This is my first attempt at making a net worth post. It feels a little strange to be doing this, because my entire net worth is my investments! I don’t have a house, a car or anything else that is worth a significant amount of money. But most of my posts here will be about my dividends, so I wanted to tell you about my other investments.
First of all, I’ll start with my investment portfolio. The book value of all my stocks is $282,752 but its current market value is $267,320.
Next there are my GICs. I have three of them. Two are in my RRSP. One is currently worth $741.05 and will mature in December 2018. The second one matures in February 2019 and is currently worth $875.28. I also have a non-registered GIC which is currently worth $1350.84 and will mature in November 2020. I have cancelled the renewals on all three GICs. I’m going to take the cash and put it into dividend-paying stocks.
Then there is all the cash that is sitting in my checking account and my investment accounts. It adds up to $1030.25.
Finally, there is my Lending Loop account. I’m not entirely sure how to report my net worth here. I have $6.42 in my account right now, and I have $2428.97 in outstanding loans. I think I’ll exclude these numbers from my total net worth, but I wanted to mention it here. I’ve decided I’m not really a fan of peer-to-peer lending so I’ll probably pull money out over the next couple of years, and put that into dividend-paying stocks.
So the summary of all my investments is:
- GIC #1….$741.05
- GIC #2…..$875.28
- GIC #3…..$1350.84
TOTAL NET WORTH: $271,317.42
I’m getting better at holding on to stocks, but I still will sometimes sell a stock and then decide to buy it back a couple of months later. I’m hoping that writing these monthly summaries will help me to stop doing that! Here are all of my buys and sells for August 2018, broken down by account. I am currently signed up to DRIP all of my stocks (although I get cash in lieu for some of them because the dividend amounts are too low) so I will include DRIPs as well:
- 44 shares of Manulife (MFC)
- 13 shares of Bank of Montreal (BMO)
- 22 shares of TD Bank (TD)
- 16 shares of Intact Insurance (IFC)
- 4 shares of CP Rail (CP)
- 30 shares of Altria (MO)
- 104 shares of KinderMorgan (KMI)
- 36 shares of Cardinal Health (CAH)
- 40 shares of Coca Cola (KO)
- 149 shares of National Bank (NA)
- 1 share of H&R REIT (HR.UN)
- 2 shares of Northwest Healthcare REIT (NWH.UN)
- 2 shares of Artis REIT (AX.UN)
- 2 shares of Crombie REIT (CRR.UN)
- 1 share of Bank of Nova Scotia (BNS)
Here is a summary of my earnings and expenses in August. My expenses were higher than usual last month, mainly because my six-year-old laptop decided it had had enough. I also went to a wedding at the beginning of September, so I bought a gift and a new dress. The dress was on sale at Superstore for $7 so I’d say I did pretty well in that category 🙂
My first couple of expenses/earnings reports are going to be messy because I haven’t written down every single purchase. All I can do right now is look over my credit card and see which stores I shopped at. I know that everything I bought at the local convenience store was food. I know that I bought books and candles at my most recent visit to the thrift shop. As of October 1, I will track every single penny so that I can give you a more detailed breakdown!
My two paychecks in August added up to $3002.20. Of that, I spent $2221.70. Here is the breakdown:
- Rent: 752.34
- Cell phone: 22.60
- Internet: 106.77
- Gym membership: 11.30
- Service charges: 4.95
- Wedding gift: 120
- Vending machine (at work): 80
- Pizza place: 35.40
- Starbucks: 16.44
- Convenience store: 54.25
- Clothing: 19.18
- Laundry card top-up: 20
- Groceries: 131.34
- Dollarama: 44.89
- itunes: 2.28
- Thrift shop: 6.07
- Laptop & DVD drive: 733.89
- Other: 60
The main thing I need to focus on is eating out less. I go to Starbucks every weekend as a treat and I don’t think I’ll cut that out. But I often to go the pizza place during my lunch break, and I think I can cut back on that. I also need to stop using the vending machine at work, especially since it now costs $2 when you buy a chocolate bar and pay with your credit card!
