Income Investing Investing Wealth

New Year. Same Story.

December 31, 2020. We were all thankful that the worst year ever was finally over. Yet, so far 2021 is less than two weeks in and the drama is escalating.

I won’t get into the politics, because it’s the politics that is tearing us apart. Instead, I’ll focus on what we all agree on: this is some bullshit!

People are going broke, businesses are closing, folks are sick and dying. The population is at each others’ throats. Oh, and the climate is in slow collapse.

If there ever was a year to take personal responsibility, it’s 2021. Nobody is going to come fix your job, your marriage, your savings account. It’s up to each of us to make this a better world.

It wasn’t always this way. During the mid-20th century, most people could follow a predestined path that led to decent wealth and security. One didn’t really need to think or be different. You just needed to pick a direction and go. The baby boomer benefited from a post-war economic tide that lifted all boats. You had to f&ck up pretty bad to not do well as a boomer.

I don’t have to tell you those days are long gone.

Kids today enter the system saddled with debt because they were forced to get two masters degrees for an entry-level clerk job. Same job 50 years ago went to a high school grad. And that grad would then get married at 21, buy a house at 22 and support a nuclear family through to retirement on a single income and fat DB pension.

No more.

But you already knew this. You’ve seen the wealth disparity charts. Unless you’re one of the lucky ones, you’ve probably personally felt the pressures. I certainly have.

My story in 4 words: it’s all on me.

I have people depending on me to keep it together. Pay the bills, keep food on the table.

I have a successful career. But I fully realize it could end at any moment. I’ve seen dozens of my colleagues over the past 20 years hit a brick wall and never recover. This isn’t something people in their 20s know. Careers have an expiry date, and most end before planned retirement. This isn’t something most people decades ago had to consider.

If there’s one thing I want you to do this year, it’s this: consider what happens if your career ends next year, in 5 years, in 10 years. And when I say ‘end’ I mean END! Like your prospects are reduced down to shuffling coffees at the local diner.

How will you pay the rent and buy food?

With any luck, you have years to prepare. If you are young, you probably have many years of career growth ahead of you. But know this: 50 year old unemployed executives have few prospects. So prepare.

The simple answer many provide is to start a side hustle. Let me level with you. DumbWealth is my side hustle and I don’t make a dime. I do this as a labor of love and it’s still time-consuming and exhausting. I can’t imagine truly putting in an extra 4-5 hours a day after work (and life) to build a secondary source of income. I should, but who has the time or energy. Work, life, kids, exercise, chores. If you’re truly going to start a side hustle, one (or all) of these things inevitably gets neglected. You need a very understanding family and nearly infinite amounts of energy to build a viable side hustle.

OK, so why not take a hobby and try to make something of that?

Photography, painting, woodwork. Sounds great in theory, but turning a hobby into a business is a great way to kill that hobby. The business of photography is about 20% photography and 80% sales and marketing.

If you’re reading all this and saying “well, but…” then all the power to you. You might just be determined enough to pull it off. Some people are.

The rest of us need to build financial freedom in other ways. We need to save, invest and earn a little more at work. It’s a simple and powerful formula that most people neglect, either because it’s boring or they’re addicted to consumerism.

Cut your expenses, save as much as possible and invest that money in a portfolio that will eventually pay you for doing nothing. The income generated from an investment portfolio is probably the greatest gift we can give ourselves. It’s the one way to create a passive income without really doing much more than you’re already doing. You still work the same hours and have the same salary. You just need to sprinkle some planning and discipline onto your daily habits.

Start small, but start today. It’s a slow build that often leaves you questioning the plan. But keep at it and there should be a day when that investment portfolio earns enough to cover your basic needs if you were laid off. If all goes right, there might even be a day when that portfolio allows you to quit your job. That’s financial freedom.

ETFs and Funds

31 Dividend Payers that Raised in December

In my view, a dividend raise is a signal that management is confident in their business prospects – a larger dividend raise, even more so. The following is a list of large cap companies that raised their dividends in December:

(Note: Best viewed on desktop.)

