2017 is over, and although it seems like it went by extremely fast, I am excited by what was accomplished, and what 2018 has in store for us.
In 2017 the following 3 things happened which shaped the way the year went for me:
- My son Isaac was born
- Bought our “forever” home
- Started this blog to help track my goals, progress and keep me sane
One of my first blog posts I wrote was my goals for 2017, and although I didn’t accomplish all of them, considering I only had 6 months since writing them down I think I did okay. Here is a quick reminder of what they were – and how I did:
Personal Goals (Completed 4/5)
- Start setting goals! PASS
- Sell our house & buy a new house PASS
- Start a website & keep it updated PASS
- Spend more time at home/with family PASS
- Try 5 new restaurants (with Amber) FAIL
Oddly enough, the only goal I wasn’t able to accomplish was what would SEEM like one of the easiest. That said there were multiple times that I did try to get out to new places, a lot of the time she was just too tired, we couldn’t get a sitter, etc. I guess in 2018 I’ll need to try a bit harder.
Financial Goals (Completed 2/3)
- Get Amber “set up” financially PASS
- Eliminate all debt (not including mortgage) PASS
- Get total portfolio Value to $320,000 by December 31 FAIL
2018 was a pretty good year for the portfolio, and I believe I would have hit all three targets if we hadn’t spent a bit more on the house than we had originally planned. That said, we love the house and I have no regrets.
Even though my portfolio fell short of the aggressive $320,000 goal I had set, I did hit a new milestone in 2017 as my portfolio finished the year at $301,375.67 which was the first time it broke $300,000! My portfolio started the year @ $251,880.81 which means I was about 500 dollars away from a yearly increase of $50,000!
My goals for 2018 are going to be short and sweet:
2018 Personal Goals:
- Increase the amount of blog posts – and the range of content on this site
- Get life insurance & a will in order
- Take the wife to 5 new restaurants (Going to try this again)
2018 Financial Goals:
- Sell off my Mutual funds through my bank and replace them with low cost ETF’s and individual stocks
- Receive $10,000 in passive dividend income
- Increase overall portfolio to $350,000.00
Now onto the fun stuff….December Update:
Personal Highlights for December:
- Celebrated our first Christmas with Isaac
- Hosted our first ever Christmas Family dinners (40+ people on xmas eve and 30 on Boxing Day).
- The kids got RIDICULOUSLY spoiled, our house is filled with toys, books, clothes, and more. We plan on going through a bunch of their old toys, clothes, and donating this month.
- Isaac has started pulling himself up on the table, and got his first 2 teeth
- Total investment portfolio broke the $300,000.00 milestone
- Amber’s TFSA recieved over $100 in dividends for the first time and also recieved more than my TFSA for the first time.
- Continued bi weekly payments into RRSPs & Spousal RSP.
- Amber’s TFSA/RRSP are now over $20,500. (They didn’t exist 6 months ago)
Passive Income Update For December 2017.
Diversified Royalty: $9.03 (Dripped 2 new shares)
Lucara Diamond: $7.00 (have since closed this position)
Artis Reit: $49.59 (Dripped 3 new shares)
Plaza Reit: $24.62 (Dripped 6 new shares)
Chorus Aviation: $10.76 (Dripped 1 share)
Intertape Polymer: $49.49
Alimentation Couche Tard: $11.25
TOTAL TFSA’S: $202.59
Canadian Equity Income Distribution: $213.01
Global Dividend Fund Distribution: $422.33
Total Passive Income July 2017: $837.93
With the contributions to Amber’s TFSA, my continued bi weekly contributions and this seemingly never-ending bull market our portfolio hit an all time high: $301,375.67! Looking forward to see what 2018 brings!
6 thoughts on “Goodbye 2017. Final 2017 Update, Milestones & 2018 Goals…”
Looks like a fantastic 2017 for you and your family. I think you will be very happy once you get rid of those mutual funds. All the best in 2018 buddy, can’t wait to read your 2018 journey. Happy dividend collecting 🙂
Seems like a great yr. Congrats on hitting a 300k portfolio. Thats impressive itself! Seem like some nice goals for 2018. Go get em!
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300k in stocks in amazing mate! Congrats! Switching to ETFs is a very good move. Do you have access to admiral or institutional funds?
Last I spoke with my bank I did have access to them…they want to set up a meeting to discuss with me – though I am still leaning towards owning individual stocks. I’ll probably take the meeting and see what they offer first though…
Congrats on hitting the 300K portfolio value. That’s an incredible milestone! Can’t wait to see how it will work out for you in 2018! Best of luck!
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