Dollar Cost Averaging towards SPHD goal

Successful dollar cost averaging

Now that the Money Tree is starting to grow and take shape, I am moving onto my next goal which is to get to 100 shares of SPHD. I have been slowly building the dividend portfolio and have been dollar cost averaging along the way.

List of Goals for the Money Tree

Since the start of this blog, I have been listing a few simple goals to gain momentum and traction as I shake the money tree. Since inception, the money tree has grown to $3,900 in revenue resulting in $2,552 of Net Worth. I have done this through the following list of goals:

√ Create blog and document progress to stay focused and committed 

√ Find many side hustles to diversify revenue sources

√ Open up a STMT dedicated bank account

√ Build a 12-Month CD Ladder

Current Goal

As many of us prefer, I would like to create as many passive income streams as possible. In addition to the interest earned from the STMT savings account and CD Ladder, I entered the world of dividends with the SPHD ETF. With the excess cash earned on this blog, I have been continuing to invest in SPHD shares through a dollar cost averaging approach. Looking at the portfolio today, I want to set focus on having 100 shares of SPHD in the STMT investment account. 

Progress so far

With my most recent purchase of 4 shares of SPHD, that brings up the total share count to 80 at an average price per share of $36.93, not including dividends. In addition, I have earned $72.67 in cumulative dividends, resulting in a ~4.5% yield.  Here is an updated tracking sheet for this investment.

STMT SPHD Portfolio

With a total investment just under $3,000 in about a year’s time, you can see the progression of my average price per share for the full 80 shares currently in the portfolio