March 2023
Rules: 1) Transfer $50 per month to broker on the 8th of each month. 2) Purchase Dividend Aristorcrat stock on the 8th of each month one month ahead of dividend own date 3) If cannot purchase with $50, roll over cash into next month. Place stock on HOLD list 4) If a month is reached where we already have a dividend payout from a stock, start at top of HOLD list and work way throgh list to see if any can be purchased. 5) Once income is being generated each month, repeat, evaluating performance of existing stocks and buying or selling as necessary. Note: Each stock should have a sell price where if the stock falls to that we will sell. I honestly don't know how to make that decision and I would like to have a strategy for each stock. For now, I will set an "alarm bell" at 20% of purchase price and work on understanding more. Goal: Buy 1 share of S&P 500 Dividend Aristocrats (SPDAUDP), currently priced at $1,606. 2023_03_27 Having made the rules, I promptly broke