August has come to an end so it is time for another update. August is a down month for dividends and options trading was significantly down this month. Let’s take a look at how much dividends and options premium I received for August.
For the month, I received a total of $333.71 in dividends. This is a slight increase over August 2022 when I received $320.43 in dividends. This is a 4.14% increase year over year.
Options premium received in August was not very good, totaling $60.55. Below is chart of all the options trades I made in August.
The total amount of income produce from my accounts for August was $406.03. This includes dividends, options premium, and interest. The previous two months were really good months for income. While this month was down significantly, I expect to see the income rebound in September.
While August was a down month, it was still good to my dividends grow year over year. This is encouraging and let’s me know I am on the right path. As always, I will continue to invest and reinvest the dividends and options premium. Following this plan will allow the income from my accounts to grow. One day it will be enough to cover my expenses and allow me to retire. Thanks for following along!
*Disclaimer – I am not a financial professional. The information shared here should not be considered financial advice. I am just a factory worker sharing my experience as I strive to achieve financial freedom. Before investing or making any financial decision do your own research and due diligence or consider seeking the advice of a financial and/or tax professional.
Below is a list of a few businesses I use. Check out some these offers.
Up to 5% Savings Rate!
I use Varo Bank for part of my emergency fund. From time to time the bank will run promotions. Currently, you can earn up to 5% on your savings with Varo, if you meet certain requirements. I got us both $30 from Varo.* Just open a Varo Bank Account using my link below, spend $20 on your new debit card, and we’ll both get paid. https://varomoney.com/r/?r=William360
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Investing Made Easy
I use M1 Finance for my taxable growth account. M1 Finance offers promotions for signing up. At the time of writing this post, the promotion is for $10 but will vary from time to time and could be up to $50. If you are interested in M1 Finance and want to support the blog here is my referral link: https://m1.finance/ktIiFeOI5zDr
If you use the referral links listed above I could receive compensation. Please take the time to read the terms and conditions before signing up.