The Investment Road to Freedom

April 2nd, 2014 at 8:34 pm

March 2014 – Month In Review

March is normally a month that involves saving for our tax bill the following month and this was no different. We ended up owing $1400+ and much of February and March was spent collecting money together. March was also a month I came across Loyal3 – a commission free broker and I quickly signed up to be a part of that. The current goal of that account is to create a position in Apple though there are other companies that I’m also looking at for this account with Disney and Pepsi the others.

New Purchases: $35

Brought $35 of Apple (AAPL) in my Loyal3 account. This was spread over two trades – 0.0183 shares at $547.67 and 0.0466 shares at $536.96. This added $0.57 to my annual dividend payments.

Sales: None.

Option Trades: None

Dividends: $41.20

  • Ford (F) – $25
  • McDonald’s (MCD) – $16.20

This is my highest month ever for dividends beating December by $2.76!

Deposits: $500.82

Better than last month but way below what I expect. Out of this $500.82, $25.82 went to my 401K, $320 to my Roth IRA, $45 went to my taxable account, $25 went to Lending Club and $85 to Loyal3. Total deposits for the year stand at $1478.17 or an average of $492.72 per month. My goal is $1000 so I need to really pick this up.

 

Investment Road to Freedom fund value:

The fund value stands at $27337.86. +2.10%

The breakdown of the individual accounts show

  • 401k = $11891.25 +0.30%
  • IRA = $5440.57 +8.27%
  • Taxable = $7685.97 +2.06%
  • Other = $1845.80 -7.12%
  • EF = $142.28 +0.40%
  • Lending Club = $247.17 +5.00%
  • Loyal3 = $84.82

Credit Card Debt: $3289.01 -4.27%

I need to work on lowering this.

Car Loan: $30616.38 -1.33%

New Toyota Tundra purchased on Memorial day. Iā€™m looking forward to paying this down.

Mortgage: $174688.28 -0.13%

Our monthly payment is $1210.

Income from Pay: $3892.94

This is my take home amount.

Net-worth: $75989 +8.56%

Nice big increase from last month. At this rate I will easily reach my goal of $85k.

Summary:

It’s been a tough few months but I hope to gain some speed over the coming months. Highlights this month was the dividend income with my best month so far. With the addition of my Loyal3 account I expect to really increase my dividend payments. I’ve been thinking of moving some money around and just paying that credit card off. April I’m going to continue to make Loyal3 buys and maybe look to put some of my cash to use. In my IRA I have $1800 and in my taxable account I have $3300 in cash.

Hope everyone had a great month!

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6
  • Mr. SFZ
    6:23 pm on April 3rd, 2014 1

    Congrats on the 8% jump and setting a new high for dividends! Watching that income slow and steadily rise is one of the great parts about a dividend growth strategy. Good job on having plenty of cash set aside in your accounts. I don’t have a lot of patience when it comes to saving up cash, I usually spend it all on stock as soon as I get it. šŸ˜‰

    Best wishes,
    SFZ

  • investmentroadtofreedom.com
    8:18 am on April 4th, 2014 2

    Hi Mr.SFZ, I hear you on the patience thing. Couple of times I’ve been tempted and I think I’m close to pulling the trigger soon. Thanks for stopping by!

  • Richie
    7:01 pm on April 3rd, 2014 3

    Congrats on your monthly high for dividends and depositing $500 into your funds. Also, a solid jump in your net worth. Keep up the good work.

  • investmentroadtofreedom.com
    8:19 am on April 4th, 2014 4

    Thanks Richie. That Net-worth increase is great. I have my eyes of that $100k mark.

  • Ryan
    9:27 pm on April 3rd, 2014 5

    Hi there! Wanted to stop by and drop a line about your great month! Congrats on your biggest yet! I hear you on taxes, I had a gig last year that took no taxes out for 3 months and I felt the pain in March. Happy things are clearing up and you’re about to pickup speed so you can hit your goals.

    Thanks for posting!

  • investmentroadtofreedom.com
    8:21 am on April 4th, 2014 6

    Hi Ryan, I hate tax time. Always feels like I’m about to get financially abused! Good to see you are doing well over there!