A couple of days ago I posted my long overdue net worth update, but as you all know building a huge asset portfolio is not the main goal here. First and foremost I want to achieve a sustainable and passive income stream through dividends rather than a quickly appreciating list of assets. So let’s see how I’ve been doing on that front for the second half of 2016 and let’s set an income goal for 2017!
Dividend income, it’s amazing! Seriously, as I progress further and further in my financial independence journey I become increasinly convinced that dividend income is what keeps me on course. Monthly savings differ and stock prices love irrational ups and downs, but dividends from established businesses are something you can count on – month after month. They’ve kept my eye on the ball in the past two years.
May is undeniably the preferred month for European dividend growth investors. With most European companies paying a dividend just once in the year, May feels like Christmas during spring time. Our income charts see a strong spike upwards and so does our investor’s spirit.
A couple of days ago I wrote that the value of my dividend growth portfolio isn’t all that important on the road to financial independence because I’m focussed on building passive income rather than capital. So why don’t we take a look at that income? More specifically, let’s see what March and April brought in terms of dividends?
Finally, a dividend update! Some of you thought I had thrown in the towel due to the lack of updates here, but nothing could be further from the truth. Financial independence through dividend growth investing remains one of my main goals even though I may take a detour once in a while.