Monthly Update - November 2013

I look forward to these updates each and every month.  It's exciting to watch my dividends grow and to track the progress I'm making.

I hope everyone had a great Thanksgiving.  It feels like both November and Thanksgiving just flew by.  I've noticed lots of lights and Christmas trees already going up where I live.  We're now into the last month, December, which is one of my favorite times of year.   Not only am I looking forward to the Christmas holidays but December is also one of my highest dividend paying months.

Below is a summary of my activity for the month:

New Purchases ( $14,391.27):

$2150 of TGT
$2050 of RDS.B
$750 of MO
$700 of TEVA
$600 of V
$400 of MDT
$250 of J NJ
$250 of WFC
85 shares of KMI ($2950.27)
100 shares of SO @ ($4291)

Posts about new purchases can all be found by following the "Buys" label here.

Sells:
None

Options Trades:

November was quiet from an options standpoint.  My only options transaction was the assignment of a SO put that I sold previously.  My total profit for the year so far is still $4149.  I've updated all of these trades on my Options tab.

Dividends:

I earned $364.23 in dividends for the month.  This is a little better than last month but lower than August due to a large dividend from VOD.  My total year-to-date dividend income is now $4740.72.  I've updated my dividend income on my Dividends tab.

Forward 12-month Dividends:

My expected forward 12-month dividend income has increased to $8644.11 from $8002.20, an increase of 8% in one month.  You can find my all of my monthly dividend information from the Dividends page.

Goals:

My last achievable goal will be met this month.  That goal is to have $5000 in dividend income for the year.  I only need about $260 and am projecting over $1000 for the month.  All of my goals can be found on the Goals tab.

Real Estate:

I mentioned the possibility of buying a commercial space for my business.  Well I now have an offer on a place and am moving forward with the purchase.  The building is a "shell" so the entire inside has to be finished out.  This could take until March of next year to finish.  I'll post more details of that soon.  This will obviously push back another rental purchase. 

My solar system is finally installed!  I'm just waiting for a couple of final inspections and I'll be live on the grid.  I'm excited to start producing some cheap alternative energy. 

All of my real estate posts will be found on my real estate label.

Net Worth:

My goal was to hit a net worth of $450k by the end of the year.  I achieved this goal in October and am now at $512k.  This is an increase of $45k Since last month.  A lot of this was due to my income and bonuses but the markets also helped this number out.  My revised goal is $525k by the end of the year which I think is still achievable.

I posted a 500K Net Worth Milestone titled, I'm Half a Millionaire!

Looking Ahead:

December is one of my best paying months.  I'm expecting close to $1200 in dividend income for December which will break through the $5k in dividend income that I set for a goal this year.

My revised forward income goal of $8500 has been met however I am expecting TWGP to quit paying its dividend which would be a big hit.  If this happens, I will need to add  $304.96 in additional income to make my $8500 target.  I'll need to add $8700 of new capital at 3.5% interest to do this.  I'm currently averaging $9656/month in contributions so It should be close.

I hope everyone has a Merry Christmas!