set and reach goal concept

How Did My Goals for 2023 Go?

Byadmin

Six months ago, I wrote my goals for 2023.

  • Goal #1: Being Fully and Efficiently Invested
  • Goal #2: To Make Relatively Low-Risk Consistent Returns
  • Goal #3: To Keep Pace with Inflation

So, how do I stack up against those goals?

Goal #1: Being Fully and Efficiently Invested

I think I made it! I am currently sitting at around 15% cash. Now we’re coming up on tax season again, and it’s nice to have some cash sitting around. I think I am fully invested at this point. I need to keep that up.

Goal #2: To Make Relatively Low-Risk Consistent Returns

I am currently invested in index funds with about 50% of my money. The riskiest money is “high dividend ETFs” at 20% of my money. And the rest is sitting in cash, bonds, or individual stocks.

In 2023, the markets were on fire.

  • S&P 500 returned 23%
  • TSX 60 returned 12%
  • Account #1 returned 13%
  • Account #2 returned 8%
  • Account #3 returned 18%

Since it took me most of the year to get fully invested, this ain’t bad. I think I can continue to match the market if I don’t sell anything and keep the investment mix close to where it is.

Goal #3: To Keep Pace with Inflation

Inflation has fallen to just over 3% by the end of 2023, so I think I am on pace to beat inflation over the long run as well. I was more worried about this than I should have been.

I guess I met all my goals for 2023. I need to set some new goals for 2024. Likely, they won’t need to be as dramatically different.

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