CompanyAnnouncement DateAmountPrevious AmountIncrease AmountYieldEx-DatePayable Date
Darden Restaurants
Lamb Weston
Franklin Resources
Eli Lilly and
Willis Towers Watson Public
Abbott Laboratories
Bristol-Myers Squibb
Edison International
CenterPoint Energy
Carrier Global
W. P. Carey
Campbell Soup
Fortune Brands Home & Security
Erie Indemnity
Realty Income
The TJX Companies
Mid-America Apartment Communities
Alexandria Real Estate Equities
Raymond James
American Tower
WEC Energy Group
Source: Market Beat. While efforts were made to ensure accuracy, we cannot guarantee data is correct.

Start building wealth today!

Income Investing Investing

Full List of Dividend Achievers

The following list shows the companies in the Invesco Dividend Achievers ETF, which is based on the NASDAQ US Broad Dividend Achievers. Companies in this list have consistently increased their dividend payouts for 10 or more consecutive years.

Why should investors care about rising dividends? NASDAQ explains:

  • Companies that pay regular dividends tend to be in better financial health and produce sustained earnings and revenue growth.
  • Dividends help identify well-managed companies; every dividend declaration represents a promise by management and a vote of confidence by the board of directors in the company’s leadership.
  • Companies that consistently raise their dividend payouts also raise the bar on their own performance expectations.
  • Shares of dividend-paying companies possess built-in value that makes them generally more resilient in down markets, with solid appreciation potential during earnings-driven market upturns — with less price volatility.

I’ll add to this. I look at investing as a way to generate passive income. If that income grows over time, all the better.

Data source: Holdings for Invesco Dividend Achievers ETF (Nov 6, 2020). Best viewed on desktop.

