Quarterly Update – Q1 2020

Welcome to the quarterly update for Q1 2020. This is part of  a series where I track our financial progress on a quarterly basis. I present three parts in this series: (i) Investment & Portfolio Update, (ii) Passive Income Update, and (iii) Goals Update.

1. Investment & Portfolio Update

Q1 2020 was a turbulent time in the financial markets and I had to quickly pivot to sell and exit some of our investments as it became apparent that the market was not facing a quick drop and bounce. As a result, I sold a big part of our portfolio and went to cash.

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Passive Income Update – Mar 2020

Welcome to our monthly passive income update for Mar 2020. This is part of the scorecard series where I track our dividends and other sources of passive income. I also include changes and updates related to our investments during the month – showing the overall progress.

Passive Income  Update

Passive income for the month of Mar 2020 was CAD$1,717.03, which comprised of US$197.66 and CAD$1,438.33 (exchange rate is US$1 = CAD$1.41).

A new personal best thanks to options income 🙂

The change for the month is 58.22% QoQ and 190.82% YoY for the month. This brings our passive income YTD to $3,303.65 and achieves 33% of our annual goal of earning $10K.

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Outlook for April 2020

What a difference a month makes. March 2020 was complete mayhem as all markets (stock, bond, currency, commodity markets) whipsawed day after day. The equity markets saw one of the fastest bear markets recorded as markets sold off aggressively and seem to have recovered a bit. Suffice to say, there is plenty of confusion on the future of the economy as we are in the midst of a recession, possibly even a depression.

The panic has gripped the central banks as well. Central bankers around the world have cut interest rates aggressively and unleashed QE programs while governments have picked up the pace on fiscal stimulus to complement the monetary stimulus.

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2020 Top Investment Picks – Q1 Update

At the beginning of the year, I put together a list of Top Investment Picks for 2020 from the investment community and track them on this website. This is just meant to be a fun exercise to see how the picks do. As part of the process, I intend do provide quarterly updates on the picks to see how they are doing. This is the update after Q1.

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Recent Sell

BuySell

More sales in our portfolio as I try to save our hard earned capital instead of being blasé about it. Whether now is a good time to sell after stocks have fallen more than 20-30% from their all time highs is debatable. But having an anchoring bias to an all-time high prices & valuation is exactly the reason why I see some investors trapped and not accepting the reality.

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