Below are the goals I set at the beginning of the year:
- Reach 600k in market value for my DG portfolio
Failed. Portfolio is around $540k. I sold part of my holdings to pay a larger than expected tax bill and also used some proceeds to fund a rental property purchase. My portfolio didn’t recover quick enough to get to 600k. I don’t plan on purchasing any rentals this year so I can put a lot more into my portfolio.
- Reach $21,000 in forward 12-month dividends
Achieved 12/30/19. Forward dividends barely broke through the $21k mark. I have some calls I sold on AT&T “in the money” that expire in January which I don’t plan on rolling forward so the forward dividend will take a hit in January unless I can replace this high yielder. It will likely be after April before I can start reaching new highs in this area.
- Earn $20,000 in dividend income
Failed. I hit $18,104 in dividend income for the year. However, this is 30% higher than the income from 2018 so still a win. When I sold some stocks around April it hurt my dividend income for several months and I didn’t recover in time.
- Increase Net Worth to 1.1 M
Failed. Net Worth is currently at $1,069,000. I missed the goal by $31,000. I plan to really watch my expenses closer in 2020.
twothree rental properties
Achieved. Technically I did buy three properties but I sold 1 so the net was 2. I’ll call this one a win. I now have 7 rental properties.
Rental profits after maintenance & vacancy expenses are $2675/month. This is a nice chunk of change and can cover a lot of my normal expenses. My ultimate short-term goal is $6,000/mo passive income from real estate plus investment accounts.
- Reach total forward passive income of $45,000
Achieved. I’m at around $53,000 in passive income. My 2020 goal is $55,000 and 2021 Goal is $65,000.
Well I hit 50% of my goals. Not great but I’m not too far off on the ones I failed at. I had set some fairly lofty goals. I’ll have to think about my 2020 goals so I can realistically hit them all this year.
I hope everyone else hit their 2019 goals for the year!