JANUARY's 2023 DIVIDEND INCOME
January 2023, start the year with the market on the upswing rally. Hopefully this is a sign of a better year versus 2022. Our net worth also well up in January, which is a good thing mostly driven by the market. Our Rental portfolio value stayed steady and its beginning to rebound towards the all time high achieve in early 2022. We also welcome Jr. Dividend Pursuit #2, so sleep has been scarce so far this year, but we look forward to things getting better soon. At least I am on paternity leave and do not have to drive two hours each way in Boston traffic for now.
Our theme for this year will be:
- Capital improvements in our rental property
- increase our reserves and emergency funds
- Travel internationally at least once
- invest in target stocks in our taxable accounts and focus on index funds in our tax advantage accounts
Now without further ado let us review our January 2023 Dividend income. For January 2023, we collected a total of $783.73, in passive dividends wow a new record for January for us.
Just amazing the power of compounding has on the market and regularly invest in the market. We tend to tune off the market daily gyrations and what Mr. Market does on a daily basis. Instead we focus on our long term plan and regularly invest when capital are available.
On our taxable account we collected a total of $721.70 in dividend and on our Tax advantage accounts we collected $62.03.
We continue to regularly invest and buy value stocks with the hope to hold them for long term. At the same time we are also investing in our rental properties and continue to make capital improvements towards building long term wealth that will be passed on through our generation.
On our rental property Property #1, we finally found a new renter and they will be moving in February 2023. We had cash flow of $165.00
Property #2 is a different story we had some unexpected expenses that total negative cash flow $17786.00, ouch!
We expected more capital expenditure this year here in this property. Property #1 will also need new windows in 2 out of 4 units are we are collecting quotes to make this improvements that will hopefully will keep the tenants here long term.
Hope you had a good month! How did toy do last month?
Thank you for visiting,
Dividend Pursuit
Disclaimer: Long on all stocks listed
Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money.