by Challenge Results
If you remember a little while back, I challenged some of my readers to increase their total forward income. While I did receive some criticism for it (I always welcome productive and positive criticism).
My intention is to not chase yield, but rather to inspire someone/anyone to save just that little bit more and get that extra money to work for you. Have you seen my Half Year Net Worth?
My Challenge was to increase my forward dividend income by $1.00 for every day in July. This meant a $31.00 increase in forward dividend income… so did I do it?
Results
My previous months Forward Dividend Income (FDI) was $731.78.
It is now $795.49, that’s an increase of $63.71, which smashes my wanted increase in FDI of just $31.00. I am more than happy with that, although, what I did invest in is a little higher risk.
Check my Portfolio Page out here.
Purchases
- 660 Units of NAOS Emerging Opportunities ($47.85 increase in FDI)
- 135 Rural Funds Group – Rights Issue ($13.91 increase in FDI)
- 19 DRIP Rural Funds Group ($1.96 increase in FDI)
For a total increase of $63.71 or an increase of 8.70% which is much higher than my desired 4% increase.
How did your month go?
Due to vacation i haven’t posted my buys. But I think I made it 🙂 will send an update later!
Excellent, looking forward to it. Cheers
So just posted about my buys in July. I’m happy to report a $72,32 amount of forward income added or 16,6% 🙂
That’s fantastic. I’ll be sure to check the post out. Thanks for sharing.
Love this idea for a personal challenge to add a certain amount of forward income, although I can see how it could cause some people to chase yield. However, as long as you stay true to your own investing guidelines then it should be all good. I was able to add $174.80 in forward income via purchases in SBUX, JNJ, AFL, and O during July.
Hopefully people for the right message out of it. That’s fantastic, you almost tripled my forward income. Well done.
Congrats on exceeding your objective! From my standpoint, the market provided too few opportunities (though JNJ was tempting), so one minimal purchase made and rolled cash over into August.
Well done Charlie. Sometimes it’s worth holding off to buy at the right time. Thanks for the comment.
Nice job beating your goal BHL. We added $108 of income during July, you’ll find out what those are soon 🙂
Mr DDU
That’s fantastic mate. A really nice addition to your future income. Keep up the great work!
Only four goals left for you to achieve! Well done! Are you going to update and make even more ambitious goals?
I will have to take a look and give an update. I should have done that at the half way mark. Might make an update soon. Cheers
Keep challenging and pushing yourself to higher limits. It’s always nice when you can crush your anticipated results. Keep those dividends rolling in!
Thanks DivHut. It’s a slow and long race but every little bit helps. Cheers.
nice work bhl.
crushed it!
think i added about 45 bucks to ours last month.
keep it up
cheers
That’s great. Every little bit towards forward income helps!
Well done.