Goodbye 2017. Final 2017 Update, Milestones & 2018 Goals…

2017 is over, and although it seems like it went by extremely fast, I am excited by what was accomplished, and what 2018 has in store for us.

In 2017 the following 3 things happened which shaped the way the year went for me:

  1. My son Isaac was born
  2. Bought our “forever” home
  3. Started this blog to help track my goals, progress and keep me sane

One of my first blog posts I wrote was my goals for 2017, and although I didn’t accomplish all of them, considering I only had 6 months since writing them down I think I did okay.  Here is a quick reminder of what they were – and how I did:

Personal Goals (Completed 4/5)

  1. Start setting goals! PASS
  2. Sell our house & buy a new house PASS
  3. Start a website & keep it updated PASS
  4. Spend more time at home/with family PASS
  5. Try 5 new restaurants (with Amber) FAIL

Oddly enough, the only goal I wasn’t able to accomplish was what would SEEM like one of the easiest.  That said there were multiple times that I did try to get out to new places, a lot of the time she was just too tired, we couldn’t get a sitter, etc.  I guess in 2018 I’ll need to try a bit harder.

Financial Goals (Completed 2/3)

  1. Get Amber “set up” financially PASS
  2. Eliminate all debt (not including mortgage) PASS
  3. Get total portfolio Value to $320,000 by December 31 FAIL

2018 was a pretty good year for the portfolio, and I believe I would have hit all three targets if we hadn’t spent a bit more on the house than we had originally planned.  That said, we love the house and I have no regrets.

Even though my portfolio fell short of the aggressive $320,000 goal I had set, I did hit a new milestone in 2017 as my portfolio finished the year at $301,375.67 which was the first time it broke $300,000!  My portfolio started the year @ $251,880.81 which means I was about 500 dollars away from a yearly increase of $50,000!

My goals for 2018 are going to be short and sweet:

2018 Personal Goals:

  1. Increase the amount of blog posts – and the range of content on this site
  2. Get life insurance &  a will in order
  3. Take the wife to 5 new restaurants (Going to try this again)

2018 Financial Goals:

  1. Sell off my Mutual funds through my bank and replace them with low cost ETF’s and individual stocks
  2. Receive $10,000 in passive dividend income
  3. Increase overall portfolio to $350,000.00

Now onto the fun stuff….December Update:

 

Personal Highlights for December:

  • Celebrated our first Christmas with Isaac
  • Hosted our first ever Christmas Family dinners (40+ people on xmas eve and 30 on Boxing Day).
  • The kids got RIDICULOUSLY spoiled, our house is filled with toys, books, clothes, and more.  We plan on going through a bunch of their old toys, clothes, and donating this month.
  • Isaac has started pulling himself up on the table, and got his first 2 teeth

Financial Highlights:

  • Total investment portfolio broke the $300,000.00 milestone
  • Amber’s TFSA recieved over $100 in dividends for the first time and also recieved more than my TFSA for the first time.
  • Continued bi weekly payments into RRSPs & Spousal RSP.
  • Amber’s TFSA/RRSP are now over $20,500.  (They didn’t exist 6 months ago)

 

Passive Income Update For December 2017.

J’s TFSA:

Diversified Royalty: $9.03 (Dripped 2 new shares)

Lucara Diamond: $7.00 (have since closed this position)

Artis Reit: $49.59 (Dripped 3 new shares)

Plaza Reit: $24.62 (Dripped 6 new shares)

Ambers TFSA:

Chorus Aviation: $10.76 (Dripped 1 share)

Intertape Polymer: $49.49

Alimentation Couche Tard: $11.25

TOTAL TFSA’S:      $202.59

 

RRSP:

Canadian Equity Income Distribution: $213.01

Global Dividend Fund Distribution: $422.33

Total Passive Income July 2017:  $837.93

Portfolio Update:

With the contributions to Amber’s TFSA, my continued bi weekly contributions and this seemingly never-ending bull market our portfolio hit an all time high: $301,375.67!  Looking forward to see what 2018 brings!

 

November 2017 Update. Sit down with me, let’s have a drink.

Happy December!  Here is a quick update for November.  Had a pretty busy month!

Personal Highlights for November:

  • Our daughter turned 2 – and we had our first (of many) parties in the new house.
  • Got the Christmas tree set up and decorated.  Had my first couple rum & eggnogs:)
  • I’ve always been big into cocktails, and trying new concoctions, and lately I’ve been taking it to the next level, trying to learn a little more about the history of certain drinks, experimenting with different flavors, techniques, etc.  I’ve started posting some of my favorites to my Instagram.  I think eventually I’ll add a section to this blog as well where I will post some new recipes, rate some different spirits, etc.  Pictured below: Americano & Classic Negroni!
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Financial Highlights:

  • Due to the stability concerns in Zimbabwe I sold my shares of Caledonia Mining.  This is still one of my favorite stocks, but until things play out I thought I’d get out and watch from the sidelines.  I also decided to close my position with Lucara as the stock has been pretty disappointing.  I decided to use the proceeds to get back in the Marijuana industry as I had previously liquidated my shares of Organigram & Aurora.  I purchased 7071 shares of LGC Capital (LG) for $0.21 and 4000 shares of National Access Cannabis (NAC) for $0.20.
  • Redeemed my credit card reward points for $650 which I put into my RSP.
  • Continued bi weekly payments into RRSPs & Spousal RSP.
  • Amber’s TFSA/RRSP are now over $20,000.  (They didn’t exist 6 months ago)
  • Amber’s TFSA recieved it’s first dividend from Chorus Aviation (which dripped an extra share).

