Thursday, May 29, 2014

Ebay For Extra Income

In order to free up some extra monthly income, I am constantly trying to find ways to earn money. Last month I opened up an Ebay account so that I was able to make some extra cash on top of what I already make at both of my jobs. I am allowed to sell 10 items per month which is perfect for me, because I don't have a ton of extra time anyways. In order to make it easy to receive payments from buyers, I also opened up a Paypal account. The only tricky part to setting everything up was linking the Paypal account to my Savings account so that I can withdraw the funds as I please.
      Once I had my account setup for Ebay and Paypal I was able to easily find 10 items around my home to list on Ebay. These items were whatever I no longer had any use for. Below is a list of the items I was able to sell with the Ebay App on my phone.

Complete Forensics Book                      
ZTE Warp Phone                                    
Bulova Men's Watch                               
Kirra Cologne                                         
 10 Silver Canadian Maple Leap Coins  
Kutting Weight Sauna Shirt                  
Guitar Hero World Tour                        
UFC lot of 10 DVDs                             
Dark Knight Blu-Ray                            
6 Bottles Opti-Free Solution                  
Gross Total
Ebay Fees
Net Total

I was able to add $428.14 to my monthly income for the month of May, 2014 just by getting rid of some items I no longer had any use for. I don't know about you but that's like an extra paycheck for the week! That extra income can now be used to invest into another dividend stock in the future. Thanks for reading!

Wednesday, May 28, 2014

Recent Buy - Target Corporation (TGT)

Before I started my blog my last stock purchase on 5/17/14 was:
11 shares of Target Corporation (TGT) for $58.02 per share.
Target is one of the worlds biggest retailers and has been under a lot of heat due to a security breach in their credit card systems. (TGT) has decreased by -13.41% in the last 6 months and at these current prices I felt a need to buy. Target is currently on a road to recovery but they have a long way to go. Online retailers such as Amazon continue to dominate Walmart and Target with their great prices. Do you think Target will be the next KMart? I would say hell no, and the reason is Target sells quality merchandise unlike Walmart. I can buy quality furniture, clothes, organic food, etc. at Target. Target Corporation reported a huge drop in Q1 earnings last week, as expected with all of that headlines they have been in. The company's two biggest blunders were the botched Canadian expansion and the data breach. These two mishaps  are still weighing down its performance. But for how long?  It seems revenue is holding up well in the U.S., but profitability is under pressure.

Anyone else like Target (TGT) at this price? Do you think Target is on the road to recovery? Thanks for reading!

Wednesday, May 21, 2014

Welcome to Dividend Mongrel!

Hello everyone and welcome to my blog! I wanted to share my experiences of being a true beginner to the investing world. I started to invest at the beginning of this year and still have a lot of work to do. My  ultimate goal is to be able to retire by the age of 55. In order to achieve this goal I will be investing in high quality dividend stocks every month that pay quarterly or monthly dividend yields. Hopefully this is the start of a long and rewarding journey into financial freedom.  I have decided to broadcast my journey to financial freedom online for the world to see.  I made my first stock purchases in the beginning of 2014 when I injected $952.00 into Sony because I had no clue what I was doing. I have since then made some great changes and have read many  blogs on how to invest the right way. My goal is to invest at least $1,000 every other month into whichever dividend stock I feel provides the highest value at the time and share with you my journey to financial freedom. Thank you all for visiting! 

-Dividend Mongrel