FMG 0.45% $22.10 fortescue ltd

This is one Fu!k up DOG Can't even hold $4 and now back down to...

  1. 904 Posts.
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    This is one Fu!k up DOG

    Can't even hold $4 and now back down to $3.70

    I have done what I can for my portfolio Cost Roughly $3.7x 300k shares exposure...

    Don't dare to add more now due to more sh!t may be coming in the Macro picture... Maybe Will just reinvest Gross Dividend every year... and Money from other sources to pay for the Taxes....

    0.23/0.7 = $0.328 Gross Dividend 2018 = $98400 /3.74 300,000 shares = +26000 shares
    0.25/0.7 = $0.357 Gross Dividend 2019 = $116382 /3.74 326,000 shares = +31000 shares
    0.25/0.7 = $0.357 Gross Dividend 2020 = $127449 / 3.74 357,000 Shares = + 34000 Shares
    0.26/0.7 = $0.371 Gross Dividend 2021 = $145061 / 3.74 391,000 Shares = +39000 Shares

    by 2021 = 430,000 shares + Some additional money Aim for 500,000 Shares

    Don't have forecast for dividend from the share platform...

    Lets say $0.3 dividend = 0.3/0.7 = $0.428 Gross Dividend 2022 = 500,000 shares = $214000/ year

    Well... Boosting dividend Income by 100% in 5 years seems ok.... From $98,000 to $214000
    $214000/3.74 = + 57000 shares

    0.30/0.7 = $0.428 Gross Dividend 2023 = $238396 /3.74 557000 shares = +64000 shares
    0.30/0.7 = $0.428 Gross Dividend 2024= $265788 /3.74 621000shares = +71000 shares
    0.30/0.7 = $0.428 Gross Dividend 2025 = $296176 / 3.74 692,000 Shares = + 79000 Shares
    0.30/0.7 = $0.428 Gross Dividend 2026= $329988 / 3.74 771,000 Shares = +88000 Shares
    0.30/0.7 = $0.428 Gross Dividend 2027 = $367652 / 3.74 859000 Shares = +98000 Shares

    2028 = 957000 shares Plus additional cash invest Aim for 1,100,000 shares
    2028 1100000*0.428 = $470,800/ year in Gross Dividend

    In 10 years... Boosting Dividend Income to nearly half a million Assuming price stays @ 3.74 or lower.... and using "reasonable" dividend...

    Which is Not too bad.... $500k/year Gross income Sitting on your butt.. It's only 10 years.... I would still in my middle age...


    People will ask what do you do for a living... Collecting Rent and Dividends.....

    in 10 years the mine lives of FMG is still running good Eli is over 20 years,,,,

    That's the game plan for the next 10 years

    So Just Hope and pray This DOG stays @ these levels....
 
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$22.10
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$21.99 $22.22 $21.87 $84.79M 3.834M

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