2016 DividendMonkey Goal Review

It’s hard to believe that the 2016 year is almost over.  While I have a little bit of free time, I figured I review my goals.  I wonder if I meet any of my goals.  It has been a while since I have looked at them.  Without further ado, here is the 2016 DividendMonkey Goal Review.

Goals 2016
Goals 2016

Goal 1

To make 24 stock purchases this year.  I sort of made this goal.  I had over 50 stock purchases this past year.  But, life through a wrench at me, and I was forced to Liquidate my Stock Portfolio. So I did reach this goal.  However, we Rebuilt our Portfolio and now we have 12 purchases.  I believe this is more accurate number.  We achieved 50% of this goal.  I could go and just make 12 more purchases today to reach this goal, but I am not going to blindly invest just to reach a goal.

Goal 2

Our goal was to complete our list of best of breed dividend stocks.  We have completed the template.  We have about half of the categories filled out with who is the best.  We have 125 categories, and it takes a lot of time to pick the best dividend stock for each one.  As we research more stocks, we add names to the list.  Even though it is not complete, this reference has helped us a lot in improving our stock selection.  Even though I am happy with the goals of what we got done, it is not complete.  I could go and pencil whip the document real quick and say I completed it.  But I will not do that, because if I did, the document would be of no use to me.  We will mark this goal as 50% complete.

Goal 3

We wanted to read at least 6 financial books.  We have read some books, but with the website, we have spent a lot of time reading other blogs and articles on investing.  Unfortunately, I cannot count reading blog post as books.  I have also read a bunch of books to my son and other interest of mine.  So I am going to mark this one again as 50% completed.  Hmmmm, I am starting to see a pattern.


Goal 4

We wanted to write 1 article per week, or 52 articles in a year.  While we did not literally write 1 article per week.  However, we did write a total of 63 articles this year, 64 after we count this post.  That averages to more than 1 per week.  I am good with that.  Alright, a goal completed at 123%.

Goal 5

We wanted a forward projected dividend income of $600.  We project, with no dividend changes, a $870 of dividend income for next year.  We achieved 145% of our goal.  And this one was the most important goals.  Huzzah!

2016 DividendMonkey Goal Review

We completed 2 of our goals and completed 3 goals to 50%. You can read the original post about our 2016 Goals Here.  So, ok, I could have done better.  But overall:

  • I will be making a lot of dividend income next year. Should be a least $100 per month by year-end.
  • I have learned a lot about investing for the long-term.
  • This year has been proof that I like dividends. They make me feel warm inside.
  • I like writing for this blog. While I am good at math and science, my writing abilities need to improve.  I have improved a lot over the past year.  Me much good better writer know (HaHa)?
  • This prepared me for a life emergency that money wise, could have been very bad for me.
    • This forced me stop investing for a while and take a break from this site.  Everything is going to be good, partly from this site, investing prepared for this life hiccup, and everyone’s support.

So even though I did not reach 100% of the 2016 DividendMonkey goals, I am happy.  Next year, we plan on being even more focused and achieving even harder goals, and you can read about our 2017 goals here.  Have you reviewed you 2016 goals yet?  Did you accomplish everything you want to?  Feel free to share in the comment section below.

You can read more post about our Goals for DividendMonkey.

 

 

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4 thoughts on “2016 DividendMonkey Goal Review

  1. Very nice goals indeed. I also have some goals that I wish to achieve in the next year too. Seems like this is a very popular topic to be honest. I hope you find success in the next year. All the best

  2. Congrats on what sounds like a good overall year of personal growth! The great thing about dividend investing is that you don’t really need to know a whole lot to get started and it really lends itself to learning on the go. I’m about a year or two into it as well, so I can definitely relate. Good luck in 2017!

    1. Thank you. I did learn a lot over the last year. I agree, with not to much knowledge and a $100, you can buy your 1st dividend paying stock, even with commissions. I wish you the best with your investing also, and good luck to you in 2017.

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