When we started this blog a year ago, we started with around $28,000 in savings and $46,000 in investments, totaling to $74,000.
Now, after 1 year of regularly saving and investing, we currently have around $50,000 in savings and around $77,000 in investments, which combines to $127,000.
What this means is that within just 1 year, we’ve increased our savings/investments by 70%! It is incredible how putting a small amount of money every month can balloon up to quite a large amount.
As for dividends, we received $42.93 back in Jan 2022. In Dec 2022, we received $259.87! We’ve increased our dividend amount little by little over the year. For the whole year, we got $1,606.49 in dividends.
We started 2022 with about 24 holdings in our investment accounts. As we learn more about these companies and how to better evaluate them, we’ve reallocated the money to around 17 holdings. This number could change as we learn more about what these companies do and if their fundamentals change.
Currently, our top 5 holdings are Starbucks (12.64%), T Rowe Price (11.36%), Blackrock, (10.13%), Taiwan Semiconductor Manufacturing Company (9.96%), and Texas Instruments (9.10%). This will change as we invest more into our other positions that might be more undervalued. But overall, we’re not concerned that more than 50% of our money is invested in these companies because these are strong companies with good business models and fundamentals.
As far as our plan going into 2023, it will stay the same: invest in quality companies with as much money as we can possibly afford and increase our dividend along the way. This may sound boring, but it’s served us well in 2022, and we plan to keep it that way.
Thanks so much!