Introduction
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This is Ken Leoni Vice President of Marketing here at Stock Rover. This video will provide an overview of Stock Rover’s Future Income Tool. A quick note before I jump into the specifics of Stock Rover’s Future Income Tool.
All Stock Rover plans including Free – allow investors to see a basic summary of their future income in the Dashboard. When we click on the hyperlink or the hamburger are presented with options, including the ability to select multiple portfolios. The Future Income Tool in the Portfolio Manager is included in our Premium and Premium Plus subscription plans.
I’ll start with a brief explanation of how the Future Income Tool works and then finish with a detailed walkthrough of the Future Income tool.
The Future Income Tool projects future dividend income on a monthly, quarterly, and yearly basis. The income is based on the individual stocks, ETFs, and mutual funds that comprise a portfolio.
Stock Rover provides a projection based on recent dividend payment history. The projection assumes no increases or decreases to the current dividend rate. The projections are well, just that – projections. If a portfolio is comprised of healthy companies that may be increasing their dividends in the future, well then Stock Rover’s projections will be somewhat conservative. On the other hand, if a portfolio contains companies that are suddenly under financial stress and the future dividends could be potentially cut or even eliminated, then Stock Rover’s projections will be optimistic.
Keep in mind dividends, dividend payment dates, and even dividend frequencies can all change. This in turn can change the amounts and/or the timings of the actual dividend income realized relative to the projections.
Overview of the Future Income Tool
To access the Future Income Tool, you’ll want to go to Portfolio Management. This is found under the Management group in the grey selector bar on the left. When you access a portfolio in Portfolio Management, the Portfolio pane on the right shows a number of options among them, is Future Income. Note, if you regularly access the Future Income Tool you can also bookmark the page for quick access as I’ve done here.
The Navigation Window shows your portfolios in a tree-like structure. This is where you can select the portfolios you want to include in your future income calculation. I’ve selected a portfolio called Dividend Growers Strategy. Notice I can also select to display and project the income for multiple portfolios.
Before delving more deeply into the projecting income for these two portfolios we see along the top a number of settings. By default, the Future Income tool only shows dividends from the current month forward. However, you can also include dividend payments from previous months. This is helpful when you want to include past dividend payments when considering our dividend income history story or when we want to compare the future income to the previous months. For comparison purposes, the past income is computed from current portfolio holdings.
We can exclude past income or we can include past income from the current month, the current month plus three months, the beginning of the current year, and the beginning of last year. You can switch between US and Canadian dollars. You can choose whether to include dividend reinvestment as part of the future income stream or not.
Below we see 3 tabs that determine the level of future income detail to be displayed. I can see monthly, quarterly, and yearly summaries of projected income across all portfolios. I can see monthly income at the portfolio level, and I can see monthly income at the holdings level.
Note that for all tabs I have the option to export as a CSV. Resize the columns to fit the display. I can also expand to a separate browser window. This allows me to take advantage of more screen real estate when I have multiple displays.
Let’s go to the Summary Level. We see a summary with monthly, quarterly, and yearly income value across all selected portfolios in the table. The chart below the table shows us the income at the monthly level or we can also select quarterly values. Mousing over the chart shows the value. Note we can also resize the chart.
Let’s look at the portfolio level. We now see the monthly breakdown per portfolio in the Table. Notice that we can either click on the column heading for sort options or right-click for sort and grouping options. For example, you may want to turn the grouping off before an export. The chart shows us the per portfolio income at the monthly level, we can also select quarterly. Mousing over the chart also shows us the portfolio’s value.
Let’s take a closer look at the holdings level. We see a detailed monthly breakdown per holding within each portfolio. For each holding, we see the estimated payment date along with the income amount. Again, we can sort or right-click on the column headings for sorting and grouping options.
Summary
The Future Income tool allows you to quickly and easily project your future dividend income on a monthly, quarterly, and yearly basis. You can select one portfolio or multiple portfolios.
I hope you found the video useful. I encourage you to explore Stock Rover and see all that it has to offer, as well as check out our other educational videos on our website. Thank you for watching.
