The 2015 Goal

Man, person with a binocular on top of a word "goal".This post is a bit overdue, but nonetheless very important one to me. I really want to keep myself accountable with the investment goals I set. I have never written down any of my goals before, in which I never found the need because the goals I really wanted to accomplish were engraved in my heart and mind. Though, this time I will be trying something different and posting it to the world to see. This concept shows my annuals goals to everyone, instead of setting up goals that I only know about. Hopefully, this will be a helpful experience and will learn something new.

Well, with 2014 fully wrapped up and with our new home purchase accomplished. It has been a highly successful year for a couple of reasons in my book. The first reason is because I ended up doubling my dividend income from a year prior and secondly growing the portfolio 5.8 percent which is not the greatest rate of return, but I am damn proud of it. 🙂

The journey in my life continues as I am looking into the next chapter to set up a very important investment goal for the future. More specifically, I am looking to improve my dividend income returns by setting the following goal.

  • To receive $2,700 in dividend income for the year 2015.

I believe this goal is definitely attainable for me and also quite demanding. Currently, my 12-month forward dividend income is at $2,186 with some change. This is a few hundred dollars lower than my 2014 dividend income received, which is primarily due to selling a few ownerships for the property down payment, including ARCP which was about 7% of my portfolio. A bit of a crippling blow to the dividend income, but nothing that cannot be built back up. This means that I have to receive the other difference of $514 from future acquisitions. The average in dividend income I need to receive is $225, or equivalent of being 8.3% per month. Currently, I am a bit behind this goal as I have received $358.66 or 13.2% of the current goal for the months of January and February. The upcoming dividend raises of my current holdings should help significantly as it would minimize the needed capital to invest. Though, investment of new capital is going to be paramount to reaching this goal while still maintaining the discipline in investing in fundamental businesses.

So this is it, the 2015 goal is out of the box. I am taking this goal very seriously and I am very determined in reaching it, no matter what. I need to continue building on a solid base I have created these last couple of years. Financial independence is to the utmost importance to me in the long term perspective. Wish me luck!

“We are what we repeatedly do. Excellence is not an accident, it is a habit.”

– Aristotle

Thank you for reading & have a great day!

 

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12 Comments

  1. Dividend Hustler on March 9, 2015 at 20:32

    That’s great that you’ve set a goal for yourself DV. Now it’s written in stone and we’re gonna hold you accountable as well. Just keep hustling hard, save and you’ll be there for sure. Thanks a lot for sharing and take care my friend.

    • DividendVet on March 9, 2015 at 21:33

      Accountability is important to myself and the readers who are following my financial independence journey. I need to keep challenging myself and keep improving.

      I think the biggest improvement has been my finance knowledge as it has changed the way I think in general. That brings up a good point, I need to set a books goal for myself.

      Appreciate for the kind words!

  2. FerdiS on March 10, 2015 at 01:02

    Great to set a dividend income goal which is attainable yet stretching! I, too, have a stretching goal for dividend income. It is quite important, I realize, to deploy the capital needed to secure the “delta” as early as possible. With a quarterly schedule, you may need to wait a couple of months before seeing the dividend checks.

    Good luck and go for it!

    • DividendVet on March 10, 2015 at 15:23

      Yeah, I really wanted that 3k in yearly dividend income to be my 2015, but after calculating how much new capital I would need, it was a bit discouraging. Plus, I have a few updating projects in the pipeline at this time, so capital in not going to totally free.

      Hope you achieve your goal as well, I’ll be rooting for you!

      Take care.

  3. Dividend Growth Journey on March 10, 2015 at 17:37

    Some goal is better than no goal. Like you, I am behind on my 2015 dividend goal after Feb. I haven’t invested much either during the last couple of months and it is going to be a rush to meet this goal.

    • DividendVet on March 11, 2015 at 11:42

      Can’t disagree with that. I usually have a to do list on my phone that everything I have to accomplish and when it is done I just delete it. That type of system has been working for me so far, but I though I’d try something different.

      I hope you knock your goals out of the park!

      Have a good one.

  4. JC on March 11, 2015 at 06:28

    Thanks for sharing your goal with us. I think setting goals and having someone be your “accountability” partner is a great idea. That’s why I try to put my goals out there for everyone to see. Hope you meet your goal this year!

    • DividendVet on March 11, 2015 at 11:45

      Yeah, luckily we have this great DGI community that supports everyone either hitting their goals or not, so it has been truly a great camaraderie.

      Best of luck accomplishing your goals!

      Best wishes.

  5. Tawcan on March 11, 2015 at 16:46

    Great goal, receiving $2,700 in dividend income in one year is pretty awesome. Way to set a goal so you know exactly where you want to end up at end of the year.

    • DividendVet on March 11, 2015 at 21:02

      I appreciate it. It will be challenge and a good test, unless maybe AAPL executives decide to stop hoarding $160 billion and share it with the shareholders. Been waiting on this next raise of theirs with eyes wide open, lol.

      Thanks for stopping by.

  6. Divorcedff on March 12, 2015 at 07:15

    Great goal you have there, You can make it!!!!

    • DividendVet on March 12, 2015 at 13:30

      Thanks, it will be a war, but I am glad you have confidence in me.

      Take care,

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