|I would not imagine I could say that with the way the markets are, but my Smith Manoeuvre goes pretty well! Market is swinging on the dance floor like a crazy clown but I am still over the edge. In fact, I am quite happy to notice that my statement is showing some green numbers! While I still can’t buy a brand new car with my investments, it keeps growing at a good rate.||
In fact, my Smith Manoeuvre account was showing a total of $6,609 for an overall profit of $109. Since it’s been a full year in February, I decided to go a little bit further in my calculation in order to establish my real rate of returns with my systematic investments.
For simplicity and convenience, I always use what I have in my portfolio divided by what I invested. However, I know that this is not the real rate of return as I didn’t have 6,5K invested the whole year. I built this amount month after month.Another great thing about working as a financial planner is that you have access to all kind of tools built in Excel.
Therefore, I don’t need to bust my mind creating a system that will allow me to calculate my return on investments. I simply have to plug in the numbers!So the real number is 2.7%. I think it is pretty good considering the bad year we had. I believe that if I can continue this way in 2008, I will be more than ready to boom in 2009!
Now I am thinking about my next move in term of diversification. The major flaw in my investment strategy is that I am only invested in the Canadian market. I am now looking for an emerging market fund like a BRIC related fund so I can diversify my investments. If you know any good funds, let me know, that will help me out in my research.
I recently had to put all my stuff together in order to prepare my taxes. This is where I realize that having a separate account for my Smith Manoeuvre was a real charm. It took me 2 minutes to pull out the statement and calculate the amount of interest paid. I shove everything in an envelope and my accountant will take care of the rest!
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