Site icon Blue Collar Bill

April 2020 update

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This was a really good month. My combined 401k and IRA retirement savings grew to approximately $80,000. I continue to learn more about investing. I still do not have a solid investment plan. I am leaning toward dividend investing. I looked at several Dividend Aristocrats and added some to my portfolio such as Emerson Electric, Dover, Cincinnati Financial and Coca Cola. I like the thought of having the cash flow from dividend investing. This month I received $45 in dividends. While this may not seem like much money to most people, I was excited to get money without working for it. My savings also grew this month as well increasing to $1750. This all led to my net worth improving to -$27,350. The plan to spend less, earn more, pay down debt, invest and stay invested is working. I am actually making progress faster than expected.

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