My Own Advisor Year in Review
Welcome to a new Weekend Reading edition, this one, sharing my Year in Review. My final post for 2023.
I hope you continue to enjoy the holidays and any downtime you might have from work…
Since the holiday season ramped up, I thought I would share a few recent reads before I list some of my favourite posts of 2023.
Thanks to reader inputs and based on my own observations related to the timing of RRSP/RRIF withdrawals, I shared this Weekend Reading update:
I posted this article about buying and holding low-cost ETF XAW over the years.
And, as the holidays approached I shared some things I’m personally thankful for, although there are a few personal finance nuggets from Rob Carrick as good things too!
My Own Advisor Year in Review
2023 was a fine year for My Own Advisor thanks to every reader and visitor.
The dawn of 2024 will mark the start of 15 years running this site!
Over the years, readership has grown. Engagement has grown.
My user base has ballooned: 2023 had more than 229,000 unique users on this site!
Thanks again for your readership. It does mean a great deal to me since I continue to run this site as some labour of love, to continue to engage with long-time subscribers and all new visitors as well. 🙂
On that note, I encourage you to continue to comment or email me about any particular subjects I should track down and write about to support you, us, others, as passionate DIY investors.
Today’s blogpost will highlight a few articles by month from the year that was, with some other Weekend Reading to follow… Here were some of my favourite articles from 2023.
My Own Advisor Year in Review
As someone who has a corporation, I wondered what the pros and cons might be of investing inside my corporation. I put down some thoughts and included my answers in this post – taxation of investment income inside a corporation.
In January 2023, I also highlighted a stock that I’ve owned for well over a decade now: Telus.
In February, I debunked a myth from a viral post that mentioned most Canadians will need $1.7 million to retire on. Yes, some might. Thankfully, many won’t.
I also shared great things you can do with your TFSA. A post I intend to update soon since 2024 TFSA contribution room is just around the corner!
In March 2023, thanks to another reader, I included this retirement case study and profile that might appeal to many readers:
The following month, I wrote about five-factor investing and what really drives stock returns. Of course, all the theory is nice but we all live in the real world and not on a spreadsheet. It’s therefore impossible to predict the future with any accuracy. This is why I feel my 15-year hybrid approach to investing captures the best of both worlds, to realize our goals and to match my investing temperment:
- Using a basket of Canadian (and some U.S.) dividend growth stocks for passive, rising income +
- Using some low-cost ETFs to ride the equity returns for everything else.
I firmly believe in this two-pronged approach since it should not only provide some stable, passive income for life, but it should also deliver capital appreciation as well.
I believed then as I continue to believe now leading into 2024, that this hybrid investing approach should push our annual dividend income even higher as mortgage debt comes to a close…very soon.
Also in May, with interest rates rising / with interest now to be earned on savings or near-term cash, I profiled these cash-alternative ETFs to park cash savings while earning more than 4%…funds I happen to own myself. 🙂
While I remain a fan (and owner) of low-cost ETFs in our portfolio, I simply don’t own any low-cost ETFs that track just the Canadian stock market. You can read why once again in this post.
In July, I was back talking about some moaty stocks to own and why I own some, examples from Canada and the U.S. are in the post below.
I also shared this new retirement income case study profiling how a part-time job/side-hustle can really support your retirement plan:
With so much emphasis on stocks in our portfolio, as some stocks in some sectors got hammered in mid-2023, I wondered if it made any sense to be 100% in stocks anyhow?
Given our Canadian economy is very much tied to our oil and gas industry, I wondered where oil might go from here/summer 2023 pricing?
In September 2023, as a bit of a follow-up to my 100% stocks post, I asked the auidence: why would anyone own bonds right now?
More My Own Advisor Year in Review
Like most asset accumulators striving for semi-retirement or retirement, I have a strong bias to owning mostly stocks in my portfolio but I do keep some cash inside my corporation and I/we definitely keep some cash in our personal accounts, for these reasons. In fact, I think keeping some form of Cash Wedge at any age, as you invest, is very smart.
As some higher oil and gas prices stick around…something I wrote about earlier in 2023, I shared these top ETFs and stocks to take advantage of higher oil and gas prices.
I have no idea what 2024 might deliver but certainly since the pandemic started, oil stocks have been booming.
You know what else has been flying for returns? Low-cost ETF QQQ. Over the years, I’ve actually sold most of my U.S. stocks in fact and diverted USD $$ into this low-cost ETF over time for 1. portfolio simplicity beyond Canada and 2. to seek higher returns. Good thing in hindsight.
I own some QQQ for the tech-growth kicker in our portfolio. This ETF was up over 50% in 2023!
In December 2023, I came back to our hybrid investing approach and shared this new monthly income update hinting that future months should be even higher thanks to new savings for investment purposes (of course) but more importantly, leaving the portfolio alone and letting dividend increases do most of the work.
Phew! Quite the year of writing and sharing and commenting! 🙂
But again, this site remains a labour of love…
My Own Advisor Year in Review – looking ahead…
What does 2024 have in store?
Well, updated content, for sure. New content, absolutely. More monthly dividend income updates and progress towards some financial independence, work on own terms decisions – yes, of course. All that is to come along with some freebies/giveaways, more free retirement income case studies and likely a few expert interviews as well.
I look forward to another year of running My Own Advisor, supporting other like-minded DIY investors, helping other investors seeking to take the DIY investing leap and learning from many reader comments, emails and online engagement.
Happy New Year to you and your family. All my best.