With 2015 having come to a close and having achieved a good portion of the 2015 goals I had set aside for myself, it is now time to look towards the future! Once again this year I want to challenge myself to save more of my money each month through controlling my spending, while setting clear goals for investments, dividend income and also now branching out to diversify my overall investment portfolio.
Showing posts with label Goals. Show all posts
Showing posts with label Goals. Show all posts
Tuesday, 5 January 2016
Thursday, 31 December 2015
2015 Goals in Review
This year has felt as if it zoomed by, and even though the year is just about gone I am very happy with the progress I have been able to make. With continuing to work on this blog (and Twitter), building my portfolio and at long last starting a career in banking!
Here is a recap of my 2015 goals.
1) $1,200 in yearly estimated dividend income.
2) Achieve a savings rate of 40% or higher.
3) Regular posting of update and informative articles(1-3) month.
4) Complete partially finished 2014 articles!
5) Thank you to all my readers, regular and new!
Here is a recap of my 2015 goals.
1) $1,200 in yearly estimated dividend income.
2) Achieve a savings rate of 40% or higher.
3) Regular posting of update and informative articles(1-3) month.
4) Complete partially finished 2014 articles!
5) Thank you to all my readers, regular and new!
Thursday, 30 July 2015
2015 Goal Progress Update!
Now that the first half of 2015 is coming to a close, its a good time to review the goals I set out for myself for the year at the end of 2014. It has been a pretty busy and exciting year so far and I continue to work at my goals and share them here. Overall, I am quite happy with most of my 2015 goal progression.
1) $1,200 in yearly estimated dividend income - Accomplished!
1) $1,200 in yearly estimated dividend income - Accomplished!
Saturday, 22 November 2014
Blog Pan: Update 3
Hi everyone! I'v been fairly busy the last few weeks and have been trying to work on a few articles/posts. This weekend I hope to have a new Recent Buy post done as I initiated a new position from my last watchlist. I am also working on a couple articles, one on the benefits of and why I have my portfolio in a Tax Free Savings Account(TFSA) and using Dividend Re-Investment Plants (DRIP's). Both of those are fairly close to being done, but need some final touches and some more research, TFSA facts can be a bit hard to nail down definitively, and the wording on the Canada Revenue Agencies website is not always clear...
From my last blog plan, I would like to follow though on the second part of the Excel tutorial, which considering I have also started using Google Document/Spread will try to incorporate them together. Many of the formula's are the same, or at least very similar in execution. Google Spreadsheets also have some great benefits such as being able to have updated stock ticker info :)
Following up on the previous outlines on what I would like to do, so far I am quite happy on my current formatting of posts, more detailed and concise Income and Expense tracking. This month I was able to make a purchase again, but I would still like to do a review of my previous watch list companies to track their performance and reminisce over 'what might have been', perhaps in a similar format to how Business News Network (BNN) shows its guest speakers past picks results.
From my last blog plan, I would like to follow though on the second part of the Excel tutorial, which considering I have also started using Google Document/Spread will try to incorporate them together. Many of the formula's are the same, or at least very similar in execution. Google Spreadsheets also have some great benefits such as being able to have updated stock ticker info :)
Following up on the previous outlines on what I would like to do, so far I am quite happy on my current formatting of posts, more detailed and concise Income and Expense tracking. This month I was able to make a purchase again, but I would still like to do a review of my previous watch list companies to track their performance and reminisce over 'what might have been', perhaps in a similar format to how Business News Network (BNN) shows its guest speakers past picks results.
Wednesday, 25 June 2014
My Portfolio Goals and Investing Criteria!
As I am just starting to build up my portfolio, I have a few goals and criterion for going about it.
My goals are:
1) To generate income; preferably monthly with stable dividends and distributions. Which is why if you look at my portfolio most of the holdings pay monthly, and the two ETF's I hold also pay monthly.
2) Maximize tax efficiency; currently all my holdings are Canadian tax eligible investments, which makes their dividends, distributions and any capital gains 100% tax free! The power of compounding returns, when combined with no having to pay taxes on your investment income is amazing! Not to mention it makes tax season less complicated!
3) Dividend growth; for the long term in order to keep pace with or beat value eroding inflation I look for companies who have a history of increasing their dividends. However, if management is reinvesting into the company in order to grow the business then so long as the company has a yield of 3%+ then I will discount the dividend growth in favour of a stronger business in the long term.
My goals are:
1) To generate income; preferably monthly with stable dividends and distributions. Which is why if you look at my portfolio most of the holdings pay monthly, and the two ETF's I hold also pay monthly.
2) Maximize tax efficiency; currently all my holdings are Canadian tax eligible investments, which makes their dividends, distributions and any capital gains 100% tax free! The power of compounding returns, when combined with no having to pay taxes on your investment income is amazing! Not to mention it makes tax season less complicated!
3) Dividend growth; for the long term in order to keep pace with or beat value eroding inflation I look for companies who have a history of increasing their dividends. However, if management is reinvesting into the company in order to grow the business then so long as the company has a yield of 3%+ then I will discount the dividend growth in favour of a stronger business in the long term.
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