Long-Term Return (CAGR) = Initial Yield + Dividend Growth Rate
Very funny indeed !
Please share if you have any of your own. Take care.
Hi,"My goal is to reach $80,000 in annual dividends by the time I am 55, which leaves me with 21 years to buy cheap and keep."How far are you away from this aim?I started to live off dividends at the age of 27 but I don't need 80k per year. I plan to double my dividends every 5 to 10 years.
Hi Tom,I've still got a long way to go. My forward 12-month dividends currently stand at $4,118. My math shows that I should be able to achieve $80,000 in dividends by investing between $12,000 and $15,000 a year for the next 21 years.Living off dividends must be fantastic. Congrats!Thanks for stopping by.