Welcome to Roadmap2Retire and thank you for stopping by. I am a software designer with a passion for personal finance and investing. On this blog, I intend to cover various topics pertaining to personal finance, business, economics, investing and sharing my experiences and thoughts. My goal is to have a comfortable amount of savings and generate enough passive income to fund my retirement.
The goals of this blog are two-part: First is to document my journey towards retirement and in the process, learn from my own mistakes and successes. The second is to share my experiences so others may benefit from it.
A Little Bit About Me
- I live in Ottawa, ON, Canada
- I am in my
- I am engaged and will be getting married later this year (2013). I am married.
- We are a family of three (we welcomed a baby in April 2016)
- I work in the High Tech industry
- I started saving and investing in 2007
I am a do-it-yourself investor who realized that paying exorbitant fees for professional advice was not the path to retirement and decided to take the matter into my own hands.
I started my journey by investing in mutual funds in 2007 since I did not know much about investing, and the following year started dabbling investing directly in stocks. We all know what happened in 2008….but starting to invest in 2008, I was distracted by all the noise and the mayhem that ensued. I have to admit that it was a bit nerve-wracking and I lost some money, but learned from my mistakes (details here). I realized that I had to do better research before investing in any company instead of listening to the “experts” speculate. I have come a long way since and am well on my way to achieve financial independence.
I am in the camp that does not believe in penny pinching and on a fast track to retirement. I believe in enjoying each stage of my life while socking away part of my earnings. As such, I may address some points about frugality every now and then on this blog, but the main focus is on investing and growing my passive income while maintaining an enjoyable and comfortable lifestyle.
Our assets are distributed in the following asset classes.
- Equities: This includes mostly dividend paying stocks & funds – in other words, mature companies which have a proven record of turning out profits year after year; and more importantly sharing those profits with the shareholders on a regular basis.
- Bonds: We hold short term high grade bonds via bond funds.
- Commodities: (In equity form) acts as a hedge against inflation while paying dividends.
- Real Estate: We own a house (although not mortgage free yet). In addition, we invest in REITs which acts a hedge against inflation while providing us with income via distributions.
- Cash: As part of our emergency fund and to take advantage of any corrections in the market, we hold some cash position.
We also diversify our portfolio geographically in order to protect us from local recessions and local disasters. We maintain a diversification between:
- Canadian equity: Residing in Canada, we want some home exposure. Canada is home to some great companies both mature and juniors. Being a resource-rich country, Canada offers great potential for investing in financials, energy, materials/commodities, services etc.
- US equity: With the US markets, we get exposure to both the largest economy of the world and truly multi-national companies. The US equity markets provide great exposure to sectors such as technology, healthcare, consumer staples and discretionary which are hard to find in Canada.
- International equity: We have a part of our portfolio diversified so that we can take advantage of global growth. We mainly do this via funds and occasionally use ADRs to invest in international equity.
For an up-to-date list of our holdings, click here.
Stay up-to-date on our latest transactions, insights, commentary and follow our journey to financial independence by subscribing to the newsletter distribution list. Your email confidentiality is guaranteed and will never be shared with third party spammers. Subscribe here.