Weekend Reading – Asset Quilt 2023
Welcome to a new Weekend Reading edition, this one, on the asset quilt for 2023.
I hope you enjoyed your holidays and 2024 is off to a great start…
I remained busy on My Own Advisor over the last few weeks. Here are some posts that you might enjoy:
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 – something I was leaning towards buying more of for our TFSAs in 2024.
I published some of my favourite articles from 2024 here:
I posted two (2) major financial goals for 2024. That’s it. Killing debt isn’t one of them either. Read why!
Weekend Reading – Asset Quilt 2023
Headlining Weekend Reading, is this asset quilt for various returns in 2023 thanks to @NovelInvestor.
How did your portfolio perform in 2023?
Overall, if you were in low-cost, diversified ETFs, including some all-in-one ETFs it should have been a VERY good year for you!
To answer the question, our portfolio performed just fine – since I/we tend to focus on the meaningful income our portfolio generates to eventually cover expenses along with returns. Staying invested in a number of stocks and low-cost ETFs as we do are designed to generate market-like returns since we don’t trade nor tinker with the portfolio, and low-cost ETFs invested in stocks outside Canada offer growth.
Further Reading: Why I decided to unbundle my Canadian ETF for income.
If your bias was more simplicity than my approach and seeking total returns, then these ETFs including some great all-in-one ETFs might have done very well for you in 2023 after a terrible 2022:
|VEQT (100% equity)
|XEQT (100% equity)
|ZEQT (100% equity)
|HEQT (100% equity
|XAW (100% equity ex-Canada)
Beyond some of these great all-equity ETFs for your portfolio, consider these in this post that might hold a mix of stocks and bonds to match your risk tolerance and investing objectives:
No financial advisor or money manager needed for these ETFs. The wise ones would tell you to index invest in some diversified ETFs anyhow. Just food for thought in 2024 if you haven’t considered DIY investing.
More Weekend Reading – Beyond Asset Quilt 2023…
This week, I also enjoyed this post from Tawcan, a few stocks he’s considering for his TFSA in 2024.
Jon Chevreau wrote about why Canadian investors should include U.S. stocks in their portfolios.
Here are some essential tax numbers for 2024.
Dale Roberts shared some year-end returns and other investing musings from the year that was…
I thought this was a very worthy list of key Canadian vloggers and personal finance YouTubers – some I try and check out from time to time…
Here are some interesting, early YTD returns from the oil and gas sector. Gurgen is a must-follow IMO.
— Gurgen Ayvazyan (@Gugo907) January 5, 2024
What does 2024 have in store?
I have a few (fun) predictions that I will share soon but they are just that, some thoughts and this is a good reminder that experts know nothing about what the financial future might hold – but they have to put food on the table as well…
Financial economic conferences are where people with PhDs, and decades of experience give presentations filled with math predicting the future with the same accuracy as a coin toss
— The Lazy Canadian Investor 🇨🇦🇺🇸 (@JimChuong) January 6, 2024
Vanguard still took a leap of faith though, will they be right in 2024?
We’re forecasting returns for U.S. stocks at an annualized 4.2%–6.2% over the next 10 years. However, there may be greater opportunities internationally from a U.S. dollar investor’s perspective. https://t.co/Nfh8PLAfOA #VanguardInsights #MarketOutlook #Investing pic.twitter.com/gvMtzLAsQ4
— Vanguard (@Vanguard_Group) January 4, 2024
Low-cost DIY and Done-For-You Projections
Have you Googled a financial question but can’t get an answer to your specific financial situation? Have you tried all the “free” financial calculators online, but just can’t seem to get the answers that you are looking for?
Have you looked into a getting some numbers and/or projections run but you are not willing to pay thousands of dollars? We get it and we don’t blame you. We wouldn’t either.
As always, you can also consider reaching out here for some low-cost financial projections services – anytime.
I launched this service with my semi-retired, passionate DIY investor and good friend, Joe, the founder of Million Dollar Journey – a service founded by DIY investors for DIY investors – to deliver quality services without the conflict of any advice, without costly fees (like some folks charge), while offering money-back guarantees because we’d expect that as DIY folks ourselves…
Never an obligation. I started this service because simply, I like helping other DIY investors as much as possible. 🙂
Enjoy your weekend, I’ll be back next week with a new monthly dividend income update to wrap-up 2023!