Back in March of this year I wrote an article titled, “There's A New DivHut In Town,” announcing the birth of my first child and how I wanted to set up an account in his name and begin a dividend growth portfolio starting at age zero. Talk about having compounding time under your belt. The goal was simple: Create a diversified portfolio of several dividend paying stocks, add fresh capital periodically and reinvest all dividends automatically. And so the journey began in May. After settling into fatherhood for about two months, Mrs. DivHut and I set up a custodial account for baby DivHut. We looked into 529 plans and other “tax efficient” vehicles for baby DivHut but ultimately decided we wanted a couple decades to grow his account and passive income stream without any “strings” attached regarding usage of his funds nor penalties for accessing the account in a manner that was not consistent with these “tax efficient” vehicles. In this way, baby DivHut might have a tax bill every year on his dividend income but he will be able to access his dividends as cash to use for whatever he wants without any consequences. Of course, this notion isn't completely foreign. Jason Fieber of Dividend Mantra wrote a great piece explaining his reasons for Holding 100% Of His Equity Investments In A Taxable Account rather than a ROTH or other retirement vehicle. The essence of the article can best be summed up in one sentence he wrote, “I'm going to be accessing my dividend income extremely early in life.” Giving baby DivHut at least twenty years of investing and compounding growth gives him a pretty good chance to do the same. It should be noted that I'm not against tax efficient investment vehicles. I hold my Canadian banks stocks in a ROTH and have my health REITs in an IRA. Should baby DivHut one day want to open a retirement account of his own and contribute to it annually I'd give my blessing. With that being said, let's take a look at the companies in baby DivHut's current portfolio as well as other names I am considering.