23 Jul 2013 3 Comments
May came and gone without the market reducing much but it pulled back a bit in June so I was able to make some purchases. That and I was getting a bit antsy sitting on so much cash and not making any purchases for a while! They have also made another RRSP contribution for the year so I still have some of that money to deploy as well.
2013 Investment Goals
- Max out TFSA contribution – $5,500. Completed!
- Any remaining money will go into RRSP – $19,750 to date
Target Asset Allocation
Canadian equities: 30% (XIC)
US equities: 25% (VTI)
International equities: 25% (VEU)
Canadian bonds: 15% (XBB)
Canadian REITS: 5% (XRE)
Current Portfolio (as of June 30, 2013)
As it currently stands, their asset allocation is as follows:
Canadian equities: 26%
US equities: 25%
International equities: 23%
Canadian bonds: 10%
Canadian REITS: 6%
I will continue tracking their dividends throughout the year as well.
Since the last update, they were able to DRIP 9 additional shares of XIC, 3 additional shares of VEU, and 2 additional shares of XRE.
Looks like they are a bit low on Canadian equities, bonds, and maybe a bit of international equities (VXUS) as my next moves in their portfolio, which means I will be deploying Norbert’s Gambit again for the international piece. The CDN dollar has been weakening vs. the US dollar so it will be a bit more expensive to purchase the US ETFs, but it is definitely what their asset allocation requires. I hesitate slightly with the bonds aspect as well as interest rates have been rising the last bit; any other readers out there holding off adding to their bond component? What do you think readers?
Thanks for dropping by!