FORWARD DIVIDENDS

Forward Dividends

2018 Dividends

Progress to FI

Tuesday, December 26, 2017

2017 in Retrospect (Goals Review) & 2018 Goals


2017 has come to an end. I feel like it was almost yesterday when I started dividend investing. Cannot believe it's been three years. In 2017 I have been very consistent with my investment (fresh capital infusion). The only reduction in portfolio happened in June 2017. I had to liquidate a portion of my portfolio for down payment (for my new home).







As far as the numbers go I ended up with $578.53 in dividends for 2017. That's a whopping 287.34% increase in dividend as compared 2016. In fact my 2017 dividend is twice the amount of dividends I got in 2016/2015 (put together).


2017
Time to look at my 2017 goals. I started out with an easy goal of $500.0 in forward dividends. I achieved this goal on 09/2017. It's taken me almost 3 years to get there. However, major chunk of the growth happened in 2017. I followed it by setting my forward dividend goal to $750.00. I was able to achieve this goal on 12/2017 (watch out for my December monthly update).

The second goal I had for 2017 was to become a home owner. I had serious doubts about achieving this goal. We bought our home on 06/17. We love our place and the feeling of being a home owner. In the 6 months that has passed since the purchase, our home price has increased. This was important to us since I felt we had over payed. Positives, we locked in low mortgage rate. We are excited to build home equity.

My third goal was to achieve $200.0 in dividends in a single quarter. This was a relatively though goal given that I managed only $150.0 in dividends in 2016. I achieved this goal on 12/2017 (2017 Q4).

Final goal was related to vitality. Goal was to obtain 4,160 vitality points (effectively $41.60 in Amazon gift cards). Please check out powerofvitality. I get points for my gym visits (each point comes out to be $0.01). I think of it as a side hustle which generates money and keeps me fit. In 2017 I was able obtain 2,625 points. This is 63.10% of my goal. Hopefully, I will achieve 4,160 points in 2018.

2018
My first goal would be to increase my forward dividends. I have set a target of $1,500 (double of my previous goal) in forward dividends. It's going to be very challenging to achieve this goal in 2018. If I manage to achieve it in 2018 I would double my goal again (to $3,000).

Second goal is with regards to mortgage payment. In 2017 I have been partially successful in making one additional mortgage payment. All additional payments go towards my principle. This ends up reducing my overall interest payment. For 2018 I would like to make two additional mortgage payments. I would split this across 12 months to reduce it's impact on my overall cash flow.

Third goal is to achieve $400 in dividends in a single quarter. Again, it's going to be very challenging to achieve this in 2018. If I do succeed it would typically be in 2018 Q4.

Fourth goal is to again achieve 4,160 vitality points. To achieve this I need to work out every single day of the year (even while vacationing). It is an aggressive goal, even if I can achieve 90% I would consider it a success.

I have noticed that I have not set any long term goals. It's good to have short term goals to improve confidence, but I also need a long term goal. I have been thinking about this for sometime and my final decision is that I want to be Financially Independent (FI) by 1/1/2032. As of now I am at 6.64% of that goal.

I have added my 2018 goals to goals section. .

How successful was 2017? What are your 2018 goals?








18 comments:

  1. Nice summary Mr. Geek. Excellent progress and some good fresh goals. I was wondering how you define financial independence for yourself since it means different things to different people? Tom

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    1. Thanks Tom. Very good question. To me FI is 30x my current expenses. That might still not suffice, but something to aim for.

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  2. Hi DG, an impressive 2017 you've had. Love the progress on the dividend income, and congrats on the new home. Also great that you are staying fit so that you'll be around to enjoy FI! Here's to your continued success in 2018 as well!

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    1. Thanks ED. Staying fit is definitely an essential part of FI.

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  3. Congrats on your progress. It's always a slow start but once you get going, the compounding machine does all the work.

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    1. Thanks DE. I am yet to ramp up. 2019 is when I expect dividends to start compounding.

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  4. Dividend Geek 2045,

    Your comment took me to your blog. Very impressive. It seems you are a step ahead of the goals I'm hoping to achieve. This year's goal for me is to become a homeowner. I haven't been fully able to ramp up due to the cost of two kids in daycare, my wife's student loans and looking to buy this house. Good luck to you in 2018. I will add you to my blogroll.

    Dividend Seedling

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    1. Home buying did put my investments on a back burner. I would highly recommend building home equity. Keep going at it mate.
      Happy New Year!

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  5. Nice yearly review and awesome goals for 2018! You can easily break up your 2018 goals in smaller monthly or even quarterly goals you can cross of your list. Also good to see that they are not only financial goals but also health.

    Keep up the great work and I'll be following along your journey in 2018!

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    1. Hello Robot, good to see you around. The problem is my investments are non-linear. I don't have the FCF to distribute my investments evenly (I try). Creating smaller monthly goals would definitely be useful. Happy New Year!

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  6. Hi DividendGeek,
    Great job on achieving most of your 2016 goals. And it's nice to see that you set high targets for the upcoming year. It will be interesting to see how it goes for you!
    Best of luck and Happy New Year!
    -BI

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    1. *I meant goals for 2017 (not 2016)* :)

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    2. Thanks mate! I am going try my best to achieve it.
      Happy New Year!

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  7. Hi dividendgeek,

    Congrats on achieving your 2017 goals and becoming a home owner.

    I think short-term goals are great because they keep you motivated as you make progress and complete each goal. They are also less daunting.

    A great way to achieve long-term goals is to create short-term goals or milestones.

    Take care

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    1. Thanks Mr.ATM. I agree, having additional short-term goals definitely helps. Happy New Year!

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  8. I am pretty sure you will earn more dividends in 2018. Congratulations on home ownership. Keep up the good work!

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  9. nice and so useful info.
    thank to the writer for sharing...

    https://www.lukhidiamond.com/LOOSE-DIAMONDS

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