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February 2020 Dividend Income Report

Welcome to my 7th monthly dividend income report for February 2020. In this report, I’ll cover my passive dividend income growth along with dividend increases and changes in my portfolio as I aim for my dividend income to surpass my monthly expenses.

These holdings are broken down between my FundriseRobinhoodStash Invest and Fidelity accounts.

I received dividend income from my REIT holdings at Fundrise and dividend paying stocks across the brokerage accounts listed above.

To keep these numbers simple, I’ll list the companies I own along with the dividends received.

CompanyTickerDividends Received
AppleAPPL$0.79
AT&TT$2.62
FordF$8.69
MastercardMA$0.15
Realty IncomeO$0.70
Fidelity Money Market FundSPAXX$0.02
Fundrise~$4.46
Total$17.43

February 2020 Buys & Sells

February was a down month overall due to the latest stock market correction. The Coronavirus has put fears in investors all over the world and I expect to see stocks continue to decrease in price over the short term.

I remember the same scenario back in 2008 when the DJIA dropped from an all-time high of around 13,000+ in August 2007 down to just over 7,000 points 18 months later. This could be just the beginning of a major correction but I think it's important to think about your long term goals.

If you are more than 10+ years until retirement, then this is an opportunity to strengthen your portfolio and add as many shares as you can. After the 2008 stock market crash, I watched from the sidelines as many people became millionaires over the next 10 years.

I don't plan to make the same mistake twice. So I will continue buying and using dollar cost averaging to accumulate as many shares as possible.

If you are less than 5 years from retirement then you may consider moving to cash to protect your portfolio from major losses. Long term treasury bonds & gold are 2 common safe havens during turbulent stock market crashes.

I didn't add to many positions other than selling off my stake in Ford (F).

Thanks for checking out my progress and stay calm as we deal with a volatile market.

Good luck!

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