Here is my dividend income for August 2018. Amounts given are in Canadian dollars, based on today’s exchange rate.
- Bank of Montreal (BMO)…..$26.88
- Emera (EMA)…..$115.26
- Keyera (KEY)…..$18.34+$0.18
- AltaGas (ALA)…..$56.21
- Pembina Pipeline (PPL)…..$21.28
- Inter Pipeline (IPL)…..$43.54+$0.44
- Extendicare (EXE)…..$21.80
- Dream Global REIT (DRG.UN)…..$9.20
- Cogeco (CCA)…..$10.93
- Riocan REIT (REI.UN)…..$52.44
- Power Financial (PWF)…..$126.00
- Laurentian Bank ILB)…..$60.80
- Royal Bank (RY)…..$83.66
- Caterpillar (CAT)…..$8.92
- Clorox (CLX)…..$15.02
- Apple (AAPL)…..$5.72
- Abbvie (ABBV)…..$26.17
- Realty Income (O)…..$6.28
- Procter & Gamble (PG)…..$27.93
- Northland Power (NPI)…..$6.50
- Vermilion Energy (VET)…..$7.82
- Colgate Palmolive (CL)…..$16.35
- Plaza REIT (PLZ.UN)…..$12.48
- American Hotel REIT (HOT.UN)…..$0.29
- AT&T (T)…..$27.79
- General Mills (GIS)…..$15.20
- Verizon (VZ)…..$16.78
- National Bank (NA)…..$92.38
- H&R REIT (HR.UN)…..$38.87
- Crombie REIT (CRR.UN)…..$29.59
- Artis REIT (AX.UN)…..$35.19
- Northview REIT (NVU.UN)…..$23.36
- Northwest Healthcare (NWH.UN)…..$29.67
I posted my portfolio details a couple of days ago, but they have already changed! I went on a bit of a buying/selling spree yesterday. I always try to look at the company itself rather than the dividend yield, but I also want my dividend income to reach a certain amount by a certain time. So sometimes I use the yield as tie-breaker. It’s tricky to find a good balance between low-yield dividend growth stocks, and high-yield stocks that rarely increase their dividends. But I try to hold a bit of both since I have a shorter time frame. Anyhow, that was the reason I decided to move some money around yesterday.
My first purchase was Intact Insurance (IFC). It’s a solid company (which I worked for back in 2002/2003!) and they have had some nice dividend increases over the past few years. So I used my most recent paycheck to buy 14 shares.
My next move was to sell all of my shares of PPL Corporation (PPL) and put the money into Vermilion Energy (VET). Both stocks have high yields and not-very-impressive dividend increases, but I was up 19% on PPL and down 14% on VET. So I decided to take some capital gains. I did do one stupid thing with this transaction: I forgot to check the ex-dividend date for PPL. It turns out it’s today which means I just barely missed out on the next dividend payment. But I did take about $325 in capital gains so that makes me feel a little bit better.
I also sold Apple (AAPL) and Emerson Electric (EMR). I do love AAPL but their dividend increases over the past few years average out to only 11% a year, which is not enough from a stock whose yield is only 1.3%. EMR’s yield is slightly higher, but their dividend increases have been very low recently so I decided to sell. I used the money from these sales to buy National Bank (NA) and Cogeco (CCA).
My projected annual dividend income is now up around $13,825. Getting so close to that $14,000 mark!
If anyone is still checking this blog…I’m back! I started a blog thinking that I would eventually monetize it and bring in some additional income on the side. I quickly realized how time-consuming it is to maintain and promote a blog! So I deleted mine. But now I’ve decided to keep going, just because it’s fun to document my progress and also because I miss interacting with other dividend investors. So my blog is back, but this time it’s just for fun. I hope to post monthly updates about my dividend income, buys, sells and living expenses. I am now four years away from FIRE!