![ETF Portfolio Update October](https://i0.wp.com/www.moneyischoices.com/wp-content/uploads/2024/10/octoberdividends.jpg?resize=750%2C400&ssl=1)
Dividends included the quarterly payers in October so it was going to be a good month but we didn’t beat the high back in July which was $130.30. Still, it was the second month above $100 so I’m pretty happy with that. The ETFs made a total of $126.98 in October. I’m hoping to break the $150 mark in January 2025 when all of the ETFs distribute dividends.
October 2023 was when this portfolio received dividends for the first time so it has been just over year since I started investing in exchange traded funds seriously. I received $52.90 last year, so I have more than doubled dividends in 12 months. The portfolio was valued at $6,060 and now it’s valued at more than $18,000 which is a tripling! If I could triple $18k in 12 months I would be very impressed!!
ETF Dividend Payments in October
All of the ETFs except for GEAR paid out in October. I was still hoping for another high but like I mentioned above we came in just under the July high.
JPEQ paid out $27.75, FEPI paid $26.21 and QQQI gave me $9.32 which is a total of $63.28 for the monthly paying stocks. The quarterly payers included IVV with $10.66, VGS with $5.17 (previous payment was $34.90!!! WTF Vanguard!) and VHY paid out $47.87. That’s a total of $126.98 in dividends for October.
I’ve started keeping a record of the rolling 6 month, monthly dividend payments and last month it was $58.19 which was enough to buy 60 packets of ramen noodles in Australia ($50). This month the 6 month dividend average is $66.28. So I can now afford 3 meals per day!
![Cheap Noodles with Dividends](https://i0.wp.com/www.moneyischoices.com/wp-content/uploads/2024/10/ramennoodles.jpg?resize=800%2C493&ssl=1)
![Rolled Oats Breakfast](https://i0.wp.com/www.moneyischoices.com/wp-content/uploads/2024/10/rolledoats.jpg?resize=800%2C393&ssl=1)
![](https://i0.wp.com/www.moneyischoices.com/wp-content/uploads/2024/10/appledividends.jpg?resize=800%2C450&ssl=1)
Which means 2 minute noodles twice per day, along with a kilogram of rolled oats and about 10 apples! Each month I’m getting healthier and healthier. Fresh fruit every three days is really quite a step up. I’m thinking the budget might allow for some honey in my porridge next month!
Ok, I’m kidding around a little with my budget and I know that it’s not a laughing matter for many people but I still believe I’m making an important point. These dividends do change lives if they’re given enough time to grow and compound.
This portfolio is a bit more than a year old but already I could technically buy enough food to survive on each month. Yes it would be a very bland diet and yes it includes no other essential living expenses but this is how a portfolio sets you free, one step at a time.
The ETF Dividend Portfolio for October
This month the ETF dividend portfolio has increased to $18,606, up from $16,771 in September which is an increase of about $1,835. New contributions were $1,391 which means that there was a $444 increase in the value of the portfolio (thank you mister market!).
It was really nice to see the numbers go from 16 to 18. I’ve been pushing harder as the year is coming to an end and I want the portfolio to be worth more than $20,000 before 2025 rolls around.
Just as a note, the ticker symbols ending in .AX are Australian listed ETFs and those without them are US listed ETFs. The US listed prices and average cost per share are in US dollars but everything else like market value and total dividend income are in Australian dollars.
Here’s what the ETF portfolio looks like this month…
![ETF Portfolio October](https://i0.wp.com/www.moneyischoices.com/wp-content/uploads/2024/10/octoberportfolioupdate.jpg?resize=800%2C645&ssl=1)
See the ETF Dividend Portfolio from September.
What to Expect in November
I’ve been saying this for the past couple of months, but this time I really mean it. I WILL buy some SCHD shares in November.
Rather than pulling the trigger on SCHD which pays a 3.5% dividend I have been buying covered call option ETFs like JPEQ, QQQI and FEPI which pay 10% or more. So I’m focusing on money in the pocket now rather being patient as I really do need to increase my income today.
The beauty of SCHD is that it’s good diversification for my portfolio, it has a decent current yield, that yield has been increasing by 5% or more, and it has an acceptable growth rate over time. Basically it’s a compounding machine that I want to own for a very long time.
How is your freedom making machine going this year? What’s your 6 month rolling monthly dividend average for your ETFs? (total dividends paid over the last 6 months, divided by 6 equals your average).
Total ETF + Managed Funds Portfolio for October
Portfolio value inside the Vanguard website: $5794 up from $5,758
Betashares ETF portfolio: $6,588 up from $5,925
US & ASX listed ETFs held in brokerage accounts: $6,259 up from $5,087
Total Index Funds portfolio value (VHY, VGS, GEAR, JPEQ, FEPI, QQQI and IVV): $18,606 up from $16,771
Most recent dividend payment (October): $126.98 up from $53.37 in September (Monthly and quarterly dividends from JPEQ, FEPI, QQQI, VHY, VGS, and IVV)
Dividends paid in 2024 so far: $556.87
All dividends paid in 2023: $102.68
All ETF dividend payments since buying $707.51
ETF Dividends Goal 1: $2,000+ per year.
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