as an investor having the opportunity to give yourself a raise at any time
can sound kind of awesome doesn't it and you can do the same thing by becoming a dividend
investor today now i've talked about dividends on this channel before and i've been tracking
my dividends with a few websites managing a 60 000 portfolio but today i'm going to
share with you a new way that i'm tracking my dividends and the ability to see what my income
is going to be in the future see my risk and opportunities and have it all update automatically
let me take you inside show you my dividends and assure you how i'm tracking them right here we
are the dividend tracker it's a new tool that just came out in fact it's still in beta mode
now track your dividends.com is perfectly fine to do but i got a little bit tired of
the manual process sure you can upgrade with track your dividends.com to have it update
automatically but i found the user interface of the dividend tracker to be a little bit better
so right here you see my dashboard once you sign up now if you're interested in the dividend
tracker you can click the link in the description below to get started today but this is what mine
looks like now you said wait a minute you said a sixty thousand dollar portfolio i only see about
eight thousand dollars i wanted to share with you how you actually can set this up so we're gonna
build this up to where it needs to be it might be more than sixty thousand i'm actually referencing
track your dividends as of the last time i've updated it so my hope would be with my continual
investing and giving myself a raise every time i buy another share of a dividend stock this value
should be up higher than 60 000. we'll have to see though now you can start with this website for
free which is always a great thing just keep in mind when it's free you will have to manually add
all of your investments which means if you make a lot of trades or you invest a lot of
money every single month you're going to have to come back here and update the shares and the
average cost at the end of every month to make sure you're getting an accurate representation
they also do offer a premium version and with the premium version you can update with automatic
portfolios and i'll explain exactly what that means in just a moment so just going down the
left-hand side this is where we're going to add our portfolios you have a watch list if there's
different dividend stocks you want to take a look at a payout calendar which i'm going to click on
now because i think that's kind of cool based on your entire portfolio it'll let you know how much
money you can expect per month and per quarter as you go through the next year it'll let you know
about your diversification and because we're still adding to this particular dividend tracker website
it's pretty poorly diversified there's a calculator list and this is really kind of cool
based on your annual income in dividends what would you have to invest now we've
done this before on the past right we've talked about how to calculate this yourself
but my gosh this makes it so much easier let's say i want to make 60 000 a year and i don't know
i'm gonna use ticker schd that is the schwab etf it'll automatically plug in the current price the
dividend yield and the annual income which means to calculate you would need to invest a total of
two million dollars of course if we want to go into one of our favorites like the qyld fund which
has a very high dividend yield you can calculate that less money is needed at only four hundred
and twenty three thousand dollars in order to make sixty thousand dollars a year in dividend payouts
now of course this is all for fun it's not personal finance advice for any of you out there
remember i'm just some guy on youtube who sometimes looks like woody from toy story
so take that for what it's worth and do your own research before you decide which dividend stocks
you want to buy you can also look at the future value which is coming soon like i said this is
in beta mode so there's some things coming with it ideas news screener and all these other different
type of things very very cool but let's get to the fun part let's add a portfolio i'm actually
going to delete my robinhood portfolio because i want to add that one right in here so i'm going to
go up here and right here you can see it says add portfolio i'm going to click on that what i like
to name this is whatever the portfolio is now of course you may just have one brokerage account i
have many because i do a lot of different reviews here on the channel but in this case i'm going to
name this one the robinhood portfolio at this point if you have the premium version you can
decide if you're going to do a manual portfolio which means you're going to plug in and adjust
your holdings every single month or every single day if you want to or automatic which means it's
on autopilot i'm gonna select automatic portfolio i'm gonna hit save and then what you're gonna do
once this is loaded in as you can see right here we're gonna link up the account click on that
it does use plead i've never had a problem with played if i'm even pronouncing played correctly
plod played whatever simply connect plug in your information and it'll load automatically
so i'm going to choose robinhood enter my credentials which you're not going to get to see
today i'm sorry i'm not going to provide you with that information i hope you can forgive me now
just recently the dividend tracker did announce that they're going to be going from played to
investnet although that's not quite out at the recording of this video the only difference is
once this does roll out you'll just have to change over your automatic portfolio to the investment
connection instead of the plague connection but very easy and kind of follows the same process
that we're taking you through in today's video it sends the information authorizes with the servers
verify your identity that's always a good thing to do i'm going to do a text message
it will then allow you to select your account hit continue and then it'll load up into the
dividend tracker and there she goes that was very very simple now you can see i don't have
a huge portfolio here on robinhood but it does provide annual income of 40 dollars and 26 cents
yield on cost dividend yield and everything like that now this will automatically update because
it's an automatic portfolio every single day i invest a little bit of money into voo as part of
our youtube portfolio and i use robinhood to do that so the dividend tracker will automatically
update based on my current holdings in robinhood you can see i've also already loaded up my stash
portfolio let's load up public and weeble so with weibo unfortunately for now i'm gonna have to
manually update my holdings but hopefully over time more will be added into played
so that way they can load that into the dividend tracker now what's really great
is if you do sign up for the free version this is how you would do it you would add your portfolio
manually let's walk you through exactly how you do that the very first thing you want to
do is under your portfolio click the button below that says add holding just right there
it will then take you over to this screen right here very first thing you want to do is add your
stock ticker we're going to use vti as an example and your number of shares that you currently own
in this case i have 100 and then your cost per share now this one's very very important
your cost per share is what is reported in your particular brokerage so for weeble for
example here's exactly where i would find that i find that under the current price
of the particular asset within the app if you have any problems with that just go to your brokerage
look around for your average cost or your average cost per share and that's the number that you want
to plug into this field right here you simply hit save and then it'll automatically update within
the portfolio value of your manual portfolio for this example i am going to use coca-cola so
ko you can see it automatically loads it in right there coca-cola company and what i'm gonna do is
i'm gonna type in my total amount of shares not too many i only got two and the average cost is
a little bit more than what the current cost is on the dividend tracker they're gonna automatically
load up with the current cost per share is but you're going to want to add what your actual
paid cost per share is you can find that on your brokerage look at what is my average cost
per share in my case it's actually 62 54. so i'm down about a percentage but that's what you want
to plug in here so that way the dividend tracker can keep up with your overall growth or decline of
your portfolio so let me update everything else and we'll come back and take a look at my full
updated dividend portfolio and i'm back and i'm sad to say that i'm actually not at sixty
thousand dollars as i was hoping for in fact uh thanks to the market being down currently at fifty
four thousand nine hundred and seventy eight so that's sad but you know it happens and the point
is we're gonna continue to invest annual income though two thousand five hundred ninety dollars
every single year february income of 199 dollars so that means a yield on cost of five point four
percent and a dividend yield of four point nine two percent that stacked with the growth and as
you can see the growth right now in my portfolio is still hanging on by a thread at 2.71 percent
in positive growth so not too bad but i wish it was a little bit higher some of those
really pulled back which um was going to be hopefully a 65 000 portfolio down 10k as a
result of the recent market fluctuations but the best news is got to share with you guys i'm very
excited about this the mortgage is going to be paid off next month yes i am so excited i've
been working on this for years to pay off the mortgage as a result of that we're not going
to be able to take more money and put it toward investments and this regardless of the market
fluctuation will continue to grow as a result of our active investing then once the market does
recover it's just onward and upward from there so have you given yourself a raise have you
started dividend investing if so make sure you're tracking it with the dividend tracker link down in
the description below check out this video next on more cool dividend content and we'll see you there