August 2021 Update: Vacation, Birthday, soccer And of course dividends!

Dividend Income & Portfolio Update

Personal Highlights – August 2021

  • What a month.  It didn’t rain basically all summer – until I took my holidays.  We spent the about 8 days up at the cabin, and although the weather didn’t cooperate fully – we still had a blast.  It was also my (38th) birthday so a couple of drinks may have been had as well 🙂
  • We took the kids to a new petting zoo/farm just north of the cabin.  It was pretty cool – they had horses, ponies, chickens, goats, bunnies, Llamas a pig and more.  It was basically a big free for all and you could just walk up to and pet anything.  My daughter (5) loved it – my son (4) refused to touch a single animal..but he said he had fun….haha
  • It’s been a hell of a month/Year for Canadian Soccer.  The Women are Olympic champions and the Men begin their World Cup Qualifying campaign this week (3 games in 8 days).  They play Honduras, USA & El Salvador in this window.  If I am feeling ambitious I may do a quick preview and/or recap of the games.  Needless to say this is BY FAR the most excited I’ve been for Canadian (mens) soccer in my entire lifetime.  We have a legit shot at qualifying for the World Cup and we have some absolute World Class players (finally)!
  • It’s getting to that “busy parent” time of the year.  We just signed up both kids for soccer starting in 2 weeks, and have Holland’s Grade 1 orientation next week – while Isaac goes back to preschool next year.  With Holland going to school full time this year – and only part time daycare – one financial positive is it will save us $300+/month in daycare fees.  The plan* is to put it all directly into the TFSA.
    *In reality it will probably go to bourbon, wine, kids clothes and whatever is left MAY make it into the TFSA.
  • My little man finally got a haircut (much needed).  Before & After pics below:
    Back to school haircut
  • I’ve decided to try and supersize my savings/retirement plans.  I’m not sure exactly how long I’ll be able to stick to this – but the goal is to continue all my bi-weekly contributions (maybe even up them slightly) PLUS add the full monthly child benefit AND the bi-weekly savings from daycare into the TFSA(s) as well.  We typically get a decent tax return as well – which I plan to dump almost the whole thing into the TFSA as well.  Although my TFSA value is sitting around 80k I still have contribution room left ($35-$40k) and the wife has a ton of room – so hoping to max mine out ASAP and then really focus on hers.  

  • We’ve been eating pretty good lately (not healthy…just good) haha.  Steaks, Pasta, Pork Chops, Shrimp and lots of wine! I’ve been trying to experiment a bit more with cooking as it’s never been a strong suit of mine- but so far so good.    A few meals from the month(wife made the pasta):Screen Shot 2021-08-31 at 8.44.17 PM
    Red Wine

Financial Highlights for August:

  • Purchased an additional 101 shares of Manulife in TFSA bringing my total share count to 352.  At the current share price, this will allow me to drip 4 shares per quarter.
  • Purchased another 119 shares of RBNK which is an ETF that holds the 6 major Canadian Banks and pays a monthly dividend.  I now have 483 shares and will probably continue to add here and there.
  • Continued bi weekly payments into the spousal RRSP, and TFSA(s)
  • Still sitting on about 20% cash in my RRSP.
  • Got dividends from 6 companies and 2 funds.  Dripped an additional 24 shares/units.
  • On pace to not have a single month under $500 in dividend income for the whole year. Assuming I deploy the cash in my RRSP by January 1st 2022, I am hoping next year I won’t have a single month under $1000.

Passive Income Update For August 2021.

TFSA’S:

Diversified Royalty Income: $25.21 (dripped 9 shares)

Artis Reit: $41.90 (dripped 3 shares)

European Residential Reit: $7.86 (dripped 1 share)

RBNK: $25.48 (dripped 1 share)

Interrent Reit: $4.50

Nexus Reit: $14.88 (dripped 1 share)

Canadian NET Reit: $9.40

TFSA’s Total: $129.23

RRSP:

Canadian Equity Income Distribution: $371.18 (dripped 9 shares)

RRSP Total: $371.18

Total Passive Income August 2021:  $500.41

Portfolio Update:

My portfolio (including cash position) stayed pretty steady at: $535,700.52.  I am still sitting on about 20% cash in my RRSP – which I plan on being patient with and waiting to see what happens over the coming months.  

Hope you had a great month.  If you aren’t already on the Canada Soccer Bandwagon…GET ON IT!  First game is Thursday vs Honduras!

