New Goals for 2024
I am goal-driven. So, having a goal to be “fully invested” was a driving force behind this blog. But now, I am fully invested. Whatever cash I have in various accounts is not much of a drag on my portfolio returns and provides me the security blanket I need to handle whatever comes my way – usually taxes.
But with only 15% in cash (or money market funds) in the most recent analysis, I guess I am there. Goal achieved. Mission accomplished.
I am fully invested.
And my actual returns for 2023, which are surprisingly difficult to calculate, are something above 10%. While the S&P 500 did 23%, I am not trying to match the S&P (nor beat it). My goals are consistency and low volatility while ensuring I beat inflation.
I am also at the level where I could live off my investments forever. What they call “financially independent”.
So, with that in mind, what will my new goals for 2024 be?
- The more money I have, the less I need in cash. Try to push ALL available cash into, at least, interest-earning investments.
- Continue to beat inflation. A modest 5%-8% return on investment goal.
- Consider investing in real estate, such as a vacation property or condo in another city.
- Don’t overtrade. Trading causes taxes.
I am not sure if those are all great goals, but truthfully, I’ve reached my goals. So the new ones will be less dramatic.
