Dividend Income & Portfolio Update
Personal Highlights
- The new year is here, the holidays are behind us, and we are back into the normal routines (school, dance, soccer, curling etc).
- I played in the Ironman Curling Bonspiel over the weekend, which was a ton of fun – although nothing like real curling. Basically you curl on the river, in -30 weather and the conditions are insane….no sliding out, just hucking the rock as hard as you can and hoping it lands somewhere in play. It was still lots of fun though, they had beer inside, everyone had flasks outside, and everyone is just there to have a great time.
- Most of our house renos we wanted to get done are complete – we still have a few small things to do before spring, and we still need to get a painter in, but so far we’ve been happy with how things are looking. I also grabbed a chair I’ve been wanting for years, as well as a couple vintage teak lamps.
- The kids both had field trips with school to the Aki center. This was Isaac’s first ever field trip with school and it sounds like he loved it. Holland is back in skating lessons with school as well every Monday.
- Had a work trip to Vegas in January – so I spent 4 nights there. The work part was good, the food was great, and best of all, I could sleep through the nights without a kid (or wife) snoring or punching me in their sleep…
- Two of my oldest friends (I’ve known them since grade 1) are turning 40 in the next 2 weeks(this year there will be a lot of us turning 40), so I am taking them out to a nice dinner this weekend to a place I’ve been wanting to try for quite some time – so definitely looking forward to that.
- Here are some pictures of the new chair and lamps I picked up in December/January:
Financial Highlights for January:
- Maxed out both TFSA’s in January! I am still sitting on quite a bit of cash in the TFSA’S, although I did make my first purchase of the year. I picked up 200 shares of Fortis.
- Received dividends from 10 companies and 3 funds. Dripped an additional 106 shares/units.
Dripped shares by year:
2023: 106
2022: 733
2021: 603 - Portfolio reached an all time high- cracked 600k for the first time!
- Back to back months of over $2000 in dividends for the first time ever as well!
Passive Income Update For January 2023.
TFSA’S:
Diversified Royalty Income: $32.91 (dripped 11 shares)
Telus: $67.17 (dripped 2 shares)
Artis Reit: $82.88 (dripped 8 shares) *Special Dividend*
Artis Reit: $51.80 (dripped 5 shares)
European Residential Reit: $23.55 (dripped 7 shares)
RBNK: $92.25 (dripped 4 shares)
Algonquin Power: $259.45 (dripped 27 shares)
Nexus Reit: $15.79 (dripped 1 share)
Canadian NET Reit: $10.81
TFSA’s Total: $636.61
RRSP:
Canadian Equity Income Distribution: $400.04 (dripped 11 units)
Equitable Group: $248.16 (dripped 4 new shares)
XAW: $295.60 (dripped 9 new units)
GoEasy Financial: $395.85 (dripped 3 new shares)
Transcontinental: $220.95 (dripped 14 new shares)
RRSP Total: $1560.60
Total Passive Income January 2023: 2197.21*
*29% of this was 100% Tax Free!
2023 Portfolio Update:
Portfolio increased 12.02% to a new all time high $610,029.29! I’m still holding 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 January were up were up 25% YoY compared to last January! This was also the first time ever I’ve had back to back months with over $2000 in dividends!
Update on Goals for 2023:
- Max out TFSA’S – DONE
- Read 1 book a month – Finished Soccernomics in January
- Pay an additional $10,000 on mortgage. – Haven’t started this yet. Though I have upped RRSP contributions.
- Bring wife on at least 1 work trip & do at least 1 family trip – 0/2
- Finish house renovations – Mostly Done
- Crack $20,000 in passive income – Current forward income is $16,441
As I mentioned in last months post – going forward, the plan is to actually invest LESS. I will continue to max out both TFSA’s each year and put a bit of cash bi weekly into our RRSP, but now that I’ll be FORTY this year, I want to start working on getting the house paid off, and slowly getting portfolio built more for retirement in the 5-10 years. I also want to start spending a bit more on things like travel, and entertainment, nights out with the family and friends, and other cool experiences. As of September 2023 the kids will also be out of daycare which will free up an additional $12,000 a year to either invest or pay down mortgage.
Cheers!
Moneymaaster 