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:
  
• 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!  

 

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