tag:blogger.com,1999:blog-2887408586168605394.post1270772295723331245..comments2022-10-22T10:08:59.187+01:00Comments on The Dividend Drive: "Work Freedom Day"--A New Way to Chase Your Financial Independence "Crossover Point"?Ahren Lesterhttp://www.blogger.com/profile/10131811751957847395noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-2887408586168605394.post-33278463634577741622016-07-21T22:45:06.469+01:002016-07-21T22:45:06.469+01:00Thanks for the great content, and fantastic calcul...Thanks for the great content, and fantastic calculation strategy I've not seen this approach before and spent the past two hours creating various situations to input. Cora @ The Mini Millionairehttp://www.theminimillionaire.comnoreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-33018958750712253052015-03-25T11:40:35.651+00:002015-03-25T11:40:35.651+00:00Haha, thank goodness for employment then! I like t...Haha, thank goodness for employment then! I like the occasional beans on toast but not for 9 months!<br /><br />How long has it taken you to get to the stage you are at now? Ideally, I would like to get to about 2 months of my expenses by the end of 2016 (about £1600). That is both a challenge but achievable!<br /><br />Barclays is by far the least favourite bank in my portfolio despite the size of the holding. It was one of my first purchases and I would not have bought it today (or at least not in its current size). <br /><br />At the time I sort of expected Jenkins to sell the investment bank. As a retail-only operation I think it is still very appealing (and more reliable).<br /><br />That is quite a nice amount of overlapping. <br /><br />Do you sell often? I am unsure whether I am willing to jump in and out with some stocks. I was quite tempted, for instance, to do so with SSE when it was riding high and with the clear headwinds it was to face. However, I decided to sit still and hold. <br /><br />I think my temperament is better suited to a simple buy and hold strategy but, rather like my early growth experiments, I am willing to experiment early on to find my natural investing niche!Dividend Drivehttp://dividend-drive.blogspot.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-92190291496856401642015-03-25T09:49:29.555+00:002015-03-25T09:49:29.555+00:00Yes I've run out of dividends for this year, s...Yes I've run out of dividends for this year, so if I didn't work it would be beans on toast for the remaining 9 months! But if I can double dividends twice in the next decade that will more or less do it.<br /><br />As for portfolio differences, there are a few. Barclays for example, missed some dividends and I don't invest in companies that have missed dividends for a full year in the last decade. It's just a rule I have and obviously doesn't say anything about the merits or not of investing in Barclays.<br /><br />But other than that there are six stocks overlapping, but quite a few more that I might buy soon or have sold recently (and could buy again if the price drops).<br /><br />JohnJohnhttps://www.blogger.com/profile/10395199250560918083noreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-75798974138675831702015-03-23T11:03:34.864+00:002015-03-23T11:03:34.864+00:00Thanks! Glad you liked it. Exactly, this is what I...Thanks! Glad you liked it. Exactly, this is what I like about it. It allows you to make progress from two angles which can only surely increase your speed (you may note I included a new quote at the top to fit in with this!).<br /><br />Yes, my apologies. It does seem to show the correct year. I don't know where I got that wrong from. I have duly updated the text above!<br /><br />As soon as I read the "Work Freedom Post" of your I immediately thought of the crossover point idea and how useful it would be. Counting forward also has the benefit of--when you reach the crossover point--being able to continue without issue! You just go further into the future and the next year!<br /><br />It is certainly more motivational than a flat percentage, I think. It reminds me of the power of the "natural frequency" in data analysis. If you can make it more directly relevant to the individual it is much clearer and (in this case) more motivating!<br /><br />I now just have to work it into my goals for the year...<br /><br />Thanks again or the fascinating original post. I look forward to being inspired by your next!Dividend Drivehttp://dividend-drive.blogspot.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-6290994102934213252015-03-21T15:48:53.077+00:002015-03-21T15:48:53.077+00:00Hi DD,
Great post and not only because it mention...Hi DD,<br /><br />Great post and not only because it mentions my original article! :) You highlighted the important point that decreasing your living expenses is another way of moving the needle in the right direction.<br /><br />I think my original calculator shows a date from the current year - at least it shows 2015 dates when I tried it just now. I'm not sure what I'm missing there - could you let me know so I can look into it please?<br /><br />I hadn't thought about the crossover point so counting forward may help some people and that's the most important thing. I suppose that the date would be the same (middle day of the year) regardless if you're counting forward or backward.<br /><br />However you look at it, it's certainly a more tangible result than "Yay - I achieved 53.4% of my living expenses!". Any idea that motivates people to save and work towards financial independence is a great thing in my opinion, so thank you for expanding on this topic!<br /><br />Best wishes,<br />-DL<br /><br />Dividend Lifehttp://dividendlife.comnoreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-8924160913793450502015-03-19T12:13:26.612+00:002015-03-19T12:13:26.612+00:00I agree in that regard. It would be a really nice ...I agree in that regard. It would be a really nice feeling to be able to consider yourself paid off for the rest of the year (especially as even at the start of your journey it will occur sometime around Christmas/New Year!).<br /><br />As a motivator by itself from the end of the year may work better. But as a marker of the "crossover point" I think starting from 1 January is better. Depends on what you want it to do I suppose!<br /><br />The idea of Dividend Life itself is great no matter what you do with it!<br /><br />Maybe the simplest way is merely to work out how many days you have earned. Then depending on whim you can go forwards or backwards!<br /><br />Thanks for that. I thought that may be the case, but I was unable to see that option when I viewed it whilst logged off of my own account so I worried I needed to adjust something for it to work!Dividend Drivehttp://dividend-drive.blogspot.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-84770934721562733792015-03-19T11:44:14.253+00:002015-03-19T11:44:14.253+00:00Hi DD.
For me, I don't mind it being from th...Hi DD. <br /><br />For me, I don't mind it being from the end of year and counting backwards - I just think of it as 'yessss, I can take the rest of the year off!'<br /><br />Also, for google users, they can 'file, save a copy' for the spreadsheet<br /><br />CheersAnonymoushttps://www.blogger.com/profile/02211603066889425953noreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-66179427571654998442015-03-18T12:59:36.832+00:002015-03-18T12:59:36.832+00:00I agree. I think when it comes to tracking your pr...I agree. I think when it comes to tracking your progress, chasing yourself along the calendar works better than tracking back from the end of the year. Once I get a moment I will do the maths to get it all rigged up so it automatically works it out!<br /><br />Do you mean you have only just overtaken your dividend freedom date in real time recently? That is still pretty impressive. As you say, a long way to go, but it sounds as though you have made good progress. My pace will pick up substantially from this month onwards but I will be well behind my crossover! Still, I am overwhelmingly happy with my progress so far.<br /><br />I am not looking to retire early either to be honest. But I'd rather be in the position to have that options and--more importantly--be able to feel secure no matter whether in employment or not!<br /><br />Interesting we have quite a bit of portfolio overlap. Which ones stand out as different between our two? Anything in particular?<br /><br />Dividend Drivehttp://dividend-drive.blogspot.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-67319938341754331052015-03-18T12:41:58.703+00:002015-03-18T12:41:58.703+00:00Hi TDD, this is a nice idea. I think I prefer to h...Hi TDD, this is a nice idea. I think I prefer to have the dividend "freedom" point starting from Jan 1st, so that I can see it filling up the year. Personally I have just passed my dividend freedom date, so I have a good way to go yet. I'm not especially looking to "retire" early but the theoretical independence would be nice.<br /><br />Also like the look of your portfolio, it's pretty similar to my own so will be interesting to see how they do over a period of years.UK Value Investorhttp://www.ukvalueinvestor.comnoreply@blogger.com