In July I realized a dividend income of €298,16. This is 204% up from last year. This big increase is mainly realted to new positions in Unibail-Rodamco-Westfield, Anally Capital and some small positions in preferred stocks from Colony Capital and National General Holdings.

I got paid in July by 13 different companies with Unibail-Rodamco-Westfield, Anally Capital and Altria Group almost accounting for 50% of this income.

Besides the dividend income I made €26,50 from writing a put option ING Bank.

Dividend Income – € 298,16:

Unibail-Rodamco-Westfield	81,00
Anally Capital	40,43
Altria Group	24,25
Coresite Realty	21,67
Colony Capital PREF I	19,84
Colony Capital PREF H	19,78
Bank of Nova Scotia	18,91
HSBC	17,44
AGNC Investment	14,93
Coca Cola	13,82
National General Holdings PREF O	12,07
EPR Properties	10,33
Brown-Forman B	3,68

Option Income – €26,50:

• ING P10.50 19JUL19 – €26,50

Transactions:

• 24 shares Wereldhave
• 35 shares Taubman Centers

Dividend Changes:

• Bank of America +20%
• Simon Property Group +2,44%

2019 Target Status:

• I’m at €8.700 out of €14.400 deposit target (60,4%)
• I’m at €2.815,44 out of €3.500 dividend received target (80,4%)
• I’m at €459,95 income from writing options
• I’m at €2.600 in extra mortgage repayments

Recap:

• Deposited €7.500 versus a half year target of €7.200. On track!
• Received €2.517 in dividends versus a half year target of €1.817. On track!
• Extra repayment of mortage €2.600 above regular monthly terms.
• Realized profit due to writing options of €433,45
• Estimated dividend income 2019 at €4.300

Deposits:

My target monthly deposit I set at €1.200 this year. I didn’t really deviate from this plan so with with €7.500 transferred to my stock account I’m €300 above the mid-year target.

Dividend Income:

I received almost 40% more dividend than I expected. At the end of 2018 I calculated my expected dividend income based on my stock holdings at the end of the year.

At the end of 2018 / begin 2019 I did initiate a few short put positions and I used the received option premiums to invest in shares. As a result I have more money invested in stocks than I expected when calculating my expected dividend income.

As a result of the option premium invested in stocks my estimated dividend income this year is now €4.300 instead of the original target of €3.500.

Extra mortgage repayment:

In May I repayed €2.600 extra on my mortage. This is repayment above the regular monthly terms I pay.

I like seeing my mortgage debt going down faster than planned, but I don’t realize a big interest saving by this extra repayment.

Until 2026 the fixed interest rate on my mortgage is 1,99% so as a result of the extra repayment I save a whopping €51,74 in interest per year. As it’s in The Netherlands possible to deduct paid mortgage interest from the tax to be paid I’m actually only saving€25,87.

Nevertheless I like it to make the balance of this debt go down. Although interest rates are low now there’s always a risk that the next time the fixed interest is expiring that it’s at a time where rates are higher.

Option Income:

In the first 6 months of this year I realized profit of €433,45. I did write a decent amount of options end 2018 / begin 2019 with different expiration dates.

This is increasing the risk and volatility of the value of my portfolio, but it also gives the opportunity of extra income.

Fact Five:

• Largest Position: Royal Dutch Shell (€5.408)
• Biggest dividend payer: Royal Dutch Shell (€311)
• Estimated dividend income 2019: €4.322
• Biggest sector in my portfolio: REIT (18,3%)
• 59 different companies in the portfolio

Targets 2nd half year:

• 2 months only depositing and not buying shares, because I used a small credit to make some opportunistic purchases at market dips.
• Focus on buying European stocks, because USA stocks are expensive at current valuation and USD/EUR exchange rate
• Analyze my portfolio to check if the current sector allocation is balanced
• Thoroughly keep track of the risk related to the short put positions and adjusting whenever necessary.

Final Thoughts:

I’m confident that I will reach the increased target of €4.300 in dividend income. I’m curious how the market will develop in the 2nd halve year. It now feels like the market is at a high valuation, but with trade war and interest developments can result in volatility.

In July many companies will publish their half year results. Based on the publication of half year results it’s also possible that stock will react strongly. At the current valuation lot’s of good news already seems to be included in the price.

Also it’s possible that the half year numbers will be good, but that prices will go down substantial if a company is publishing a conservative outlook. I already saw this happening with various companies publishing good results, but combined with a sober outlook.

It’s always interesting to see how stock markets are reacting on news, but as investor who holds stocks for the long term it’s normally not something what is bothering me.

After having a few record breaking months June is a relatively calm month again. I received €425,87 in dividends. This is an YoY increase of 91,5%!

