Thanks to our steadily growing portfolio of stocks, bonds and cash, we’re enjoying the benefits of a regular passive income. However, we still don’t own any company which pays out its dividend in July. That is why we had no capital income last month.
Our dividend and interest income has therefore not seen any change last month. Since January we were still able to earn a total of €1,563.88. However, the lack of dividends in July reduced our average passive income to €223.41 per month (previous month: €260.65) or €2,680.94 calculated on an annual basis.
Our annual goal, which is to generate an average passive income of €250 per month, became slightly more unrealistic again last month. However, in August, we expect the quarterly dividends of the world’s largest telecommunications company AT&T and US retail pharmacy and health care company CVS Health as well as the semi-annually dividend payment by Danish insulin specialist Novo Nordisk. This income will definitely improve our statistic quite a bit.
Recent portfolio additions in July 2018
On our way to financial independence we constantly try to improve our income situation. To that end, we pursue a twin-track investment strategy.
At its core stands a broadly diversified ETF portfolio, which we manage through value averaging. In July, it became necessary to add to our STOXX Europe 600 and MSCI North America ETFs. In total, we had to buy additional shares for €1,350.10.
Our ETF portfolio is complemented by a high-yielding stock portfolio, which we manage according to our own valuation metric. However, we didn’t initiate any new position in July.
Our passive income for 2018 is now expected to hit €2,758.98 (previous estimate: €2,798.18). That would be an increase of 35.1% compared to 2017.