Gettin’ back on track.

The last couple of months have been insane – but I can confidently say things are slowly getting back to normal and I hope to start posting again on a semi regular basis.  Our house has been sold, we’ve moved into our new home, and we are almost completely settled in.

In preparation for the house sale/purchase I made some changes to my TFSA portfolio (I liquidated some Marijuana stocks) as they were up quite a bit and I wanted to get some new furniture/things for the house without dipping into line of credit.  Once the house sale is processed I will have reached one of my goals for the year (paying off line of credit) as well!

I wasn’t able to post an August update – so here is a quick update for August & September combined:

Personal Highlights for August & September:

  • Moved out of old house and into our new “forever” home.
  • Spent the majority of my last 2 months packing, unpacking, updating addresses and cleaning.
  • Renewed Jets season tickets- went to 2 pre season games. Decided to sell about half the games this year since it will be tough to attend all 41 with 2 kids, playing hockey & soccer and trying to keep a wife..haha
  • Kids Update – Holland loves her new house – finally has room to run around and play and Isaac finally has his own room.

 

Financial Highlights:

  • Sold off my positions in Aurora Cannabis & Organigram. Took the profits and bought: dining room set, sectional for family room, couch & chaise for living room, new bedroom suite and mattress and a few other things for the house.  Still have some cash left over from the sale of these stocks and will look to redeploy in the coming months.
  • OneReit stock entered into an agreement to SmartReit which would result in shares being cashed out or turned into SmartReit shares. They share price shot up so I cashed out since I didn’t have enough shares to make much of conversion to SmartReit shares.
  • Line of credit will be completely paid off once house sale is processed (next week or two)
  • Although no stock purchases were made over the last 2 months – I’ve continued my regular bi-weekly fund purchases, spousal RSP purchases & and saw a few shares DRIP. With the L.O.C paid off – I am now in the position to start looking to make some more purchases in the coming months.

    Now on to the fun stuff.

 

Passive Income Update For August & September:

TFSA:

TFSA dividend income dropped a bit as I cashed out my shares of ONEREIT.

Diversified Royalty: $17.71 (Dripped 6 new shares)

Artis Reit: $97.29 (Dripped 6 new shares)

OneReit: $18.48

Lucara: $7.00

Plaza Reit: $48.45 (Dripped 10 new shares)

Canadian Western Bank: $0.24 (yes you read that right…I still have 1 share of this as I dripped a share after I sold off my position..lol)
TFSA Total: $189.17 ($99.89 in August, $89.28 in September).

RRSP:

Canadian Equity Income Distribution: $204.16 (Aug) & $205.91 (Sept) for a Total of $410.07

Total Passive Income Aug/September Comibined:  $599.24

Portfolio Update:

My investment portfolio saw a pretty big drop in value as I cashed out about $20,000 from my TFSA.  That said my overall networth didn’t change as my cash on hand & real estate value increased, and my line of credit will soon be 0.

Although my investment portfolio did take a pretty big hit – once I’ve spent a couple months in the new house and determined what all  the bills will be/how much extra cash I’ll have per month I will start looking for opportunities to deploy some cash again.

 

Advertisements

Big changes on the horizon

Just wanted to pop in with a quick update.  I haven’t posted anything all month – and it’s definitely not due to a lack of financial or personal activity.  In fact quite the opposite.  In the last couple of weeks we were able to sell our house and buy our new home.  I’ve been trying to get everything sorted and ready for the move.

I get possession of this beauty on September 10th!Vanier FrontVanier EntranceVanier Kitchen 2Vanier Family RoomVanier BathroomVanier Yard

Needless to say we are extremely excited.  We are moving out of our 780 square foot house into a much more spacious home – where the kids will get their own rooms, have a nice backyard to play in, and in an area we both love.  We looked at probably 30-40 houses, and this was the first one that both the wife and I loved.  It was in an area we both wanted to live in & checked off multiple boxes (wet bar, master ensuite, close to family/schools/parks, big fenced back yard, move in ready, etc).

