Goals until the end of the year and for 2017
Hey guys, almost ¾ of 2016 are over this means I want to review my goals until the end of the year and to give a preview for the next year. As I mentioned the last few weeks I really concentrated on finding additional alternatives on investing. This is what my focus will be in the near future besides of course investing in dividend stocks. As this is and will be my fundament of my investing portfolio.
At the beginning of the year the size of my portfolio was at around 19 000 EUR with a yearly dividend income of 500 EUR, now 9 months later it has a size of 28 500 EUR containing 22 companies and a yearly dividend income of around 750 EUR. So far I did invest in 7 different companies in 2016. That means I improved my yearly dividend income by 50% compared to the beginning of the year. Besides the yearly dividend income I also have a small interest rate income which is right now at around 100 EUR. Unfortunately the interest rates are with 0.7% are very low. So all in all have a yearly passive income of 830 EUR. This is not that high right now and leads me to my goals until the end of the year.
Goals until end of 2016
To my dividend portfolio I want to add and ETF by investing 2 000 EUR which will add additional 80 EUR to my passive income. Furthermore I want to invest 1000 EUR in crowd-investing of already settled companies (not start ups), this will add again another 50 EUR. By increasing my cash rate I will receive a yearly interest income of 140 EUR. All in all my cash-flow will look like this by the end of the year.
So all in all I want to reach the 1000 EUR of yearly passive income by the of the year.
Goals for 2017
For 2017 I want to invest additionally in p2p lending and start ups. I know this is a very risky segment that’s why I will start with a small amount and depending on my experience I will expand that sector as well. Nevertheless dividend stocks remain my main strategy therefore I am planning investments of around 12 000 EUR for 2017. Furthermore I want to improve my overall yield of 2% as well. All in all my invest portfolio at the end of the year 2017 should look like this:
After all that means I want to have a yearly passive income by the end of 2017 of 1 660 EUR that is an average of more or less a 140 EUR per month. This is still not extremely high but I think I will be on the right path towards creating passive income and being financially independent.
So guys what are your financial goals for 2016 and 21017?