01-13-2016, 11:28 AM
Welcome. Glad to see yet another young person joining us, it's best to start early!
One thing I would like to correct you on though. You said that everything seems to be on sale... well yeah it looks like that when looking at the past few months or a year but when you take a look over a longer timeframe you will see that a lot of the numbers don't seem that cheap afterall. Sure there are some good ones but in general the P/E doesn't seem to be that cheap compared with historical P/E numbers. Most of us tend to buy a little all the time but of course be careful not to spend too much right now because it looks cheap.
I started when I was 23 and been doing this a few years now. I didn't have as much as $2k per month to invest so you can expect your dividends to grow a little faster than mine did. Here is how it went for me.
2012: 111.60 euros
2013: 993.47 euros
2014: 1557.78 euros
2015: 1783.10 euros
2016: estimate is around 2100 euros.
All of that is before taxes. So as you can see it goes up, you will probably manage it faster than I did as you have more capital to invest but that should give you some example of what it can look like.
Good luck with it and keep us updated!
One thing I would like to correct you on though. You said that everything seems to be on sale... well yeah it looks like that when looking at the past few months or a year but when you take a look over a longer timeframe you will see that a lot of the numbers don't seem that cheap afterall. Sure there are some good ones but in general the P/E doesn't seem to be that cheap compared with historical P/E numbers. Most of us tend to buy a little all the time but of course be careful not to spend too much right now because it looks cheap.
I started when I was 23 and been doing this a few years now. I didn't have as much as $2k per month to invest so you can expect your dividends to grow a little faster than mine did. Here is how it went for me.
2012: 111.60 euros
2013: 993.47 euros
2014: 1557.78 euros
2015: 1783.10 euros
2016: estimate is around 2100 euros.
All of that is before taxes. So as you can see it goes up, you will probably manage it faster than I did as you have more capital to invest but that should give you some example of what it can look like.
Good luck with it and keep us updated!