2014 was a relatively smooth year. During the year, share prices continued upward, which is not good if you are an income investor still in the accumulation mode. My Dividend Growth Portfolio's 2014 risk rating will end the year lower than 2013's 1.72 rating as a result of buying more conservative stocks in 2014.
From an investing standpoint, 2015 will face more funding challenges than 2014. With my son joining my daughter in college, I will have less discretionary money to invest. In 2012, I completed my investment transition to Dividend Growth Stocks. Much of my historical investments were reallocation of existing funds. Given these facts, the 2015 dollar amount of new investments in my Dividend Growth Portfolio will be smaller.
Hopefully, we will have a few deep corrections in 2015. I always welcome a correction as a buying opportunity. 2014 saw no dividend cuts in my Dividend Growth Portfolio. I anticipate a similar trend in 2015. I also suspect 2015 will see fewer companies failing to raise their dividends (dividend freezes). The trend in 2014 continued where my dividend increases exceed dividend cuts.
Below are my updated goals:
| Description | Dividend Income Annualized | Yield on Cost |
| 2027 Goal | 110,000 | n/a |
| 2017 Goal | 42,000 | n/a |
| 2015 Goal | 35,000 | n/a |
I left the income goal for 2017 and 2027 unchanged. Reflecting lower contributions next year, I am setting my 2015 annualized dividend income goal at $35,000. To achieve this goal, I anticipate good dividend growth in 2015 around the 6% I experienced in 2014.
I am confident that I will finish 2015 with higher annualized dividend income than where 2014 will end. In addition, I feel good that my string of sequential months of higher annualized dividend income will continue through 2015.
If it were easy, everyone would do it and success wouldn't be nearly as satisfying. Here's to a prosperous 2015!
(Photo: sanja gjenero)
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