My Dividend Growth Portfolio: Q3 2019 Summary

Introduction
It's time to summarize another quarter. The last quarter was again volatile. July saw the indices rising up only to go down in August, and September ended roughly at the same point where it started. Year to date the S&P 500 is up 18.5%, and my portfolio showed gains consistent with the broader market. While the third quarter didn’t contribute much, we cannot complain over such significant gains. While it's not my ultimate benchmark, I still compare my performance to the S&P 500 as it shows an alternative way of investing.
My main goal is to achieve a growing stream of dividends, which will give me some more financial freedom. In Q3 2019, my dividend income rose by 11.8% QoQ. This is a major decline from the 25.2% growth in Q1, and the 17.6% in Q2. I attribute it to the fact that I contributed less funds to my dividend growth portfolio, and as the portfolio grows it's harder to make non organic dividend growth. I still hope to eventually achieve a 25% dividend income growth in 2019, but it seems a little farfetched now as I won't be able to allocate significant amount of fund in Q4. In order to achieve it, I will also need to add more funds to the portfolio, 6%-7% overall dividend growth and reinvesting received dividends. This is an ambitious goal, and I will do my best to achieve it.
Investors shouldn't be surprised by the volatility. On the contrary, they should prepare for its continuation. The Brexit is still undecided, and while PM Johnson is... Read more