October 2017 Update!

Happy Halloween.  Here is my quick update for October.

Personal Highlights for October:

  • With the delivery of our kitchen table & chairs, we now have all of our furniture in the new house.  I still need to buy an area rug, coffee table and some curtains, but we are almost 100% settled in.
  • Closed up the cabin for the winter.
  • Kids Update:
    Holland had her annual heart appointment. She was born with a small hole in her heart which caused a heart murmur.  The doctors told us we would need to take her once a year to get it checked out for the next 8-10 years, however at this appointment they said it seems to be getting better (closing on its own) so we don’t need to go back for 3 years now:)
    Isaac turned 6 months this week.  He is a little tank, I swear he is almost as heavy as his big sister already(See below)isaac 6 months

Financial Highlights:

  • Closed my line of credit. Officially debt free (not including mortgage)
  • Put $15,000 into Amber’s TFSA and bought her first 3 stocks (CHR, ATD, ITP)
  • Continued bi weekly payments into RRSPs & Spousal RSP.
  • Closed my position in OneReit as my remaining shares were bought back by the company.
  • Cashed in some of my credit card reward points for a $600 voucher to my RRSP.  Once I get the voucher I will deposit this into Ambers Spousal RRSP.
  • Amber’s TFSA/RRSP are now over $18,000.  (They didn’t exist 5 months ago)

Now on to the fun stuff.

Passive Income Update For July 2017.

TFSA:

Diversified Royalty: $8.94 (Dripped 3 new shares)

Artis Reit: $49.05 (Dripped 3 new shares)

OneReit: $17.10  (Got paid out)

Plaza Reit: $24.39 (Dripped 5 new shares)

Algonquin Power: $102.05 (Dripped 8 new shares)

Caledonia Mining: $19.35 (Unfortunately RBC doesn’t allow this company to drip)

TFSA Total: $227.55  

RRSP:

Canadian Equity Income Distribution: $206.50

Total Passive Income July 2017:  $434.05 

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: $286,105.62

It’s going to be tough, but I am still hoping to hit 300k by December 31st.  I am hopeful my Global Equity fund will pay out a nice distribution in December which should help.  This was also the 4th month of 2017 with over $400 of passive income.

 

Advertisements

2017 Goals Update.

One of my first blog posts was about setting goals for 2017.  I also noted that I typically do not set goals, so this would be something a little out of my element.  I am happy to report so far I think I’m doing okay (with most of them).

Below are the goals I set – and a quick note of where I am at.

Personal Goals

  1. Start setting goals! *NAILED IT*
    The big test will be to see if I can achieve any/all of them and more importantly come January 1st If I continue to set goals for next year.
  2. Sell our house & buy a new house: *NAILED IT*
    House sale has closed and we’ve been in our new place for about a month now!  Most of our new furniture has been delivered, and so far we love everything about the new place.  That said – we haven’t had to pay all the new bills yet.
  3. Start a website & keep it updated *GETTING THERE*
    Website is up and running.  Due to the house sale and moving – I wasn’t able to post as much as I would have liked for the last couple of months, but things are back on track now.  October has been my highest traffic month so far, and the month is only half done.
  4. Spend more time at home/with family *GETTING THERE*
    I’ve definitely been spending a lot more time at home – although I wish I could take more credit for this being a conscious decision.  In reality it is likely due to the fact the Jets season has just started, my soccer season hasn’t started yet, we just moved, and I am still getting things organised around the house.  The next couple of months will be the big challenge.
  5. Try 5 new restaurants (with Amber) *SLACKING*
    This is the one area I am going to need to step up my game.  Although we’ve gone out a few times,  I believe we’ve only been to 1 restaurant that Amber hadn’t been to. I still have a couple of months – so I’ll have to get moving on this one if I want to achieve this goal.

 

Financial Goals

  1. Get Amber “set up” Financially *NAILED IT*
     So far we have done the following:
    – Create a joint bank account
    – Set Amber up with Direct Investing & a TFSA
    – Start a Spousal RSP for Amber – and started bi-weekly contributions.
    – Bought 3 new stocks in Ambers TFSA (ATD.B, CHR, & ITP).
    The only area I still need to work on is getting her actually interested in some of this stuff….that will probably be the hardest part.
  2. Eliminate all debt (not including mortgage) *NAILED IT*
      I just got back from the bank – and they confirmed my line of credit has officially been paid off/closed.  My credit card is also completely paid off.  My car is paid off, and my cabin is paid off.  The only debt I currently have is my mortgage on my house (which I don’t really consider debt).
  3. Get total portfolio Value to $320,000 by December 31*WAY BEHIND*
    With only 2 months to go – my portfolio is sitting at $278,000.  I have pretty much come to terms with the fact I wont hit this target – however I think $300,000 might be doable.  There are 3 main reasons I wont hit this goal:1) I paid off my debt very aggressively(Took some profits from my TFSA)
    2) We spent a little bit more on the house than we thought
    3) We underestimated the cost of furnishing a much larger house

    All in all, I’m pretty satisfied with where I am at…just need to step it up and take the wife out a few more times and try and sock away a bit more $$$ before the end of the year!

