Quick May Update. Travel, Whiskey & Dividends

Empire State Building Glenmorangie

Dividend Income & Portfolio Update

Personal Highlights

  • May was a fun/busy month all around.  My daughter (and her cousin) had their first ever dance recital in front of 500+ people(and they nailed it)!  The kids have also been in swimming Mon-Thursday with dance on Friday – so the weeks have been super busy-but fun.
  • I jumped on a plane and travelled for the first time since 2020.  I attended a conference in New York and had a blast.  The work bit was super busy and productive, but we also enjoyed some excellent dinners, lots of cocktails and even enjoyed a sip of Van Winkle 12 year (along with some other great whiskeys).  
  • I didn’t take a lot of pictures from the NYC trip, but here is one from a rooftop bar enjoying a Glenmorangie 18 year with some nice buildings in the background..
    NYC
  • Attended my Aunt’s retirement party which was a lot of fun seeing all the kids/cousins playing together.  
  • A few other pics from the recital…

     

  • Financial Highlights for May:

  • Regular readers will know I’ve been really focusing on maxing my TFSA out this year.  As of January 1st, I had $29,614 contribution room available.  In the first 5 months of the year I’ve been able to contribute $18,056.46.  I am hopeful by the end of the year I’ll have this maxed out.  Once this is maxed out – we will focus on maxing out Amber’s(she has 50k+ room).
  • In April, I contributed $1133.77 to my TFSA.  I have just over $11,558.00 contribution room left to max out before the end of the year.
  • May continues to be one of my slowest months as far as dividends go.  The good news is – it is followed by June which is usually my 2nd largest month (after December).
  • Thanks to dripped shares – I am now receiving over $50/month from Artis Reit!
  • Received dividends from 5 companies and 2 funds.  Dripped an additional 27 shares/units.  Last year I dripped a total of 603 new shares.  So far this year I have dripped 267 shares in the first 5 months!

Passive Income Update For May 2022.

TFSA’S:

Diversified Royalty Income: $29.25 (dripped 10 shares)

Artis Reit: $50.05 (dripped 4 shares)

European Residential Reit: $8.09 (dripped 1 share)

RBNK: $72.17 (dripped 2 share)

Nexus Reit: $15.36 (dripped 1 share)

Canadian NET Reit: $10.64

TFSA’s Total: $185.56

RRSP:

Canadian Equity Income Distribution: $388.78 (dripped 09 units)

RRSP Total: $388.78

Total Passive Income May 2022:  $574.34.  This is my first month under $600 this year – but I am still averaging over $1300/month and have 2 of my largest months still to come (June & December).

2022 Portfolio Update:

Portfolio increased slightly to $526,562.12, although I am still down about $40,000 from my all time high.

Dividends in May were up 14.34% compared to last May.

Last year (2021) I received $14,022 in dividends.  So far in 2022, I have received $6731.52.  My forward 12 month dividend income is sitting at $14,958.00.  That doesn’t include any year end/special distributions.  I am still hoping to crack $18,000 by year end.  34% of my dividend income ($2292.45) in 2022 has been completely tax free.  Last year – only 25% of my income was tax free – so it’s nice to see the focus on the TFSA has been paying off!  

How was your May?  

3 thoughts on “Quick May Update. Travel, Whiskey & Dividends”

  1. Hi Jordan,

    Great post as usual…I love how you incorporate your family life into the posts…you definitely have your priorities straight. I’ll be turning 60 soon…and have had most of my portfolio (80%) in cash or cash equivalents for some time now…looking to fully retire at 65…working 4 days a week now …and from home…woohoo!

    I definitely have to buy at the lows to maximize as much as possible…I believe we have great opportunities in the months ahead.

    Always enjoy your perspectives…I hope you and your Family have a great Summer

    Cheers

    Tony

    Sent from my iPad

    >

    Like

  2. woot woot. Another great month bud.

    Seems like everyone’s girls are having recitals these days. Was a great quick moment when they were on stage. =).

    Nice work focusing on the tfsas. I actually just maxed one of our accounts but still got about 18k to max the other. Kinda cheating with the heloc, but its all good. Problem I have is the Canadian bias… I way rather lower our canadian exposure but just cant get myself to own us stocks in our tfsas at the moment.

    Anyways keep it up bud, xaw payout coming soon!
    cheers man

    Like

  3. Great post! I also love how you incorporate a little bit of personal with the finance. Right now we are in debt paying and expense reducing mode but next year I will be going heavy on dividend stocks and enjoy reading all about other’s adventures.

    Liked by 1 person

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