Security IdentifierTickerNameSector
336901103SRCE1st Source CorpFinancials
88579Y101MMM3M CoIndustrials
831865209AOSA O Smith CorpIndustrials
00258R109AANAaron’s Holdings Co IncConsumer Discretionary
2824100ABTAbbott LaboratoriesHealth Care
957100ABMABM Industries IncIndustrials
G1151C101ACNAccenture PLCInformation Technology
1055102AFLAflac IncFinancials
9158106APDAir Products and Chemicals IncMaterials
12653101ALBAlbemarle CorpMaterials
18802108LNTAlliant Energy CorpUtilities
02209S103MOAltria Group IncConsumer Staples
25537101AEPAmerican Electric Power Co IncUtilities
25676206AELAmerican Equity Investment Life Holding CoFinancials
25932104AFGAmerican Financial Group Inc/OHFinancials
29899101AWRAmerican States Water CoUtilities
30420103AWKAmerican Water Works Co IncUtilities
03076C106AMPAmeriprise Financial IncFinancials
3.07E+108ABCAmerisourceBergen CorpHealth Care
32654105ADIAnalog Devices IncInformation Technology
34164103ANDEAndersons Inc/TheConsumer Staples
03820C105AITApplied Industrial Technologies IncIndustrials
38336103ATRAptarGroup IncMaterials
39483102ADMArcher-Daniels-Midland CoConsumer Staples
44186104ASHAshland Global Holdings IncMaterials
04621X108AIZAssurant IncFinancials
00206R102TAT&T IncCommunication Services
49560105ATOAtmos Energy CorpUtilities
49904105ATRIAtrion CorpHealth Care
53015103ADPAutomatic Data Processing IncInformation Technology
05379B107AVAAvista CorpUtilities
G0692U109AXSAxis Capital Holdings LtdFinancials
56525108BMIBadger Meter IncInformation Technology
57665200BCPCBalchem CorpMaterials
05945F103BANFBancFirst CorpFinancials
63425102BMRCBank of Marin BancorpFinancials
06417N103OZKBank OZKFinancials
75887109BDXBecton Dickinson and CoHealth Care
86516101BBYBest Buy Co IncConsumer Discretionary
92113109BKHBlack Hills CorpUtilities
09247X101BLKBlackRock IncFinancials
05561Q201BOKFBOK Financial CorpFinancials
104674106BRCBrady CorpIndustrials
110122108BMYBristol-Myers Squibb CoHealth Care
11133T103BRBroadridge Financial Solutions IncInformation Technology
G16252101BIPBrookfield Infrastructure Partners LPUtilities
115236101BROBrown & Brown IncFinancials
115637209BF/BBrown-Forman CorpConsumer Staples
G16962105BGBunge LtdConsumer Staples
130788102CWTCalifornia Water Service GroupUtilities
14149Y108CAHCardinal Health IncHealth Care
142339100CSLCarlisle Cos IncIndustrials
147528103CASYCasey’s General Stores IncConsumer Staples
14808P109CASSCass Information Systems IncInformation Technology
149123101CATCaterpillar IncIndustrials
150870103CECelanese CorpMaterials
15189T107CNPCenterPoint Energy IncUtilities
12541W209CHRWCH Robinson Worldwide IncIndustrials
16359R103CHEChemed CorpHealth Care
165303108CPKChesapeake Utilities CorpUtilities
166764100CVXChevron CorpEnergy
H1467J104CBChubb LtdFinancials
171340102CHDChurch & Dwight Co IncConsumer Staples
172062101CINFCincinnati Financial CorpFinancials
172908105CTASCintas CorpIndustrials
189054109CLXClorox Co/TheConsumer Staples
125896100CMSCMS Energy CorpUtilities
191216100KOCoca-Cola Co/TheConsumer Staples
19247A100CNSCohen & Steers IncFinancials
194162103CLColgate-Palmolive CoConsumer Staples
20030N101CMCSAComcast CorpCommunication Services
200340107CMAComerica IncFinancials
200525103CBSHCommerce Bancshares Inc/MOFinancials
203607106CBUCommunity Bank System IncFinancials
204149108CTBICommunity Trust Bancorp IncFinancials
209115104EDConsolidated Edison IncUtilities
22160K105COSTCostco Wholesale CorpConsumer Staples
126408103CSXCSX CorpIndustrials
229899109CFRCullen/Frost Bankers IncFinancials
231021106CMICummins IncIndustrials
253868103DLRDigital Realty Trust IncReal Estate
25746U109DDominion Energy IncUtilities
257651109DCIDonaldson Co IncIndustrials
260003108DOVDover CorpIndustrials
233331107DTEDTE Energy CoUtilities
26441C204DUKDuke Energy CorpUtilities
277432100EMNEastman Chemical CoMaterials
G29183103ETNEaton Corp PLCIndustrials
278265103EVEaton Vance CorpFinancials
278865100ECLEcolab IncMaterials
281020107EIXEdison InternationalUtilities
291011104EMREmerson Electric CoIndustrials
29358P101ENSGEnsign Group Inc/TheHealth Care
293792107EPDEnterprise Products Partners LPEnergy
29472R108ELSEquity LifeStyle Properties IncReal Estate
29530P102ERIEErie Indemnity CoFinancials