July 2017 Update

Hope everyone had a great July!

Personal Highlights for July:

  • Got the house de-cluttered, cleaned – listed and SOLD!
  • Spent a lot of the month out at the cabin with the family.
  • Finished reading “A field guide to lies: Critical thinking in the information age” by Daniel Levitin (Great book- highly recommend it)
  • Kids Update – Took Holland to Boardwalk Days @ Winnipeg Beach – bought her first ice cream & Isaac turned 3 and is growing like crazy..he is also still a hairy little bastard!(See below)

    Isaac 3 months

Financial Highlights:

  • While cleaning house – rolled and cashed in my change – which resulted in $1167 – which went straight to my line of credit!
  • Paid down another 10% on line of credit.
  • One of my favorite stocks had a reverse split and got listed on the NYSE! (Caledonia)
  • Got our first government child benefit cheque! Thanks JT!
  • Although no stock purchases will be made until L.O.C is paid off – I’ve continued my regular bi-weekly fund purchases, spousal RSP purchases & and saw a few shares DRIP (more on that below)

Now on to the fun stuff.

Passive Income Update For July 2017.

TFSA:

Diversified Royalty: $8.77 (Dripped 3 new shares)

Artis Reit: $48.24 (Dripped 3 new shares)

OneReit: $18.25 (Dripped 5 new shares)

Plaza Reit: $24.05 (Dripped 5 new shares)

Algonquin Power: $109.66 (Dripped 9 new shares)

Caledonia Mining: $18.73 (Unfortunately RBC doesn’t allow this company to drip currently)

TFSA Total: $227.70  

RRSP:

Canadian Equity Income Distribution: $202.41

Total Passive Income July 2017:  $430.11 

Portfolio Update:

My portfolio saw a slight increase in value – however still down from the April high. Total value is back to $270,259.42  This represents a month over month increase of 0.50%.  I’m still expecting a pull back so I am not too concerned with the monthly fluctuations right now.

How was YOUR month?

June 2017 Update & Happy Bday Canada!

My update is a few days late because I was out at the cabin celebrating Canada’s bday over the long weekend.

Personal Highlights for June:

  • Spent a couple weekends out at the cabin – including celebrating the Canada Day weekend and taking the kids to their first parade (picture above)
  • Although the progress has been slower than we would have hoped, we are continuing the de-cluttering of the house in the hopes to have it ready to sell in the next few weeks.
  • Tracked my spending and realized I was spending WAY too much money – so challenging myself to be extra frugal this month.
  • Finished reading “But what if we’re wrong” by Chuck Closterman

Financial Highlights:

  • Paid down 5% of line of credit debt
  • Made first 3 contributions to Amber’s Spousal RRSP.
  • Although no stock purchases will be made until L.O.C is paid off – I’ve continued my regular bi-weekly fund purchases and saw a few shares DRIP (more on that below)

Now on to the fun stuff.

Passive Income Update For June 2017.

TFSA:

Diversified Royalty: $8.71 (Dripped 3 new shares)

Artis Reit: $47.97 (Dripped 3 new shares)

OneReit: $18.13 (Dripped 5 new shares)

Plaza Reit: $23.94 (Dripped 5 new shares)

Canadian Western Bank: $0.23 (Even though I sold my position in CWB – I dripped 1 share previously and still own it.)

TFSA Total: $105.98  

RRSP:

Canadian Equity Income Distribution: $200.16 (Finally cracked $200)

Total Passive Income June 2017:  $306.14  

Portfolio Update:

My portfolio saw a decrease in value for the second straight month. Total value dropped to $268,905.41  This represents a month over month decrease of -1.31%.  I’ve been expecting a pull back for quite some time and wouldn’t be surprised to continue to see them drop for the next few months (hopefully presenting some good buying opportunities).

How was YOUR June?

May 2017 Update

I am happy with what I was able to get done in May both from a financial & personal point of view.

Personal Highlights for May:

  • Made it through the first month of having 2 kids at home (somehow)
  • Finally got the website up and running
  • Opened up the Cabin

Financial Highlights:

  • Set up Amber with a TFSA, Direct Investing Account and added her to my bank account
  • Opened and started contributing to a spousal RSP
  • Filed our Taxes – Expecting to get our refunds within the next 2 weeks which will be used to pay down the line of credit and contribute to Amber’s TFSA.

Now on to the fun stuff.

Passive Income Update For May 2017.

TFSA:

Caledonia Mining: $20.24 (Unfortunately RBC does not allow Caledonia to DRIP)

Diversified Royalty: $8.66 (Dripped 3 new shares)

Artis Reit: $47.70 (Dripped 3 new shares)

OneReit: $18.03 (Dripped 4 new shares)

Plaza Reit: $23.83 (Dripped 5 new shares)

TFSA Total: $118.46  This is an increase of $20.87 from last May!

 

RRSP:

Canadian Equity Income Distribution: 198.45

Total Passive Income May 2017:  $316.91  This is an increase of $42.49 from last May! 

 

Portfolio Update:

Total Investment Portfolio actually saw a decrease in value over the month.  Total value dropped to $272,484.61.  This represents a month over month decrease of 0.57%.

How was YOUR May?