Friday, 12 July 2013

2013 objectives: Mid year review

Back in January i posted my financial and non financial goals for the year. I thought now would be a good time to see how i'm doing, six months on:

Financial goals:

1) Reduce cash balances towards a medium term target of 20% of total assets.
This hasn't gone too well, with cash balances actually rising to 36% following a couple of large one-offs. It isn't all that bad though, i've been adding regularly to my investment portfolio which has kept cash below 40%. As i'm averaging just over 2% income on my cash so there's no urgent need to decrease this. I'll just carry on investing as & when opportunities arise.

2) Maintain investment discipline.
Apart from one hiccup where i lost money on a more speculative preference share investment (getting greedy with yield) this has gone reasonably well.  Whilst gold, silver and a couple of ETFs are under water, overall the portfolio meets my goals of broad diversification and high yield. I am also seeing market dips as buying opportunities rather than panicking like i may have done in the past.

3) Achieving a high savings rate.
This is going very well, partly thanks to the one-offs earned early in the year.  My current year to date savings rate is around 75% and whilst this will decline through the second half of the year, it should still end up in the high 60s. Stripping out the one-offs my savings rate would be around the target 60%. I've enjoyed a few treats this year, but will be comfortable spending a bit more in the second half, given i'm well on track with this goal.

Non-financial goals:

1) Improve fitness
Well logging my diet & fitness failed terribly, but i have been getting to the gym around 2-3 times a week at least. I'll try to pick this up a bit for the rest of the year.

2) Improve work/life balance
Workload has been bad this year, worse than last year. Whilst it has been quite stressful i've managed to keep weekends free and have maintained a decent social life. I think i can do better switching off out of work and will make a bigger effort to do this.  I've also booked some time off for holidays in the second half of the year.

Overall, financially it has been a great start to the year, but there are definitely points here that i can improve on. Reading these objectives again has certainly helped to refocus for the rest of the year.


  1. Sounds like great progress. That is an awesome savings rate.


  2. Hi traineeinvestor

    Yes its been a good start to the year for my finances.

    The part i'm struggling with at the moment is work/life balance, so looking forward to taking a few holidays later in the year.