01-04-2018, 12:02 AM
You'll definitely get the snowball rolling with an additional $2000 per month + the reinvested dividends.
Few things to think about:
-40 companies is a lot to follow. Assuming that you read all the quarterly reports etc, that would be 160 reports to go through per year... or 3 each week. And as you know they tend to focus around a certain timeframe so you'll be busy keeping up. But this is of course something that you can adjust to as you go along.
-If the plan is to live off the dividends at some point, then you need to keep some sort of a balance when it comes to the currencies. If your living expenses are in Euro but the majority of income is in USD, that can create problems. Or it can go the other way and then you'll be smiling, but we never know. This too, is something that you don't need to worry about now but it's something to think about in the long run.
Few things to think about:
-40 companies is a lot to follow. Assuming that you read all the quarterly reports etc, that would be 160 reports to go through per year... or 3 each week. And as you know they tend to focus around a certain timeframe so you'll be busy keeping up. But this is of course something that you can adjust to as you go along.
-If the plan is to live off the dividends at some point, then you need to keep some sort of a balance when it comes to the currencies. If your living expenses are in Euro but the majority of income is in USD, that can create problems. Or it can go the other way and then you'll be smiling, but we never know. This too, is something that you don't need to worry about now but it's something to think about in the long run.