The downside obviously is that I will no longer be mortgage free before I’m 40 (barring any sort of miracles or lottery winnings) and our monthly expenses are going to increase quite a bit.

We’ve also decided to sell our cabin (probably this summer) and I’ve decided that once we are settled from the move I am going to change up my investment plan/style.  (More on that coming in next blog post).

Enjoy the rest of the summer!  I’ll be back in September.

 

 

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?

The times they are a “changin'”

Well – looks like the time is (finally) here.  One of my goals for 2017 was to sell my house & buy a new house.  As of Friday my house has officially been sold.  Although I knew we had to buy a new house with the arrival of our second child, it still seems weird.  This was the first house I ever bought, and I’ve lived there for over TWELVE years (more than a third of my life).

I now have until September 15th to find a new house, get possession and move in otherwise i’ll be living out at the cabin for a few months.  I loved my little house, and truth be told, I probably would have lived there forever if our family remained a one child home.  That being said, there are a few things I am looking forward to in a new house – things I didn’t even think to consider when buying my first home.

The great news is everything went super smooth with the sale of our house – we listed it – had showings for 4 days and on offer date – we had 2 offers (both above asking price) and had it close 3 days later!

Here are some pics of the little house i’ll be leaving next month:(

http://www.goodfellow-goodfellow.com/listings/view/142850/winnipeg/scotia-heights/118-forrest-avenue

On a more happy note, while cleaning the house and de-cluttering I decided to roll my spare change I had which resulted in $1176.00.  It’s amazing how fast change adds up. I took it to the bank and put it directly down on my line of credit (one of my other goals is to have my line of credit paid off by the end of the year).

In case you wanted to know what $1176 in change looks like:

change.png

My neck and back hurt for 2 days after just carrying it from my car to the bank.

Not much else is new from the finances side – and unfortunately until a new house is purchased, and I figure out all the new monthly expenses I probably wont be making any  purchases (aside from the few funds that get automatically purchased every 2 weeks).  Plan is to buckle down – eliminate all debt – buy a house and once I’m settled I will re-focus on finding some good buys!

I am not sure how much time i’ll have to post until we are moved into the new house – so aside from monthly portfolio updates the blogging will probably be pretty scarce.  It’s probably for the best though – it’s +30 and you should be outside drinking a beer anyway!

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?

Tracking My Spending For 30 Days

Hi,  My name is Jordan and I have a drinking  spending problem.

I have never been one for tracking expenses but I decided it would be a fun idea for a blog post and the results were downright depressing.  I decided to use the last 30 days (May 25-June 25) for my research.

There were a few “one off” expenses for this month (Hot Water tank needed to be fixed at cabin, we opened up the cabin so had to do our annual big shop, and a good friend had a bachelor party & wedding).

Here is everything that came out of my account in the last 30 days:
30 Day Spending Tracker

 

 

The Good:

  • Got my tax return back and used that to pay down Line of Credit & Pay off Visa
  • Was still able to invest $950.00 (not including the amount I invest through my work plan)
  • Lots of room to trim non essential expenses
  • My “essential” expenses are under control
  • Cell Phone & Internet will be reimbursed by my work
  • Will get money from Massages back from my insurance provider.

 

The Bad:

  • Paid $178 in interest on Line of Credit
  • Cable bill still seems high even after cutting out Sportsnet World ($137.44)

The Ugly:

  • $23.00 in Bank/Interac Fees
  • $277.50 in lunches/beers (not including wedding or bachelor party)
  • I’m an idiot and turned the break on at cabin before filling hot water tank which resulted in 2 elements needing to be replaced : $587.60

Summary:

Total money out of my account(s) in last 30 days: $7926.44
One off expenses(Bachelor Party, Cabin & Wedding): $1353.69
Essential spending: $1881.87

Since one of my goals is to have my Line of Credit completely paid off by the end of the year I expect each month the expenses out of my account will be fairly high until the debt is eliminated.  I was able to pay off my credit card in full as well as reduce my Line of Credit balance by 5%.  In the next 30 days I plan to pay down another 10% of the total L.O.C balance (potentially more if I start selling some of my Jets tickets this month).

