February 2020 Dividend Update:Perception Vs Reality

Dividend Report

Personal Highlights for February:

  • The wife and I both started our new jobs in February.  So far so good.  The kids have been super active and having a great month.  We celebrated Valentines Day with some Wine, Whiskey & Thai food.
  • The Corona Virus has been all everyone has been talking about lately.  It’s caused a pretty big drop in most people’s portfolios as well.  I’m not going to pretend like I know if the market will continue to sink, or rebound quickly – but what I WILL say is this….

The amount of panic and people freaking about about a drop in the market is INSANE.  My portfolio is 100% equities. It dropped -5.41% since last month.  In the 5 years I’ve been tracking my portfolio – this isn’t even the largest 1 month drop I’ve experienced.  In fact, my portfolio although down from it’s all time high, is only back down to where it was a few months ago.  Here is a little visual for some perspective.  

S&P 1 YEAR CHART: The Sky Is Falling (Perception)

S&P 1 YEAR CHART

S&P 5 Year Chart: This is a BLIP (Reality)

S&P 5 Year Chart

Don’t get me wrong – the market could continue to plummet (wouldn’t surprise me), but this (so far) is nowhere near 2008-09 levels.  Even if the market does keep plummeting, I plan on sticking to my plan, holding good companies for the long haul and reinvesting my dividends at a reduced rate while the stocks are on sale.

  • Received this bottle of Barchef Toasted Old Fashioned in the mail, from a fellow blogger/reader of the site who has a personal connection to the Barchef Project in Toronto. He knows I am a huge whiskey/cocktail fan, and hooked me up with a bottle!!  I haven’t tried it yet, but once I do I’ll be sure to post a review!  Big thanks to Money Mechanic for sending it – and if you aren’t familiar with his site/podcast, check it out HERE

    Toasted Old Fashioned

  • Speaking of whiskey, I finally got around to reviewing 2 different bourbons that I had purchased in a lottery over a year ago.  E.H Taylor Single Barrel & Weller 12 Year.  You can read both reviews HERE
  • Financial Highlights for February:
  • Continued bi-weekly deposits into Spousal RRSP, and TFSA however still just small amounts. We plan to up these after a few months at the new jobs.
  • My previous work pension RRSP was transferred over, and I put it to work right away. In hindsight, I could have got a slightly better deal if I had waited a couple weeks – but as if I actually knew the market would dip, besides in 10 years, it won’t matter.
  • Made the following puchases in February:
    – 190 shares of Chorus aviation (TFSA)
    – 175 shares of GoEasy (RRSP)
    – 1500 shares of XAW (RRSP)
    – 400 shares of Diversified Royalty (TFSA)
    – 269 shares of New Flyer (RRSP)
  • After these purchases, my forward annual dividend income went from around $9800 to $11,800.  My goal for the year was $12,000, so barring any big setbacks, dividend cuts, etc I should hit the target!
  • I was paid dividends from 5 companies, and 1 funds in February.  I dripped a total of 25 new shares/units.
  • Received dividend increases from Transcontinental, Diversified Royalty Income and the Canadian Equity Income Fund.
  • Portfolio dropped in value for the first time in 6 months.

Passive Income Update For February 2020.

TFSA’S:

Diversified Royalty: $17.60(dripped 5 shares)

Artis Reit: $27.90 (dripped 2 shares)

Interrent Reit: $4.29

Plaza Reit: $14(dripped 6 shares)

Chorus Aviation: $11.84 (dripped 1 share)

TFSA’s Total: $90.77

RRSP:

Canadian Equity Income Distribution: $347.30 (dripped 11 new units)

Total Passive Income February 2020:  $438.07

Portfolio Update:

My portfolio currently sits at: $357,310.98.  This represents a drop of 5.41% from last month.  Although I never like seeing red…I know its all part of the game, and I plan on sticking to my plan and adding a bit each month.

Passive income in February was $438.07.  This is usually the smallest month of the year, and with my new purchases, I hopefully won’t see another month below $500 again…EVER!

My forward annual dividend income is $11,800.15.  I updated my portfolio, and expected dividends HERE

Cheers.

 

Weller 12 Year Bourbon Review

Just a reminder: Each review will follow the same template, and include a score.  Please enjoy responsibly 🙂

For those unaware, Weller 12 bourbon has become extremely hard to find, sells at a huge premium to MSRP on the secondary market, and gives all the bourbon bro’s boners if they ever find a bottle.  I had never tried it, and a year ago, I was lucky enough to score some at MSRP (so I picked up 3 bottles for 59.00 each).  I bought into the hype, I had to see if it really was “Poor a poor man’s Pappy” as they say….

Weller 12 Bourbon Review

Weller 12 Year

Date Reviewed: February 26, 2020

Atmosphere: In a Glencairn glass, neat at home.

Distillery: Buffalo Trace

Mash:  Unspecified – but same Mash & Ageing as Van Winkle Lot B

Age: 12 years

Type: Bourbon

ABV%: 45%

Price I Paid: $59.00 Canadian

Appearance:  Amber, Burnt Honey

Nose:  No dominant, or overpowering scents.  Slight brown sugar and oak. A hint of dried orange peel – all very muted.  This particular bottle has been open about a year.

