May 2019 is done….seems like time is moving faster and faster!! Since the beginning of 2019, I have been studying a bit on different planning strategies for a 40 year retirement. I picked one of the strategies and have been doing a dry run for the past few months. I am ready to make that the main execution vehicle from next month onwards. So, I will introduce the method I chose and also how I am going to track it going forward.
This means that this form of monthly progress update will be the last. I have used this template since I started this blog…almost 6 years ago. So, bit sad to let it go…but time to move on and look to the future.
That said, let us see how much closer I got to my financial independence targets in May 2019.
Emergency Fund | |
College Fund | |
Passive Income (2018 vs 2019) | |
Retirement Fund | |
Roof for our Family($750K) | 00.00% |
Medical Fund (via HSA) | |
Life Insurance | Done (term life insurance policy) |
Main Takeaways this month
There is a lot of red in this month’s portfolio….mainly to the stock market tanking by a few points.
- Passive Income Stream
- This year’s target dividends was $500 pm or $6000 per year. The target is half of last years because I had to sell some investments for a home down payment….though home search itself has not been successful yet.
- The good news is that I have met the yearly target of $6000 per year as of this month. The total dividends, as of end of May, is $6060.73.
- Every dollar of passive income from now on is just a bonus.
- Additional Investments
- Investments in taxable accounts
- Nothing this month.
- Investments in tax-deferred account (IRA)
- Used the IRA cash fund to invest into VEIPX: Vanguard Equity Income Fund
- I.e. Dollar cost average down my VEIPX holdings in light of market drops.
- Used the IRA cash fund to invest into VEIPX: Vanguard Equity Income Fund
- Investments in tax-deferred 401K
- Nothing this month
- For 401K cash fund, my investment plan is in the following order…have not used it yet….waiting for the market to go down more.
- Dividend growth fund or
- US large cap equity fund or
- US total market fund
- Investments in taxable accounts
- Miscellaneous
- Nothing special.