I allocated extra capital in securities that I wrote in Watch list for June: Kinder Morgan Inc. (KMI) and Vanguard Natural Res LLC (VNR), with current dividend yields of 4.71% and 7.98% respectively, and later one distributes monthly, we’ll happily love those 🙂
I bought 30 positions in KMI and 35 positions in VNR. At current yields, these 2 securities will cumulatively add $138.60 annually to my passive dividend income. These were added in Roth IRA account where you do not pay any taxes when you them take out. This will take me closer to be financially independent in 12 years and travel around the world in exotic and beautiful places and shake some legs as well 😉
This Roth IRA account would serve as an insurance towards government’s propensity to tax hard-working citizens and beat the crap out of them 🙂 Thanks to the ballooning budget deficit, I see miles long red ink over there and a small amount in these accounts is highly desirable, and what I call a responsible act to save our skin.
Currently, I’ve got 4 Portfolios: DRIP, HID1, HID2 and a recently added Roth IRA account. New capital is distributed across these 4 portfolios in both taxable and tax-free accounts so that I’ve freedom to enjoy my passive dividend income whenever they are able to cover all my expenses. I also contribute towards 401K account in order to get employer’s match and help lower taxes as well.
Thanks for reading. Have a Happy Independence Day!
How did your portfolio perform in June ? Any interesting thing occurred in your portfolio.