It was a pretty crazy day today for the stock market, dropping approx. 800 pts. When I woke up this morning, the only thing I had on my mind concerning the market was what I was going to buy from my list of stocks to add to my portfolio. After making sure that the portion of my paycheck I designate to my Schwab brokerage account, I bought 21 stocks under Schwab’s fractional share program called Schwab Stock Slices. For the stocks under the program, $5 is the minimum amount that can be used to buy into a stock.

The ticker symbols in bold are the stocks I have after today. Next week, four remain and the plan then becomes to buy 3 stocks per payday until the last payday in September.

Come October, I plan on checking the quantity of stocks that I per ticker symbol and sell the ones that are over their quantity number and put towards the ones that are still under. Once all the stocks that I have are at the baseline quantity I set for them, then I plan on buying the dividend baring stocks that aren’t part of the fractional share program and start the process again.

The income derived from the dividends will be added to the paycheck portion I have set going into the account, increasing what I can put towards buying stock and therefore increasing my dividend income.

The charitable account that I have will become a place where I will put at least 5% of any money recieved once I have reached a basic quantiy of all stocks I plan on buying though I have been reconsidering to when I start recieving dividends equaling $1+.