Goodbye 2017. Final 2017 Update, Milestones & 2018 Goals…

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:

  1. My son Isaac was born
  2. Bought our “forever” home
  3. 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)

  1. Start setting goals! PASS
  2. Sell our house & buy a new house PASS
  3. Start a website & keep it updated PASS
  4. Spend more time at home/with family PASS
  5. 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)

  1. Get Amber “set up” financially PASS
  2. Eliminate all debt (not including mortgage) PASS
  3. 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:

  1. Increase the amount of blog posts – and the range of content on this site
  2. Get life insurance &  a will in order
  3. Take the wife to 5 new restaurants (Going to try this again)

2018 Financial Goals:

  1. Sell off my Mutual funds through my bank and replace them with low cost ETF’s and individual stocks
  2. Receive $10,000 in passive dividend income
  3. 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

Financial Highlights:

  • 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.

J’s TFSA:

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)

Ambers TFSA:

Chorus Aviation: $10.76 (Dripped 1 share)

Intertape Polymer: $49.49

Alimentation Couche Tard: $11.25

TOTAL TFSA’S:      $202.59

 

RRSP:

Canadian Equity Income Distribution: $213.01

Global Dividend Fund Distribution: $422.33

Total Passive Income July 2017:  $837.93

Portfolio Update:

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!

 

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November 2017 Update. Sit down with me, let’s have a drink.

Happy December!  Here is a quick update for November.  Had a pretty busy month!

Personal Highlights for November:

  • Our daughter turned 2 – and we had our first (of many) parties in the new house.
  • Got the Christmas tree set up and decorated.  Had my first couple rum & eggnogs:)
  • I’ve always been big into cocktails, and trying new concoctions, and lately I’ve been taking it to the next level, trying to learn a little more about the history of certain drinks, experimenting with different flavors, techniques, etc.  I’ve started posting some of my favorites to my Instagram.  I think eventually I’ll add a section to this blog as well where I will post some new recipes, rate some different spirits, etc.  Pictured below: Americano & Classic Negroni!
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Financial Highlights:

  • Due to the stability concerns in Zimbabwe I sold my shares of Caledonia Mining.  This is still one of my favorite stocks, but until things play out I thought I’d get out and watch from the sidelines.  I also decided to close my position with Lucara as the stock has been pretty disappointing.  I decided to use the proceeds to get back in the Marijuana industry as I had previously liquidated my shares of Organigram & Aurora.  I purchased 7071 shares of LGC Capital (LG) for $0.21 and 4000 shares of National Access Cannabis (NAC) for $0.20.
  • Redeemed my credit card reward points for $650 which I put into my RSP.
  • Continued bi weekly payments into RRSPs & Spousal RSP.
  • Amber’s TFSA/RRSP are now over $20,000.  (They didn’t exist 6 months ago)
  • Amber’s TFSA recieved it’s first dividend from Chorus Aviation (which dripped an extra share).

Now on to the fun stuff.

Passive Income Update For July 2017.

TFSA’S:

Chorus Aviation: $10.72 (dripped 1 share)

Diversified Royalty: $8.99 (Dripped 2 new shares)

Artis Reit: $49.32 (Dripped 3 new shares)

Plaza Reit: $24.50 (Dripped 5 new shares)

TFSA’s Total: $93.53  

RRSP:

Canadian Equity Income Distribution: $209.32

Total Passive Income July 2017:  $302.85

Portfolio Update:

My portfolio grew by 3.38% month over month and once again hit an all time!  Total investment portfolio now sits at $297,039.95.  Assuming there isn’t a market crash I should break the $300k mark by the end of the year!

The sell off of Caledonia & Lucara will see my yearly dividends reduced (for now) but I am hopeful the growth in NAC & LG will more than make up for it in the long run.  I still want to get back into Caledonia Mining eventually as I believe it is hugely undervalued.  I also still have my eye on Andrew Peller.

Hope everyone else had a productive month as well!

October 2017 Update!

Happy Halloween.  Here is my quick update for October.

Personal Highlights for October:

  • With the delivery of our kitchen table & chairs, we now have all of our furniture in the new house.  I still need to buy an area rug, coffee table and some curtains, but we are almost 100% settled in.
  • Closed up the cabin for the winter.
  • Kids Update:
    Holland had her annual heart appointment. She was born with a small hole in her heart which caused a heart murmur.  The doctors told us we would need to take her once a year to get it checked out for the next 8-10 years, however at this appointment they said it seems to be getting better (closing on its own) so we don’t need to go back for 3 years now:)
    Isaac turned 6 months this week.  He is a little tank, I swear he is almost as heavy as his big sister already(See below)isaac 6 months

Financial Highlights:

  • Closed my line of credit. Officially debt free (not including mortgage)
  • Put $15,000 into Amber’s TFSA and bought her first 3 stocks (CHR, ATD, ITP)
  • Continued bi weekly payments into RRSPs & Spousal RSP.
  • Closed my position in OneReit as my remaining shares were bought back by the company.
  • Cashed in some of my credit card reward points for a $600 voucher to my RRSP.  Once I get the voucher I will deposit this into Ambers Spousal RRSP.
  • Amber’s TFSA/RRSP are now over $18,000.  (They didn’t exist 5 months ago)

Now on to the fun stuff.

Passive Income Update For July 2017.

