Dividends4Life and my entire blogging experience was started on a whim. I never expected it go anywhere and certainly didn't expect the growth I have seen over the last several months. At the time of this writing Dividends4Life has over 25,000 page loads per month and over 500 subscribers. My thanks to each one of you who have played an important part in this growth!
Not thinking that there would be any interest in Dividends4Life, early on I didn't display the standard AdSense ads found on virtually every site. Eventually, I added AdSense to the site and my earnings were measured in pennies per month. At that time I quipped, "this will never amount to anything more than pocket change."
As months went by, the pennies turned into dollars and I added other brands of advertising. Last month I hit a milestone - my cumulative collected earnings exceed $1,000. Now what to do with this new-found windfall?
Since Dividends4Life is an investing website, it didn't take long to decide that I would use the collected earnings to invest. Remembering my earlier quip, I decided to refer to this as my Pocket Change Portfolio (PCP).
I considered whether or not to open a Zecco account and keep the PCP totally separate. Ultimately, I decided not to add the administrative burden of a second brokerage account, but to treat the PCP as if it was in a Zecco account. That means I will charge the portfolio a $4.50 commission for each trade if the account balance is under $2,500. My plan is to purchase a stock now with the $1,000 collected and charge it a $4.50 commission. Save another $1,000, buy another stock and charge the portfolio another $4.50. Then I will save $500 and buy another stock without incurring any additional commissions. Thereafter, I will invest my monthly earnings as they are received.
In reality, I will piggyback these investments along with my normal monthly investments, thus not generating any additional commissions. I will provide periodic updates along with a page detailing my current holdings, including shares and market value.
I think this will be fun and an interesting exercise in watching a small acorn grow into an oak tree. If nothing else it will show the power in saving small amounts each month.
Next week I will provide my first update along what stock I purchased in September.
Related Articles:
________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
When a company pays a dividend, it's a good thing for shareholders. When a company consistently pays a dividend every quarter, it's ...
-
If you've been holding back from investing in your future just because you don't have a lot of extra cash to spare, I've got gre...
-
If you are looking for high-yield dividend stocks that can beat the market, you might want to check out these three companies. They all have...
-
If you are here to build a portfolio that thrives in all seasons, consider dividend stocks. They can generate steady returns and provide sta...
-
The company's remarkable consistency and low-risk business model make it a "first-choice investment opportunity," according to...
-
One way to achieve financial freedom is to create passive income, or income that does not depend on your active involvement beyond a certain...
-
Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contribut...
-
My top financial goal is to eventually become financially independent. The foundation of my strategy is to make investments that produce an ...
Congrats on your achievements! It must be nice making $1000/month online.
DGI: The $1,000 is my what I have collected life-to-date. I wish it were $1k/month.
Best Wishes,
D4L
Congrats on the growth of your site D4L!
MG: Thanks! Needless to say I never expected the level of success that Dividends4Life has achieved.
Best Wishes,
D4L
Great work D4L. I wish I could keep up the work rate on Monevator to get that sort of traction. As someone who has attempted to go down this path, I really appreciate what an achievement it is.
Luckily I'm better at growing my portfolio than my website! ;-)
Monevator: Thank you for the kind words.
Best Wishes,
D4L