Thursday, July 6, 2017

2017 Mid-Year Review: Goals, Achievements and Pending Plans


The first half of 2017 is already in the history books and it's a good time to review the goals and targets that I listed for this year. It's been a good year so far; I may have been busier and had lesser sleep, but it's ok since most of the plans are progressing well.

Without further ado, I would like to share my goals and targets for the year 2017.



1. Launch Play and Learn Manila


We initially conceptualized Play and Learn Manila in the last quarter of 2016 as an online store selling educational toys and brand new children's books, but it's only on January 9, 2017 that we finally launched it on Facebook and Instagram as an online bookstore carrying brand new and preloved children's books.

While the store was able to sell a couple of books every month, we honestly felt that it's not enough for the effort that we're putting into it. We tried to improve the way we sell books but it hardly mattered. Around May, my wife already asked me if we will still pursue this project since it seems to be going nowhere, but I said let's give it a month or two before we re-assess again. Good thing that in June, after doing a couple more tweaks, sales started to pick-up (which even exceeded our expectations), and we're now more motivated than ever to continue the project.


2. New blog - The Curious Daddy


My first attempt to serious blogging was Make Your Peso Grow, a finance blog that I started in 2015. I felt kinda limited, though, to what I can write and eventually lost the drive to continue it after a year. And so for 2017, I planned to start another blog, this time a lifestyle blog where I can write anything interesting under the sun.

On January 18, 2017, I finally launched The Curious Daddy blog, and a month after that, I already got the opportunity to review a book! :) Since then, I got more opportunities to connect to various brands; some even contacted me out of the blue to write sponsored posts for them.

I honestly didn't expect to achieve these things this early, so I really feel blessed and thankful to you, my readers, for the continuous support. Seeing my posts being shared on Facebook and getting more clicks in Google Search keep me motivated to continue improving and keep on posting interesting stuff.

By the way, in case you haven't done so, please support me by liking The Curious Daddy Facebook page. Thank you! :)


3. Start another business


I already started conceptualizing an e-commerce service early this year, but since I had to focus on other important things, I had no choice but to shelve the project first. I'm hoping that I can work on it again (probably on 2018 already) since it will benefit not only consumers, but also other Filipinos who will take part in it.

I'm also interested in putting up a self-service laundry shop, especially now that my area is slowly being filled with condominium buildings. Hopefully, I can still study the business and crunch the numbers before the year ends.


4. Find other investment opportunities (e.g., Philcrowd, FarmOn, El Subastahero)


For 2017, I wanted to look at other opportunities for passive income such as PhilCrowd and FarmOn. I also wanted to consider investing in foreclosed properties via Noli "El Subastahero" Alleje. I'll do my best to study these options within the year.


5. Attend Franchising Expo


The Franchise Asia Philippines (FAP) Expo is slated on July 21-23, 2017 at SMX MOA. I've already cleared up my schedule to attend the event. Hopefully, I can get something good from it. No expectations, just want to see other options that I can consider. But yeah, I'm envisioning putting up a franchise in Unimart - Capitol Commons in the future. Let's see what will happen. :)


6. Additional life insurance


I was already set to get a term life insurance from Cocolife, only to find out that it only covers personal accident and disability. No wonder the annual premium is really low (₱2,000 for ₱1M coverage, ₱4,000 for ₱2M and ₱6,000 for ₱3M). After giving it some thought, I might still continue with the plan, since the main purpose of this life insurance is for accidental death (yeah, it sounds weird, but we really have to prepare for things like this sometimes). But before contacting my Cocolife agent, I'll review again the term life insurance proposals I received from Philamlife, Sunlife and Manulife. I'll definitely get one this year, as planned.


7. Regularly check company disclosures / news and price charts


I have to admit that this year, I haven't checked company disclosures and news as much as I wanted to due to time constraints. And since I've already acquired the stock that I wanted to hold this year, I'm not really checking price charts regularly. Good thing in a way since I don't have to worry about short-term price fluctuations (ok, that's me trying to justify my laziness or poor time management :P).

Anyway, I know that if I wanted to improve on my short term trades, I should pay more attention to these things. I missed a lot of good trades with handsome profits during the first half of the year because I failed to work on my plan. I have to review my daily schedule so I can slowly add these tasks to my system.


8. Grow stock portfolio by 20%


As of July 4, 2017, my stock trading portfolio is up by 25.95%. Compared to the PSEi performance of 14.18% and the best equity UITF fund performance of 16.95% (via Security Bank's Peso Equity Fund), I think I'm doing a pretty decent job. Actually, my conservative target for stocks is only 10% per year, but for 2017, I wanted to challenge myself so I set a 20% target. Maybe I should set a higher target next year. :)


9. Learn how to develop an iOS app (Xcode, Swift)


This is actually an ambitious plan for someone who never loved programming. I'm just really curious on how one can make an iOS app, then think of useful programs later on. Would you believe that this is one of the reasons why I decided to get a Macbook Pro? :P But with the time I'm spending on Play and Learn Manila and The Curious Daddy blog, I'm starting to feel that this plan will not materialize this year. Well, I can still add it to my 2018 list anyway. It's never too late to start learning how to code. :)


I just realized that I listed too many things to do this year. Now, it feels like there's so much things to do with so little time. While I intend to fulfill most of the targets, I've already accepted that other plans need to be moved to 2018. I also realized that it's actually nice to do a mid-year review, you'll  get to know the things you need to improve on. In my case, time management.

I'm claiming that the rest of 2017 will still be awesome and abundant with opportunities. I hope yours will be, too. :)


How about you, how's 2017 going? I'm curious to know what you've accomplished and what you plan to accomplish for the rest of the year. Share it in the comments section below. :)



You might also be interested with the following posts:

How We Survived the No TV / No Tablet Rule for our Toddler
10 Truths Newbie Stock Traders Should Know
5 Reasons Why I Prefer Grab Over Uber
Book Review: My Key Takeaway from Money Grows on Trees
Shop from Amazon, Ship to the Philippines, Get Tax Refund

2 comments:

  1. Glad I came across this. I will be visiting your online store ti check out your books.

    Mine is the opposite. I did.not plan much this yr because I am pregnant and will actually give birth in a few days! So I didnt want to push myself too hard this yr. But then so MANY good things happened mostly unexpected, so I am going to be planning for the last 2 quarters this yr with more excitement!

    ReplyDelete
    Replies
    1. Glad to hear that, will be praying for a safe delivery. That's a wonderful early Christmas gift! :)

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