This month I received payments from 13 companies. The 3 biggest payers in June are for me Royal Dutch Shell, Macerich and Enbridge.

I also realized €202,75 in option premiums income. I got lucky this month in timing a coverred put on Colruyt. I shorted 100 shares Colruyt and also sold a put at a strike of €64. A few weeks later Colruyt dropped over 20% as a result of the sober outlook the publiced regarding the next bookyear.

As a result of the 20% price drop I got 100 shares delivered from the short put so I took the maximum profit for this construction in a few weeks time. Of course I could have have made more money without writing the put, but I was expecting the stock staying in a tight price range as it did last few months.

This was for me the first time I experimented with a short stock position. I can’t say that I did feel comfortable with it. It was a position which was often making me worry, because I don’t have the feeling that as private investor I can easily make money with short positions.

The cost for borrowing the stock I didn’t know upfront and is variable based on how asked a certain stock is among short sellers. It also did make me feel that the market ‘works against me’. Last month the stock market in general was up. It gave me the feeling that I could easily lose a lot of money if the stock would increase with a few percent.

I totally don’t have any worries about the stocks I own or the few naked short put positions I have, because I can estimate the risk of the naked puts, but the risk of rising stock prices or a takeover of a stock which is shorted not gives me a comfortable feeling.

So for now I decided that I won’t short any stock soon. Any position in my portfolio shouldn’t give me the feeling that it could potentially have a to big impact on my portfolio value if the bet is wrong.

Dividend Income – € 425,87:

Royal Dutch Shell	77,68
Macerich	53,33
Enbridge	48,97
Aegon	40,50
DSM	35,19
Think AEX UCITS ETF	27,56
Dominion Energy	24,36
Unilever	18,47
Qualcomm	16,33
AGNC Investment	14,99
Johnson & Johnson	12,71
Bank of America	11,85
McDonalds	11,36
Monmouth REIT	11,35
Boeing	10,87
EPR Properties	10,35

Option Income – €202,75:

• 2x AGN P4.30 21JUN19 – €24,60
• 1x COL P64.00 21JUN19 – €178,15

Transactions:

• 10 shares AbbVie

Dividend Changes:

• Think AEX ETF +12,8%

2019 Target Status:

• I’m at €7.500 out of €14.400 deposit target (52,1%)
• I’m at €2.517,28 out of €3.500 dividend received target (71,9%)
• I’m at €433,45 income from writing options
• I’m at €2.600 in extra mortgage repayments

In May I broke for the 3rd month in a row my dividend income record. I received €736,15 in dividends. This is an YoY increase of 111%! My record breaking streak will be over now for this year. Based on my portfolio and the timing of dividend payments, I estimate I will have to wait till April 2020 to set a new record.

This month I received payments from 18 companies. The 3 biggest payers in May are for me BMW, ING and Bayer. To be honest this is a funny top 3 for me. Normally BMW is a big cost for me, as I drive a BMW. I also pay monthly a substantial amount to ING, because I have a mortgage from ING. And Bayer well… the girlfriend is using some pills produced by Bayer.

Funny to have a 3 companies in the top 3 dividend payers this month which normally are responsible for a substantial part of my costs.

The son of my girlfriend is the most impressed by my lowest dividend paying company this month: Tencent. He told his friends that moms boyfriend is making money from Fortnite 🙂

Besides depositing €1.300 in my brokers account, I also did make an extra repayment on my mortgage of €1.500 reducing my mortgage debt and resulting in lower future interest payments.

I didn’t have any option income this month as I didn’t write any put options last month. Based on the high volatility I didn’t consider the option premiums worth it.

Dividend Income – € 736,15:

BMW	105,00
ING	88,00
Bayer	72,80
Macquarie Infrastructure Company	66,27
WDP	52,80
Flow Traders	50,00
Wereldhave	47,88
Danone	44,62
Omega Healthcare	34,27
AbbVie	33,53
ASML Holding	31,50
Simon Property Group	29,29
Amsterdam Commodities	27,00
AGNC Investment	16,88
Royal Bank of Canada	14,23
EPR Properties	10,38
Apple	8,27
Tencent	3,43

Transactions:

• Purchase 180 shares Annaly Capital Management
• Purchase 8 shares Baidu
• Purchase 6 shares Alibaba Group Holding

Dividend Changes:

• National Grid +2,7%
• Coresite Realty +10,9%
• Danone +2,1%
• Apple +5,5%

2019 Target Status:

• I’m at €6.300 out of €14.400 deposit target (43,8%)
• I’m at €2.091,41 out of €3.500 dividend received target (59,8%)
• I’m at €230,70 income from writing options
• I’m at €1.500 in extra mortgage repayments

Monthly Report April:

April was a record breaking month for me. I received €668,13 in dividends. This is an YoY increase of 133%. This month I broke the record I set in March with almost €250! Next month I will break this record again, because more yearly dividends are scheduled for payout in May. After May I have to wait till next year to set a new dividend income record.

