Developing a Portfolio of Safe and Secure Regular Income

Refresh and Restart

New Beginnings…

Last time I was here was over 3 years ago. Things have changed somewhat since then. I am getting very close to retirement and need a steady source of supplemental income. I have funds to invest and a solid track record over a lifetime of investing. So I am going to give this dividend income strategy another shot. I want to share what I do with this new strategy with anyone interested. I don’t intend to charge a subscription or any other fees. Free advice to follow or learn from. Take it for what you will.

I have updated my initial “goals” post below. As of tomorrow, I will liquidate an account and start investing only in dividend stocks with that account and track it all here. Follow along on rss or with a newsletter or email subscription.

I plan to post weekly at least during the initial investing period, but I know from experience that is ambitious. Life gets in the way. So posting may not always be so regular. You have been warned. When not doing a full post or update, I plan on posting short entries to micro.blog and twitter. I may take me a few days to get those connections up and running, but they will be coming.

This will not be a “fancy” website. Totally basic and designed only to provide the information and methods of my investments. I may tweak it from time to time. In fact, I will most certainly do so. But it will never be a full database website with tons of graphics and flash. Nope. Just a basic infomational website designed for speed and ease of use (for me). There is an rss feed, and also an option for email or newsletter subscriptions. Sign up if you like. Or just sit back and watch. I will try to incorporate some kid of comments, not sure how just yet.

Right now, the site is on a write.as subdomain. But I will soon update it to a custom domain: DailyDividends.com. That is where you will find me. Much easier to remember.

Here is my updated original post from May 2022:

I have been thinking about a blog on dividends for quite some time. There was always some reason not to get started on it. The timing just wasn’t right. Well, the timing is never right… ever. And you will waste your life waiting for the right time. So, now, today,is the right time to get started. Now. Right NOW.

Goals

The Goal of Daily Dividends is to develop – over a number of years – a steady, growing, stream of daily dividend income. There is something awesome about mailbox money – that is money that just shows up in your mailbox. You don’t have to do any work to get it. the work has been previous done. Passive income, royalties, and dividends all fit into this category.

Ultimately, I would like to get to $100/day in dividend income, so that will be the long term goal. $100/day in mailbox money is $36,500/year. A nice supplemental income for anyone.

Because that will take a significant amount of time, I will set some interim goals. The initial goal will be $1 a day in dividend income. We will set the next interim goal after we reach our first.

Methods

We will have a few methods to try to reach our goals.

  1. First, we will buy high quality dividend paying stocks that have a track record of good payments, but are out of favor for one reason or another. These stocks will have high historical yields based on their past yields. When the values increase, we will consider selling and redeploying our capital.

  2. Second, we will invest regularly until the corpus is fully invested. Base position size will be $10,000, and the initial investment in any stock will be around $5000. Initial position can be increased depending on performance. We will update weekly and invest until we are fully invested. The plan will be to be fully invested in the market with little cash. But it will take us a year or so to get fully invested. Cash is paying around 4% now, so being in cash in not a bad thing, especially in these turbulent times.

  3. Third, we will focus on the value of our income, not the overall portfolio portfolio value. Dividend income tends to be steady, and the kinds of companies will will invest in are consistent dividend payers. Income will be our guiding star, nothing else.