Your simple investing approach seems well thought out and your goals are totally achievable. You should have no problem reaching your passive income targets, especially if your companies keep increasing their dividends between now and the date that you want to begin spending them. But even if you aren't quite there income-wise at that time, your fall back plan of reallocating some of your significant accumulated capital into higher yielding companies will get you there.
Thanks Ron! It was actually quite refreshing to write my investing plan out in this post. Sometimes we get caught up in the day to day nuances of our portfolios and lose sight of the long-term plan. I would actually encourage most people to write their plan out as simply as they can. When you feel overwhelmed by what the market is doing you can just look at your plan, zoom out and focus on finding opportunities instead of worrying. Hope you're having a great time in SA!
Your simple investing approach seems well thought out and your goals are totally achievable. You should have no problem reaching your passive income targets, especially if your companies keep increasing their dividends between now and the date that you want to begin spending them. But even if you aren't quite there income-wise at that time, your fall back plan of reallocating some of your significant accumulated capital into higher yielding companies will get you there.
Thanks Ron! It was actually quite refreshing to write my investing plan out in this post. Sometimes we get caught up in the day to day nuances of our portfolios and lose sight of the long-term plan. I would actually encourage most people to write their plan out as simply as they can. When you feel overwhelmed by what the market is doing you can just look at your plan, zoom out and focus on finding opportunities instead of worrying. Hope you're having a great time in SA!