Total 2015 Dividend Income: $62.25
Total 2016 Dividend Income: $322.91
What an eye watering difference a small year can make in terms of passive income. This is only with regular additions of income towards the greater purpose of passive income for early retirement or additional freedom. That's also $322.91 that my wife and I had to do nothing to generate. Passive income really is one of the best things in the world!
Other changes in the portfolio have come from the addition of new companies to the portfolio. Where it started with only a small hand full of companies, the portfolio now holds a respectful 17 different companies that have met my stringent requirements. I believe that they all hold the potential to be long term positions in companies that should continue to pay dividends. Where this might not be the case for all of them as the unexpected is almost guaranteed to occur, the hope is that the majority of them hold their ground and only get better and better.
Moving forward into 2017, the mission is to continue growing the dividend scythe portfolio. At this time I have a goal of 20 total companies in the finalized portfolio. Once that number is reached, I intend to add to the positions that I feel open ample opportunity for entry. If none offer what I'm looking for at that time, I plan to expand further outwards before upward. Only time can tell however. Other than portfolio outlooks, I plan to post more often than I have in the last few (admittedly slower) months. These posts will be much more geared towards personal finance as a whole rather than just investing as I feel that personal finance success is the ultimate goal and dividend investing is just the vehicle.
Hopefully I will continue to see all of your friendly posts and hear your input on the ideas that I share. Feel free to comment and say hello. I'd love to also see the results of your own portfolios if you're willing to post the results here. Happy 2017 everyone!