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?
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.
- 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?