As of December 29, 2010. "Retirement" = all registered investments. "Stocks" = all non-registered investments (Canadian/US/International Index Funds). "Other Assets" = TFSA account (Considered an "emergency fund" which holds only fixed-income assets).
Well, the final month of 2010 brought little real change. I purchased a new vehicle and had to pay tax installments, which when combined with not working over the month meant that the numbers stayed relatively stagnant. I'll resume work in January and February of 2011. Some interesting numbers to reflect on at year-end:
- Net worth increased from $418.5K to $520.7K over the year, an increase of $102.2K or 24.42%.
- RRSP portfolio increased 39.8% from $56366 to $78804, or ~$22.4K.
- Non-registered portfolio increased nearly 400% from $9.5K to $47.1K.
- Total investment portfolio (including RRSP, non-registered accounts, and TFSA) increased from $70.9K to $136.5K, or ~92.5%.
It was a good year overall as I continued to move forward with my "set-it-and-forget-it" strategy utilizing low-cost index funds for a highly-diversified and low-cost indexed portfolio. I may be able to increase my biweekly contributions from the current $1600/biweekly to a higher amount, as I anticipate that cash flow should remain decent as long as I'm bringing in income. I will have to save some cash in the kitty for the big income tax payment at the end of April, however. I looked at switching some of my investments over to equivalent ETFs but didn't feel that my total portfolio size justified the relative increased cost in maintenance time to do right now. Next year the investment portfolio should be over $200K and that should be enough to justify making the switch.
I'm hesitant to set goals for 2011, as it's going to be a significant year of change for me and I'm not sure how much income I'm necessarily going to be bringing in. However, I think it's reasonable to aim for another gain of $100K, and hopefully the markets will continue to move forward. The "strategy" (if you can even call it that) will be simple: maximize tax-sheltered contributions, and place equities in the non-registered account for tax efficiency. I should have maximal RRSP contribution room of $22K for 2011. |