Aside from my regular contributions (Mutual Funds & Work Funds) I don’t see myself being able to invest in anything for the next few months until I have paid off my line of credit.  This upsets me – so I am going to try and supersize my savings and ATTEMPT to be as frugal as I can without going crazy for the next 30 days.  I will post my results next month to see if I was successful.  Wish me luck.

 

 

3 Stocks: My Biggest Mistake, My Highest Return(so far) & My Top Pick!

Summer is upon us, and since I’ve been trying to focus on paying down my line of credit & getting my house ready to sell unfortunately my portfolio hasn’t seen too much action.  I thought now would be a good time to do a quick fun post in relation to:

  1. My Worst Ever Stock Pick
  2. My Best Performing Stock Pick (to date)
  3. What I’d buy right now if I had some extra cash aka my “Top Pick”

 

My Worst Ever Stock Pick: TallGrass Energy

My worst stock pick – also happened to be my FIRST stock pick.  I was young and impressionable (also known as an idiot).  I took the advice of an older friend who had a “hot tip”.  At the time I think deep down I knew it was a bad idea but pulled the trigger anyway after doing about 2 minutes of “research” on the company.  I made my first trade that day and spent $1000 on 2600 shares.  Looking back this had all the warning signs:

  • A “hot tip” from a guy with no track record
  • A penny Stock
  • A company I had never heard of
  • Purchase made with zero due diligence done

The company is now bankrupt and my shares are worth nothing.  It was an expensive lesson – but a lesson learned nonetheless.  I keep the 2600 shares in my brokerage account as a reminder to always do my own research and to never listen to any “hot tips”.

My Best Performing Stock(so far): Organigram Holdings

Organigram(OGI) is an East Coast based supplier of medical marijuana.  This company has had some ups and downs this year: losing their organic certification due to pesticides found,(currently in process of getting certification back),  potential class action lawsuit, partnering with the Trailer Park Boys, etc.  This has caused the stock to be extremely volatile (which I expect  to continue until full legalization).

I took my first position in OGI at $0.44.  Today it is trading at $2.22.  (It has traded as high as $4.49) I fully expect it to continue to dip and rally over the next few months.  I bought this stock for the long haul – and I intend to keep it – but it is not for the faint of heart. The stock consistently gains or loses 10-15% of its value in a single trading day.

Although OGI is my best gaining stock (so far) it’s not my favorite stock I own.  Don’t get me wrong – I will continue to hold, and expect more growth – but there are a few others I like a bit better. Over the past 6 months I’ve continued to buy on some of the dips but don’t plan to increase my position as I am happy with the % allocated in my portfolio.

 

My Top Pick: Caledonia Mining

Caledonia is a Mining, Exploration and Development company focused on Southern Africa.  They are one of the lowest cost producers in the world and as long as you can stomach the fact that they operate in Zimbabwe, and that volume is fairly thinly traded* all their operating metrics look great:

*Currently in plans to trade on the NYSE which should increase volume*

  • The company pays a healthy dividend which it increased in July 2016
  • EPS: 0.26
  • P/E Ratio: 6.6
  • 18% increase in gold production year over year
  • -9% decrease in cost per ounce to produce
  • +98% increased Net Profit year over year

Caledonia has paid consistent dividends since 2014 and is covered 2.9 times by earnings & 7.7 times by operating cash flow.  They are on track to produce 80,000 ounces by 2021(to put that growth into perspective they produced 50,351 in 2016).

I plan to update my “top pick” at least once a year – as well as look back on them and see how they performed.

Do you have any Worst, Best Or Top Picks? If so – I’d love to hear about them.