2013 Review

With the year 2013 drawing to a close soon, its a good time to reflect. This year has been one of the most eventful ones on a personal level – but even financially, its been a great year as I have been able to meet most of my goals.

2013 Goals review

  1. Earn $2,000 in passive income
    • I was able to achieve this goal comfortably, thanks for increased capital investment in my portfolio and added sources of passive income. I am on track to earn approximately $2700 of passive income in 2013.
  2. Start blogging
    • I was finally able to get started on blogging with this project. After many months and years of procrastination, I am happy that I was finally able to start blogging and all of you readers have been very supportive and encouraging to keep me continuing.
  3. Add atleast one more source of passive income
    • I was able to add more than one source – monetization of this blog, cash back rewards credit card and writing out-of-money covered call options.
  4. Sell all my positions in mutual funds and cut down on the fees
    • This has been a stickler for the past couple of years as I have not been able to find a comparable ETF with similar composition and performance. But I am glad I did not sell this during the year as the mutual funds are performed fantastically.
  5. Get  a life insurance
    • This was on my books for the following year, but I fast-tracked it to this year as I am in the best shape of my life and qualified for Elite premium rates, so I decided to lock in the low premium rates for the 30-year life policy.
  6. Expand my knowledge of business and finance
    • The learning continues…I took an online course on financial accounting as part of this exercise. I have also been reading books, magazines, blogs, articles and everything I can get my hands on to expand my knowledge.
  7. Educate myself about home buying
    • This has not been as productive. I have read some articles, blogs and posts, came across compiled lists of things to look out for, but I think unless I officially start house hunting, this will be on a back burner.
  8. Educate myself about options trading
    • After months of struggling to understand how options work, I was finally able to understand the basics and how to use some basic strategies of options trading. I have started trading options with simple trading strategies such as writing covered calls. I am not able to write put contracts as most of my assets are in RRSP and TFSA accounts and the government rules stop me from writing puts under these account types.

Portfolio changes

2013 saw a lot of changes in my portfolio. When the year started, my portfolio consisted of a random collection of stocks and ETFs without any proper strategy and improper allocation. Although my current asset allocation is far from what I consider idela, its headed in the right direction. Hopefully I will be able to balance out my portfolio in 2014 to a state which I will be happy with.
Deletions: In 2013, I sold and exited positions in the following stocks/ETFs.
  • Citigroup Inc (C)
  • CML Healthcare Inc (CLC)
  • CPFL Energia S.A. (CPL)
  • Crescent Point Energy Corp (CPG)
  • Husky Energy Inc (HSE)
  • Consumer Staples Select Sect. SPDR ETF (XLP)
  • ING International High Dividend Equity ETF (IID)
Additions: 2013 saw a lot of new investments in various strong names in the corporate world.
  • Archer Daniels Midland (ADM)
  • BCE Inc (BCE)
  • Chevron Corp (CVX)
  • CHS Inc (CHSCP)
  • IAMGold Corp (IMG)
  • Inter Pipeline Ltd (IPL)
  • Johnson & Johnson (JNJ)
  • Medtronic Inc (MDT)
  • Omega Healthcare Investors Inc (OHI)
  • Qualcomm Inc (QCOM)
  • Realty Income Corp (O)
  • The Jean Coutu Group (PJC.A)
  • The Southern Company (SO)

How was your 2013?

6 thoughts on “2013 Review

  1. It looks like it’s been a busy year RoadMap. Congrats on your progress, it looks like you made plenty of it. I just found your blog, so I will be following along as you progress. Have a great day
    -Bryan

  2. The home buying process was a pain and like most things you don’t really learn anything until you try it and find out how much you don’t know. 2013 was a great year for me and I’m looking forward to 2014. Glad that you were able to cross off #2, it’s always great to get more ideas and voices.

    • Good to hear that 2013 was a great year for you, PIP. I realize that theres only so much I can learn by reading about homebuying – looking forward to getting my hands dirty and dive in for the homebuying process in 2014.

      Thanks for the encouragement about the blog. Blogs like yours have been inspirational.

      Best wishes
      R2R

Leave a Reply

Your email address will not be published. Required fields are marked *