Just finished posting my end of the month dividends and comparing this month's total to January 2015. While doing this I noticed that monthly dividend payers alone would pay more cash this year than my entire portfolio paid out last year. So I did a quick estimate of dividends from quarterly paying shares and was pleased to see that if I do absolutely nothing between now and the end of 2016, my dividend income will be a little more than 25% higher than 2015!
This is exciting in itself, especially since this does not include reinvested dividends. Since I will be reinvesting dividends and I will be adding additional shares through cash purchases throughout the year, it should be a piece of cake to reach my goal of increasing dividend income by 50% over last year. I may revise my plan around June or July because I'm thinking I may reach my yearly goals by then. No matter how it works out, it's surely a powerful motivator to see income increasing at such a tremendous pace. It also gives me a great deal of confidence in my investment strategy. At this rate, by the time I retire, I'll be collecting a nice tidy sum to supplement my Social Security checks.
Friday, January 29, 2016
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment