Opening Loyal3 account vs Extra mortgage payments

After reading other bloggers experience with Loyal3 for a while, I kept thinking about opening my own account but I was not sure if I have an extra income to invest.

Well, I was putting extra $300 toward my mortgage payments but since I have 3.5% interest rate I decided to start investing $200 into Loyal3 account.

At this point I believe it will be better for me to have cash invested in stocks, which I can pull out if I need to, especially if I pick dividend stocks. In a long run it is much easier to sell a stock than refinance a mortgage. Plus eventually I plan to turn my house into a rental property.

So far I bought 4 stocks, each $50 worth of investment - Frontier, Walmart, GAP and Store capital.

From now on I will keep track of my Loyal3 account here.

Thanks for reading.

September Passive Income Progress

Even if stock market doesn't make me so happy, this was my best month on dividend earnings so far! 

In September I was able to purchase RY (Royal Bank of Canada) and CHSP (Chesapeake Lodging Trust). 

I started tracking my passive income Summer 2014

2014 Passive income
June           $261.00
July            $209.67 
August       $235.62 
September  $212.97
October      $140.37
November  $207.05
December   $377.91

2015 Passive Income

January   $167.44
February  $279.29
March      $397.80
April        $202.48
May         $229.70
June        $368.21
July         $205.56
August    $254.16

Dividends received in September 2015:

BBL	83.08
CNP	$37.85
ESV	$4.53
F	$23.03
FTR	$28.49
HOG	$4.96
JNJ	$15.11
MAT	$31.88
MCD	$29.16
PEP	$15.54
PFE	$14.76
RIG	$6.05
RYAM	$1.19
RYN	$13.33
SE	$14.80
TGT	$11.27
UL	$16.68
WU	$9.65
Total	$361.36

If you look into September 2014 vs September 2015, I am very close to 100% increase and this is amazing! This year this is a second month when I get more than $300 in dividends. 

My dividend income 2014 vs 2015 so far:

2014	Jan	Feb	March	Apr	May	June	July	Aug	Sept	Oct	Nov	Dec
	$48.61	$12.44	$63.58	$90.04	$65.67	$126.98	$122.68	$118.36	$185.28	$93.18	$123.70	$263.68
									Year to date		$1,314.20
2015	Jan	Feb	March	Apr	May	June	July	Aug	Sept	Oct	Nov	Dec
	$78.69	106.39	333.50	150.77	128.34	298.21	118.30	122.05	361.36
									Year to date		$1,697.61

Additional passive income or free money from different financial institutions:

Interest:                                            $9.66

Points Discover Card                     $61.94

Points AMEX                                  $21.24

Various gift cards rewards

(Victoria Secret, JC Penney, 

Palais Royal, Lowe's, Best Buy)     $40.00

My total financial passive income for the month of September was $494.20

At this moment my goal is to have $1k in monthly passive income from dividends and other financial institutions. This month I am almost 50% close to my goal!

Thanks for reading and please share your thoughts and progress.

Project: Dividend Stocks for Teenager September update

I wrote how we started Dividend Stocks portfolio for my daughter before

Project-dividends-stocks-for-teenager Part 2

Project-dividends-stocks-for-teenager Part 1

Here is our first dividends month update.

In September her portfolio earned $49.81

EMR	$12.22
JNJ	$9.75
SE	$15.91
XOM	$11.68
interest	$0.25
Total	$49.81

Dividends were automatically reinvested.

Well, she does not pay close attention to her portfolio because we don't need to use this money yet and I guess it's good for now, since the market is not treating us very well at this moment.

I only mentioned to her that her stocks earned about $50 this month.