Financial Independence Progress Report for November 2015

11/30/2015
Emergency Fund ($72K) 100.0% 100.0%
College Fund (80K) 36.52% 38.05%
Passive Income Streams ($4000 pm) $226.42 pm (11/2014)% $515.17 pm (11/2015)
Retirement Fund ($900K) 58.03% 58.31%
Roof for our Family($1 mil) 00.00%
Medical Fund 00.00%
Life Insurance Done (term life insurance payments initiated)

Main Takeaways

Markets made a small move on the positive side and the following portions of my portfolio definitely saw some benefit from it.

  • Retirement Fund
    • Moved some more of my gains from my Vanguard IRA into VGSLX (Vanguard REIT Index). This moves my VGSLX % to 6% of my IRA holdings….final goal is to have it be 10% of my IRA and add a solid dividend stream in my IRA account.
  • 529 plan
    • Money set aside for a birthday party for my kid went unused and that went into the college fund. So, positive markets and the small funding boost, courtesy my kid’s generosity, helped propel the 529 fund.

I did take advantage of some down days in VTMGX (Developed Markets International fund) and boosted my investments to dollar cost average my investment in VTMGX. I am hoping for some decent dividends from the International fund…mainly to diversify my dividend income stream across many countries.

The passive income portion of my portfolio is chugging along nicely. Passive income for November 2015 continued the winning trend vs November of last year.

  • I compute Passive Income per month as (total passive income in this year) / number of months completed this year.
    • Total passive income is a sum of dividends + capital gains distributions.
    • November Passive Income = (total passive income in this year) / 11 == $515.17 pm.
    • Doing it this way keeps the monthly passive income more realistic because I can instantly know which of my monthly expenses are covered by this amount. I keep a separate tracker for this which I will write about at a later date.
  • My final goal for passive income is $4000 pm. This is going to take a while. So, my intermediate goal is to get $1000 pm in passive income first. Right now, I am at $515 pm. But, next month is December….the biggest month for dividends for me and possibly for most people. I am expecting monthly passive income to reach $600 pm. Can’t wait to get to the end of this month.
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4 thoughts on “Financial Independence Progress Report for November 2015

  1. Solid gain of 100% dividend income from November 2014 to November 2015 :). In one post you mentioned to wait for a recession to buy a house. A few months ago Canada was in “recession” due to commodity price falling. I wonder if it has impacted the housing market?

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  2. Thanks for dropping by! Yep…100% improvement! Can’t believe that I never knew about this path before 🙂

    Housing in my area is showing no signs of cooling down. It is kind of depressing actually that folks have so much money to spend and inflate the home prices. I do think nowadays of moving out of this area sometimes….but it seems like a defeatist option. Anyways, I have reduced my investments for 2016 to push more money towards the down payment. Lets see how next year shapes up.

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  3. hey Humble FI,

    Congratz on the doubling of your dividend income in one years time. It is good to set intermediary goals to reach a 4000 dividend income per month. A mile stone of 600 by year end is good. any ideas when you forecats to reach 1000/month?

    happy holidays

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    • Thanks much for dropping by. And happy holidays to you too!!

      Yes…$1000 pm is my next big milestone. My old plan was that once I reach $1000 pm milestone, I will purchase my primary residence. Dividend reinvesting of $1000 pm means that I can use all available money each month for monthly mortgage payments.

      I am working on my next year goals as we speak…just waiting for all the December dividends to come through for a more accurate projection. But, to get $1000 pm, assuming a 3% dividend return, I need appx 7 years and if I assume a 4% return, I need 3 years appx, with a $12K per year additional capital investment. Need to crunch some real nos soon 🙂

      Have a wonderful year ending!

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