Happy New Year, everyone! I can't believe 2011 is over already. It seems like yesterday that we moved into our new house and had to carry two mortgages! I hope 2012 will be a year full of joy and happiness for each and everyone. As an investor, a new year means new opportunities and perhaps more dividend increases to look forward to.
When I first started out a few years ago, I didn't know very much about investing at all. After reading about investing as much as I could, I'm very happy to have found an investment strategy that works for me and doesn't require very much time at all. I've learned many things from my mentor Think Dividends and from following Tom Connolly and his report to give me confidence in my investment decisions. Each dividend increase I receive only reinforces the fact that investing in dividend stocks is a winning strategy.
After looking back through some of my spreadsheets, I see that my initial dividend income for 2010 was $2696. By the end of the year, it had already grown to $2758 from dividend increases alone. After re-investing those dividends and regular matched contributions from my employer, and maxing out my TFSA, the dividend income I expect to earn heading into 2012 is $4149. Just think about my co-workers who haven't signed up for the contribution matching after working there for over 5 years; I'm pretty sure they would be kicking themselves if they took the time to figure it out.
Here's to a great new year and to new opportunities!
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