Time for me to put it on paper. I have to do this and it will force me to stay on target. I did not come out with a goal article this year. I wanted to keep it simple and knew I wanted to place around $45,000 into the market this year. However, things happen during the year that altered, not the amount, but how I get there. Early on, quite a bit would have been through tax-advantaged accounts, but due to an event this year, I don’t have that option (which I will explain). Therefore, I am aiming to achieve $7,200 in forward dividend income by December 31, 2018 in my taxable account.
Now that the first quarter is behind us, it’s time to check in on where I currently am at with my dividend portfolio. I want to share the current state of my dividend portfolio, related to market value, forward-looking dividends, yield and yield on cost. Additionally, I’ll describe the activities; such as, contributions, dividends received to date and the like. I thought this may give a great snapshot of where I currently am, the progress into this year and if I like the trajectory for the year. Time to check out the state of my portfolio!
Wow… another year, down. I know it’s cliche and that every day is just that, a day. Whether it’s 365 of them or 450, but at least the calendar is there to check progress towards your goals. I set goals last year in January, to blaze trails and do more what I’m passionate about. 12 months, 365 days, 8,760 hours (and you get the drift) have passed and it is that peaceful time to check in on the full check on my 2017 goals. Time to dive right in.
Goals. Man setting lofty and ambitious goals are so important to achieving success. I’m relatively new to the goal setting process and only started doing so just a couple of years ago. At first, I only set annual goals; however, after the third quarter, I took a new approach to setting goals. I created a list of four life and finance goals to compliment my lofty annual goals. The thought was I could focus on taking care of both little and big rocks during the quarter instead of focusing my attention solely on those lofty annual goals. In this article, I plan on reviewing these four fourth quarter goals. Let’s take a look at these goals and see how I performed.
We all establish goals for next year around this time, through the mid-point in January, typically. We are motivated, passionate and ready to blaze trails. I LOVE IT! I love the energy that a new year brings and the motivation that you get when you start thinking of everything you want to accomplish. It’s lifting, refreshing and it’s new. However, it’s also hard! Of course, goals would not be goals if they were easy to attain. Hard work is what it’s all about. At the end of every year, I realize something new about my goals from that year, each time. I am thankful as hell that I set my goals higher than ever, such as what I did for 2017. I want to dive in the benefits of setting lofty goals and the impact the goal setting has on more than just yourself.
Three quarters down, one to go. 2017 is rapidly coming to a close. October is one of my favorite months. My wife and I love the fall weather, playoff baseball is back, and some of my favorite holidays are right around the corner. If you recall, at the end of December I set five goals for myself. I knew some of the were stretch goals, but it has been a blast aiming for them anyway. Each quarter Lanny and I review our goals to check our status and see what possible changes may need to be made. Let’s jump in an perform my Q3 goals review.
Three years and three or so months ago, my portfolio crossed the first six digit mark in it’s existence. Back in June of 2014, the dividend investment portfolio crossed $100,000 in market value. Now I never posted about the portfolio crossing $200,000, but something about $300,000 had a nice ring to it. It took me over 5 years to get to $100,000 and only 3.25 short years to triple that amount. I hope we all can take a pause to think about that for a second, as my article will be focused on HOW I was able to garner a $300,000 portfolio and how YOU can too. Check out how I was able to cross and crush through the $300,000 dividend stock portfolio mark!