29670G102WTRGEssential Utilities IncUtilities
297178105ESSEssex Property Trust IncReal Estate
29977A105EVREvercore IncFinancials
30034W106EVRGEvergy IncUtilities
30040W108ESEversource EnergyUtilities
302130109EXPDExpeditors International of Washington IncIndustrials
30231G102XOMExxon Mobil CorpEnergy
303075105FDSFactSet Research Systems IncFinancials
311900104FASTFastenal CoIndustrials
313747206FRTFederal Realty Investment TrustReal Estate
31428X106FDXFedEx CorpIndustrials
320218100THFFFirst Financial Corp/INFinancials
320734106FLICFirst of Long Island Corp/TheFinancials
343498101FLOFlowers Foods IncConsumer Staples
353514102FELEFranklin Electric Co IncIndustrials
354613101BENFranklin Resources IncFinancials
369550108GDGeneral Dynamics CorpIndustrials
372460105GPCGenuine Parts CoConsumer Discretionary
3.80E+106GLGlobe Life IncFinancials
383082104GRCGorman-Rupp Co/TheIndustrials
384109104GGGGraco IncIndustrials
410867105THGHanover Insurance Group Inc/TheFinancials
418056107HASHasbro IncConsumer Discretionary
420261109HWKNHawkins IncMaterials
359694106FULHB Fuller CoMaterials
421906108HCSGHealthcare Services Group IncIndustrials
422806109HEIHEICO CorpIndustrials
427866108HSYHershey Co/TheConsumer Staples
431571108HIHillenbrand IncIndustrials
435763107HEPHolly Energy Partners LPEnergy
437076102HDHome Depot Inc/TheConsumer Discretionary
440327104HMNHorace Mann Educators CorpFinancials
440452100HRLHormel Foods CorpConsumer Staples
443510607HUBBHubbell IncIndustrials
45167R104IEXIDEX CorpIndustrials
452308109ITWIllinois Tool Works IncIndustrials
459044103IBOCInternational Bancshares CorpFinancials
459200101IBMInternational Business Machines CorpInformation Technology
459506101IFFInternational Flavors & Fragrances IncMaterials
460146103IPInternational Paper CoMaterials
45073V108ITTITT IncIndustrials
466032109JJSFJ & J Snack Foods CorpConsumer Staples
832696405SJMJ M Smucker Co/TheConsumer Staples
426281101JKHYJack Henry & Associates IncInformation Technology
445658107JBHTJB Hunt Transport Services IncIndustrials
968223206JW/AJohn Wiley & Sons IncCommunication Services
478160104JNJJohnson & JohnsonHealth Care
487836108KKellogg CoConsumer Staples
494368103KMBKimberly-Clark CorpConsumer Staples
482480100KLACKLA CorpInformation Technology
501044101KRKroger Co/TheConsumer Staples
502431109LHXL3Harris Technologies IncIndustrials
513847103LANCLancaster Colony CorpConsumer Staples
G54050102LAZLazard LtdFinancials
524660107LEGLeggett & Platt IncConsumer Discretionary
526107107LIILennox International IncIndustrials
533900106LECOLincoln Electric Holdings IncIndustrials
535555106LNNLindsay CorpIndustrials
539830109LMTLockheed Martin CorpIndustrials
548661107LOWLowe’s Cos IncConsumer Discretionary
559080106MMPMagellan Midstream Partners LPEnergy
57060D108MKTXMarketAxess Holdings IncFinancials
571748102MMCMarsh & McLennan Cos IncFinancials
577128101MATWMatthews International CorpIndustrials
579780206MKCMcCormick & Co Inc/MDConsumer Staples
580135101MCDMcDonald’s CorpConsumer Discretionary
580589109MGRCMcGrath RentCorpIndustrials
58155Q103MCKMcKesson CorpHealth Care
552690109MDUMDU Resources Group IncUtilities
G5960L103MDTMedtronic PLCHealth Care
589400100MCYMercury General CorpFinancials
55277P104MGEEMGE Energy IncUtilities
595017104MCHPMicrochip Technology IncInformation Technology
594918104MSFTMicrosoft CorpInformation Technology
596680108MSEXMiddlesex Water CoUtilities
610236101MNROMonro IncConsumer Discretionary
615369105MCOMoody’s CorpFinancials
553498106MSAMSA Safety IncIndustrials
553530106MSMMSC Industrial Direct Co IncIndustrials
636180101NFGNational Fuel Gas CoUtilities
63633D104NHINational Health Investors IncReal Estate
635906100NHCNational HealthCare CorpHealth Care
637417106NNNNational Retail Properties IncReal Estate
646025106NJRNew Jersey Resources CorpUtilities
65339F101NEENextEra Energy IncUtilities
654106103NKENIKE IncConsumer Discretionary
655663102NDSNNordson CorpIndustrials
666807102NOCNorthrop Grumman CorpIndustrials
667340103NWBINorthwest Bancshares IncFinancials
66765N105NWNNorthwest Natural Holding CoUtilities
668074305NWENorthWestern CorpUtilities
67018T105NUSNu Skin Enterprises IncConsumer Staples
670346105NUENucor CorpMaterials
