Less than 5 years to go for retirement - Strategy for critique - Page 3
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Thread: Less than 5 years to go for retirement - Strategy for critique

  1. #21
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    Tonight I get to break the good news to the wife.

    My projections were that we would hit, in 2015 dollars, a total portfolio (RRSPs, TFSAs, Non-registered, cash) value of $1M in early 2019. Our balance was $760k in mid-January, but as of this morning, we topped $1M.

    Other than tax refunds totalling $16k, there wasn't any new money input. I moved some money from our cash accounts into RRSPs and TFSAs, and saw some price appreciation in stocks.

    Last edited by janus10; 2015-08-29 at 01:40 AM.

  2. #22
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    Would you mind to share the name of your holdings? $240k gains in five months...amazing.

  3. #23
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    Quote Originally Posted by scorpion_ca View Post
    Would you mind to share the name of your holdings? $240k gains in five months...amazing.
    I'm not sure there can be any lessons learned based on my holdings. My biggest holding is in HXU, the second biggest is in NA (I've held a position in that for more than 7 years), but after that it's just a hodge podge of about 40 holdings none of which is more than 0.3% of overall value. The big change in the last six months is going overweight energy and TSX index.

    About $350k (spread across all of the different accounts) is cash just in case something compelling goes on sale.

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  5. #24
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    Quote Originally Posted by janus10 View Post
    Tonight I get to break the good news to the wife.

    My projections were that we would hit, in 2015 dollars, a total portfolio (RRSPs, TFSAs, Non-registered, cash) value of $1M in early 2019. Our balance was $760k in mid-January, but as of this morning, we topped $1M.

    Other than tax refunds totalling $16k, there wasn't any new money input. I moved some money from our cash accounts into RRSPs and TFSAs, and saw some price appreciation in stocks.

    More than half of the gains were from trading in low beta investment vehicles. This month's results were equal to what I hope to achieve on an annual basis going forward, but I need to work smarter. Even though I scale into a position, I'm still starting too soon and scaling too quickly. My skills need to definitely improve if I am going to utilize this as a long term strategy. I prefer to "hit singles" by taking small profits along the way, but this month I decided to let some winners run.

    I'd also like to learn how I can use options to either mitigate risk or even improve gains.

    First step is to figure out where to invest this month's profits.
    First of all, great news to share!
    Second, congrats! $1M in assets is a HUGE, literally, milestone.
    Third, wow, $240k gain in 5 months??? You must be trading because the indexes haven't climbed that much. Good on you if you can make those calls....

    Fourth, why not keep your profits in blue chips and simply let the dividends flow in?
    Hidden Content - Working on a $1 million portfolio and $30k per year from it.

  6. #25
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    My biggest holding is in HXU, the second biggest is in NA (
    HXU YTD is up 4.2% and NA YTD is down 1.4.. %. are you sure that your calculations is correct

  7. #26
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    Quote Originally Posted by janus10 View Post
    Tonight I get to break the good news to the wife.

    My projections were that we would hit, in 2015 dollars, a total portfolio (RRSPs, TFSAs, Non-registered, cash) value of $1M in early 2019. Our balance was $760k in mid-January, but as of this morning, we topped $1M.

    Other than tax refunds totalling $16k, there wasn't any new money input. I moved some money from our cash accounts into RRSPs and TFSAs, and saw some price appreciation in stocks.

    More than half of the gains were from trading in low beta investment vehicles. This month's results were equal to what I hope to achieve on an annual basis going forward, but I need to work smarter. Even though I scale into a position, I'm still starting too soon and scaling too quickly. My skills need to definitely improve if I am going to utilize this as a long term strategy. I prefer to "hit singles" by taking small profits along the way, but this month I decided to let some winners run.

    I'd also like to learn how I can use options to either mitigate risk or even improve gains.

    First step is to figure out where to invest this month's profits.
    Nice,well done

    Enjoy the peace you get from no debt and dollars that will out live you at your rate of return

  8. #27
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    MOA - thanks. My original ambition was to create a dividend generating portfolio that serviced all of my expenses. Perhaps when government programs kick in and I'm not as mentally sharp as I am now, it makes sense to put the portfolio on autopilot. Most of what I buy generates dividends but I have no REITs, nor do I have much exposure outside of North America. That definitely deserves some study over the summer.

    Gibor, I said they were my biggest holdings not necessarily the biggest drivers for my portfolio growth. However, check the HXU price in mid January when I backed up the truck. In spite of the TSX drop today, HXU is 15% higher than mid January. I honestly don't check how my individual stocks are performing. I look at the entire balance of RRSPs and everything else. I'm sure if I did a check, there probably could be the need to do some pruning of stocks that don't belong anymore. Basically, I am not an investor that anyone should model themselves after except for maybe one thing. When I was 16, I gave my mom some money to invest on my behalf and have been hooked ever since. It was fascinating to me to be able to do so little physical work and generate money.

    1980 (or do I call you Mr. Z28?) - this did kind of come up quite fast but as nice as it feels, I still felt better the one time I broke 90 on a par 72 course. but, this isn't like a finish line - the job isn't over just because we achieved this goal. As my wife obviously pointed out due to her financial illiteracy, I don't get to lock in this value. So, the journey will continue perhaps for a year or two, hopefully building up a bigger portfolio while also positioning for ER.

    I'm still going to be the coupon clipping, bargain hunting guy I've been all my life. No reason to fix what ain't broke.
    Last edited by janus10; 2015-08-29 at 01:43 AM.

  9. #28
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    In spite of the TSX drop today, HXU is 15% higher than mid January.
    if you bought it at lowest point and sold at highest, you need to play in casino You posted gain is 32% ... just curious what could`ve you trade to get it

  10. #29
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    @Janus,

    Well done

    I'm not a trader myself, just buy and holder of stocks and ETFs. That's it. Rather simple.

    As I get older, although I remain somewhat enamoured with dividends, I'm also decreasing the risk in my portfolio by holding more assets in ETF products, more diversification - I expect capital growth this way - but there are never any guarantees which is why I have a hybrid approach of 30-40 stocks from Canada and the U.S. and everything else is indexed.

    For us, I know we can retire when the cash flow from investments will cover most of our expenses. We'll have some pension income to rely on and I never include CPP and OAS payments in our income needs calculations, since I/we will consider that "gravy".

    Looks like you're WELL on your way to making retirement a reality. At what age might I ask? Late 40s? Early 50s?
    Hidden Content - Working on a $1 million portfolio and $30k per year from it.

  11. #30
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    Quote Originally Posted by gibor View Post
    if you bought it at lowest point and sold at highest, you need to play in casino You posted gain is 32% ... just curious what could`ve you trade to get it
    I don't think I've ever, in my life, bought something at the bottom and sold at the top. I bought a lot near the recent lows (I already owned a significant portion from late last year when it was in the 24's), but only sold some very recently because I saw a much better opportunity to make a lot more money very quickly. Fortunately, I was right. So, I will buy back the HXU that I sold last week at a price lower than what the selling price was.

    I already said I'm not very good at timing.


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