Wednesday, July 11, 2012

Quarterly Progress Update

My portfolio paid me $913.69 in the second quarter which averages out to just over $300/month.  This was a $101.55 increase from Q1 mostly due to new purchases but dividend increases helped out as well.  Since I started dividend investing two years ago, I have received a total of almost $3,600.  It's now to the point where I receive a dividend almost every week.

I plan to retire in 16 years with investment income and a military pension.  I have a longgg way to go but the good news is I'm ahead of schedule.  The goal of $3800 annualized dividend income for 2012 has already been achieved.

I need to focus on running or I will not meet my goal of 2 miles under 15 minutes (which isn't even very fast!).  There is no organized physical training at my new duty station, I've been slacking off big time.  We have a new track and a nice gym right down the street.  I have no excuse.  I need to suck it up and stop being lazy.

13 comments:

  1. CI,

    Congrats on a great quarter. It's great to hear you are exceeding your goals and I think you have a good plan reach your retirement goal in 16 years. Keep up the good work and I will continue to follow your progress. Also good luck hitting 2 miles in 15 minutes, I started some new workouts myself and it's tough to stay motivated sometimes.

    "Energy and persistence conquer all things."
    ~Benjamin Franklin

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    1. Thanks. While I do not make much I'm consistant. I've saved at least $500 every month for the past 4 years. It definitely adds up over time. I'm just glad I found a simple investment strategy that works.

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  2. $300/month wow! Well done, keep it up.

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  3. Nice quarter! Averaging $300 in dividends per month is excellent and I think you're on a good dividend growth trajectory.

    My usual running speed (on the treadmill) is 7 mph, which works out to 2 miles in 17 minutes. I also need to be more dedicated to physical fitness, in part so I can lose some weight. Good luck on reaching your goal!

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    1. I'm happy with the income that is being generated. I'm trying to rely less on high yielders and build positions with better dividend growth.

      I have to be dedicated to physical fitness, it's part of my job. I do not particularly enjoy running, but it's something I've become used to.

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  4. Great job, that is excellent progress and results in only 2 years! Even if you stopped now, $300/month would provide substantial supplemental income. Looks like the master plan is unfolding quite nicely.

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    1. 2 years is somewhat misleading because I've been saving & investing a lot longer than that. I've been dividend investing for 2 years. I can remember when the max contribution to an IRA was only $2,000/year for example. Much of 2011 was spent converting to the dividend strategy after I was comfortable with it.

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  5. Congrats on a great quarter! I'm looking forward to the day (hopefully I see it in 2014) when I earn $600/year in dividends because it'll add $50/month to what I contribute to my portfolio. Fortunately, my horizon for retirement is longer than yours, or I'd have to pick up my savings significantly!

    Good luck with the running. It took me a year to take off 30 pounds and a year to put it back on. I need some exercise/weight goals. Hopefully reading your blog will rub off on me!

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    1. The main thing is that you are smart and working toward a better future for you and your family. So what if it takes 30 years. You won't have to rely on government handouts in retirement that must feel good. There is something to said for living in the present and enjoying our time on this earth. I'm in the process of figuring out a new budget and fun money is definitely going to be higher this time around

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  6. Congrats on the dividends...running is hard to do without being forced lol:} I have the same problem being in the NG...we have to do it on our own...Luckily, I've always been a strong runner, even now at 43 I usually come in at 16:30, and thats with very little practice, my problem is usually the situps, I always pass the situps, but I can never get over 45 in a PT test no matter how much I practice it seems, it is very frustrating:}...once again, 300 is pretty awesome, you are way ahead of me

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    1. Haha, yea it is! We had a few changes with teams and I now supervise some soldiers. We'll be doing PT on a regular bases. One of them is flagged, so I have to make sure he improves (it was his run). Even though I'd rather sleep in, I'm glad I can't be lazy anymore.

      Oh I do not get anywhere close to a 300, remember that I'm in a different age bracket. I have to run around 13:15 to max it. Not going to happen...

      Good to hear from a fellow service member!

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  7. great progress, and you're on the right path!

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