• Jennifer Castillo is an attorney, blogger, and self-proclaimed “Henry” — an acronym that stands for “High Earner, Not Rich Yet.”
  • Henrys are millennials with six-figure incomes who are using investment and savings strategies to meet their future financial goals.
  • Castillo shared with Business Insider how she spends her monthly income, which includes saving for emergencies, investing in real estate, and purchasing a gym membership. 
  • She wishes there was a “greater appreciation for the aspirational sentiment” of the term Henry.
  • As an Afro-Latina immigrant, Castillo said she hopes to showcase other BIPOC Henrys on her blog, Jenny the HENRY, to cultivate a more inclusive definition.
  • Visit Business Insider’s homepage for more stories.

Jennifer Castillo is a Washington, DC-based attorney by day and a blogger by night. Castillo, 33, is a self-described “Henry,” a term (and acronym) that she said encompasses “a subset of millennials that have six-figure incomes, but are not quite rich yet” (“High Earner, Not Rich Yet”). 

The acronym first appeared in a 2003 Fortune magazine article describing families with an income between $250,000 and $500,000. Since the Fortune article, Castillo said that the term Henry has evolved to describe households that command an annual income between $100,000 and $250,000, but have not amassed investable assets of $1 million.

Pamela N. Daniger, author of the 2019 book “Meet the HENRYs: The Millennials That Matter Most for Luxury Brands,” writes that Henrys have high incomes now but aren’t resting on their laurels — they have even higher projected incomes for the future. 

“Investable assets include cash, funds in your bank accounts, money held in retirement accounts, among others, and [do] not include physical and tangible assets like real estate,” Castillo said.

She added that Henrys like herself have disposable income and generally would spend those funds on experiences, dining, travel,

Dividend growth investingWelcome to the September review of DivGro, my portfolio of dividend growth stocks. My goal with these reviews is to share updates to my portfolio and to detail the dividends I received during the month. Additionally, I look at how the month’s activities have impacted DivGro’s projected annual dividend income (PADI).

In September, I opened one new position and added shares to two existing positions. Ten DivGro stocks announced dividend increases in September. The net result of these changes is that PADI increased by about 2.1% in September. Year over year, PADI increased by 22%.

As for dividend income, in September I received dividends totaling $4,094 from 46 stocks in my portfolio, a year-over-year increase of 22%. I’m happy to say this amount sets a new record for dividend income in a single month!

So far in 2020, I’ve collected $21,659 in dividends or about 80% of my 2020 goal of $27,000.

Source: Author’s Blog (DivGro)

Given DivGro’s PADI of $31,473, I can expect to receive $2,623 in dividend income per month, on average, in perpetuity, assuming the status quo is maintained. But DivGro’s PADI should increase over time because I invest in dividend growth stocks. Furthermore, I plan to reinvest dividends until I retire, so DivGro’s PADI should continue to grow through dividend growth and through compounding.

Source: Author’s blog (DivGro)

Dividend Income

I received dividends from 46 different stocks, for a monthly total of $4,094 in dividend income:

Source: Author’s blog (DivGro)

September’s total is the highest I’ve ever recorded since I founded DivGro.

Here is a list of the dividends I collected in September:

  • Archer-Daniels-Midland Company (ADM) — income of $108.00
  • Aflac Incorporated (AFL) — income of $28.00
  • Amgen Inc (AMGN) — income of $80.00
  • Anthem, Inc (ANTM) — income of $9.50
  • Broadcom Inc (AVGO) — income

So far this year, Airbus has sold 379 planes or a net total of 300 after cancellations. Photo: Getty
So far this year, Airbus has sold 379 planes or a net total of 300 after cancellations. Photo: Getty

Airbus (AIR.PA) reached the highest number of monthly deliveries in September, although order activity remained quiet as COVID-19 continues to hammer the aviation sector.

It delivered 57 jets in September this year, up from 39 in August and exceeding the 55 achieved in February 2020, just before the onset of the airline crisis.

The European planemaker made 341 deliveries over the last nine months including 18 A220s, 282 A320 Family, 9 A330s and 32 A350s. This figure was down 40% from the 571 deliveries the same period last year, with the fall in output triggered by the pandemic.

