Life has been incredibly busy, and I haven't had the chance to provide updates on my dividend income for Q1 and Q2 of 2024. However, I'm excited to share my progress now and give you a comprehensive look at how things have been shaping up so far this year. Let's dive into the details, starting with my taxable account.
In the first quarter of 2024, my taxable account generated $547.68 in dividends. This amount was a solid start to the year and set a good foundation for the months to come. The steady performance of my dividend-paying stocks contributed to this result, showcasing the resilience of my investment strategy.
Moving into the second quarter, my dividends from the taxable account increased to $623.06. This uptick was a welcome boost and reflected the continued growth of my investments. However, it's worth noting that the Q2 dividends would have been slightly higher if not for a timing issue with VTSAX. The dividends from VTSAX posted only in Q3, meaning they will be part of my Q3 dividends instead.
So far in 2024, my taxable account has yielded a total of $1,170.74 in dividends. Breaking this down, it averages out to approximately $97 per month. This consistent income stream is encouraging and highlights the benefits of a well-diversified portfolio.
For my non-taxable account, specifically my Roth IRA, the dividends in Q1 amounted to $63.75. This amount has remained fairly steady, largely because I haven't added new funds to my Roth IRA recently. Nonetheless, these dividends are a testament to the long-term growth potential of my retirement investments.
In Q2, the dividends from my Roth IRA saw a slight increase, reaching $74.67. This gradual growth is reassuring, and I plan to make additional contributions to my Roth IRA soon to enhance this steady income stream.
From my non-taxable account, I've received a total of $138.42 in dividends so far in 2024. While this may seem modest compared to my taxable account, it's important to remember that the Roth IRA is a crucial part of my long-term financial strategy.
Here's a visual representation of the historical progression of my dividends:
In addition to my traditional dividend-paying investments, I have also diversified my portfolio through Fundrise. This platform allows me to invest in real estate, private equity, and venture capital funds, providing a broader range of opportunities.
The real estate component of my Fundrise portfolio has seen somewhat diminished returns recently. Despite this, it remains a valuable part of my investment strategy. In Q1, I received $39.83 in dividends from Fundrise, and in Q2, I received $39.85. The consistency in these dividends, even if modest, is a positive indicator of the stability of these investments.
So far in 2024, my investments through Fundrise have yielded $79.68 in dividends. This amount, while not as high as my other accounts, represents a key aspect of my diversified investment approach. Here's a look at the progression of my Fundrise dividends:
Thank you for following along with my dividend journey. I look forward to providing more updates and sharing the progress of my investments as the year unfolds. Feel free to share your thoughts, experiences, or questions in the comments below. I'm always eager to engage with fellow investors and learn from each other's journeys. Happy investing!
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