Palate:  Oak and a general dry woodiness is what stands out.  Thick and oily mouthfeel – it coats the roof of the mouth and makes you feel like you need to chug a glass of water.  Second sip is softer and sweeter. Vanilla and brown sugar poke through.

Finish: Long and thick. Quickly goes from woody and dry to soft and sweet.

Conclusions:  Each sip is better then the last.  The problem with this bourbon is the hype.  Overall it’s a good – even a great bourbon, but you typically can’t just go buy it – and if you can -usually you are paying 2-4 x MSRP.  If you can find it for $60 buy it, and you will enjoy it – but don’t buy into the hype and spend $200 on it.  There are much better bottles in the $60-100 range.

I would buy this again at MSRP,  hell I’d even buy a couple just to trade.  I originally bought 3 (before I had even tried it), and ended up trading 2 of them for much more than MSRP.  The hype is real…

Overall Score:  83/100*

*If it was readily available for 59.00, I’d probably rate it around 85-86.  The scarcity, and the fact it is so overrated brings it down a few points for me.

Cheers.

Quick update: First 2 purchases of 2020!

Howdy! It’s been a while since I posted, and unfortunately I don’t have too much time today either, but thought I’d pop in quick to say I’m still alive, and I made my first two stock buys of 2020!

Today the market was red, everyone was panicking, and I took the opportunity to add to two of my positions as they dipped from their all time highs.

The first purchase of the day was in my wife’s TFSA (Tax Free Savings Account). I had been sitting on about $1200 in cash in this account for a while, and today I noticed that one of our existing positions (Chorus Aviation) was down almost 8%. The stock price is low enough that the existing cash I had was enough to pick up a decent amount of shares, and allow us to DRIP an additional share each month. I won’t go into the “why” I purchased Chorus Aviation, because I’ve spoken about the company before. The deal with Air Canada has been extended, so the dividend is secure, and they’ve been growing their leasing business as well. This is one I plan on holding/Dripping for the long term.

The crazy thing is, just 5 weeks ago Chorus hit its 52 week high. Today it hit its 52 week low. I was only able to add 190 shares, but that is enough to DRIP an extra share each month, and adds just under $100/year of of tax free passive income.

The second purchase of the day was a little more significant. I’ve been sitting on a decent chunk of cash in my RRSP (registered retirement savings account), because I transferred my previous jobs pension out to my direct investing account. Although I didn’t put it all to work, I did pick up another 175 shares of GoEasy financial. This is a fairly new position of mine, which I purchased at the end of last year. Here are my reasons for owning it. I’d also like to point out that since I originally purchased Goeasy in November of last year, they’ve raised the dividend, initiated stock buybacks and had another record breaking year. The purchase will add an additional $315 to my dividend income.

My plan for the rest of my RRSP cash is to beef up my position in my global ETF (XAW), and start positions in New Flyer & Andrew Peller. I’m just not sure if I’ll do it right away, or see if the market continues to dip. I’m not one for “timing the market”, but I’m in no rush right now, so we will see…..

Anyways, with the new job(s) and two sick kids, we’ve been pretty busy around here but hopefully I can get back into the groove next month and pump out a few more posts.

*update* I just noticed these purchases put me over $10,000 in forward dividend income for 2020!!

Cheers!

E.H Taylor Single Barrel Review

Just a reminder: Each review will follow the same template, and include a score.  Please enjoy responsibly 🙂

This is a bottle I scored about a year and a half ago in a bourbon lottery.  I have had it a few times, but finally got around to reviewing it last night.  This is one of the nicest looking bottles I’ve seen.  It comes in a nice sleeve, and the bottle design makes you feel like you are drinking a bottle from the 1800s.

EH TAYLOR SINGLE BARREL

E.H Taylor Single Barrel Bottled In Bond

Date Reviewed: February 2, 2020

Atmosphere: In a Glencairn glass, neat at home.

Distillery: Buffalo Trace

Mash:  Buffalo Trace mash bill #1

Age: No Age Statement.  Thought to be 7 years.

Type: Bourbon

ABV%: 50%

Price I Paid: $85.00 Canadian

Appearance:  Watery gold, liquid caramel.  Pretty standard bourbon look.

Nose:  Fairly subdued nose.  What sticks out is a hint of spice, brown sugar and cherries.  There is a slight hint oak, and very faint hint ethanol but much less than you’d expect for a 50% bourbon.

Palate:  Small amount of heat on first sip, but quickly followed by a sweet vanilla or cherry coke after taste.  Mouthfeel is woody and oily which lingers in a good way.

Finish: Medium length finish with a sweetness to it.  No burn going down.  Definitely noticed this one got better after the bottle had been opened for a month or two.

Conclusions:  I’ve never had a bottle grow on me as much as this one.  When I had my first sip I really didn’t like it.  Each subsequent sip I’ve had since I’ve liked more and more, to the point where I am getting sad that my bottle is almost empty. Lucky for me, I bought 2 bottles, and still have an unopened one :).

I would buy this again at MSRP, and the bottle design alone makes it worth having in your collection/on display.  That said, it is a pricey bottle, and there are a lot of other great bourbons at the same price point or lower.

Overall Score:  85/100

 

Cheers.