1. Investment & Portfolio Update
The companies from our portfolios increasing their dividends and details of portfolio changes are summarized below.
2017 saw our portfolio grow quite a bit thanks to big contributions into our tax sheltered accounts during the course of the year. In addition, our portfolio had amazing growth thanks to two hot sectors of investing: crypto and weed. I started researching and investing in cryptoassets during the summer; while I started investing in weed stocks in the fall. Both of these parts of my portfolio have grown beyond my wildest imaginations (I am close to having my first ten bagger in my crypto portfolio). While I sit on plenty of unrealized gains, I also managed to take advantage of the volatility in these sectors to book some gains. Some of the gains we realized in 2017 include:
- New Gold Inc (NGD.TO) — booked a 14.8% gain after holding for 1 week.
- Critical Elements Corp (CRE.V) — booked a 61% gain after holding for 1 year.
- Hive Blockchain Technologies (HIVE.V) — booked a 213% gain on half my position after holding for 1 month.
- Canada House Wellness (CHV.C) — booked a 112.7% gain after holding for 1 month.
2. Passive Income Update
A great year on the passive income front. In 2017, we managed to earn a passive income of $9,697.25. While this fell about ~$300 short of the $10K goal, I am still extremely happy with the progress.
‘Other’ Passive Income
Passive income that we achieve is split between investments from dividend paying companies, writing covered call options and what I call other sources of passive income, which includes cash back rewards credit card, advertising revenue from this blog, affiliate programs, interest on cash, writing for Seeking Alpha, cryptocurrency mining etc. As you can see from the chart below, our other category has been a consistent source of the months/years.
3. Goals Update
Onto the goals that I set and see how we did overall on that front.
- Earn $10,000 in annual passive income Failed!
- Passive income for 2017 was $9,697. While this number is not terrible by any means, we still fell short on the $10K goal I had set in early 2017.
- Start two portfolios for our daughter – one for post-secondary education via RESP (Registered Education Savings Plan) and the other- a DRIP plan Achieved!
- I started the two portfolios mentioned and have been making regular contributions to grow these accounts. See the details here.
- Pay down an extra 25% towards mortgage debt Failed!
- We failed to pay any extra amount on the mortgage debt. We decided to hold off on paying extra until we sorted a few things out financially in other areas of our life. However, I intend to up this target and start whittling away at the mortgage debt starting 2018.
That’s all folks! Thanks for reading. Be sure to leave a comment at the bottom – I love to hear from the readers on your thoughts and opinions.