Great income without lifting a finger. Don’t get me wrong, I’m exerting effort while hiking the Appalachian Trail but I’m not doing a thing for the great income this month. “Getting paid to hike” as one friend put it. Here are the Freedom Portfolio dividends and reinvestment details for February:
O (Realty Income) $60.82
ABBV (Abbvie Inc) $584.67
OKE (ONEOK Inc) $3,345.16
T (AT&T Inc) $1,054.89
Total for February $5,045.54 WOW! I love it
Income growth is the goal. Goals are being met one compound period at a time. Comparing this month to the same month last quarter we can see the magic of compounding at work. $173.62 growth. That’s another $43 a month to spend or reinvest. Since my expenses are covered, I’ll let it ride. That’s another $694.48 annual income just from these four holdings in one month of Quarterly dividends. All for no effort. That’s freedom.
Without change in any component except reinvestment of last Quarter’s dividend and stock price, OKE’s income grew $93.16. That’s a trend of $100 per quarter growth that hopefully will continue throughout the life of this company.
Recent earnings and news have me very excited to hold this cash machine well into old age. The only downside to holding OKE for me is the stock price growth of over 63% since last Quarter. A great problem to have but it does decrease reinvestment growth. But its still yielding greater than 8%!
ONEOK being such a large part of the Freedom Portfolio, I need to think about when I would consider rebalancing, if ever. A large stock price gain may make it attractive to halve my position into another great holding or two. Time will tell.
ABBVIE has a 20% return since last Quarter and recent earnings, new product approvals and overall great business outlook make this a great yielding (4.78%) growth stock without the volatility of the NASDAQ.
AT&T is still my favorite position. Everyone continues to underprice this Stalwart of the health of our national infrastructure. Coupled with what I see as a very competitive position in media, I wish I had more capital to throw at it. The price weakness makes this my best long-term compounding holding.
As for Realty Income, it pays the cell phone bill each month just like clockwork and adds another .82 cents. Reliable as hell with growth that will continue to chip away at monthly expenses even with inflation.
Great month, great trend. I’m happy and confident the Freedom Portfolio’s income will continue to grow and fund my lifestyle of freedom and adventure.
How did you do this month?
Are your goals being met? Do you have goals?
If not, make some now. Make them reasonable, make them attainable but set some goal to provide the positive feedback necessary to motivate you.
Thanks for reading