Sticking to the plan until the end: the 100 000$ investment goal in review

In date of January 9, its official, I own 65 897.03$ in valuable assets. Kind of cool, but no early retirement plan still on the go. Early retirement is definitely appealing, but until I can get there, if only I can, we have to go through multiple stages. We reach the 50 000$ this summer. And on date of January 9, 2010, we have exceed 65 000$. And we are not done! Still a lot is going on, still project on the go and new adventures coming on lol.

One of those project is to reach 100 000$ in assets. Just like for my dividend income, I may review this 100 000$ goal from time to time...

The 100 000$ goal in review

100 000$ goal – current assets 65 897.03$ = 34 102.97$

This may sound a bit strange, but I am actually waiting for my next paycheck to purchase 100 units of Davis + Henderson Income Fund (DHF.UN). This new investment that I will make on Friday will add around 900$ to the current 65 897.03$ that I currently own:

34 102.97$ - 900$ = 33 202.97$

33 202.97$ - 2010 annual dividend of 3 047.19$

= 30 155.78$

I plan to invest 2 000$ per month for the period February to December 2010:

30 155.78$ - (2 000$ x 11 months) = 8 155.78$ left to reach the 100 000$ in assets.

From my new investments of the period February-December 2010, I will probably be able to earn around 2 500$ in dividend (if not more, but it could be difficult). An extra 2 500$ in dividend income add to the current 3 047.19$ seem quite realistic.

8 155.78$ - 2 500$ = 5 655.78$

Only missing 5 655.78$ left in order to reach the 100 000$ in assets. Will I be able to make it?

100 000$ - 5 655.78$ = 94 344.22$

Let’s calculate an increase of 6% for this 94 344.22$ assets… A 6% return is quite possible and realistic….

94 344.22$ x 6% = 5 660.65$

94 344.22$ + 5 660.65$ = 100 004.87$

Conclusion: The 100 000$ goal of mine is achievable.