Passive Income Growth 2023/11 – Invested $26k in 9 Great Stocks

November was income growth wise a quiet month for me. Received $857 US after tax in dividends, from 7 companies - and put $26,000 US to work!

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Passive Income Growth Nov/2023 – Invested $26,000

 

In terms of dividends, November was a relatively quiet month for me. I received $1,014 US before and $857 after tax in dividends, from seven companies:

 

    Shares Amount
2023/11/27 🇸🇬 DBS 700 $245
2023/11/24 🇺🇸 AbbVie 145 $215
2023/11/16 🇺🇸 AT&T 625 $173
2023/11/15 🇺🇸 Welltower 200 $122
2023/11/15 🇺🇸 Procter & Gamble 125 $121
2023/11/08 🇺🇸 Realty Income 445 $114
2023/11/01 🇺🇸 Deere 18 $24
  Total   $1,014

 

Every single dividend stock paid more than the previous year (see the year-on-year comparison on the following chart) – the kind of dividend-snowballing income growth action dividend investors like myself enjoy seeing.

Income Growth 2023-11 MOM

 

 

My Largest Income Growth Providing Dividend Stocks

 

The following table lists my biggest dividend payers of 2023:

income growth biggest dividend payers 2023

 

 

 

 

Quarterly Portfolio Income Growth

 

When looking at the quarterly income growth of my portfolio, we see that Q4 is my weakest one in terms of dividend income.

quarterly income growth comparison

October, November, and January are my weakest month.

That’s also one of the reason why I invested $26,000 in the specific stocks this month that are currently undervalued and pay dividends either in Oct or Nov.

 

 

Dividend Stock Purchases Of The Month

 

Here is what I bought, hoping to accelerate my passive income growth in those months:

 

    Shares Amount
2023/11/30 🇺🇸 Mondelez 50 $3,560
2023/11/20 🇺🇸 Cisco  150 $7,131
2023/11/20 🇺🇸 Procter & Gamble 25 $3,777
2023/11/17 🇺🇸 Deere 8 $3,008
2023/11/15 🇬🇧 Ecora Resources 2,720 $2,975
2023/11/09 🇺🇸 Welltower 30 $2,550
2023/11/09 🇸🇬 DBS 100 $2,458
2023/11/08 🇫🇷 LVMH  🆕 1 $775
2023/11/07 🇺🇸 Avalon Bay 3 $510
  Total   $26,743

 

 

My First Luxury Stock

 

income growth with luxury stock LVMH

So I dripped (Dividend Re-Investing Plan) into eight of my existing holdings, and bought one stock of LVMH (LVMUY), the world’s largest luxury company.

I might write one article about LVMH at some point, but, in short, I like it because it produces high-end products that are both scarce in the physical and digital world and have proven to be extremely desired by people all over the world.

The company can almost be seen as a luxury ETF with the hundreds of leading brands it owns in its portfolio.

I only bought one LVHM stock to see how much withholding tax would be deducted. Sometimes, depending on your broker, the French withholding tax can be substantial (about 35%), and if the German WHT of 26% is also deducted, then this would slow my income growth and I might not want to own this stock in my All-Weather Portfolio.

 

 

November’s Trade Idea

 

Earlier in November, I sent out a Trade Idea to my email list to buy Coinbase (COIN).

 

I bought 200 x $86 and 100 x $92, for a total purchase value of roughly $34,500.

I shared that I think $COIN is a buy under $105. Hope some of you joined and followed this trade idea.

 

If you didn’t buy $COIN yet, do not buy it at the current levels of $125-135, and wait for a pullback to the $105-110 level, which would be a normal and healthy correction within a positive upward trend.

With my trading account, which I keep completely separate from my other accounts, I aim to generate additional cash flow and enter short-to-mid-term trades (often a couple of weeks to multiple months).

 

 

Conclusion

 

A quiet month, with steady income growth.

I expect next year’s November will be much better (dividend-wise) for all the shares I purchased with November as the dividend month!

 

 

 

📘 Read Also

 

 

FAQ

 

How to achieve income growth?

You can realize income growth by buying dividend-paying assets like stocks, e.g. $JNJ, $PEP, or $MSFT, that increase their yearly distribution. For example, you can take a look at the dividend kings, a list of companies that consecutively raised their dividends for 50+ years. You can also own and use rental properties. To achieve income growth, you need to be able to frequently raise the rent.

What are ways to grow your income?

There are multiple ways to grow your income. Let’s look at the most popular options:
1/ Get a raise
2/ Buy shares of publicly listed companies that pay dividends
3/ Acquire shares of private Ltds that distribute yearly profits
4/ Purchase some cryptocurrencies that can earn you interest
5/ Do side hustle jobs like Amazon dropshipping
6/ Offer your skills via freelance platforms like Upwork
7/ Setup a blog to generate affiliate income e.g. on Hostinger

Which dividend stocks to buy for income growth?

If you are looking for dividend stocks that will provide you with solid income growth, try to find companies that can prove to you that they have been able to do so for many years. For example, look at Dividend Kings, those are companies that raised their dividends every single year, for 50+ years! Not an easy feat, and only approx. 65 companies can call themselves Dividend Kings. I own several of them in my dividend portfolio, such as $JNJ, $PG, or $PEP.

How long does it see dividend income growth?

You should only buy dividend stocks that reliably increase their dividend every year. You gain nothing from a large one-off dividend payment when the share prices fall rapidly thereafter, and the dividends get cut due to weaker operational results. At the end of the day, you are buying a part of a company, and the most important factor is how well the company will be doing, operationally and financially, in the years to come.

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About Me

Hi there, I’m Noah, an avid DIY investor on a quest for wealth & wisdom. I’m sharing my portfolio, trades & dividend income so you can learn from my missteps! Sign up for my 100% free newsletter to get updates.

Freedom Stats

🧑🏻‍🌾 Age when reaching FI: 40 in 2018
😰 Left the rat race: May 2017
🏠 Living in: Singapore
👨‍👨‍👧‍👦 Number of kids: 2
💵 Net Worth: $5.5 Mio US
☂️ All-Weather Portfolio: $975k
🍭
Dividend Income (2023): $25k
🌳
Passive Income (2023):
$157k
💵
Crypto Portfolio: $1.5 Mio
♥️
My 10 Favorite Dividend Stocks

🧑🏻‍🌾 Age when reaching FI: 40 in 2018
😰 Left the rat race: May 2017
🏠 Living in: Singapore
👨‍👨‍👧‍👦 Number of kids: 2
💵 Net Worth: $5.5 Mio US
☂️ All-Weather Portfolio: $975k
🍭
Dividend Income (2023): $25k
🌳
Passive Income (2023):
$157k
💵
Crypto Portfolio: $1.5 Mio
♥️
My 10 Favorite Dividend Stocks

Disclaimer

I’m not a financial advisor. Please do your own research & read the disclaimer. No content is meant to be a recommendation. Some pages might contain affiliate links that won’t cost you anything.

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