Polliesdividend

Pollies goals for 2016

First of all, Happy New Year to all my readers and fellow DGI’s!

May it be a good Dividend year for us all.

2016_happy_new_year

So 2016 has begun, I reviewed my 2015 goals in my previous post. So now  it is time to set new goals for 2016. I achieved all my goals in 2015 and I’m proud of it. So I need new and challenging goals for 2016.

It is always nice to think about my goals. Just sit in a quiet place (and this is hard to find in a household with two young kids 😉 ) and think of what I want to change, what to keep and what to drop.

Here are my 2016 goals:

  1. Receive € 2,350 in dividends during the year of 2016

In 2015 I received € 1.772 in dividend income. And at the time of this article, my projected annual dividend income is € 2,134. In order to reach this goal I have to add € 216 of annual dividend income to my Vrijheid Fonds.

At this moment my Vrijheid Fonds has an average dividend yield of 3.54%. If my new purchases had at least the same yield, I will need at least € 6,073 new capital to invest. It will be a challenge for me, but I am ready. This goal will help me to come closer to my financial independence day.

  1. Save 40% of my net income in 2016, averaged monthly

I want to save 40% of my income from my day job. This is the same goal as in 2015. This saving will not be used for investing. We are saving for some home improvement.

  1. Invest a total of € 6,000 new cash

In order to let my Vrijheid Fonds grow, it needs fresh cash. My ultimate goal is to live of my dividend Income. Therefore my Vrijheid Fonds needs to grow. In 2016 I will feed this beast at least € 6,000 of new capital. This is about 9.3% of its value.

  1. Write a least 100 post on Polliesdividend

In 2014 I started my blog on Polliesdividend. At first I found it very hard to write a post. This because English is not my native language. And I wanted it to be perfect. But after a couple of posts it became easier. Okay I make an error, so what. I’m not perfect 😉

But writing my investing decisions down helps me to make better decisions. And it also helps me to track my progress.

Another motivation is to network more actively with other investors focused on dividend growth investing. The wider audience and increased traffic to Polliesdividend is a welcome bonus.

In 2015 I wrote 83 blog posts. I also started with the series: Teaching my kids. I have written just 4 posts in this series. So still a lot of topics to write about. With this in mind, I will set the standard a little higher in 2016.

This is a tough goal, because I need to find more time to write posts. I have to divide my time between my work, family and my website. It will be a balancing act.

  1. Invest in my self by following a webinar or read a book every quarter

Stephen Covey called it Sharpen the Saw. I think it is important to keep education your self. And of course maintain good health.

For my physical sharpening I will keep going to the gym.

For my mental sharpening I will follow at least 1 webinar or read 1 book every quarter. And of course continue to read blogs of fellow DGI’s and articles on Seeking Alpha.

This goal is a present for my self. I hope to get new insights and investing ideas.

Pollies 2016 Goals

  • Receive € 2,350 in dividends during the year of 2016.
  • Save 40% of my net income in 2016, averaged monthly.
  • Invest a total of € 6,000 new cash.
  • Write a least 100 post on Polliesdividend!
  • Take at least webinar or read 1 book every quarter.

I can’t wait for investment year 2016 to begin.
I think I have 5 achievable and challenging goals for 2016. What do you think about my goals? Have you set goals for 2016 yet? Leave a comment below.

Cheers,

Pollie

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