What the hell happened to May??? Does anyone else find it weird that we're already into June?
Well either way, it's the end of another month and I can now look back and assess how successful it was for me. I can give myself some credit for the good decisions I've made and review any areas I could have improved on to help make better future decisions.
I'm primarily a Dividend Growth Investor so I'm more concerned with how much I receive on a monthly basis in dividends. However, I want to keep track of the value of my portfolio as I go through this process. I think it will help motivate me to see the growth of my total pot. Especially if I can see a steady increase every month (fingers crossed!).
It will help me keep track of the market as a whole. Rather than singling out top performers, I can see how my shares performing as a whole.
I've found that recording data has helped to motivate me to improve my performance. This has been the case for me recording my workouts, my investments, and more recently my income and expenditure.
One of my goals for 2014 is to have a portfolio value worth £12,000. I will report what my portfolio is worth at the start of every month so I can see how I'm progressing towards this goal.
May was a solid month for me. I bought shares in Vodafone, and some of the companies within my portfolio made some nice increases in value. A couple of companies declined in price over the month but overall the portfolio rose. At the end of April 2014 my portfolio value was £10,690.02. At the end of May my portfolio value is now worth £11,959.94, which is a £1,269.92 (11.9%) increase in a month.
As I mentioned at the top of the post, I have a Goal to have a portfolio value of over £12,000 by the end of 2014. I'm now only £40.06 away from that Goal with 7 months to go. I could hit this target through daily fluctuations this month, but I should make sure of it with my June dividend payments, which are scheduled to be my biggest yet!
I mentioned in my April Portfolio update, I'm more likely to be closer to £15,000 by the end of the year, so WHEN I hit the £12k Target, I will try and push on for £15k.
Thank you for reading!
How was May for you? Are you on track to hit your Goals this year?
Labels: Portfolio Update