Weekly DDI Income Update – Week of May 16th – $4134.88
One of the motivations for writing this blog is to track my progress in building the DDI portfolio over a long period of time. It’s interesting to look back and see how far the portfolio has come.
I was just reviewing a post from November 2012 where I was so excited to have $623.77 in monthly income! Hey, 600 bucks is nothing to sneeze at, but I’m way past that now with a current monthly goal of $2000/month.
A little over a year ago, before oil started to slide in price, the DDI portfolio was hitting between $2000-$2400/month, but since a good deal of the DDI income comes from oil royalty stocks (SBR, CRT, BPT, etc…) the income has taken a hit. So I’ve been trying to shore-up the income stream with some other diversified holdings while waiting for oil prices and the royalty stocks to recover.
The good news is that oil has bounced back from the low $30/bbl range and is now closer to $50/bbl which should help the DDI income stream start to recover.
In the mean time I’m continuing to monitor the weekly income and add to the portfolio when I have excess cash to deploy.
For the week of May 16, 2016 the DDI portfolio had 11 income paychecks with payouts on 4 out of 5 days! The total payout for the week was $462.88 in cash + 100 shares of Alliant Energy (LNT) worth $36.72/share. While I’m not planning to sell the Alliant shares now, the total cash payout is equal to $4134.88!