My monthly
dividend income goal for 2015 is $ 600 (which shouldn't be too difficult), and $ 650 may be achievable (a serious stretch, but not impossible).
If I can maintain an annual dividend income growth rate of approximately 20 %, then I should be on track to reach my projected average monthly
dividend income goal of $ 750.
My next stock buy will certainly lift me over the $ 600 / month milestone, so achieving my 2015
dividend income goal well before the end of the year is a certainty.
Each one of these small purchases brings me closer to my $ 500
dividend income goal for 2015 — it's gonna be a close one!
In fact my portfolio value is around 40k (canadian) right now and my dividend income is near 1500 $ (canadian) but I'm awaiting for an 8000 $ (can) money transfer to be available in my brokerage account pretty soon so things should improve a bit more and I should be near my 2000 $
in dividend income goal for 2015.
This will cost me another month, but I should still be able to reach my projected monthly
average dividend income goal for 2016 of $ 750.00.
In fact, if I could average this amount for each month for the remainder of the year, I'd have no trouble surpassing my
forward dividend income goal for 2018 with just this and my monthly reinvested dividends (no more capital investment required!).
Our dividend income goals are pretty close.
Do you have
any dividend income goals you are trying to reach this year?
Here is my progress against
these dividend income goals:
Keep up the good work yourself, and I wish you well in reaching
your dividend income goals.
Our dividend income goals are pretty close.
I haven't done a detailed analysis like you've done here, though I realize investing earlier in the year rather than later would be better for reaching
my dividend income goal.
With all the capital you've been putting to work, you should be able to crush
that dividend income goal.
The wider the gap between your income and expenses, then the more capital you can raise and the less time it will take to reach
your dividend income goal.
In order to reach
my dividend income goal, I have to receive minimum $ 1010 dividend for the month of December.
So I'm pretty well on track hitting
my dividend income goal of USD 4» 500 for 2017.
They will have a lower yield and lower risk, which means it will take a bit longer to reach
my dividend income goals.
3) When you were approaching
your dividend income goal, how did you deal with the temptation to continue investing in order to secure a bit more dividend income?
I'm averaging $ 477.97 per month in dividend income this year, which means I should comfortably exceed
my dividend income goal.
As a long time (silent) reader I would just like to congratulate you on a very nice month and achieving
your dividend income goal for the year!
I know you said you will post a more detailed article in a bit and you mentioned the amount you maintain currently but I'm very interested in how much in cash equivalents you intend to maintain once you achieve
your dividend income goal and «retire».