This month I received payments from 18 companies. Biggest payers this month are Nordea Bank, Fortum and Aena. Basically yearly dividends from European countries made the majority of my dividend income this month.

Besides the €668,13 I received as dividend income, I also realized an extra income of €85,35 from expired or closed written put options.

Dividend Income – €668,13:

Nordea Bank	151,80
Fortum	110,00
Aena	83,16
Ahold	70,00
HSBC	36,97
Altria Group	24,32
l’Oreal	23,10
Novo Nordisk	20,73
Colony Capital PREF I	19,79
Colony Capital PREF H	19,73
Coresite Realty	19,49
Bank of Nova Scotia	18,53
LVMH	16,00
AGNC Investment	14,53
Coca Cola	13,91
National General Holdings PREF O	12,04
EPR Properties	10,31
Brown-Forman B	3,70

Option Income – €85,35:

• 1x ING P10.50 18APR19 – €25,30
• 2x AGN P4.50 18APR19 – €13,45
• 2x ING P9.50 21JUN19 – €46,60

Transactions:

• 80 shares Macerich @ $41,11
• 1 share Givaudan @ CHF 2.610
• 1 share Alphabet @ $1192.50
• 14 shares AGNC @ 17,89

Dividend Changes:

• Johnson&Johnson +5,6%
• AGNC Investment Corp -11,1%
• Louis Vuitton Moët Hennessy +17,6%
• Unilever +5,9%
• Aena +6,6%

2019 Target Status:

• I’m at €5.000 out of €14.400 deposit target (37,7%)
• I’m at €1355,26 out of €3.500 dividend received target (38,7%)
• I’m at €230,70 income from writing options

Monthly Report March:

March was a record breaking month for me. I received €420,64 in dividends. This is an YoY increase of 127% and this is the most I ever received in one month.

This month I received payments from 15 companies. Biggest payers this month are for me Unibail Rodamco Westfield, Royal Dutch Shell and Macquarie Infrastructure Company.

Besides the €420,64 I received as dividend income. I also realized an extra income of €135,20 from expired or closed written put options.

Dividend Income – €420,64:

Unibail-Rodamco-Westfield	81,00
Royal Dutch Shell	78,18
Macquarie Infrastructure Company	65,87
Enbridge	48,83
Dominion Energy	24,20
Unilever	17,42
Qualcomm	16,56
AGNC Investment	14,51
Bank of America	12,02
Johnson & Johnson	11,96
McDonalds	11,25
Monmouth REIT	11,24
Boeing	10,85
EPR Properties	10,25
Think AEX UCITS ETF	6,50

Options Income – €135,20:

• 2x AGN P4.50 15MAR19 – €14,60
• 1x ING P10.50 15MAR19 – €13,30
• 1x RD P25.00 21JUN19 – €107,30

Transactions:

• Purchase 29 shares 7,5% prefs National General Holdings (NGHCO) @ $22,23
• Purchase 5 shares Salesforce.com @ $165,06
• Purchase 6 shares Tableau @ $134,30
• Purchase 50 shares 7,125% prefs Colony Capital H @ $21,97
• Purchase 50 shares 7,15% prefs Colony Capital I @ $22,55
• Purchase 26 shares Bayer @ €57,24
• Purchase 100 shares Ahold @ €23,63
• Sale 65 shares Colruyt @ €65,10

Dividend Changes:

• BMW -12,5%

2019 Target Status:

• I’m at €3.800 out of €14.400 deposit target (26,4%)
• I’m at €687,13 out of €3.500 dividend received target (19,6%)
• I’m at €145,35 income from writing options

Monthly Report February:

In February I received €126,17 in dividend payments. Previous year in February I received €86,53 so my dividend income is up 231%.

This month I received payments from only 6 companies. Dividend payments from AbbVie, Omega Healthcare Investors and Simon Property Group are responsible for over 50% of my income this month.

Besides dividend income I also secured €10,15 in option income from a written put on ING.

