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.”
Thank you for reading & have a great day!