Author: Mr DDU.
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One day we want to be able to live purely off the income from our investments. The earlier this happens in our life, the better.
How will we know when this happens? How do we know if we’re getting any closer?
By tracking it of course. Each month, we’ll add up how much dividend income we’ve received. Hopefully every time we do this it will show the income is steadily increasing, bringing us closer to my goal.
Out of all the things we track, our dividend income is the most important to us.
We have started this post series from July 2015 because the Australian Tax Year/Financial Year runs from 1st July to 30th June. We have been investing for a little while before the blog and we had to start somewhere, the start of the financial year seemed like a clear fit.
If you are reading this quite a bit later than when it was posted, information in this article might not be current.
In October 2015 we were paid the following in cash and franking credits:
- Japara (ASX:JHC): $41.91 Cash and $17.96 Franking Credits. Total $59.87
- Slater Gordon (ASX:SGH): $14.58 Cash and $6.25 Franking Credits. Total $20.82
- Total: $80.69
Would you like to see this on a graph? I bet you do, here it is:
With 4 months gone, that’s an average of $60.41 a month. Over $60 a month on average, that’s quite good.
Japara has got some real long term prospects with increasing amounts of elderly using their services. Slater Gordon continues to grow its business and dividend. I’m fairly confident this time next year both of these will have increased their dividends to us.
Another month above $80, 2 in a row! Not quite as strong as September but still fantastic. Although every month won’t be like this, it goes to show that with just a few small share purchases, the rewards are noticeable already. In the last 2 months, we haven’t had to do anything to receive nearly $180.. that’s the life if you ask me. We just need to supersize how much we’re getting.
What do you think of our progress so far? How was your October?
Thanks for reading this article about our investing journey Down Under.
Onwards and upwards!