Cheers!

 

July 2021 dividend update.

Dividend Income & Portfolio Update

Personal Highlights – July 2021

  • Things are slowly opening up here in Winnipeg.  Masks are no longer required in most places – restrictions on gatherings have been lifted and case counts are way down.  I’ve been to a couple of restaurants for the first time in what seems like a decade, and have been able to see a few people in person again- it feels good – but also still feels weird. 
  • It’s been a hell of a month for Canadian Soccer.  The women just won gold at the olympics and the men just about took Mexico to extra time in the Gold Cup Semi Final.  I am beyond excited for the upcoming World Cup Qualifying games in September.
  • We had our first little harvest from our garden (and by “we” I of course mean Amber):
    garden harvest
  • With things opening up a bit more we took the kids out to a couple of restaurants and also made it to the zoo!  There is a farm/petting zoo just north of our cabin we are hoping to make it to this month while we are on holidays too.  Wife & Kids at the zoo (animatronic dinosaurs):
    zoo
  • We’ve been doing homemade pizza night about once a month lately – and honestly….it’s damn good.  My favorite so far is spicy sausage, corn, spinach, peppers and garlic (pictured below):

    Garlic Sausage Pizza

Financial Highlights for July:

  • Lots of positive news on the earnings front.  CAE reported strong results, Intertape Polymer had great results PLUS a dividend increase, GoEasy continues to kill it, and Western Forest & New Flyer were both positive too.
  • Added 100 shares of Manulife to TFSA
  • Sold entire position of Plaza Reit to purchase RBNK
  • Spousal RRSP which was opened about 3 years ago cracked $40,000 for first time!
  • Still sitting on about 20% cash in my RRSP.
  • Got dividends from 14 companies and 2 funds.  Dripped an additional 52 shares/units.
  • Greenlane Renewables has had a nice run this week – earnings are tomorrow so very interested to see how they look & if they will be profitable.
  • Another all time portfolio high. It is unbelievable how fast things start to compound once your portfolio gets to a certain size (and the market continues to roll).  My portfolio increase by over 33,000 month over month!
  • First time receiving over $500 in tax free dividends in a month!

Passive Income Update For July 2021.

TFSA’S:

Diversified Royalty Income: $25.06 (dripped 9 shares)

Telus: $58.81 (dripped 2 shares)

Artis Reit: $41.75 (dripped 3 shares)

Plaza Reit: $32.29 (my last divy from PLAZA as I sold shortly after)

European Residential Reit: $7.89 (dripped 1 share)

Algonquin Power: $212.32 (dripped 11 shares)

Power Corp: $106.51 (dripped 2 shares)

RBNK: $25.41 (dripped 1 share)

Interrent Reit: $4.50

Nexus Reit: $14.83 (dripped 1 share)

Canadian NET Reit: $9.40

TFSA’s Total: $538.77

RRSP:

Canadian Equity Income Distribution: $370.09 (dripped 10 shares)

GoEasy: $181.50 (dripped 1 share)

New Flyer: $59.93 (dripped 2 shares)

Transcontinental:$206.10 (dripped 8 shares)

Alimentation Couche Tard: $52.59 (dripped 1 share) 

RRSP Total: $870.21

Total Passive Income July 2021:  $1408.98

Portfolio Update:

My portfolio (including cash position) increased another 6.51% in July to a new record high: $540,270.31.  I am still sitting on about 20% cash in my RRSP – which I plan on being patient with and waiting to see what happens over the coming months.  

Hope you had a great July.  August should be fun, I celebrate my 38th birthday, and then next month my wife turns the big 40!

Cheers!

 

quick update! A sell, A buy & watchlist updated!

Just a VERY quick update. For the sake of transparency – I always like to try and post when I buy or sell a stock. Today I closed a position in one of the stocks I’ve held for quite some time. I sold all my shares of Plaza Reit. This was actually one of the first stocks I ever owned, and although I ended up making a profit on these shares, and the monthly dividend was nice to see hitting the account each month – truth be told the annual returns have been sub par. I’ve been wanting to add some Canadian Banks to my portfolio and was torn between which one to add, so I ended up using the proceeds and buying 363 shares of RBNK. This is an ETF that has just 6 holdings (All 6 of the big Canadian banks). The best part is, it pays a monthly dividend, and I’ll have enough to drip 1 additional share each month!

