Age: Early/Mid 30's
Profession: U.S. Army / Satellite Technician
Dividend Growth Investing: Since August 2010
Goal: Increase Income
Favorite Stock: Philip Morris (PM)
Retirement Date: 2028
My goal is to produce a secure passive income stream growing faster than inflation. To accomplish that goal I favor dividend growth stocks. These are companies (stocks) with a high probability of increasing future profits and using those profits to reward loyal shareholders with larger dividend payments each year. Beyond equities I also make room for a 10% fixed income allocation to include bonds, preferred stocks, and peer-to-peer lending. If interest rates were to rise down the road, I would strongly consider a higher fixed income allocation.
It is important to note that I do not base investing success on capital gains, total return, or "beating the market." I simply want more passive income hitting my accounts quarter after quarter! When my passive income stream (which may include a military pension one day) exceeds my expenses I plan to stop working. I find that it's very easy to stick to a plan like this. I don't have to worry about the next market crash or trying to "outperform." I just need the companies I am invested in to continue executing their business plans as they always have and keep raising dividends. I typically see results each quarter which motivates me to maintain an above average personal savings rate & not give up!
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