Today my portfolio's value reached $50,000 for the very first time, closing at $50,018.39. I am pleased that I was able to achieve this milestone about one month sooner than expected. The recent surge in my portfolio's value is attributable to the following three sources (in order from largest to smallest contribution): investment of new capital from savings, capital gains from stock appreciation, and dividends. Given that my portfolio started the year at $42,830.02, in less than three months its value has increased by 16.8%.
The next milestone for my portfolio's value is $60,000, which I hope to reach later this year. At the end of this month I will be achieving another milestone of a different sort, so stay tuned for that announcement.
Congrats man! I crossed over that mark not long ago myself, you're catching up!
ReplyDeleteIt feels good to hit that mark. Although it's just a number, it was kind of symbolic for me. It showed me that this whole "live below my means and invest in DG stocks thing" is working.
Keep going man. I hope we continue to keep each other inspired.
NSC really jumped today, btw.
Best wishes!
Hi Dividend Mantra,
DeleteThanks! I know you recently hit $60,000, so we are both making great progress. It may just be a number, but it does represent another yardstick by which we can measure our investing successes.
All the railroads had nice rallies today (too bad I don't own CSX; it went up 8.5%!). I was able to identify two possible reasons for the action: (1) an industry analyst said that investors overreacted to the weaker coal demand this year; and (2) the CFO of CSX said that the decrease in coal shipping has been more than offset by increases in other areas (e.g., petroleum, chemicals, automobiles). No doubt that's why CSX saw the biggest jump today. However, my quick action to buy UNP on the 4% dip last week has already given me a 7% capital gain, which is nice.
I think if we keep doing what we're doing, we'll continue to reach bigger and better milestones!
Cheers,
Deedubs
Congratulations! I expect to hit the 50k mark in 2015 so I have a long way to go.
ReplyDeleteKeep up the great work. For a newcomer/ beginner like me to read about the success of others gives me much hope
Hi Investment Road to Freedom,
DeleteThanks for your support! One of my reasons for starting this blog was to share my investing experience with others, so I'm glad to hear that it gives you hope. I look forward to reading about your investing experience on your blog. I find that blogging is a great way to support and learn from each other.
Cheers,
Deedubs
Congrats Man. I expect to hit 50k sometime later this year. It will be mostly due to adding new capital from savings. I keep waiting for that market correction that doesn't come to buy some new positions. Also reading your blog and a few others have inspired me to start one of my own. It's a long way from being finished but it's more of a way to chronicle my achievements on my way to retirement.
ReplyDeleteHi austinbroker,
DeleteThanks! I just checked out your blog and you have a nice portfolio. It certainly looks like you're on track to reach 50k later this year. It's refreshing to see a lot of blogs popping up from like-minded investors of similar ages. Best wishes with your blogging and investing!
Cheers,
Deedubs
Congrats Deedubs!! That is great news. Those milestones keep us motivated to keep going. Looking forward to your next update and the other milestone you are about to reach.
ReplyDeleteHi Stoic,
DeleteMilestones do indeed keep us motivated because they show we are making progress. Thanks for your support!
Cheers,
Deedubs
Congratulations D. You're on a tear this year!
ReplyDeleteHi Compounding Income,
DeleteThanks! This year has started out quite well, so I hope the rest of the year is good to me.
Cheers,
Deedubs