Re-investing dividends is not a Get Rich Quick Plan but more like watching grass grow.
I expect to beat the 2024 year end target of 9k, although not guaranteed.
If we carry this figure forward, compounding at 7% next year’s target will be
(2025) £9,630 and the following year the target will be
(2026) £9,674
All baby steps, although this would equal the plan’s target for year end 2028.
Hopefully the target could be beat as the current portfolio’s blended yield is 11% but that depends heavily on future markets so is not a fcast.
9k compounded at 11% for 2 years equals 11k, possible but not likely.
The ten year plan is still to provide a ‘pension’ of 14-16k pa.
GL
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