Hear that? That’s the sound of FREE COFFEE! It’s only been a short amount of time since I started this journey, and it’s already beginning to pay off. I have earned $8.69 so far and it has bought me a few coffee’s!
I would be lying if I said I was happy that markets have been reaching new all time highs. As an income investor this means that the power of your dollar is dropping. You begin to get less shares, which means you get less yield, or bang for your buck as they like to say.
Psychologically it’s nice to see your portfolio rise in value. And as a growth investor this is something you dream of. Less distributions means less paid coffee for me, and that’s the whole journey of The Coffee Can.
As the markets rise, we can only hope it is consistent. With this consistency it should bring possible distribution increases, but it’s something we cannot rely on. This is why dollar cost averaging is the route I am taking because no matter what the market is doing, I am consistently adding more and more into The Coffee Can. Having income generated each month can reduce the amount of hours I need to work at a job, or even eventually let me walk away from. This is what keeps me going and makes me want to save every dollar I can. Small progress adds to big results over the long run.
Yearly Distribution Target = $1,825
Total Saved = $265
Distributions to date = $8.69
Forward Monthly Distributions = $9.01
Target Completed = 5.93%
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