Goodbye 2012, Hello 2013...the Year in Review and Goals for this Year
Happy New Year everyone! I had an excellent time ringing in the new year last night with my family at Midevil Times. If anyone has young children (mine are 4 and 8) I highly recommend going. The kids had a blast cheering for their favorite knight and eating with their hands.
Every January, I have started a tradition of reviewing how my investments have performed as a whole over the past year and setting a goal for the new year. I have been setting some lofty goals for myself in terms of investing and the performance of my portfolio lately.
Between deposits and investment returns (much more investing than deposits given the massive home renovation that my wife cajoled me into) I managed to grow my total investment portfolio by 28.6% in 2012. It's funny, I actually hit the dollar value goal that I had set for 2012 literally on the last day of the year when we got the fiscal cliff optimism pop. I know that one shouldn't focus on short-term results, but it was pretty sweet nonetheless.
I have set 25% total portfolio growth as my goal for 2013. Obviously, the larger the portfolio gets, the more important investment returns and less important deposits become. I think that I can make up for that with becoming a better investor, which I definitely believe I am.
Of course, one can never time exactly when investments will pay off, so all I can do is put my money to work in attractive situations and wait for Mr. Market to recognize their attractiveness. That often takes more than a year, though my investment style of buying things that have catalysts often shortens the time that it takes for value to be recognized.
Late last week I found one of the more interesting investment ideas that I have seen in a while. I plan on keeping quiet about it until i buy shares in real life to make sure that i abide by TMF's trading rules, but rest assured that I plan on posting a ton about it later this month. I've gotten into a nice groove with posting. The new iPad that I bought has helped with that. It's a lot quicker to shoot out a post on it than to fire up the old laptop.
Anyhow, it has been a a pleasure talking with all of my friends here in CAPS over the past several years. I look forward to exchanging even better ideas with everyone in 2013.
See you around.