Every week I try to place 2-3 options trades (credit spreads and covered calls) and from the premium received I buy some dividend stock.
Last week was no exception, and I managed to grow our projected monthly dividend income by a whooping +$3.47
I’m managing two portfolios - one is my personal, and the second is for my better part.
Without further ado, after the twenty weeks since launching this challenge, we were able to increase our projected monthly dividend by +$3.47, while the total stands at $87.58 which already translates to some +$2.91 daily
My goal to reach at least $65/mo projected dividend income by December 31, 2021, has been cracked already some five weeks ago. We are just enjoying the ride for the rest of the year.
For the rest of the year, I don’t have any special plans to keep bumping up the dividend, I will try to be safe with options trades, roll out bad trades, keep portfolio healthy e.t.c