|Emergency Fund ($72K)|
|College Fund (80K)|
|Passive Income Streams ($4000 pm)|
|Retirement Fund ($900K)|
|Roof for our Family($1 mil)||00.00%|
|Life Insurance||Done (term life insurance payments initiated)|
- July is a big letdown w.r.t. dividends compared to June….but, there were no rough spots in July on the personal side. Yeah for that!
- College fund stayed even again…zero progress for the second straight month is not so good…especially since I pump money into it every month.
- 401K took a hit in June…so, getting a positive gain in July was good news…not by much, but it is greater than zero 🙂
- Passive income for July 2015 continued the winning trend vs last year.
- I compute Passive Income per month as (total passive income in this year) / number of months completed this year.
- Total passive income is a sum of dividends + capital gains distributions.
- July Passive Income = (total passive income in this year) / 7== $319.11 pm.
- Doing it this way keeps the monthly passive income more realistic because I can instantly know which of my monthly expenses are covered by this amount. I keep a separate tracker for this which I will write about at a later date.
- I made a portfolio change in my IRA…moved some of the profits off to Vanguard REIT Index fund (VGSLX). This is my attempt at investing passively in real estate. I am happy I took this decision….somewhere in September/October time frame, I will think of adding to this REIT pile…I am expecting REITs to go down in price some more around that time. Lets wait and see!
4 thoughts on “Financial Independence Progress Report for July 2015”
What is good on your dividend reporting is that you bring it to a monthly proportion. I like the idea behind it. Thx for the suggestion. It will be quite some time before I report real dividends. First I will build up further my index portfolio, then I will start on the DGI part.
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Thanks for the good words! Housing is a big ticket item…having the expense start early in life is a good thing..it gives you time to chop away the debt slowly over time. I missed out on this one.
In my IRA (tax advantaged account), I use a total market index strategy. I was surprised to find that in December of last year, I got a solid chunk of dividends from the total market index funds…though, it only comes once a year in December. So, by investing in an index portfolio, you are already in DGI of some sort! Best of luck in your build up.
Looks like you are making great progress so far. Keep up the good work! I wouldn’t worry too much on the lower dividends- most companies pay a 2Q payment in June- Great job.
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The markets have been keeping our numbers flat as well lately, which is a bummer. At least July ended better than June did. Still looks like you’re making good progress!