RIPE FOR INVESTING

My Investing Journey with Passive Income and Stock Market investing

JUNE PASSIVE INCOME & MY PORTFOLIO

HERE IS MY JUNE BREAKDOWN

  • Adsense $4.96
  • Amazon Affiliate $2.82
  • Skillshare $9.21
  • Digital Products $24.50
  • Patreon $76.81 (Before Taxes)
  • Teachable $9.21
  • Dividends $12.33
  • Dividends in retirement accounts $101.21
  • Swing trading $37.06

TOTAL PASSIVE INCOME (NOT COUNTING RETIREMENT) $197.35

TOTAL PASSIVE COUNTING RETIREMENT DIVIDENDS $298.56

Some notable improvements, last month I had ZERO Digital Products and Amazon Affiliate income. So even though they are small amounts, it is a positive movement. Patreon, like last month, continues to be the outperforming. My swing trades for the month include ROKU and FACEBOOK, both over an 8% return.


My DIVIDEND BREAKDOWN:

Putnam Municipal Income CEF (PMM) $.26

Marten Transport $0.20

Genpact $1.46

HOFT $10.40

In my Traditional IRA:

IEF $.61

SWK $11.04

Kforce $2.20

Cash $0.01


MY PORTFOLIO

The MAIN thing I’m doing is contributing more and more into ITOT (A total market ETF). I am also selling small portions of VALUE/DIVIDEND stocks like Westrock, Medical Properties Trust, and American Eagle Outfitters.

I want to increase my positions in growth stocks like Chewy, Fortinet, Akamai, and Marten Transportation.

I’m also buying small portions of the gold ETF, IAU. I think Gold still has a little bit more to run before another pullback.

Starting a SERVICE BUSINESS |Find a Problem

To start a SERVICE BASED BUSINESS, you need to find a problem and solve it. Here are a couple of ideas to get your brain storming. These aren’t the only ones of course but hopefully enough to get you thinking.

1)Music teacher or private music performer (This is what I do!)

2)DJ-Maybe you like getting people fired up and partying. Private events and Weddings need Dj’s. You can make pretty decent money doing this on the side on weekends.

3)Landscaping Business-This is not going away any time soon. However, you may face a lot of competition. There may be an initial investment required (Lawnmowers, weed eaters, blowers, etc). However, after that, you won’t need a brick n’ mortar store or anything.

4)Video Editing, Shooting videos for Real Estate Businesses. Another one that isn’t disappearing any time soon. Get really good at Imovie or Final cut Pro. Not much required as far as investment of capital other than a computer and software.

5)Car Wash-Cars are another one that won’t be disappearing any time soon. Rich people love their cars to look nice. Get really good at washing HIGH-END cars!

6)Personal Trainer-This doesn’t have require a lot of overhead. You can train people in their house. In particular, we are living in a world where people are trying stay healthy, so their is a huge market for this. My advice would be to pick a niche. Maybe you want to go for the office worker, maybe the woman in her 50’s that is overweight? The longer you do this, the more apt you are probably going to be able to zero in on that niche.

7)Yoga/Tai Chi/Wellness Coach-Once again, lots of people are trying to be more healthy. I did Tai Chi for awhile myself. You can teach a class but one on one is where the larger amount of money is. Become an expert in this field and people will seek out your skills.

8)Skilled Trades/Construction/Tile layer/Carpentry-There is a great shortage of people with these skilled trades. Not only can you offer your services but perhaps you can allow others to apprentice under you, charge for lessons. Why not?

9)Sports Coach-Baseball, Volleyball, or Tennis Coach. Maybe you are great at basketball, some kid could use your services. Most parents sign up their kids for sports. Sports is another one that won’t be dying away any time soon.

10)Foreign Language Tutor-Spanish is a seriously useful skill in the USA.

passive income report

Passive Income | Mid-June

For passive income, my Mid-June is looking good so far.

Here is last months report if you want to compare:

I’m already making DIGITAL PRODUCT sales and it is only the second week. In addition, I’m improving my sales via Amazon affiliates.

Let’s get to the numbers on my Passive Income Journey here:

Patreon so far has paid me $65/month. It is one of my biggest winners. This is $2 less than last month, but that is okay, people come, and people go on PATREON. I’ve had one new member sign up already.

Google Adsense– $1.50. This is NOT looking good, as I was making $10 at one time. Google Adsense HAS been making some changes, such as no longer allowing you to customize fill rates for ads. I also know the company is reporting losses in advertising revenue. I’m sure this has SOME to do with these decreasing numbers; I am hoping it turns around soon!

Skillshare– $29.66. This is one of my biggest winners this month. Lots of views and new students on my course. The ironic part is I have not updated this course in NINE MONTHS. Maybe I need to get to work on uploading new content on SKILLSHARE, so I can make even more money.

Digital Products-$13 I went from ZERO last month to this so far. We are looking alright. I think my youtube videos are helping my music sales.

Amazon Affiliate-$2.82. Amazon has been a loser for me but I think I CAN improve. Once again, last month I made ZERO dollars from Amazon Affiliate, this month I’ve made three sales. This is the commission I’ve made. I need to sell higher ticket items, ha.

Dividends-$18.68. I’ve barely had any dividends come in so far, so I expect this number to climb. So far it’s just Bond Funds, Stanley Black & Decker, and Putnam Municipal Closed End Fund.


My mid-June total is $130.66

One of my short-term goals is to get this number above $200/month. I SERIOUSLY believe I can do this within the next few months. I am working hard, building my youtube followers, which in returns results in more conversions of digital products.

I also began contributing new money to my accounts again, so, I expect those dividends to start climbing once again. Yee haw!

QQQ ETF is Fantastic | My Portfolio

The two main ETF’s I’m buying this month are QQQ and ITOT. QQQ is weighted towards the Nasdaq and technology. I think during this Coronavirus crash, weighing heavier towards technology is a wise move. So far, it has paid off quite well.

I just added $400 to my ROTH IRA and $500 to my Traditional IRA. In addition to the above ETF’s, I’m also buying these individual stocks-Universal Forest Products and Chewy. I am up over 25% in Chewy, it is of course a growth stock. Chewy is a company that specializes in pet foot delivery. We use their services and see Chewy boxes all around us via our neighbors each week.

In this video, I discuss these ETF’s and bring you my dividend report SO FAR for the month of June **More Dividends to come!**


So far, my DIVIDENDS are as follows:

Stanley Black & Decker $11.04, IEF $0.61 for a total of $11.65 in my TRADITIONAL IRA

PMM $0.61 in my BROKERAGE. Lots more DIVIDENDS to come in this account!

In my ROTH IRA, VBILX $6.77

I’m FINALLY able to add to my accounts this month, so, I’m looking forward to watching that money grow in the market.

I am currently sitting at 6%; one of my short-term goals is to get my total market ETF’s/Index Funds up to 25%. I also want to continue increasing my position in Chewy, Universal Forest Products, Marten Transports, and Fortinet. I feel strongly that these stocks are going to GROW big over the next few years.

Lastly, I’ll briefly mention my Swing Trade for the month. I am swing trading ROKU. This won’t be a long-term hold for me, I’m simply looking for a 8% gain. I am sitting at 2% right now, holding a bit longer. Update later!

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