Goals Have Become Challenging

01 Feb 2014 17:02

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It is amazing how thing change in just a month. First off I can officially say I am now part of the sandwich generation. Recently (and unfortunately) my aging in-laws require care that my wife needs to provide on a daily basis and top it off the oldest of my three children is only two years away from college.

At my place of employment one of my fears came true in that there will be no annual bonuses this March. I was really counting on that to meet my investing goal $6K of new stock purchases. My wife could get a full or even part-time job to compensate but that commitment would take away from the time she cares for her parents of which I will not deny her that. We will just have to dig a little deeper to figure out how to fund the goal.

Speaking of goals January was not polite overall. With the markets down it places both my 401K & IRA behind the curve. There are still 11 months left in the year so still time to recover. On the positive side my efforts at the start of the year to reestablish a 10% cash position in both funds has limited the downside.

On the dividend growth side I neither purchased nor sold any stocks but have accumulated $2K in cash for future purchases. Dividend payouts remained steady with no decreases but expect increase announcements starting in February. My expectations for dividends & growth was the only goal meeting my expectations and further reinforces how steady a DGI portfolio can make ones financial efforts.

Though I never buy stocks in the first month of a new year I am seeing buying opportunities with the recent market pullbacks. As of today I see buying opportunities with General Mills (GIS), McDonalds (MCD), HCP Inc. (HCP), Proctor & Gamble (PG), Dr. Pepper Snapple (DPS), Chevron (CVX), and Ensco plc (ESV). If prices continue to drop I see even more with Cummings (CMI), Coca-Cola (KO), Johnson & Johnson (JNJ), and Target, (TG).

While it looks like a tough start to the year for the overall market I definitely see DGI opportunities that meet my long term goals. If January is any indicator for the remainder of the year then 2014 may be a great opportunity for investing. Now I just need to dig deep and find opportunities to unlock some money to invest.


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