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.

All purchases in Jan/Feb are captured here: Recent Buys

All sales in Feb/Mar are captured here: Recent Sales

At the end of the quarter, portfolio positions are weighted as shown below:

2. Passive Income Update

During the quarter, we managed to earn a passive income of $3,303.65

Year Q1 Q2 Q3 Q4
2013 $383.65 $516.32 $718.33 $1,063.97
2014 $1,322.47 $951.18 $1,055.79 $1,803.90
2015 $1,546.87 $1,960.10 $2,076.81 $2,256.01
2016 $2,167.95 $2,404.43 $1,965.95 $2,561.37
2017 $2,067.19 $2,159.57 $2,150.41 $3,320.46
2018 $2,454.61 $2,448.09 $1,753.44 $2,582.26
2019 $1,838.22 $2,501.02 $2,531.04 $2,700.97
2020 $3,303.65

You can read previous quarterly updates here.

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 – On Track
    • Passive income YTD is $3,303 (33% of the goal achieved)
  • Max out (RRSP) & Catch up (TFSA) on tax-sheltered contributions – On Track
    • Over the years, I have focused on reducing current income taxes & maxing RRSP contributions, which has left plenty of TFSA room to contribute towards. I’m hoping to catch up and work towards maxing our TFSA accounts over the course of next couple of years. The RRSP accounts are still on track for maxing out in 2020.
  • Continue building Baby R2R’s portfolio – max RESP contribution & contribute toward the Nest Egg portfolio – On Track
  • Deleverage by making extra payments on mortgage dues – Completed
    • We intended to make one large lump sum payment on our mortgage dues. We completed this in Q1.
    • In addition, we have increased our regular payments in order pay down the mortgage faster.

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That’s all folks! Thanks for reading & be sure to leave a comment below.

4 thoughts on “Quarterly Update – Q1 2020

  1. Damn. 50% cash. I have a feeling you are gonna have some HUGE gains over the next 3-5 years once you put that to work…

    Just curious, what are you putting in the kids RESP? I have an account, with a bit of cash sitting in it right now, and will most likely just dump it into VGRO or VEQT or something.

    Cheers

    • Hey Jordan,
      I went with XGRO (similar to VGRO – but there’s a slightly higher exposure to US market than Canadian market in XGRO). There is some ZAG and ZEF left in it from earlier when I had ZCN+VXC+ZAG+ZEF, but I intend to sell the ZAG & ZEF and simply hold XGRO.

      cheers

  2. Such a great post. Looks like a solid Q1 report with those divvy increases, inspiring stuff – keep it up man. Now is a difficult time, and I hope that there will be no loss!

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