Hello! This blog was created to chronicle my attempt at an extremely early retirement. I am a single person in his mid-thirties who holds down a public sector job with a pretty decent pension plan (one of the perks of having a government job). On April 15, 2008, my RRSP hit the $100,000 mark. This wasn’t the first time, as it was as high as $130,000 before dipping below the $100K mark as the subprime lending crisis took its toll on the stock markets.
My goal is to achieve a 20% return per year return on my RRSP for the next 9 years at which time I’ll be 45. Should I accomplish this, my RRSP will be valued at $515,978. I don’t anticipate making any more RRSP contributions because: a) I’ll be using the new TFSA instead and b) the commuted value of my corporate pension is already greater than $50,000.
20% per year is an ambitious goal for anyone, but I intend to do it with my stock trading techniques I’ve developed over the years. I’m primarily a breakout trader/trend follower. I’ve nothing against fundamental analysis (look at the value CCI – Canaccord Capital has) but I find that technical analysis works better for me. Buying breakouts has gotten me into stocks that I’ve never heard of before, however it has been richly rewarding.
I will post a screenshot of my RRSP portfolio every month so you can see the progress (or lack thereof) that I’m making.
The Sentinel
