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 lives, the better.
How do we know if we’re getting any closer? By tracking it of course.
Our dividend updates and graphs run from 1st July to 30th June each year, lining up with the Australian tax year, so this was the final tax month.
In June 2016 we were paid the following in cash and franking credits:
- Total $0.
Below is the graph showing our total yearly dividend income for the 2016 Australian financial year:
With the year gone, that’s an average of $40.07 a month and a total of $480.81. The average has decreased from $43.71 since our last dividend update for May.
What this sadly means, is that we didn’t hit our $500 target. So what happened? Well, all of our new purchases don’t pay until later months, and the main reason was good old Slater & Gordon (ASX:SGH) cancelled their dividend for the second half of the year. If they’d just paid the same dividend as the first half, then we’d have made it. We’ll post an article on their situation soon.
Oh well, life happens and we learned a lot of lessons from our SGH investment; it’s way better to learn these lessons at the start of our FIRE journey (and young) rather than being 20 years in and tens of thousands of dollars are at stake.
We’re really happy with our first blogged year of dividend updates; almost $500 is a great start! If we made no more purchases, $500 can do a lot of compounding on its own. Even though IVF is making our investment journey a slow start, we’re glad we’ve started and we are learning a huge amount financially (and about life in general) every week by being on this FIRE voyage.
How was your June for dividends?
Thanks for reading this article about our investing journey Down Under.
Onwards and upwards!