I still like Plaza Reit, and may consider adding it again on dips. I could definitely see myself moving back into Plaza in retirement as well when monthly cashflow will be more important – but for now, I am much more comfortable holding the big Canadian Banks, and I believe they will outperform Plaza (by quite a bit) over the next 10 years.

Stocks on my current watchlist are:

  • Equitable Group (do not own)
  • Metro (do not own)
  • Manulife (recently added to my position)
  • GoEasy (currently own)
  • CCL (do not own)
  • CP Rail (do not own)
  • Empire (do not own)

With the recent purchase of Manulife and now RBNK, the TFSA’s are pretty empty as far as cash reserves go – so I’ll be slowly adding cash until I am ready to make another purchase (thinking EQB will be next).

In the RRSP, I am still sitting on quite a bit of cash, and will be looking for some US companies to nibble on. Ideally I’d like to see a dip and either up my position in XAW, or start positions in: Visa, Disney, Microsoft.

Cheers!

June Update: Double Vaxxed & portfolio milestone!

Dividend Income & Portfolio Update

Personal Highlights – June 2021

  • As of tomorrow morning it will be 14 days since my second vaccine.  By now most people I know have got their second doses (or are scheduled to get it done this month).  Things are slowly opening up, hospital capacity is getting better and there is finally some light at the end of the tunnel!
  • We’ve been making it out to the cabin most weekends, and we had our first official “playdate” with one of the kids’ friends from daycare.  It was lots of fun and with restrictions opening up, hoping to do some more soon.
  • We had our ELEVENTH wedding anniversary!  We weren’t really able to do much as things were still locked down, but we had some dinner and wine at the lake, and I’m sure once we are allowed/comfortable we will head to one of our favorite restaurants to celebrate properly.
  • The housing market is absolutely insane.  Based on recent sales our cabin is now worth (at least) double what we paid for it.  It’s tempting to list it and invest a ton/put the money down on the house but the kids would disown me…plus we have been REALLY enjoying our time out there lately.
  • I treated myself to 2 new jerseys for the upcoming Gold Cup & World Cup qualifying games (happening in July & September).  They came in the mail this month 🙂
    Canada Jersey
  • My daughter finished kindergarten, so now we will be back to a bit of a “normal” routine for the summer.  Starting in September she will be in school full time, so that should also cut our daycare fees down quite a bit!  Here she is on her first & last day of school :).
    Screen Shot 2021-07-06 at 9.59.25 PM

Financial Highlights for June:

  • Added to my position in Greenlane Renewables.  Picked up an additional 20,000 shares in my RRSP!
  • Still sitting on about 25% cash in my RRSP.
  • Got dividends from 11 companies and 2 funds.  Dripped an additional 43 shares/units.
  • Missed out on a huge dividend payment from XAW (since I sold earlier this year) and am still waiting to decide how I want to use the cash.  It sucks not seeing that $1500+ dividend hit the account, but on the plus side…..my portfolio (including cash position) reached another all time high – and a bit of a milestone.  I cracked $500,000 in June, and ended the month with a portfolio value of just over $507,000!

Passive Income Update For June 2021.

TFSA’S:

Diversified Royalty Income: $24.89 (dripped 10 shares)

Artis Reit: $41.60 (dripped 3 shares)

Plaza Reit: $32.13 (dripped 7 shares)

European Residential Reit: $7.84 (dripped 1 share)

Interrent Reit: $4.50

Canadian Western Bank: $0.29

Western Forest: $20.61 (dripped 10 shares)

Nexus Reit: 14.77 (dripped 1 share)

Fronsac Reit: 9.40

Intertape Polymer Group: $52.80

Manulife: $42.00 (dripped 1 share)

TFSA’s Total: $250.83

RRSP:

Canadian Equity Income Distribution: $368.90 (dripped 10.7 shares)

XAW: $8.59

RRSP Total: $377.49

Total Passive Income June 2021:  $628.32

Portfolio Update:

My portfolio (including cash position) increased another 2.87% in June to a new record high: $507,24729.  I am still sitting on about 25% cash in my RRSP – which I plan on being patient with and waiting to see what happens over the coming months.  I put a little bit of it to work adding to my position in Greenlane Renewables when it dipped.

So far in the first 6 months of 2021 I have received $5844.14 in dividend income compared to $6200 in 2020! This is the first time I fell behind compared to last year.  The dip is 100% due to the sale of XAW. 

Hope you had a great June – and hope you are all ready to cheer on Canada in the Gold Cup starting July 11th!

Cheers!