With a new year upon us, it is time post my 2023 review and my goal results for the year.
How did I do this past year? Did I hit my goals?
Well, let us get to it!
Honestly, 2023 was a pretty turbulent year for the market. It was not until the last month of the year that the market shot up like a rocket.
So perhaps it is best that I start with the numbers and then my 2023 goal results.
Financial Review of 2023 – Dividends and Portfolio
The numbers don’t lie!
I collected a record $14,066.29 in dividend income for 2023!
That is the most dividends I ever received for any year.
Next, let’s look at my projected annual dividend income (PADI) from start to finish over the past year.
- PADI on January 1, 2023: $13,558
- PADI on January 1, 2024: $14,451
That is a 6.5% increase on PADI since the first day of 2023. That amounts to $893 in dividends added over the year.
As for dividend raises and cuts, let’s just say it was NOT a good year. This was mainly due to the many dividend cuts.
The dividend raises themselves were alright for the year.
- 2023 dividend raises: $330.01
- 2023 dividends cuts: $672.60
Ouch! The biggest cut was MPW ($504) followed by VFC and INTC (168.60 totaled)
When you combined the raises minus the cuts, I was in the red at negative $342.59 in organic growth.
As for my overall portfolio value for 2023:
- I started the year with a portfolio value of $294,941.76
- I ended the year with a portfolio value of $323,301.10
This means my portfolio grew by 9.6% in value in 2023.
Goal Results for 2023
For the year 2023, I set the following goals for projected annual dividend income:
- Bronze Cup: Projected annual dividend income of $14,250
- Silver Cup: Projected annual dividend income of $14,750
- Gold Cup: Projected annual dividend income of $15,250
So, how did I do?
By closing the year with a $14,451 PADI I have achieved the Bronze Cup!
Not exactly what I was hoping for, however, dividend cuts for the year took their toll.
Without the cuts I would have achieve the Silver Cup, but oh well.
For the year 2023, I set the following goals for new stock purchases:
- Bronze Medal: Add 3 new stocks to my portfolio!
- Silver Medal: Add 4 new stocks to my portfolio!
- Gold Medal: Add 5 new stocks to my portfolio!
So, how did I do?
I am happy to report that I added 5 new stocks to my portfolio this year. Thus, I have achieved the Gold Medal!
For the year 2023, I set a silver bullion goal to buy 20 ounces of silver.
So, how did I do?
Well, I purchased 20 ounces of silver over the course of the year! Mission accomplished!
Conclusion
Thus, we conclude my 2023 Review and Goal Results!
I am hoping the year 2024 will bring far greater prosperity, but we shall see!
I set new goals for 2024 for projected dividend income, new stock purchases, and silver bullion.
My ultimate goal is to surpass $16,000 this year which would be my crowning achievement.
I don’t know what the new year has in store, but only time will tell if I will accomplish this.
I am going for the gold on all fronts!
So, how was your year? Did you accomplish your goals? Let me know in the comments below!
Also, don’t forget to Subscribe for more great content and updates on my financial journey!
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