Now on to the fun stuff.

Passive Income Update For July 2017.

TFSA’S:

Chorus Aviation: $10.72 (dripped 1 share)

Diversified Royalty: $8.99 (Dripped 2 new shares)

Artis Reit: $49.32 (Dripped 3 new shares)

Plaza Reit: $24.50 (Dripped 5 new shares)

TFSA’s Total: $93.53  

RRSP:

Canadian Equity Income Distribution: $209.32

Total Passive Income July 2017:  $302.85

Portfolio Update:

My portfolio grew by 3.38% month over month and once again hit an all time!  Total investment portfolio now sits at $297,039.95.  Assuming there isn’t a market crash I should break the $300k mark by the end of the year!

The sell off of Caledonia & Lucara will see my yearly dividends reduced (for now) but I am hopeful the growth in NAC & LG will more than make up for it in the long run.  I still want to get back into Caledonia Mining eventually as I believe it is hugely undervalued.  I also still have my eye on Andrew Peller.

Hope everyone else had a productive month as well!

November Stock Roundup: Intertape Polymer beats on earnings.

This month a few of my stocks have reported earnings:

  • Caledonia Mining
  • Artis Reit
  • Intertape Polymer

While, most of them did well.  I was extremely pleased with Intertape Polymer’s results.  You may recall I purchased ITP just over a month ago when it was near its 52 week low.

Here is what I said in October:

“The business itself is boring, but it has paid and increased the dividend for over 5 years (yields 3.5%)in US dollars, has increased earnings year over year and was trading at a 30% discount to the 52 week high.  I purchased 275 shares @ 19.08.”

The stock had been beat up for no apparent reason, and last week they reported EPS of 0.32 vs the analyst expected 0.29.

Here are some other notes from their earnings report:

  • Revenue increased by almost 18% (mostly due to acquisitions)
  • Net earnings increased from $13 to $19.2 million
  • Adjusted EBITDA increased 15.9% to $32.4 million
  • ITP repurchased/cancelled almost 500k shares
  • Revenue in the fourth quarter is expected to be greater than last year
  • Gross margin & adjusted EBITDA are expected to be greater in the 4th quarter than last year.

All in all, it was a great report, and it looks like the next quarter should be just as good if not better!

Here are a few notes from some other stocks I own that reported earnings over the last week or two.

Caledonia Mining:

This has been one of my favorite stocks for the last few years.  It never seems to get the attention it deserves, but it continues to be well positioned financially, trades extremely cheaply and has a lot of cash on hand.  I hope with their increased cash position & low stock price the company decides to buy back some shares.

  • Increased gold production &  gross & net profit
  • Increased EPS
  • Broke a record for most gold produced in a single quarter
  • Increased their overall cash position – net cash now close to 12 million
  • Plans to extend depth of the mine which should result in 4 extra years of production.

Artis REIT:

Artis is a REIT headquartered in my home town of Winnipeg.  They own buildings all across Canada & the USA.  The stock had been beat up the last couple of years due to a high % of their properties being in Alberta (when oil prices dropped, the Alberta economy tanked & a lot of the buildings lost value/became vacant).  Over the last couple of years they have been selling off some Alberta properties and expanding in the US market.  It looks like this move is starting to pay off.

  • Net operating income from Alberta has been reduced from almost 40% to 25%
  • Because a third of their income comes from USA when the Canadian dollar is weak, the returns are even stronger
  • Reduced total debt to EBITDA
  • Continuing to reduce retail exposure
  • Reported FFO per unit of $0.36
  • Dividend currently yielding a whopping 7.6%. The payout ratio is pretty high, but they should be able to continue to pay as they have been able to consistently reduce their debt.

 

Plaza REIT just gave me a raise (again)!

Just a quick update on one of my favorite REIT’S:

Plaza Reit PLZ.UN just increased their dividend for the 15th consecutive year!  Plaza is one of 2 REIT’S I currently own, and was the first REIT I ever purchased.  Although the retail REIT’s are getting beat up pretty good with the Amazon/online threat, I still like Plaza for the medium to long term as they have a proven history of responsibly increasing their dividends/growing their business.

  Some Highlights from the press release today:

  • Increasing the monthly distribution from $0.0225 to $0.0233 a 3.7% increase
  • Since 2003 the dividend has grown from 8 cents to 28 cents
  • AFFO payout ratio dropped from 82.1% to 80.9%
  • FFO and AFFO per unit increased by 3.4% and 6.5%, respectively

The dividend raise today gives me an extra $10.89 per year in dividends (which will be dripped into more shares).

Plaza is currently trading at $4.36 (very close to it’s 52 Week low) and has traded as high as 5.18 this year.  I think Plaza is still undervalued and anytime the price is below 4.50 is a great buy.  At the current price Plaza Yields 6.3%.