Growth Update: December 2014
Happy New Year to all! I’m back in Los Angeles and couldn’t have asked for a better 2014. I got engaged, had a stable job, started a blog and made some great progress in my personal finances. It was my first full year of consistent capital contributions to my stock portfolio. My holdings grew from 12 companies to 21 over the year, and its modest value today is worth way more than the me of three years ago would ever believe. But if there’s one thing to take away from the year it’s that I can do better. I want to keep this momentum going in 2015 and continue to build my portfolio of businesses that raise their dividends each year. Contributions will be decreased this year, since I have two big purchases to make: a wedding and honeymoon. Although we are planning a frugal wedding, we want to treat ourselves and travel abroad for a great honeymoon. Then upon returning, we will do everything possible to become financially independent.
In December I was light on the contributions, but managed to initiate a position in Franklin Resources (BEN) and add to Unilever (UL) for a total monthly capital contribution of $2,402.01. This brought my 2014 new capital invested grand total to $37,322.67. This beats my revised goal of $35,000 and smashes what I originally thought I’d be lucky to contribute, $17,500. Wow…last year I barely grossed 40K because I had trouble finding work for almost 6 whole months. Not only did I have stable work this year, but I even managed to get a 26% raise in the summer. I’m so incredibly happy and fortunate to have done so well with this goal.
As a result of the amped up contributions, my small portfolio’s value has been on fire this year. I got my current job just two months before the end of December in 2013 and had a total portfolio value of just $5,851.90 at the beginning of 2014. Now, a year later, the value has soared 666.54% to $44,857.26. That’s an increase of 6.18% over last month’s $42,244.64.
My portfolio’s value will go up and down in the short term, so it’s the ever rising dividend payouts I pay attention to and have expectations of. This month blew away the rest of the year as I finally hit three digit dividend income in December, taking in $152.99. This beat last quarter’s record month of $90.07 by 69.86% and was an increase of 1,634.58% over last year’s $8.82.
My record month of passive income helped me beat my last financial goal of 2014 which was dividends received. I sought out to make $750 this year and originally thought I could do it on only $17,500 in contributions. I was way wrong because it took me over twice that amount of capital. My 2014 grand total of dividends was $773.22. This was a 1,165% increase over the $61.12 I earned in 2013. Going into 2015, I have a much better idea of how this goal works.
I’ll always remember 2014 as the year I truly got my financial independence journey rolling. Thanks to everyone who read my personal progress this year; your support has been so motivational and inspirational. Cheers to a prosperous 2015 for everyone!
How was your year? What businesses are on your investment list?