Weekly Check-in, August 2, 2015

I can’t believe it’s already August. Here in (North Central) Florida, the afternoon rains are in full-swing. It’s like clockwork. I can almost guarantee when I leave work that it will be raining.

I made some progress on the Dividend Dashboard this week, and now it reflects Dave’s most recent update to the list (07/31/2015). I’ve gotten some really useful feedback in comments and e-mails, which I’ve used to make changes.

Dividend Income Progress

  • Dividends received: $2.02 in my Loyal3 account ($0.47 KO, $1.55 DIS) (better than 0!)
  • New purchase: Early this month, I started an entry position of 7 shares in WPC at a yield of 6.24%, adding $24.02 to my annual dividend income. WPC is a real-estate investment trust that has caught the eye of many dividend growth investors recently. Management has grown revenue a staggering 40.4% over the past three years, and their net income has more than tripled in the same time frame. And it looks like (I hope) this growth will continue, as they continue to acquire high-quality properties around the globe. Most recently, they acquired a $26 million logistics plant owned by Scania (a Swedish auto maker).
  • Goal progress: So far, I’m meeting my goal set for monthly contributions.

I spent a lot of time reading this week. Everyone is putting out great articles. My ‘to-read’ list is getting longer than my ‘read’ list, but here are some of the posts that I have  enjoyed so far.

Weekly Reads

Other Stuff That Made Me Think

Fresh Posts on the Blog

 

Working Out

  • I’m doing pretty solid with my goals here. I averaged 6.63 miles per day this week. My longest run was 9.95 miles on Monday.
  • The 50k seems far away, but the end of October is swiftly approaching. I still have some solid workouts to get in before I’m ready for the race.

In other news, we started watching season 4 of American Horror Story. We watched the first 3 seasons on Netflix and fell in love. It’s a bit campy, and the creative team is really pushing the envelope with the gore and topic matter. Maybe that’s why we like it so much. It’s different from anything else that we’ve seen recently.

The move is also creeping up on us. We will be getting a U-Haul next Wednesday (the 12th), and heading out ‘West’ to College Station, Texas. We’ve penciled in 5 days for the trip, so we will have plenty of time to pack up the U-Haul, drive, and unpack, and set up the new place. Over the next week, we will be making the final preparations, gathering and packing clothes and buying some select furnishings and kitchen tools.

Hope you all had a nice weekend,

Dylan

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  • Dividend Diplomats

    Thank you for including my article! Very much appreciated. Keep up the great work here!

    Bert

    • http://www.mrmodernmillennial.com Mr. Modern Millennial

      Thanks for dropping by, Bert. Take care!

  • Wellroundedinvestor

    Nice complication of articles. Years ago without social media, people would just keeping the knowledge to themselves. Our generation are a lot more open with the help of social media. I wonder how much of an impact on millenial’s wealth vs generation x and babu boomers.,

    • http://www.mrmodernmillennial.com Mr. Modern Millennial

      That’s an interesting question, and I agree with you that information is a lot more distributed and accessible than it was in previous decades. I don’t know how one would study that, though. I bet that a minority of the population still consumes a majority of that information, and one question, like you mentioned, is whether the composition of that minority has changed over the years. Taking it a step further, if the composition has shifted to include more millennials, has it made a different in their wealth? i.e. are they using the knowledge appropriately? Our world is a world of distributions. I reckon that no matter how you slice it, you will find pieces of evidence supporting both answers. Bottom line: it’s hard to get the dataset that would be required to answer these questions. The great thing is that we don’t have to in our own personal paths to financial independence, we just have to keep finding high-quality companies to purchase ownership in, companies that will throw off dividends, and watch those contributions grow.

  • http://www.tawcan.com Tawcan

    Great list of articles, thanks for sharing them with us. Running 9.95 miles is pretty impressive to me. Congrats.

    • http://www.mrmodernmillennial.com Mr. Modern Millennial

      Thanks buddy. Happy Monday! Looks like oil got up on the wrong side of the bed this morning.

  • http://anythingyouwantblog.com Ali

    Thanks so much for sharing my post! Glad you enjoyed it!

    • http://www.mrmodernmillennial.com Mr. Modern Millennial

      Of course! Take care.