My Mom’s Portfolio : Dividend Income Report Out January 2017

Hello and welcome to the first dividend income report of 2017 for my mom’s portfolio! As you could read in My Mom’s portfolio page, we took over the financial management of my mother at the start of 2016. My dad passed away since 2009 and since then my mom didn’t manage her financial situation. The bottom line situation of her finances was that she was paying a lot of banking fees and her investments recommended by the bank were generating little cash flow on her bank accounts. If she ever needs medical care or a pension home, she wouldn’t be able to afford it.

So in the last Quarter of 2016, we closed all accounts which had all those management fees and expenses and cut lose all bad investments. We placed everything on a ZERO COST account. At the 1^st December 2016 when the stock market rallied to new highs, we made our first investments. We invested in 2 ETF’s, one high dividend stock and 1 Closed End Fund. We also invested in one European dividend payer. We only invested 66% of the cash position which had a starting balance of 25.000 Euro.

The 2017 goal for my mom’s portfolio is to generate 1200$ in the total year which equals a 100$ per month. You can read the ultimate goal in our Dividend Outcome page.

Now you can read our first Dividend Income January 2017 Report Out

Dividends received in January 2017

During the month of January 2017, we received 338,08$ dividend income. This came from 4 of our 5 investments that we did in December. We received a quarterly dividend payment of 262,09$ and a monthly dividend payment of 75,99$.

We still have 43% cash available for new dividend investments, however we take a break now as February may turn out to be a slow month and will review opportunities for new investments.

Growth

Compared to previous years, the 66% of my mom’s portfolio generated the same cash flow income as her whole investment portfolio during 2016. We earned in ONE month what she earned in ONE year last year. When we calculate and summarize all her 2016 banking management fees, she probably didn’t earn anything and just got poorer without realizing it. We today locked in a 76$ monthly payment on her bank account which is awesome. Did you calculate how money you need to have on a savingsaccount to get the same result for one year? You probably didn’t…

Below you see our first overview of the passive income.

Going forward

We are now entering February 2017. In this month we will focus on the new Belgian tax regulations as the Belgian government decided to take out an additional 5 % of the dividend payout. Read all about it in who is stealing our money blogpost.

In February we will investigate to add or expand our own personal and my mom’s portfolio to accelerate the dividend income from those monthly or quarterly paying stocks or ETF’s. We are not in a rush to buy the quarterly ones as we just got our paycheck. We will keep an eye on them during February – March time frame if we can buy more when they become cheaper.

How are you doing with managing your finances? Do you put your money at work and grow your cash flow tree? We hope so !

Good luck with your personal finance strategy!