2019 Year-End Summary
2019 was another great year for investments and life in general. It was the first full calendar year of marriage, the first full year of being a partner at my work, and the year my wife and I bought land and a house.
The bull market continued through the end of 2019, finalizing the decade of 2010 as one of the best performing bull markets of all time. Fortunately, I am very invested in stocks so percentage-wise my portfolio did great.
While I would actually love to see a temporary downturn in order to buy more stocks at a discount, I’ll take what I can get. The bull market has been great in that I was able to diversify from stocks and use some of that money to fund private investments and to pay down the mortgage on the house/land.
Dividend income for 2019: $11,833.66 (up from $10,408.28 in 2018)
Option income for 2019: $0.00 (the year was so busy that I did not have time to manage any option strategies)
As you can see, the annual dividend growth has slowed. More than anything, this has been due to the fact that I have now roughly $386,000 in non-dividend paying assets, which doesn’t even include the downpayment on the house. Just investing that amount alone in dividend paying stocks averaging 3% would add over $11,500 a year in dividends, bringing me up over $20,000/year. Why wouldn’t I do this? I believe the potential for these private investments should in the long run easily outperform the relatively small gains from investing solely in dividend paying stocks.
I’ll be writing up a post soon on the outlook for 2020. We have been saving up a bunch for the mortgage as well as private investments, but will soon again begin allocating each month to stock investments. Some will be dividend-focused, while others will not.
2020 will hopefully be another year full of other fun “firsts.”