TFSA:

Diversified Royalty: $8.94 (Dripped 3 new shares)

Artis Reit: $49.05 (Dripped 3 new shares)

OneReit: $17.10  (Got paid out)

Plaza Reit: $24.39 (Dripped 5 new shares)

Algonquin Power: $102.05 (Dripped 8 new shares)

Caledonia Mining: $19.35 (Unfortunately RBC doesn’t allow this company to drip)

TFSA Total: $227.55  

RRSP:

Canadian Equity Income Distribution: $206.50

Total Passive Income July 2017:  $434.05 

Portfolio Update:

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: $286,105.62

It’s going to be tough, but I am still hoping to hit 300k by December 31st.  I am hopeful my Global Equity fund will pay out a nice distribution in December which should help.  This was also the 4th month of 2017 with over $400 of passive income.

 

2017 Goals Update.

One of my first blog posts was about setting goals for 2017.  I also noted that I typically do not set goals, so this would be something a little out of my element.  I am happy to report so far I think I’m doing okay (with most of them).

Below are the goals I set – and a quick note of where I am at.

Personal Goals

  1. Start setting goals! *NAILED IT*
    The big test will be to see if I can achieve any/all of them and more importantly come January 1st If I continue to set goals for next year.
  2. Sell our house & buy a new house: *NAILED IT*
    House sale has closed and we’ve been in our new place for about a month now!  Most of our new furniture has been delivered, and so far we love everything about the new place.  That said – we haven’t had to pay all the new bills yet.
  3. Start a website & keep it updated *GETTING THERE*
    Website is up and running.  Due to the house sale and moving – I wasn’t able to post as much as I would have liked for the last couple of months, but things are back on track now.  October has been my highest traffic month so far, and the month is only half done.
  4. Spend more time at home/with family *GETTING THERE*
    I’ve definitely been spending a lot more time at home – although I wish I could take more credit for this being a conscious decision.  In reality it is likely due to the fact the Jets season has just started, my soccer season hasn’t started yet, we just moved, and I am still getting things organised around the house.  The next couple of months will be the big challenge.
  5. Try 5 new restaurants (with Amber) *SLACKING*
    This is the one area I am going to need to step up my game.  Although we’ve gone out a few times,  I believe we’ve only been to 1 restaurant that Amber hadn’t been to. I still have a couple of months – so I’ll have to get moving on this one if I want to achieve this goal.

 

Financial Goals

  1. Get Amber “set up” Financially *NAILED IT*
     So far we have done the following:
    – Create a joint bank account
    – Set Amber up with Direct Investing & a TFSA
    – Start a Spousal RSP for Amber – and started bi-weekly contributions.
    – Bought 3 new stocks in Ambers TFSA (ATD.B, CHR, & ITP).
    The only area I still need to work on is getting her actually interested in some of this stuff….that will probably be the hardest part.
  2. Eliminate all debt (not including mortgage) *NAILED IT*
      I just got back from the bank – and they confirmed my line of credit has officially been paid off/closed.  My credit card is also completely paid off.  My car is paid off, and my cabin is paid off.  The only debt I currently have is my mortgage on my house (which I don’t really consider debt).
  3. Get total portfolio Value to $320,000 by December 31*WAY BEHIND*
    With only 2 months to go – my portfolio is sitting at $278,000.  I have pretty much come to terms with the fact I wont hit this target – however I think $300,000 might be doable.  There are 3 main reasons I wont hit this goal:1) I paid off my debt very aggressively(Took some profits from my TFSA)
    2) We spent a little bit more on the house than we thought
    3) We underestimated the cost of furnishing a much larger house

    All in all, I’m pretty satisfied with where I am at…just need to step it up and take the wife out a few more times and try and sock away a bit more $$$ before the end of the year!

July 2017 Update

Hope everyone had a great July!

Personal Highlights for July:

  • Got the house de-cluttered, cleaned – listed and SOLD!
  • Spent a lot of the month out at the cabin with the family.
  • Finished reading “A field guide to lies: Critical thinking in the information age” by Daniel Levitin (Great book- highly recommend it)
  • Kids Update – Took Holland to Boardwalk Days @ Winnipeg Beach – bought her first ice cream & Isaac turned 3 and is growing like crazy..he is also still a hairy little bastard!(See below)Isaac 3 months

Financial Highlights:

  • While cleaning house – rolled and cashed in my change – which resulted in $1167 – which went straight to my line of credit!
  • Paid down another 10% on line of credit.
  • One of my favorite stocks had a reverse split and got listed on the NYSE! (Caledonia)
  • Got our first government child benefit cheque! Thanks JT!
  • Although no stock purchases will be made until L.O.C is paid off – I’ve continued my regular bi-weekly fund purchases, spousal RSP purchases & and saw a few shares DRIP (more on that below)

Now on to the fun stuff.

Passive Income Update For July 2017.

TFSA:

Diversified Royalty: $8.77 (Dripped 3 new shares)

Artis Reit: $48.24 (Dripped 3 new shares)

OneReit: $18.25 (Dripped 5 new shares)

Plaza Reit: $24.05 (Dripped 5 new shares)

Algonquin Power: $109.66 (Dripped 9 new shares)

Caledonia Mining: $18.73 (Unfortunately RBC doesn’t allow this company to drip currently)

TFSA Total: $227.70  

RRSP:

Canadian Equity Income Distribution: $202.41

Total Passive Income July 2017:  $430.11 

Portfolio Update:

My portfolio saw a slight increase in value – however still down from the April high. Total value is back to $270,259.42  This represents a month over month increase of 0.50%.  I’m still expecting a pull back so I am not too concerned with the monthly fluctuations right now.

How was YOUR month?