Welcome to the annual 2018 update. This is part of a series where I track our financial progress on a regular basis. I present three parts in this series: (i) Investment & Portfolio Update, (ii) Passive Income Update, and (iii) Goals Update.
1. Investment & Portfolio Update
2018 was quite an interesting year. The broad equity markets performed very well for the first 9 months of the year, but ended the year poorly with the S&P 500 returning -4.4% for 2018. Regular readers of this blog may be aware that I have been defensively positioned with lots of gold equities, utilities and almost no allocation to the tech sector. As a result, my portfolio did pretty well for the year. I finished the year with a return of +4.86%, a difference of 9.26% compared to S&P 500 returns.
Changes to our portfolio are summarized below.Continue reading