Dividend Stocks

Passive Income Dividend StocksDividend Stocks: 2021 target $17,000 passive income

Dividend income is my favorite form of passive income. Investors own a small part of these public companies and they work for you. These days, I focus on companies that consistently grow their dividend income over the years. This strategy will ensure that our dividend income keeps growing even if we don’t add new money. Currently, we reinvest all the income from this portfolio, but we’ll use it to pay our expenses once Mrs. RB40 retires.

If you’re a new investor, here is a helpful post – How to Start Investing in Dividend Stocks.

As for reinvestment, I don’t DRIP in this portfolio. I just accumulate the dividend income and invest in more dividend stock or real estate crowdfunding whenever I can.

For 2021, I hope to generate at least $17,000 from our dividend portfolio. *EOY update* We generated $14,144 from our dividend portfolio. This is way below my target. I traded some stocks and some of the newer holdings have lower dividends. Disney isn’t paying dividends right now. Visa’s dividend is about 0.7%. InMode is a growth stock. In 2021, I focused more on total portfolio growth rather than dividend growth. Mrs. RB40 puts off retirement so we don’t need income right now.

Where to invest

Currently, our dividend portfolio is with Vanguard.

For new investors, I highly recommend Firstrade. Firstrade is a great discount brokerage that I used for many years before moving to Vanguard. Trading is free now. Check them out, Firstrade is a great online brokerage.

Robinhood is another nice place for beginners. You can start investing with very little money by buying fractional shares. If you want to invest $100 in Apple, you can do it. They have free trading as well. Sign up with Robinhood and pick up a free share of stock.

You can see all of our passive income over on the Passive Income page. I will update these passive income pages monthly.

YTD Dividend Portfolio Update

YTD 2021 dividend income = $14,144

The stock market did quite well in 2021. Our portfolio benefited and hit a new high almost every month.

Here is a chart of our dividend income since 2012.


You can see what stocks we have in our portfolio here – Our Growing Dividend Income.

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Joe started Retire by 40 in 2010 to figure out how to retire early. After 16 years of investing and saving, he achieved financial independence and retired at 38.

Passive income is the key to early retirement. This year, Joe is investing in commercial real estate with CrowdStreet. They have many projects across the USA so check them out!

Joe also highly recommends Personal Capital for DIY investors. They have many useful tools that will help you reach financial independence.