We are at the mid-point everyone! This is a great time to reflect on our goals, see what changes we need to make going forward and to assess what went right/wrong, and to make decisions from there. I am extremely excited to close the first half of the year, but am ever-so looking forward to the next half. Let’s see what June 2014 brought in my June Investment Report.
Investment Activities
This will not include any 401K purchases through my employer as an FYI. Only 1 large purchase of TGT occurred this month of $2,750 which added $99.84 to my annual dividend from the 48 shares purchased. They recently increased their dividend 21% and the current yield is much higher than the current 5 year average yield of the stock. Also – crazy enough – this pushed my investments total over the $100K mark, which I took a nice breath and realized it really is a milestone – and I thank YOU the readers for all of the congratulations that I have received, much, much appreciated. It’s you the readers that are helping to push me to new lengths. Thank you.
Goal Updates
As the portfolio has been updated in our Dividend Portfolio section, we have come to update you on the following goals for Lanny:
Forward Annual Dividend Projection: $3,668 or 97.8% towards the dividend goal of $3,750. Given that I plan to invest through my employer’s 401K, plans to invest an additional $1,963, and also have a projected $1,600-$1,800 in dividends for the remainder of the year – I will bump this up. New Goal based on my mid-year review from $3,750 to $3,825.
Market Value: $105,004.87 or 105% towards the $100,000 goal –> Success!
# of Stocks: Increased to 25 out of 25 or 100% towards the goal – Awesome! I will look to increase positions into other stocks.
Dividend Yield Individual Portfolio: 3.87% (down 8 basis points from 3.95% last month), need a pull back or infusion into a higher yield
Dividend Yield Retirement Portfolio: 3.04%, above my goal of 3.00%
Investments YTD: $18,037, up $2,750 from $TGT purchase. I have $1,963 to go or 90% there.
Thoughts…
Here I am reflecting on the month of June. It was a wild month, and I had a curveball of paying a $595 slight speeding ticket from new york – not happy with that, as that impacts my savings for the month as well as a potential investment. That hurt bad, but the good outweighed it tremendously. I cracked the 6 figure mark at the age of 26 years and 3 months old. I received $753 in dividend income, a new record. I purchased a stock that just announced a 21% dividend hike – amazing! All while seeing family and friends when I could, as well as mixing in a lot of traveling for work. I have also been running and working out on a very regular basis and feel awesome about it. I have a 5K coming up in two weeks that I’m pumped for and have been able to hit the pavement for cardio 6 out of the last 7 days. The weather has been pretty nice here in Cleveland and I’ve been able to take in a tribe game earlier this month, as well as runs in downtown Cleveland. I took in the beaches on the shore of Lake Erie and celebrated two friends who recently were married. I reflect now on the fact that my dividend income has sprouted and continues to grow, but at the same time, I am trying to do what I can in spending time with friends and family. I am starting to become more in the Know of where my goals truly are and having a day off today and the weekend really has helped sharpen the image of the big goals from my eye. Even though I’m legally blind in my right eye, I feel as though my goals are starting to be seen in 20/20 vision. I am focused and ready. Bring on the 2nd half of 2014 Baby, “ain’t no stopping now!”. Thanks everyone, please share your moments from the first half and what you currently are doing/changing up as the year rumbles to a finish!
-Lanny