Happy Halloween! October Update

Dividend Income & Portfolio Update

Personal Highlights

  • Another busy month!  My soccer season started, the kids are in dance & swimming, and I started my curling “career” with a win!
  • The cabin has officially sold, the money has cleared and we’ve begun spending it/investing it and making plans for the rest of it.  The first thing we did was we each took a bit of money to “treat ourselves”.  Amber bought a bunch of new clothes, spent some money on a girls trip and got a new Christmas Tree.  In typical Jordan fashion – I got an XBOX One Series X and some booze…hah.  A bit of what I bought:
    Booze
  • Some of the other cabin sale money will go towards: Maxing out Amber’s TFSA(done), redoing our roof (starting next week), renovating the floors in living room/dining room & upstairs (hopefully finished in November).  We are also contemplating finishing the basement – but undecided at this point.
  • The kids had their first school dance which was a blast.  We also went to “Boo @ The Zoo” which is like a mini halloween carnival at the Zoo.
  • We hosted a large Thanksgiving dinner (about 30 people) and it was so much fun seeing all the kids/cousins running around playing together.
  • We had our civic election last week in Winnipeg.  It ended in a much expected disappointment.  We re-elected a bunch of councillors with no vision and a new mayor whose main vision is to build more roads…meh.  We had 11 candidates running for mayor.  Voter turnout was so low, we almost had more candidates than voters…haha
  • Financial Highlights for October:

  • 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.  I am happy to report, I have officially maxed out both my TFSA & Amber’s TFSA (thanks to the proceeds of the cabin sale).  This means now I can drastically reduce the amount I was contributing every two weeks, or invest in a non registered account OR double up our mortgage payments.
  • In October I added 128 shares of Brookfield Asset Management to my TFSA.  I also added 440 shares of European Residential Reit.  These two purchases will add an additional $360.20 to my annual dividend income (100% Tax Free).
  • We are currently sitting on around $55,000 cash in our TFSA, waiting to scoop up some more great companies at discounted prices over the coming months.
  • Received dividends from 11 companies and 2 funds.  Dripped an additional 81 shares/units.  Last year I dripped a total of 603 new shares.  So far this year I have dripped 586 shares in the first 10 months!

Passive Income Update For October 2022.

TFSA’S:

Telus: $66.03 (dripped 2 shares)

Diversified Royalty Income: $30.21 (dripped 11 shares)

Artis Reit: $51.05 (dripped 5 shares)

Algonquin Power: $262.70 (dripped 18 shares)

European Residential Reit: $15.72(dripped 5 shares)

RBNK: $83.96 (dripped 4 shares)

Nexus Reit: $15.63 (dripped 1 share)

Canadian NET Reit: $10.64

TFSA’s Total: $535.94

RRSP:

Canadian Equity Income Distribution: $394.00 (dripped 11 units)

Transcontinental: $218.03 (dripped 13 shares)

NewFlyer: $37.01 (dripped 3 shares)

GoEasy Financial: $393.12 (dripped 3 shares)

Equitable Group: $231.57 (dripped 5 shares)

RRSP Total: $1273.73

Total Passive Income October 2022:  $1809.67*
*29.6% of this was 100% Tax Free!

2022 Portfolio Update:

Portfolio increased 14% to $549,484.91.  This is very misleading, as we injected over $50,000 cash into the portfolio this month.  If we remove the big cash infusion the portfolio is up about 3.7%.  The lower stock prices are a little annoying – but I’m not going to lie, I enjoy seeing the DRIPPED share numbers increase.  Adding almost 20 Algonquin Power shares, 5 Equitable Group & 3 GoEasy is real nice.  I plan to hold a bit of this cash for the coming months to try and scoop up some great companies.  A few I have my eye on: Brookfield, Interrent Reit, CP/CN Rail, RBNK and XAW.

Dividends in October were up 34.6% YoY compared to last October!

Last year (2021) I received $14,022 in dividends.  So far in 2022, I have received $13,358.03.  My forward 12 month dividend income is sitting at $15,707.00*.  
*That doesn’t include any year end/special distributions. 

I am still hoping to crack $18,000 by year end.  35% of my dividend income this year 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!  

 

September 2022 Update: Stocks go down too!