Dividend Income – €126,17:

AbbVie	33,23
Omega Healthcare	32,21
Simon Property Group	28,87
Royal Bank of Canada	13,79
EPR Properties	10,32
Apple	7,75

Options Income – €10,15:

• ING P9.20 15FEB19 – €10,15

Transactions:

• Purchase 91 shares AGNC Investment Corp

Dividend Changes:

• Simon Property Group +2.50%
• ING +1.49%
• Nordea Bank +1.47%
• l’Oreal +8.45%
• Flow Traders +185.71%
• Aegon +7.14%
• Acomo -14.29%
• Coca Cola +2.56%
• Royal Bank of Canada +4.08%
• Bank of Nova Scotia +2.35%

2019 Target Status:

• I’m at €2.600 out of €14.400 deposit target (18,1%)
• I’m at €266,49 out of €3.500 dividend received target (7,6%)
• I’m at €10,15 income from writing options

Monthly Report January:

In January I received €140,32 in dividend payments. Previous year in January I received €42,43 so my dividend income is up 231%.

The first month of the year is never a big dividend income month for me. Actually normally January is the lowest dividend income month for me, but this year probably February will be the lowest month, because I expect €123,86 next month.

This month I received payments from 7 companies. Dividend payments from Wereldhave, Altria and Coresite Realty are responsible for over 50% of my income this month.

Dividend Income – €140,32:

Wereldhave	47,88
Altria Group	23,72
Coresite Realty	19,31
National Grid	18,01
Bank of Nova Scotia	17,95
EPR Properties	9,80
Brown-Forman B	3,65

Transactions:

• Purchase 21 shares Wereldhave
• Purchase of 27 shares Macquarie Infrastructure Company
• Purchase 3 shares Unibail Rodamco Westfield

Dividend Changes:

• 50% Dividend Increase ASML Holding
• EPR Properties Increases Dividend: 4,1%

2019 Target Status:

• I’m at €1.200 out of €14.400 deposit target (8,3%)
• I’m at €140,32 out of €3.500 dividend received target (4,0%)

Monthly Report December:

In December I received €242,66 in dividend payments. Previous year in December I received €74,00 so my dividend income is up 228%.

This month I received payments from 13 companies. Dividend payments from Royal Dutch Shell and Enbridge are responsible for over 50% of my income this month.

I did realize all targets this year. I received a total amount of €2.223 in dividend this year.

Dividend Income – €242,66:

Royal Dutch Shell	77,12
Enbridge	44,77
Dominion Energy	21,99
Unilever	17,42
Coca Cola	13,39
Johnson & Johnson	11,90
McDonalds	11,22
Monmouth REIT	11,21
EPR Properties	9,82
LVMH	8,00
Boeing	6,02
Bank of America	5,64
Think AEX UCITS ETF	4,16

Transactions:

– Purchase 32 shares The Bank of Nova Scotia

Dividend Changes:

– 20,2% quarterly dividend increase Boeing (+$8,40)
– 10% quarterly dividend increase Dominion Energy (+$9,90)
– 6,8% quarterly dividend increase Coresite Realty (+$5,60)
– 10% quarterly dividend increase Enbridge (+C$26,80)

2018 Target Status:

I’m at €18.000 out of €18.000 deposit target (100,0%)
I’m at €2.223,72 out of €2.200 dividend received target (101,1%)
I’m at €5.900 out of €5.000 extra mortgage repayments (target reached)

Monthly Report November:

In November I received €155,54 in dividend payments. Previous year in November I received €40,74 so my dividend income is up 282%.

Besides my monthly deposit to my stock account I also repayed €500 extra towards my mortgage principal. As I only pay 1,99% interest this will not result in a big interest saving next year, but I enjoy the feeling that I won’t have a mortgage anymore within a few years.

This month I received payments from 7 companies. Macquarie Infrastructure Company, Omega Healthcare, AbbVie and Simon Property Group are responisble for over 80% of my dividend income this month.

This month the share prices were down a lot due to trade war fears. My China-Tech related exposure increased by purchasing Alibaba and Tencent. Also I bought 112 shares Royal Dutch Shell at the end of the month, because Royal Dutch is down over 10% since its top and I consider the dividend yield of 5,6% a decent level to buy.

Only one more month and another year has finished. I expect to realise all targets set for 2018. In the first weeks of December I will set my targets for next year.

Dividend Income – €155,54:

– Macquarie Infrastructure Company €37,03
– Omega Healthcare €30,93
– AbbVie €29,62
– Simon Property Group €28,27
– Royal Bank of Canada €13,70
– EPR Properties €9,52
– Apple €6,42

Transactions:

– Purchase 8 shares Berkshire Hathaway
– Purchase 25 shares Altria
– Purchase 2 shares Boeing

Dividend Changes:

– 25% interim dividend increase LVMH
– 11,5% quarterly dividend increase AbbVie
– 5,1% quarterly dividend increase Brown-Forman

2018 Target Status:

I’m at €17.300 out of €18.000 deposit target (96,1%)
I’m at €1.981,06 out of €2.200 dividend received target (90,0%)
I’m at €5.900 out of €5.000 extra mortgage repayments (target reached)