Hello again time for one of my favorite posts of each month, the dividend income update. July was again a great month, the development this year is really fantastic compared to the last year. In total I received 386.82 EUR or 432.77 USD compared to a dividend income of 245.60 EUR in 2018, that is an increase of 57.50%.
Why am I actually publishing my monthly income result?
Well to be honest for me it is more or less to write down my progress and to stay motivated in the end. In the last weeks I was looking at my results from three years ago, and I have to say I made quite a progress in the meantime. It is still a long journey to reach my goal of a yearly dividend income of 10 000 EUR but it is more than doable you just need the patience and this is what I want to show you with my monthly dividend income updates. So have fun reading my July Update…
Overview dividend income July
My total dividend income in July was 386.82 EUR or 432.77 USD compared to a dividend income of 245.60 EUR in 2018, that is an increase of 57.50%. . This is my best result and mostly coming from my investments in ETF’s
My average monthly dividend income in 2016 was at 58.86 EUR, in 2017 it was at 120.58 EUR, for 2018 it was at 137.86 EUR and in 2019 it is at the moment at 279.23 EUR.
My projected full year dividend income is now at 2 727.52 EUR or 3 051.55 USD that means I have now an average of 227.29 EUR per month.
As you know my goal is to reach a full year projection of 2 750 EUR, so I am still short of 23 EUR but I am very optimistic to reach that goal, as there is not much left anymore to reach that goal. Let’s when I will get there, the year has still 6 months to go :).
Again I have to say that investing in Dividend Stocks, ETF’s or whatever which is for the long run really pays you back. It is not that difficult you just need to focus on the long run. I am quite sure in the mid term a lot of us might have a portfolio in the deep reds. But this is time where we should buy and not sell. Investing is for the long term. I am now into that for three years and my snowball already starts to get bigger and bigger month by month. I am already curious where I am in 5 years from now on. It is just important to keep in mind:
Patience is one of your best friend on this journey!!
How was your dividend income in July?
Disclosure: I do not recommend any decision to the reader or any user, please consult your own research. Thank you for your understanding!