Comments on: Passive Income Update For August 2008

By: hank

hank — Fri, 26 Sep 2008 00:04:23 +0000

TLA just hasn’t done if for me. I’ve given them a whirl actually twice and I must have just not been able to find the niche for them yet. Nice work on the take home though!

By: duane

duane — Mon, 22 Sep 2008 03:50:16 +0000

Hey LOD you have not posted a detailed divi update in a while that I’ve seen. I remember a while back you said you had bought into Priszm. What is your take on them now (if you are tracking)?

By: Weekly Dividend Investing Roundup - September 20, 2008 » The Dividend Guy Blog

Sat, 20 Sep 2008 11:00:37 +0000

[...] A passive income update [...]

By: PFI Weekly Updates - September 15 (2008) | Passive Family Income

PFI Weekly Updates - September 15 (2008) | Passive Family Income — Tue, 16 Sep 2008 11:45:38 +0000

[...] – Living Off Dividends posts his passive income updates for August. I must say that I find a lot of inspiration in reading these monthly posts on [...]

By: Chris

Chris — Sun, 14 Sep 2008 00:18:10 +0000

Hi Passive,

I guess I haven’t left a comment in a while.

Here’s my breakdown of monthly dividend/interest for month of
Aug:

1. VWEAX – $1209. The NAV on this one took a brutal beating this year but so did the stock market. Thus, I’m down less than 4% on this puppy YTD (that’s including the dividends YTD).
2. VFIJX – $836. The NAV on this one held on well but took a surprising jump when Fed took over FNM and FRE. I’m not complaining on this one
3. AUD – $991 (based on 3 months CD interest of $2973). Man, AUD took a HUGE beating…went from almost par with USD (1.02) all the way down to 1.26 before recovering at 1.22 yesterday. Lost a brand new BMW 3 series on that huge beating (imaging the amount of AUD I have). I don’t expect this to recover as NZ has recently announced that it is in recession and AU is not far behind from announcing as well (I suspect). Look for the rate to drop all the way down to 5.5 or 6% (which should drop my AUD CD rate down to possibly 4.5% APR). I’m going to hold onto AUD as I don’t believe USD will go up forever with all these LEH, WAMU, MER, and other financial issues abound.
4. BofA preferred shares – $200 (based on quarterly div of approx $600). I’m looking to load up more of this as I believe LEH and WAMU will drop this back down to approx $22 which should make the div % hitting close to 10%. I’m betting that BofA will be the “last one standing” amongst the big financial companies and so this preferred is probably safe.

Total div/interest for Aug 08: $3236

Of course, this doesn’t include my 401k div as well as my wife’s CD account and my puny MM div. My goal now is to increase my MM holding (load up on USD) and wait for the next president to settle before making my move in 09.