BMWYY - My Dividend Stock Portfolio: New January Dividend Record - 98 Holdings With 23 Buys

2024-02-14 08:15:00 ET

Summary

• Markets continued to go higher in early 2024 with the Dow adding 0.4% and the S&P remaining flat in January.
• Interest rates were kept steady again in a range of 5.25% to 5.5% with the market now projecting fewer hikes this year as the economy remains stronger than expected.
• Net investments reached around $1,800 in January, primarily targeting high-yielding BDCs.
• Dividend income hit a new January record of $643, up both 5% annually and quarterly, with the goal of adding at least $100 in forward dividend income every month hit again.
• Gifted Working Time 2024: Around 19 hours, or 2.3 days, of active work have been replaced with passive income in 2024, which is basically equivalent to half a working week funded with dividends. That is great progress and I can't wait to add another month to that statistic.

January 2024 in Review

2024 began on a high note with an earnings season that surpassed expectations, buoyed by contained inflation and stable interest rates. The Dow Jones Industrial Average saw a modest uptick of 0.4%, closing the month at 38,467 points, edging ever closer to the significant milestone of 40,000 points. Similarly, although the S&P 500 remained relatively flat in January, it closed at 4,925 points, eagerly poised to breach the 5,000-point mark....

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