Dear reader, fellow DGI,
The first quarter of 2016 is already behind us. Wow time really flies when you having fun. So here is my Q1 review letter to my readers. Lets see what the first quarter of 2016 brought. Just as a reminder, see my blog post for my 2016 goals.
With the first quarter 2016 in hindsight, it’s time for a formal quarterly review. Why do I do a quarterly review you ask? Well there are a couple of reasons (besides because its fun to write). By doing my own review periodically it will help me understand whether I’m on course to meeting my goals, or whether I need to change my strategy or tactics.
It also helps me to stay focused on actively managing my Vrijheid Fonds. And I believe it helps me, through reflecting on the past, to be a better DGI.
So lets take a look at my five goals for 2016.
- Receive €2,350 in dividends during the year of 2016.
In the first quarter I received €525.79 in dividend income. Normally the first quarter of a year is the slowest quarter. So for a slow quarter I’m very happy with this amount of passive income. At the end of the first quarter my projected dividend income for 2016 is €2,373.
So it is save to say I already smashed this goal. But before I set a new goal, let’s first dive into what happened in my Vrijheid Fonds.
In Q1 I have donated about €1,400 of fresh capital in my Vrijheid Fonds.
In the beginning of 2016 I did some math and Pollie-magic 😉 again and looked at the return on investment for my remaining mutual funds. I was not happy with the results. After selling one of my long held mutual funds, I bought another mutual fund and averaged down on another. For some background info, take a look at this blog post about my mutual funds.
With the sell I lost a projected dividend of €106. The two new buys are good for approx. €340 dividend. So the net gained projected dividend for 2016 for my mutual funds is €234! Yippie!
If I take a look at the rest of this year, I project at least 4 new stock purchases of about (€1,200 or $1,500) in 2016. So there are still some more dividends projected for 2016.
As I already mentioned I smashed my goal. I didn’t intended to sell my mutual funds when I wrote down my goals for 2016. But common-sense took over and I made the right decision (without emotion). Because of this action, I was able to reach my goal so very quickly. For the rest of 2016, no more short cuts are available. So I need to set a new goal. My new goal will be even more challenging. I set my goal to €2,600.
Grade: Passed and update!
- Save 40% of my net income in 2016, averaged monthly
As I told you in my 2016 goals Post, I want to save 40% of my income from my day job. This is a high percentage, but I think it will be possible.
Regular visitors of Polliesdividend.wordpress.com, know that we are saving for some home improvement. At this moment our home is a mess, because the builders have taken over. We are getting a new bathroom. As you can imagine a lot of cash is going that way. Furthermore we pay ourselves first every month after we receive our pay checks (practice what you preach 😉 ). The family savings account is used for holidays, (medical) insurances, emergency fund, etc. Just the normal things!
We also have a college fund for our kids. This is a separate account, with mutual funds. And you guessed it; this is for putting our kids through college when they are older.
In Q1 of 2016 I have saved a total of 41% of my net income. Yeah, I’m well on my way to achieve this goal.
- Invest a total of € 6,000 new cash
In order to let my Vrijheid Fonds grow, it needs fresh cash. This quarter I added € 1,200 of fresh capital. And it is ready to invest. With € 1,200 of fresh capital to my Vrijheid Fonds in the first quarter, the year-end goal will be achievable. This because in December I normally get some extra’s which I will be donating to my Vrijheid Fonds. For now, I’m well on my way!
- Write a least 100 post on Polliesdividend!
I started to write my investing decisions down, which helps me to make better decisions. And it also helps me to track my progress. That’s what I told you last year when I started Polliesdividend. And it is still true. And besides I’m starting to really like it. Especially when I got feedback from you, my dear readers.
This will be my 26th! post this year. So I think I will achieve this goal. It will be hard balancing my time between my family, work, blog and friends. But for now, I’m very happy and proud of myself.
But before we go off to my last goal, fist lets take a look at the statistics of my website:
- Number of views in Q1: 8,085
- Number of visitors in Q1: 2,844
- Number of comments in Q1: 129
Top 5 bog posts:
|1. Shell Update (Unaudited)|
|2. Reinvesting my dividend|
|3. Pollies goals for 2016|
|4. BHP Billiton slashes its dividend by 74%|
|5. Dividend increase The Coca Cola Company (KO)|
Top 5 countries from which people read my blog:
- The Netherlands
All in all it is been a good first quarter for polliesdividend.wordpress.com.
- 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 educate yourself. And of course maintain good health.
For my physical sharpening I have been going to the gym two times a week in this first quarter. My mental sharpening I did by reading two books.
The first book was an autobiography of a Ukraine soccer player and his career in the Netherlands. The culture difference between our countries is very big and gave some nice reading. It is a book about personal goals, leadership and working in different countries.
The second book I read was “The richest man in Babylon”. You can read my book review in this blog post over “The richest man in Babylon”.
And of course I continued to read blogs of fellow DGI’s and articles on Seeking Alpha. This gave me new insights on some investing issues. What a present for me it was!
Key Statistics Vrijheid Fonds:
Some key statistics on my Vrijheid Fonds for the first quarter of 2016:
Net Value: € 66,076
Growth Net value: 1.4% (since 1-1-2016)
Fresh Capital: € 1,214
Dividend Income: € 525,79
Number of stocks: 20
New addition: Mutual fund, 6 RDSA (Drip) and 1 UN (Drip).
Number of dividend increases: 6
Percentage Dollar stocks: 50.00%
The first quarter of 2016 was a very rocky ride. In the first two weeks of the New Year, the indices dove down hard! Especially in Beijing, where the stock trading had been stopped by the authorities a couple of times. The Yuan reached it lowest point in 5 years in the second week of 2016.
On WallStreet we saw the same red numbers on the screens. It took almost 3 month to come back to the levels of the beginning of the year. It was a nice ride, with some great buying opportunities. Unfortunately I did not have some fresh capital to invest and let this opportunity go by ;-( .
Furthermore we had the terror attacks in Belgium, which had of course a huge impact in Belgium, Europe and also here in The Netherlands. What is the world coming to?
The oil prices were still very low and this affects all major oil companies. All the major oil companies have announced that their dividend is safe (for now).
And most commodities prices were still low. This was one of the reasons why BBL slashed its dividend.
We are having some hard times in the world. But I can’t change the whole world. Just this very tiny part around me. That’s were my energy goes. So I’m focusing on my Vrijheid Fonds.
And if we look over there, things are looking pretty good 😉 . I’m passing all my five goals, and I adjusted one goal.
How about you? How are you doing with your goals for 2016? Passing or failing?
Thanks for reading!