Many use Excel but admit they don’t know how to use it very well, as I suspected.

Only a handful use Quicken or bill-paying software to track their payments.

 

I recently sent out an email asking my readers what they did to track their dividend payments.

And I want to take a quick minute to THANK everyone who responded.

The responses were simply amazing!

I received literally hundreds of emails from readers who all share my amazement that we still have no easy way to track our dividend payments.

• A few people said they use paper and pencil and track their dividends by hand.
• Many use Excel but admit they don’t know how to use it very well, as I suspected.
• Only one person has used Quicken or bill-paying software to attempt to track their payments.

Yet nearly everyone complained that NONE of these methods gives you all of the information you need to really know how your income investments are performing.

And that’s simply outrageous!

As you know, dividend performance is simply the most important metric for your overall investment success bar none… yet it’s almost as though information about dividends is deliberately hidden from us.

If I were a more conspiracy-minded fellow, which I am not, I would suspect that Wall Street and the financial media keeps this essential data away from us on purpose.

After all, you have to be a crack researcher to track down the rate at which dividend payments are increasing quarter over quarter.

You have to REALLY know what you’re doing to calculate how your dividend payments affect your cost basis – and therefore the real performance of an investment.

And don’t even get me started about comparative analyses – or trying to forecast how changes in your portfolio will impact your monthly income in six months, a year, or two years.

I’ve long preached that accurate, up-to-date data about dividend performance is THE key to lasting and growing wealth – and yet we have trouble tracking even the most BASIC information.

So that’s why I’ve been quietly toiling away for nearly a year on a possible solution… something that gives all of us what we need.

I can’t tell you too much about this now but I’d wanted to reach out to you earlier this week to find out what how you’re tackling this mostly to make sure I’m on the right path.

But I’ve been working with top developers… computer programmers… an odd mathematician or two (odd meaning extra, not strange)… investment analysts… and a business team to see if we could solve this problem once and for all.

We’re ALMOST ready to unveil our pet project to the public… maybe in a few days or so.

I believe it’s going to revolutionize income investing.

In fact, I think it could revolutionize investing in general.  It has the potential to utterly transform how people invest.

As I keep saying, dividends are THE key to really growing your wealth – and the project I’ve been working out quite literally hands you the key.

I can’t say any more.

So, please stay tuned.

In the meantime, if you have any questions about how to track your own dividend payments feel free to drop me a line any time.

Back to main dividend tracking and forecasting blog page.

 

 

 

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