Goals

My ultimate goal is to live off the dividends which my investment are generating. However this goal is not achievable overnight. To monitor my yearly progress I've done some (rough) calculations and rounded the yearly dividends upwards. This way I've set realistic goals while it still takes a lot of effort to reach these goals. This hopefully will keep me motivated!



Do you think these goals are realistic? I've used the following inputs in my spreadsheet:

  • Annual dividend yield: 3%
  • Annual dividend growth rate: 6%
  • Value of starting portfolio: EUR 11.000
  • Monthly deposits: EUR 250
To keep trading costs to a minumum, I want to reinvest cash dividends and monthly payments in blocks of at least EUR 1.100 (roughly $1.500). In the beginning this equates to 2-3 stock purchases a year.

10 comments:

  1. Hey Dude! And Good job! According to the URL it seems we have another Finn here trying to get away from our government shackles :). We share the same goal, i will check your progress from time to time. Only one improvement comes in mind you probably know this all ready, by increasing your Monthly deposits you will archive your goal so much faster. I'm trying to keep my monthly deposits at 1000€ even though i only earn 2280€ month - the freaking Finnish taxes.

    best regards!

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    1. Hi InvestingIdiot! Thanks for stopping by and taking the time to comment. However, to answer your question, I am not Finnish. I am from Europe though (the Netherlands).

      And about the monthly deposit, you are totally right. Of course I would like to deposit more money each month. For this year my goals is to average €300. This month I've already deposited €1.500 so I am ahead of schedule for this year.

      Good luck to you! I will add you to my blogroll to keep me updated about your progress.

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    2. Heh funny, i actually noticed that you name did not sound like Finnish name but your URL says .fi got a bit confused there. And btw thanks for adding me to your blogroll!
      cheers!

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  2. Hi Robin, why not use degiro as broker? Low costs for us stocks, only .50$ for an order!

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    1. Hi Ronald, thanks for the tip! I've never heard of Degiro but it looks promising. What are your experiences using Degiro?

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  3. Just came across your blog...great work! I like the chart of your annual dividend investing goals. Our family knows that we want to generate roughly $20K from our dividend portfolio, and we know that we want to accomplish it within 14 years, but I haven't actually sat down and broke it down further as you have done here. Well done. Good luck in your journey!

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    1. Hi Frugal Family, thanks for another comment. Yeah, those goals keep me focused. But I might have to think about upping those goals, since I am almost covering my goal for year 3 with my current forward annual dividend rate.

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  4. Replies
    1. Thanks DearDividend. Your comment reminded me of the fact that a whole year has passed since I started DGI. I need to put up a post about that :)

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  5. Hello Robin,
    I read your blog after a comment from you on one of my post. Great job you are doing! Keep up the great work.
    Did you look at De Giro already? As the Dutch verb says: Het is niet allemaal goud dat er blinkt, I hope you read all the small letters of De Giro.
    I'll be back to read some more and follow your journey.

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