net worth and if so, are there any other items you track? Please leave a comment below and thanks for reading!

Disclosure: I am long Apple (AAPL).

Monthly Dividend Income: May 2014

My favorite post to write each month. 🙂 This is when I get to share all my dividend income for the previous month. These dividends are what I’ll eventually use to live off of when I become financially independent.

I share these figures along with monthly income/expenses to not only track my progress towards financial independence but also to hopefully show others that it is possible to get started with dividend growth investing with a low income. The hardest part is weathering the first few years of small dividend payments and allow the compounding snowball to get rolling.

Here is May’s dividend income from my 3 stock investment accounts: Roth IRA, Loyal3, and Taxable Brokerage. I automatically reinvest all dividends in my Roth and selectively reinvest dividends, combining them with fresh capital every month or two, in my other accounts.

Roth IRA

AT&T (T): $12.28-reinvested into .344 shares @ $35.67 per share.

Apple (AAPL): $6.75-reinvested into .011 shares @ $592.23 per share.

Realty Income (O): $2.82-reinvested into .065 shares @ $43.01 per share.

Kinder Morgan Inc.: $13.86-reinvested into .415 shares @ $33.36 per share.

Loyal3

No dividends this month.

Taxable Brokerage

AT&T (T): $18.86

Realty Income (O): $19.89

May Total: $74.46. A new monthly high! 🙂 Just by a couple bucks, beating March’s numbers. With 5 months down I’ve now received $294.70 for the year. I can probably now safely say I won’t be hitting my goal of $1000 in dividends this year but with projected annual dividends approaching 1k, I should be able to reach that figure for sure next year. Oh, well, as long as I am making progress. 😉

 

Full Disclosure: I am long T, AAPL, O, and KMI. This post is not intended to be a buy or sell recommendation on any stock mentioned and is designed to be used for educational/entertainment purposes only. Only you are responsible for your investing and I always encourage you to conduct your own research prior to investing. Please see mydisclaimer page for more information.

How was your May for dividend income (or portfolio gains for any growth investors)? Do you have any dividend income goals you are trying to reach this year?