2012 Dividend Income Goal
We finished the year with $6,341 in dividend income versus our 2011 year end goal of $6,700. We sold some dividend stocks in 2011 to help purchase a vacation rental condominium. We plan on growing the yearly dividend income for 2012 to $6,700 by the end of the year from our end of year 2011 balance of $6,341. In 2011, we continued to see many dividend increases as we did in 2010.
I plan to be a little more conservative with my stock purchases for 2012. I will focus on increasing stock purchases into our large blue chips stocks that will represent long term value. I will look to reduce some of my bank holding throughout 2012 as well.
Our long term goal is to have $30,000 in yearly dividend by retirement in 2024. Keep in mind, I don't consider this dividend stock portfolio diversified. I have most of our retirement assets in a diversified mutual fund portfolio with Vanguard.
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