The Investment Road to Freedom

February 12th, 2012 at 5:43 pm


in: Goals

So with a new adventure journey that I embark upon with my blog I think it is only fitting to set my goals for 2012. As this is basically my first year of investing at the age of 34 (save for 1 month in 2011) I’m not 100% sure if these goals are achievable or if I will actually overachieve. I’ve spent the best part of 2 years reading books and blogs like the ones in my blogroll section getting myself ready. Now I may well completely suck at this investing thing and only time will tell but I am a confident guy and when I start a new voyage I devote my all to making it work.

So goals for 2012


  • Start a blog DONE

Quite clearly the easiest of my goals for the year and probably the most important. will be a library for all my investment mistakes and successes over the years as I hopefully reach the ultimate goal of retiring at 59 or before. I’m happy with my blog template that I have and trying to not get to lost in all the widgets, plug-ins, editors and different feeds.

  • Hit the 5 figure mark for the first time

OK now we talking. As I read over the different blogs listed in my blogroll section it can be make my journey a daunting task when I see them with fund values that seem a million miles off for me. I’m currently in the 5 to 6K range but I know I’m at the beginning. This is week 1 of many. When 2012 is done I am 100% certain that I will reach the $10,000 mark and by my calculations I should hit this in July.

  •  Reach $12000 total fund value

If I can reach this mark then my first year of will have seen the fund value increase 118.5%!!! I feel this is an achievable goal and will lead me into 2013 with a strong base.

  • Pay of car. $4367 to go as of February 12th

I purchased this car in September 2008 after moving from Great Britain and after refinancing last year to a rate of 4.49% have been able to pay down a lot. My monthly payment is $185 but I am making over-payments each month to get this loan done. I really want this car paid this year.

  • Receive $100 in dividend income ($0 as of February 12th)

Being new to dividend income I really have no idea if I will reach this target. I’m currently sitting at $0 but I know that number will increase as my holding do.

  • Receive $200 in options income ($39.02 as of February 12th)

I really became aware of covered calls when I read Alan Ellman’s books and quickly got myself up to speed on this new investment tool. Again first year not really sure how well I will do but I feel confident I can come close to this amount.

It will be interesting to visit this page come the end of the year and see how I did!


  • MySavingStyle
    6:03 pm on February 12th, 2012 1

    I think your goals are great, also your website looks really good too. I have zero experience with web design, so my template is minimal wordpress. Thanks for linking my site.

    Everyone starts somewhere, try not to compare yourself (too much) to others. I look to others for inspiration and education, everything should be kept in perspective, as every person has their own unique situation.

    I have basically been investing since 2010 on my own (I don’t really count my 401k) I just started with $2000.00. Investing is addictive. The money has to come from somewhere. It’s important to be on the same page as your spouse. My husband is very supportive. Recently as we were planning a cruise trip (I wanted to spring for a balcony room, he did not) my husband told me I could invest the difference. Now we are both happy, and I won’t complain one bit about the interior room. Just an example of where to cut here and there. It’s all about choices. Enjoy the journey.

    7:35 pm on February 12th, 2012 2

    Thanks MySavingStyle.
    Investing is addictive and exciting to know that you are taking control of your life.

  • Dividend Mantra
    6:04 pm on February 13th, 2012 3

    Every journey starts somewhere. You’re doing a great job listing down your goals and you’ve made them realistic, challenging and measurable. Good luck for your 2012!

    7:50 pm on February 13th, 2012 4

    Thanks DM. I really appreciate the comments and you stopping by my blog. Your site is a huge inspiration to many.

  • The Stoic
    10:23 pm on February 15th, 2012 5

    Congrats on starting your blog and starting your investment journey. I’m only one year into the investing experiment and I can tell you that you will learn more from actually doing it then you ever will from reading. I’m not saying your prep work wasn’t worth the time. I love to read and have spent a lot of time studying and trying to increase my understanding, but I think a person learns a lot by doing. You can guess what your risk tolerance is, but until you have watched your portfolio decline you really don’t know. Can you buy when the markets are declining and everyone is running around screaming the sky is falling? Again, only until you have your hard earned money on the line can you say for sure how you will act.

    Don’t let your mistakes worry you to much. Expect that you may lose money. If you can learn from the mistake then it may have been worth the price.

    Looking forward to watching your progress!

    7:57 am on February 16th, 2012 6

    Thanks The Stoic. Looking back I wish I just jumped in feet first. You hear the stories of people wasting away their wealth in the investment world due to market conditions, bad decisions, etc and I wanted to make sure I was well prepared. But I kept putting it off saying to myself if I just get this little bit more knowledge it will pay off in the long run. My paper trading was doing very well but this lacked a very important factor – emotion. It was not my money I was playing with. This kept continuing till eventually I just said enough and signed up to Optionsxpress and got going.

    I still read investment books and the blogs of my peers looking for that little bit more. My last book I read concentrated on exit strategies for covered calls, which along with dividend stocks are going to be my main focus. But now I am not scared of the investment world. Cautious yes! But not scared :)

    Thanks for reading and I look forward to following your journey on your blog