Here is the dividend income report for June, 2020.
The monthly dividend income came out to $1957.12. The yearly income total for 2020 through the end of the month was $4407.77.
The income for June, 2019 was $2244.44, and the yearly income for 2019 through the end of June was $4251.15.
All in all it was a good month. I have one less fund than I did last June (I sold RWR in May), but overall I did alright. I did buy some more BND for my Roth IRA at the end of June. So now my Roth will get income every month.
RWR is still doing well. Perhaps I sold too soon. Or perhaps the damage in the economy has not hit the stock market yet. I think I will stick with my plan to just sit tight until next year and then buy something. If I stick with Ron DeLegge’s plan, I should buy RWR. I am also thinking about KBE, the SPDR S&P Bank ETF (ETFDb page here, State Street page here). Banking is not a major asset class, but let’s face it: Banks make money coming or going.
I am also thinking about getting XYLD, the S&P 500 Covered Call ETF by GlobalX S&P 500 Covered Call ETF (ETFDB page here, GlobalX page here). Ron DeLegge has a premium newsletter with the Monthly ETF Income Trade. It sells covered calls in SPY, GLD and I believe one other ETF as well. It looks like XYLD might do something similar. It pays monthly. Ron DeLegge gives a dollar amount for what you would have made if you put $100,000 in his income portfolio (which would be in your non-core portfolio). If you had $100,000 in XYLD, you would have made about $483 in July. Not quite as good as Ron DeLegge’s portfolio, but not bad considering it’s less effort. I might hold off for a few more months. I don’t know how this strategy will do if the S&P 500 goes down. I think XYLD is more correlated to the level of the S&P 500 than Ron DeLegge’s portfolio.
My Roth IRA might get a lot bigger because I might quit my job and add my Roth 401K to it. There are a lot of things I do not like about where I work. I know this is not a good time to quit, but I frankly hate it there. This is no way to live.
Here is a table with the year-to-date amounts, the monthly amounts, and the three- and twelve-month moving averages for each June from 2011 through 2020:
Here are the securities and the income amounts for June, 2020:
- Vanguard Total Bond Market ETF: $164.38
- Vanguard Total International Bond ETF: $10.28
- RLI Corp: $24.73
- SPDR S&P Dividend ETF: $700.64
- Vanguard Utilities ETF: $270.44
- SPDR S&P Global Dividend ETF: $786.65
Big Jim is holding tight in his portfolio, but might make big changes in his life.