Friday, July 01, 2005

The Man Who Plans to Retire at 37 (RET37) Reports Q2 2005 Results

RET37 today reported that earnings for the quarter ended June 30th has increased 28.5% at $9k from $7k compared to the previous quarter ended Mars 31tb, resulting from increased income from investments.

Expenses decreased very slightly from $4299 to $4278 on insurance costs.

Assets increased $15k to $196k from $181k in the previous quarter. Liabilities increased to $75k from $69k. Liabilities include $32k put aside in provision accounts, comprising $22k for contingencies, $2400 future tax provision, $700 for travel, $700 for car repairs, $2100 for home repairs and $2500 fund for investment bad times.

Total wealth (net assets) at the end of the quarter amounted to $121k.

Excellent investment returns in the quarter
Yields on stock and mutual funds were much higher compared to the previous quarter. After getting rid of a bad stock, two stocks were sold after over 10% gain each after less than three months, another one was sold with a 30% gain (bought december 2004) and another stock, still in the portfolio, increased 70% in the quarter, up 170% since April 2004. This was partly offset by slight decreases in three other stocks and near flat results in RRSP ETFs funds, bonds and cash investments.

RRSP portfolio returns increased slightly on a nest egg of $43k during the quarter, but the yield is a non-annualized 6% in the trailing nine months. Other investments include $20k cash in an INGDirect account yielding an annual 2.4%.

A Canadian stock market correction is expected, and as a consequence, about 20k has been transferred, in part into American indexes, a part into a REIT ETF and the remaining amount to cash accounts. About 25k remains in individual stocks.

Forward looking statement
I expect the stock market to be mixed in the next quarter. Canadian stocks could drop if oil prices decline, since the TSX is highly exposed to oil-related stocks. Interest rates are not expected to move a lot in the next quarter, as inflation is kept under 2%. On the other hand, American stocks might increase after two flat quarters and rather bright outlook.

Statement on Retirement Target
Retirement is scheduled for not later than October 1st, 2012. Since the retirement plan was decided ten months ago, results are on track to raise about $175k registered and $169k unregistered and $40k equity in real estate for a total of $384k at 2012’s dollar. Expenses in 2012 would be inflation-adjusted $20k annually.

According to calculations using historical data (using FireCalc) and the number of years before target, I estimate that the probability of retiring by the target date has increased to 74% in this quarter from 72% in the previous one. The main reason for this increase is positive returns on investment.


Anonymous Anonymous said...

[quote] Statement on Retirement Target
Retirement is scheduled for not later than October 1st, 2012. Since the retirement plan was decided ten months ago, results are on track to raise about $175k registered and $169k unregistered and $40k equity in real estate for a total of $384k at 2012’s dollar. Expenses in 2012 would be inflation-adjusted $20k annually. [/quote]

Mine looks like DEC 1, 2012. My question is, what are you referring to as "registered" and "unregistered"?

7:51 PM  
Blogger Jack said...

Registered/unregistered are used to identify taxable accounts vs non-taxable ones. Thus, 401k and RRSP are registered investments.

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