Now that the recap of my 2016 goals is complete, I can get around to discussing goals for 2017.
Goals for 2017:
1) Retirement Accounts.
As always it is best to invest fully and as early as possible into tax advantaged accounts. This goal is to max out my Roth IRA as soon as I can. Last I did last year, this will involve first contributing into a non-deductible traditional IRA and then doing a conversion into a Roth.
2) Receive $7000 a year in dividends.
This may be kind of a stretch. I’m currently receiving $5400 a year. At a 3% yield I’ll have to invest a little over $53,000 to bring my current dividends up to the goal level. Investing this much over the course of a year shouldn’t be a problem. The problem will investing it soon enough in order to receive the dividends in 2017. I’ll definitely get up to $7000 a year in 12-twelve month forward dividends.
3) Get $3000 this year in options income.
In 2016 I received $1125 and that was only in 3 months. If I can meet this goal and the dividend goal, I’ll have generated $10,000 in 2017 in passive income.
4) Improve Two Investing layout and content.
While I’m not going to be changing the site’s theme, I am getting my brother to help with designing a site title and logo. One of these changes can already be seen in my gravatar icon when I comment. But, there will be more similar changes on the way.
Additionally, I’m hoping to write a minimum of three posts a month. It’s been difficult keeping the content fresh with the challenges of a new job. But, the job also has afforded me the ability to invest more in stocks and trade options each month. This alone will allow me to write quite a few new posts. I’m also looking forward to continuing my educational series on options trading.
5) Invest at least $10,000 in smaller cap growth companies.
From a capital gains perspective, my growth investments have done great. While I still want the majority of my portfolio to be dividend oriented, ultimately it all comes down to total growth, be it from dividends or capital gains. And, in some respects, capital gains may be even the most tax advantageous since the taxes are only paid once by the company and then delayed by the investor until he sells. Dividends, meanwhile, are taxed at a good tax rate but are still taxed each year.