670837103OGEOGE Energy CorpUtilities
680223104ORIOld Republic International CorpFinancials
681936100OHIOmega Healthcare Investors IncReal Estate
681919106OMCOmnicom Group IncCommunication Services
682680103OKEONEOK IncEnergy
68389X105ORCLOracle CorpInformation Technology
712704105PBCTPeople’s United Financial IncFinancials
713448108PEPPepsiCo IncConsumer Staples
G97822103PRGOPerrigo Co PLCHealth Care
716382106PETSPetMed Express IncConsumer Discretionary
718172109PMPhilip Morris International IncConsumer Staples
731068102PIIPolaris IncConsumer Discretionary
736508847PORPortland General Electric CoUtilities
693506107PPGPPG Industries IncMaterials
69351T106PPLPPL CorpUtilities
74251V102PFGPrincipal Financial Group IncFinancials
742718109PGProcter & Gamble Co/TheConsumer Staples
743606105PBProsperity Bancshares IncFinancials
744320102PRUPrudential Financial IncFinancials
747316107KWRQuaker Chemical CorpMaterials
747525103QCOMQUALCOMM IncInformation Technology
754730109RJFRaymond James Financial IncFinancials
7.55E+105RTXRaytheon Technologies CorpIndustrials
756109104ORealty Income CorpReal Estate
758750103RBCRegal Beloit CorpIndustrials
759351604RGAReinsurance Group of America IncFinancials
G7496G103RNRRenaissanceRe Holdings LtdFinancials
760759100RSGRepublic Services IncIndustrials
749607107RLIRLI CorpFinancials
770323103RHIRobert Half International IncIndustrials
773903109ROKRockwell Automation IncIndustrials
775711104ROLRollins IncIndustrials
776696106ROPRoper Technologies IncIndustrials
780287108RGLDRoyal Gold IncMaterials
749685103RPMRPM International IncMaterials
783549108RRyder System IncIndustrials
78409V104SPGIS&P Global IncFinancials
810186106SMGScotts Miracle-Gro Co/TheMaterials
784117103SEICSEI Investments CoFinancials
81725T100SXTSensient Technologies CorpMaterials
824348106SHWSherwin-Williams Co/TheMaterials
827048109SLGNSilgan Holdings IncMaterials
828806109SPGSimon Property Group IncReal Estate
784305104SJWSJW GroupUtilities
833034101SNASnap-on IncIndustrials
835495102SONSonoco Products CoMaterials
838518108SJISouth Jersey Industries IncUtilities
842587107SOSouthern Co/TheUtilities
84470P109SBSISouthside Bancshares IncFinancials
844895102SWXSouthwest Gas Holdings IncUtilities
84857L101SRSpire IncUtilities
854502101SWKStanley Black & Decker IncIndustrials
858586100SCLStepan CoMaterials
861025104SYBTStock Yards Bancorp IncFinancials
863667101SYKStryker CorpHealth Care
871829107SYYSysco CorpConsumer Staples
74144T108TROWT Rowe Price Group IncFinancials
8.76E+110TGTTarget CorpConsumer Discretionary
879433829TDSTelephone and Data Systems IncCommunication Services
880345103TNCTennant CoIndustrials
882508104TXNTexas Instruments IncInformation Technology
890110109TMPTompkins Financial CorpFinancials
890516107TRTootsie Roll Industries IncConsumer Staples
891092108TTCToro Co/TheIndustrials
8.94E+113TRVTravelers Cos Inc/TheFinancials
902653104UDRUDR IncReal Estate
902681105UGIUGI CorpUtilities
902788108UMBFUMB Financial CorpFinancials
907818108UNPUnion Pacific CorpIndustrials
909907107UBSIUnited Bankshares Inc/WVFinancials
911312106UPSUnited Parcel Service IncIndustrials
91324P102UNHUnitedHealth Group IncHealth Care
913456109UVVUniversal Corp/VAConsumer Staples
9.14E+109UHTUniversal Health Realty Income TrustReal Estate
91529Y106UNMUnum GroupFinancials
92276F100VTRVentas IncReal Estate
92343V104VZVerizon Communications IncCommunication Services
918204108VFCVF CorpConsumer Discretionary
92826C839VVisa IncInformation Technology
84423102WRBW R Berkley CorpFinancials
931427108WBAWalgreens Boots Alliance IncConsumer Staples
931142103WMTWalmart IncConsumer Staples
94106L109WMWaste Management IncIndustrials
929236107WDFCWD-40 CoConsumer Staples
92939U106WECWEC Energy Group IncUtilities
955306105WSTWest Pharmaceutical Services IncHealth Care
957090103WABCWestamerica BanCorpFinancials
960413102WLKWestlake Chemical CorpMaterials
969904101WSMWilliams-Sonoma IncConsumer Discretionary
92936U109WPCWP Carey IncReal Estate
384802104GWWWW Grainger IncIndustrials
98310W108WYNDWyndham Destinations IncConsumer Discretionary
98389B100XELXcel Energy IncUtilities
983919101XLNXXilinx IncInformation Technology
987184108YORWYork Water Co/TheUtilities