Monday, December 15, 2014

Financial Goals for 2015

It's almost the off-season and since things are quieter I have decided to take some time to draft my 2015 Financial Goals. It's a draft. What do you think?

In 2015, I intend to set myself these Financial Goals:

To respect, 75 % of the time, a monthly budget of less than 5 250 $. Last year we aimed for 4 500$ but failed badly. (partly because we hiked our spending towards investing, so not that bad).  Let's try 5 250$ and hope for the best.

To max out my TSFA and hit the 42 K$ mark. Right now, I have 30 K$ in it. It's not a great TFSA year. I have room for 8 459 $ this year. I assume a yield of around 5-6 %. One of my main stock is (STILL) slumping (ABX). Hopefully, my other stocks will compensate. Let’s aim for 42 K$. 

To grow my net worth to 200 K$. I expect more revenue this year. Right now, I have a Net Worth of 184 K$. With a yield of 3 %, that should take me to  close to 190 K$ solely on compounding. I should be able to add a few bucks in the mix. Not to mention the 8 K$ I put down on the capital of my mortgage every year. I will be very disappointed if I don’t hit the 200 K$ barrier (and more). Go get it boy !

To hit the 155 K $ mark in my portfolio. Right now I have around 140 K $ (you can check it out here). I still have much cash flow. I need to invest some of it in new quality stocks. But, considering the perpetual bull market (will it end?), I will be extremely patient in that regard. I should be able to hit this mark with compounding and new money.

To hike my Dividend income to 4 800 $ a year. It's a new goal! Right now, I have close to 3 K$ (2 977$). You can check it out here. I want to increase that number to 4 800$, which will represent 400$ per month. It's an increase of 37%. 

To stay out of debt. I don’t have any bad debt as we speak (apart from the mortgage, which is a good debt). That's the way we like it. 

To find another form of investment. A land, a cottage, a new condo, a house, a wood forrest. Anything that diversify our assets.

What do you think ? Should I be bolder ?

Thursday, December 11, 2014

Made small new acquisitions

Hey FF,

Thought I would give you some infos, since you are all begging for it. I know you are!

Well, for instance, this week I bought a small amount of shares of Verizon (VZ), the U$ giant-telecom  company. The share had a 15% drop since it's 53$ high this year. I thought it was a good small entry-point. At 4,75% the yield is pretty decent.

I bought 25 shares of VZ.

« Verizon is one of the largest communication technology companies in the world. It operates America’s largest 4G LTE wireless network and the nation’s premiere all-fiber broadband network

Apart from the fact that Verizon is a strong and reliable company, the main reason why I bought it it's because I don't own much telecom in my portfolio. I have a small position in BCE, a Canadian telecom. 

I want to hike my overall % to 6%. It is now at 2,45%, which is pretty low for a sector in such demand. 

I also added some shares of Cominar (CUF.UN). Real Estate is a sector I wanted to increase my exposure a long time ago.

« Cominar Real Estate Investment Trust is one of the largest diversified real estate investment trusts in Canada and the largest commercial property owner and manager in the province of Quebec. »

Their real estate portfolio includes 563 office, retail, and industrial properties in Quebec and Ontario. It represents more than $8.2 billion in assets.

The share yields at almost 8%. It's kind of high but it's an Investment Trust, so it can allow to give out more cash to its shareholders.

I have now 180 shares of CUF.UN.

In september, I also bought 150 shares of a small-cap pharma name Knight Therapeutics that operates in Montréal. It's quite a long shot, so I placed it in my portfolio under the «Penny Stock» section. 

They recently sold a Voucher that was worth 125 millions. They are sitting on a lot of cash, but don't have a lot of things to sell at the moment. Will see. The CEO has shown in the past that he can make some really nice moves...

Check it out for yourselves : here

How about you Financial Freaks? Made any new acquisitions?