I finished tabulating the results over weekend to determine how I performed against the goals I set last January. I will wager few foresaw the events that occurred and the resulting implications. So let’s review the impact to my goal attainment – or lack thereof.
- Exceed the performance of the S&P 500
This has been one of my goals since 1980 and achieved 31 times. Number 32 is in the books as I outperformed the S&P by 19.83%. Goal #1 met.
- Re-establish portfolio balance per the strategy
This most likely a two year goal since my largest strides will have to take place following the completion of the PNY/DUK merger. I did make some progress in reducing overweight holdings but was correct in my assessment that the out of balance scenario would continue into 2017. Goal #2 met.
- Minimize portfolio sales (ideally none)
Other than mergers, no sales were made. Goal #3 met.
- Complete the acquisition process with about 160 total stocks
Other than a handful of companies to fill a few gaps, I want to add a final round to my Regional Bank strategy. Well I did fill the gaps but overshot the total. With 176 holdings at year end, I’d have to classify this as a partial.
- Increase my Canadian holdings to 3-5% of the portfolio
No new holdings are expected, only additions to existing positions. I figure to add while the US dollar is strong with the expectation that – at some point – the situation will be reversed. This too is a partial. I did add one Canadian issue and ended the year with Canadian stocks accounting for 5.14% of the portfolio.
- Maintain my walking regimen
Weather permitting average 20 miles per week. Goal met. The average (thanks to
- Improve blog functionality
There remain some sections that don’t work quite right. I did fix the sections so goal met.
- Write 52 posts
We’ll find out just how much I have to say. Goal met with 63.
- Reduce mortgage balance to 30% LTV
Almost met. Spring storms resulted in significant damage so part of this budget section was reallocated to the deductible. This was a fail as the ending LTV was 31%.
- Volunteer 50 community service hours
This was probably the biggest failure as my health prevented me from completing this goal. I did complete 44% of this goal and donated cash in lieu of the time.
All together I’ll give myself about a 70 – 75% grade. For 2017, my #1 goal will be to outperform the S&P (as usual). This year will likely be problematic for other goals as I suspect politics will supplant reality causing volatility until settling down later in the year. I will, however, share the strategies I embrace as we journey through 2017.