Dividend Income & Portfolio Update

Personal Highlights

  • On a personal level….September was BUSY – and it looks like things are just getting started…
  • Summer is over, school routines are back, Holland started dance again, Isaac starts swimming right away….my soccer season starts in a week, my wife starts curling in 2 weeks and I decided to play mixed curling every second Saturday starting later this month with my brother & wife…crazy times.
  • I spent 4 nights in Chicago this month for a work conference, but got to see a bit of the city, had a few good meals, and even met up with an old friend from high school who moved there many moons ago.  All around decent trip.
  • Watched a bunch of soccer (as is normal) but this included 2 Canada friendlies in anticipation of the World Cup.  We beat Qatar and lost to Uruguay, but we proved we can keep up with some great teams which was very cool.
  • We had a wedding over the weekend, which was a great time.  It was the kids first real wedding they’ve been too, and they had a blast.  We even made ourselves look semi presentable!
    wedding

  • We had our hockey pool draft yesterday.  This is a dynasty/keeper league, that I have been running for FIFTEEN years.  There are currently 9 teams in the league, and 6 of the 9 have been in the league for the full 15 years – which is pretty cool.  It’s always fun to get together at the start of the season, have some beers, and see the boys.  I’m pretty happy with how my team turned out – but I say that every year…hah
  • Some pretty big news….we officially sold our cabin!  This is a bit bittersweet – we’ve had the cabin for 10 years, and always love going out there – unfortunately we’ve never really loved the cabin itself.  We bought it before we had kids, and we’ve kind of outgrown it.  We will keep an eye out for a new one in the coming months/years – but we are also kind of excited to spend a summer or two in the city – as we’ve pretty much been out at the cabin every weekend from May to September for the last 10 years.  On the plus side, the cabin was mortgage free, and we got double what we paid for it, so I am expecting a nice little deposit into my account soon.  The plan is to do a few house renovations, max out Amber’s TFSA with some stock purchases, and let’s be honest, probably buy some nice whiskey

  • I’ll do up a post on the cabin proceeds, and what stocks I end up buying, but right now the plan would be to add to my positions in: BAM, XAW, TELUS & RBNK.

  • Financial Highlights for September:

  • 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 9 months of the year I’ve been able to contribute $23,638.13.  I am hopeful by the end of the year I’ll have this maxed out.  Amber still has about 50k contribution room left, which I will max out once the cabin sale is processed.  Aside from the obvious benefit of adding $50k into more dividend stocks/forward income, by maxing out both TFSA’s it will give us a lot of extra cash per month which we no longer need to dump into our accounts.  We can use this to either pay down the mortgage, invest in RRSP or non registered accounts, or just enjoy on some trips, renovations, and fun toys.
  • In September, I contributed $1200 to my TFSA.  I now have just $5975.87 contribution room left to max out before the end of the year!
  • Received dividends from 10 companies and 2 funds.  Dripped an additional 65 shares/units.  Last year I dripped a total of 603 new shares.  So far this year I have dripped 505 shares in the first 9 months!

Passive Income Update For September 2022.

TFSA’S:

Diversified Royalty Income: $30.02 (dripped 10 shares)

Artis Reit: $50.85 (dripped 4 shares)

European Residential Reit: $15.25(dripped 4 share)

RBNK: $81.77 (dripped 3 share)

Brookfield Asset Management: $36.78

Western Forest: $26.44 (dripped 17 shares)

Canadian Western Bank: $0.31

Manulife: $346.50(dripped 15 shares)

Nexus Reit: $15.57 (dripped 1 share)

Canadian NET Reit: $10.64

TFSA’s Total: $532.36

RRSP:

Canadian Equity Income Distribution: $393.00 (dripped 10 units)

Alimentation Couche Tard: $66.66(dripped 1 share)

RRSP Total: $459.66

Total Passive Income September 2022:  $992.02*.   
*54% of this was 100% Tax Free!

2022 Portfolio Update:

Portfolio decreased 5.1% to $481,399.37.  This is the lowest my portfolio has been since March 2021.  Normally I’d be pretty annoyed by this…BUT with a bunch of cash about to come in from the cabin sale, lower prices is actually kind of nice right now, plus my dividend income continues to grow each month/year.

Dividends in September were up 34% YoY compared to last September!

Last year (2021) I received $14,022 in dividends.  So far in 2022, I have received $11,548.03.  My forward 12 month dividend income is sitting at $15,476.00*. 

*That doesn’t include any year end/special distributions. 

I am still hoping to crack $18,000 by year end.  37% of my dividend income this year 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!