Well, I finally have time for an update! I’ve been busy at work, doing a few hours of overtime this week as well as an extra shift today. I’ve also been helping Santa answer his mail! But now I have four days off so that gives me a little more time for blogging.
I sold all of my shares of KMP.UN and DRG.UN. I took a bit of a capital gain, and I used all of the money to buy additional shares of EMA and BMO. I cancelled the DRIPs on all of my REITs, but I guess I didn’t do it soon enough so I am now the proud owner of two whole shares of DRG.UN. My projected annual income has dropped a bit because of these sales/purchases but it’s still over $11,000 so I’m not bothered by it.
I’m making progress on setting up my TFSA. I applied online and I thought I had sent in all the required documentation but my account was still suspended. They finally sent me an email telling me exactly which form I was missing, and even attached it to the email. That was nice to see after getting 2-3 generic emails from them saying “your application is incomplete!” without giving me any clues as to what was missing. I’m a little disappointed with them, actually, because of the lack of communication. Anyhow, I’ll be sending the form off tomorrow and I should be all set after that.
My first financial goal for 2018 is to make an appointment to set up an iTrade account in my RRSP. I haven’t touched my RRSP in years, and my contribution limit is up to about $19,000. I’ll probably transfer in about $10,000 this year and top it up next year. I also plan to cash out the mutual funds that are in my RRSP (market value is about $37,000) and put that into stocks in the new iTrade account.
It’s time for another summary of my monthly earnings and expenses! My net earnings in November 2017 were $5235.34. I love three-payday months! I also did a pretty good amount of overtime so each paycheck was higher than it would normally have been.
My total expenses were $1711.33. This is higher than usual because I renewed my passport and signed up with Bluehost in order to create this blog. The breakdown of my expenses is:
- Rent: $752.34
- Gym Membership: $11.30
- Laundry card top-up: $30
- Service charges: $4.95
- Cell Phone: $22.60
- Internet: $102.25
- iTunes: $1.29
- Netflix: $8.99
- Food & Misc.: $446.93
- Passport Renewal: $160
- Passport Photo $22.59
- Bluehost: $148.09
I had my usual problems this month when it comes to spending: too many trips to the vending machine at work, and too many chocolate bars from Dollarama! Otherwise I think it was a pretty good month. If I wanted to, I could save even more money by hand-washing my laundry (which I did for years) and ditching my Netflix membership. But I’ve reached the point where I have enough money saved and enough dividends coming in that I can afford to splurge a bit. And as far as a frugal person is concerned, $8.99 on Netflix and $2.25 per load of laundry is a splurge!
My dividend income in November was a little higher than I’d expected. But I can’t complain about that! I think it’s because I recently sold a stock that pays a quarterly dividend and replaced it with a stock that has a monthly distribution. So I ended up getting two payments for the price of one! Here are the companies that paid me in November:
- H&R REIT (HR.UN)…..$38.30
- Bank of Montreal (BMO)…..$48.60
- Royal Bank (RY)…..$54.60
- Emera (EMA)…..$31.08
- Keyera (KEY)…..$18.34
- AltaGas (ALA)…..$52.85
- Northland Power (NPI)…..$11.16
- Pembina Pipeline (PPL)…..$10.80
- Inter Pipeline (IPL)…..$41.31
- Extendicare (EXE)…..$14.32
- Enbridge Income Fund (ENF)…..$18.82
- Slate REIT (SRT.UN)…..$24.38
- Crombie REIT (CRR.UN)…..$19.06
- Artis REIT (AX.UN)…..$33.93
- Dream Global REIT (DRG.UN)…..$31.13
- Killam REIT (KMP.UN)…..$10.49
- Pure Industrial REIT (AAR.UN)…..$7.23
- American Hotel REIT (HOT.UN)…..$35.17
- Cominar REIT (CUF.UN)…..$36.96
- Northview REIT (NVU.UN)…..$23.36
- Northwest Healthcare REIT (NWH.UN)…..$56.40
- Riocan REIT (REI.UN)…..$50.64
- Power Financial (PWF)…..$117.56
- National Bank (NA)…..$95.12
- Laurentian Bank (LB)…..$112.84
My projected annual dividend income is $11,292. That is partly due to some recent distribution/dividend increases: REI.UN, NA, NPI, SRT.UN, ENB and maybe some more that I’ve forgotten. It took me so long to get to $10,000 and suddenly I’m well on my way to $12,000! I’m looking forward to getting a four-digit monthly dividend income, and I should be there by the end of next summer!