A significant number of planes were delivered from a parked backlog. Its backlog stands at 7,441 aircraft compared to 7,133 at the same point in 2019.

The only order change registered was the reduction of Macquarie Financial Holdings’ order for 40 A220-300s, which has been revised to 37.

In total, Airbus booked 300 net commercial plane orders compared with 127 net orders compared to the same time period last year.

READ MORE: Coronavirus: Future of airline industry in governments’ hands

While the company axed guidance at the outset of the coronavirus crisis, industry sources told Reuters that it is targeting 500 deliveries in 2020, having delivered more than three quarters of that “target” already.

In 2019, Airbus delivered a record annual total of 863 jets. So far this year, it has sold 379 planes or a net total of 300 after cancellations.

Airbus trails ahead of US rival Boeing (BA), which sold 67 jets by the end of August and had a negative net total of 378 orders dominated by cancellations for the 737 Max, which has been grounded for 18 months after

Written by Nick Ackerman, co-produced by Stanford Chemist

The Calamos Strategic Total Return Fund (CSQ) offers investors an attractive blend of convertible exposure and common equity exposure. Equities dominate the largest allocation of the fund’s portfolio, led by the tech sector. Though the allocation to tech isn’t egregiously large overall. In fact, the allocation of tech is smaller than that of the S&P 500. The strong returns since the GFC have also given investors a few distribution boosts since then, with the last dividend increase happening earlier this year.

CSQ seeks “total return through a combination of capital appreciation and current income.” Its investment strategy is quite simple: “investing in a diversified portfolio of equities, convertible securities and high yield corporate bonds.”

Essentially, the investment managers can posture the portfolio in whatever particular composition they deem the most attractive. That can result in some superior returns if they get it right. While the opposite is just as true, the current management team has been able to deliver more than reasonable returns. Calamos also has experience in the convertible space, with its line-up of CEFs offering exposure to these investment instruments. That being said, CSQ is one of their funds that actually has the least exposure to this space.

Convertible stock can be beneficial for some investors, as they have features of both equities and fixed-income. This means they can also be potentially more volatile than regular fixed-income instruments, as the conversion feature results in movement based on the equity of a company. However, that also potentially allows for upside when a conversion takes place – all the while collecting a fixed interest rate on their holding. Typically, retail investors do not get exposure to these investments, as they aren’t traded on exchanges. They are level 2 assets though, so liquidity

Welcome to the nickel miners news for September. The past month saw nickel prices slightly lower and a busy month of news from the nickel market and juniors. Perhaps the biggest theme has continued to be the forecasts for a mid-term nickel deficit, explaining why Tesla’s (TSLA) Elon Musk called for miners to “mine more nickel”. Tesla Battery day reaffirmed Tesla’s massive EV metals demand ahead as it scales to 3TWh of battery capacity by 2030 and 20m EVs pa as their long term goal.

Nickel price news

As of September 30, the nickel spot price was USD 6.54, down from USD 6.82 last month. Nickel inventory at the London Metals Exchange [LME] was slightly lower than last month at 235,950 tonnes (238,830 tonnes last month).

Nickel spot prices – 5-year chart – USD 6.54/lb

Source: Mining.com

Nickel demand v supply charts

Nickel Long-term Price Projection

Source: Kalkine Media courtesy DIS

Battery nickel demand set to surge over ten fold this decade as the EV boom takes off

Source: Bloomberg

2019 to 2030 ‘battery’ demand increase forecast for EV metals – Nickel ‘battery’ demand forecast to increase by 14x

Source: Courtesy BloombergNEF

Benchmark Mineral Intelligence – Simon Moores’s – forecasts

Source: Benchmark Mineral Intelligence Twitter

Investors can also read my past article: “Top 5 Nickel Miners To Consider Before The Nickel Boom.”

Nickel Market News

On August 28 Mining Weekly reported:

Mining industry yet to fathom scale of battery raw material challenges – Friedland. While global electric vehicle [EV] sales are back to a healthy growth trajectory, significant investment in mining capacity is required if EVs are to become anything more than a niche market, says mining entrepreneur Robert Friedland’s Clean TeQ Holdings. Nickel and cobalt, in particular, face substantial raw material challenges, at a time when EV sales