The bull market keeps pushing on, with the S&P returning 3.60% for the month. I’m starting to think we’re getting a little spoiled, no? For the month, I purchased some shares in Invesco as well as continued weekly purchases using the M1 Finance platform (more on that soon!)
Here are updated account numbers as of July 31, 2018
Formula = Savings x Yield = Annual Income
Savings: Total of all savings as a percentage of the total goal
Dividend Yield: Current yield of all tracked holdings
Annual Income: Expected dividends from all holdings as a percentage of the overall goal
On to the numbers!
Savings Goal = 30.25% (+1.01%)
Dividend Yield = 3.31%
Annual Income Goal = 31.08% (+0.60%)
Overall, our savings increased 3.46% for the month.