Friday, July 28, 2017

HOLY CRAP – My very FIRST Dividend

Alright y’all, I have some exciting news.  Looking at my TD Ameritrade account yesterday, I noticed my whopping 3 shares of CSCO was now a monstrous 3.028.  What?  How?  Well, it turns out I received my very first dividend.

I’m enrolled in TD Ameritrade’s automatic dividend reinvestment plan, so they took the $0.87 and bought “more” shares of CSCO for me.  I know it’s only 87 cents, but I am excited.  This is cool.  I’ve made way more on a $95 investment than I’ve made on my $1000 backup savings account that makes 1 big ol’ penny per month!!!  I know there’s risk associated with stock and none associated with my savings account, but I’m willing to take the higher risk for the higher returns.

I can’t wait to start purchasing more and watching the dividends come in, but in the meantime, I have re-focused my money to paying off my last piece of debt.  Seeing this dividend gives me more ambition to get this debt paid off ASAP.

1 comment:

  1. There's nothing like the feeling of receiving your first dividend. Imagine when you start to see the numbers compounding. Heck, imagine when you receive enough money in dividends to purchase one full share of stock instead of partial shares. Congrats on receiving your first dividend Brian.


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