Halfway 2013 I started my journey of becoming a Dividend Growth Investor. 1.5 years ago I sat down and calculated income goals for the coming 30 years. These goals (annual dividends received) were based on the assumed dividend growth, yield, monthly deposits and stock price appreciation. So far I've been killing these goals!
I am not going to change these goals because they are meant to be long-term goals. It's great that I am ahead of these goals for now but there are obviously going to be times when I might not be able to contribute as much to my portfolio. But just like last year
I am going to set annual goals. These goals could differ from my long-term goals. It's just a method of keeping myself motivated and to keep pushing myself this year to reach more goals.
I decided to expand the theme of my goals a bit and to include some non-financial related goals. Without further ado, here is my list of goals for 2015.
- Deposit €350 per month (on average)
- Receive €950 in annual dividends
- Write 24 premium articles for Seeking Alpha
- Lose 10kg (currently at 98kg)
In general I think my goals are ambitious but not completely out of reach all together. I'll just have to work hard, earn some extra money and put aside time to write SA articles. I am off to a good start, my 2nd article of the year just got published!
In the next few days I'll put out a reminder post for this article.
I am not going to set a goal for the value of my portfolio because I am hardly in control to reach that goal. Market gyrations have far too much influence on the portfolio value. I just can't expect to earn 20% for another year.
I'll keep all of you updated about my progress towards reaching my goals for 2015. Finally I hope all of you will reach your goals in 2015, whether they are financial or not!