All things considered, 2008 was a pretty good year.
From a financial standpoint, my net worth was up approximately 11.9% and my realized capital gains more than doubled (year-over-year) but that doesn't mean it couldn't have been better.
With that in mind, I will recycle last year's resolutions and add a few more for this year.
So without further adieu, here are my goals for 2009 in no particular order:
- Set up a Tax Free Savings Account at Questrade
- Take advantage of the economic downturn to pick up some Canadian dividend-paying stocks to increase my dividend income (to a minimum of $1k / year)
- Establish stop-losses and stick to them no matter what happens
- Stay away from companies I don't understand or even pretend to understand
- Establish an investment plan for my RRSP & TFSA
- Let my winners fly until the trend is broken
- Find a feasible way to make short-term trades while at work
- Earn a minimum of $10k in capital gains
- Stick with bigger, well-known names for a minimum of 80% of my stock portfolio
- Reach a net worth of $335k in liquid assets (cash / stocks / mutual funds / RRSP / TFSA)
- Get another promotion at work
- Exercise at least 1 hour a day, 3 times a week
- Improve my French language skills
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