Dividend Report

Personal Highlights for February:

  • The wife and I both started our new jobs in February.  So far so good.  The kids have been super active and having a great month.  We celebrated Valentines Day with some Wine, Whiskey & Thai food.
  • The Corona Virus has been all everyone has been talking about lately.  It’s caused a pretty big drop in most people’s portfolios as well.  I’m not going to pretend like I know if the market will continue to sink, or rebound quickly – but what I WILL say is this….

The amount of panic and people freaking about about a drop in the market is INSANE.  My portfolio is 100% equities. It dropped -5.41% since last month.  In the 5 years I’ve been tracking my portfolio – this isn’t even the largest 1 month drop I’ve experienced.  In fact, my portfolio although down from it’s all time high, is only back down to where it was a few months ago.  Here is a little visual for some perspective.  

S&P 1 YEAR CHART: The Sky Is Falling (Perception)

S&P 1 YEAR CHART

S&P 5 Year Chart: This is a BLIP (Reality)

S&P 5 Year Chart

Don’t get me wrong – the market could continue to plummet (wouldn’t surprise me), but this (so far) is nowhere near 2008-09 levels.  Even if the market does keep plummeting, I plan on sticking to my plan, holding good companies for the long haul and reinvesting my dividends at a reduced rate while the stocks are on sale.

  • Received this bottle of Barchef Toasted Old Fashioned in the mail, from a fellow blogger/reader of the site who has a personal connection to the Barchef Project in Toronto. He knows I am a huge whiskey/cocktail fan, and hooked me up with a bottle!!  I haven’t tried it yet, but once I do I’ll be sure to post a review!  Big thanks to Money Mechanic for sending it – and if you aren’t familiar with his site/podcast, check it out HERE

    Toasted Old Fashioned

  • Speaking of whiskey, I finally got around to reviewing 2 different bourbons that I had purchased in a lottery over a year ago.  E.H Taylor Single Barrel & Weller 12 Year.  You can read both reviews HERE
  • Financial Highlights for February:
  • Continued bi-weekly deposits into Spousal RRSP, and TFSA however still just small amounts. We plan to up these after a few months at the new jobs.
  • My previous work pension RRSP was transferred over, and I put it to work right away. In hindsight, I could have got a slightly better deal if I had waited a couple weeks – but as if I actually knew the market would dip, besides in 10 years, it won’t matter.
  • Made the following puchases in February:
    – 190 shares of Chorus aviation (TFSA)
    – 175 shares of GoEasy (RRSP)
    – 1500 shares of XAW (RRSP)
    – 400 shares of Diversified Royalty (TFSA)
    – 269 shares of New Flyer (RRSP)
  • After these purchases, my forward annual dividend income went from around $9800 to $11,800.  My goal for the year was $12,000, so barring any big setbacks, dividend cuts, etc I should hit the target!
  • I was paid dividends from 5 companies, and 1 funds in February.  I dripped a total of 25 new shares/units.
  • Received dividend increases from Transcontinental, Diversified Royalty Income and the Canadian Equity Income Fund.
  • Portfolio dropped in value for the first time in 6 months.

Passive Income Update For February 2020.

TFSA’S:

Diversified Royalty: $17.60(dripped 5 shares)

Artis Reit: $27.90 (dripped 2 shares)

Interrent Reit: $4.29

Plaza Reit: $14(dripped 6 shares)

Chorus Aviation: $11.84 (dripped 1 share)

TFSA’s Total: $90.77

RRSP:

Canadian Equity Income Distribution: $347.30 (dripped 11 new units)

Total Passive Income February 2020:  $438.07

Portfolio Update:

My portfolio currently sits at: $357,310.98.  This represents a drop of 5.41% from last month.  Although I never like seeing red…I know its all part of the game, and I plan on sticking to my plan and adding a bit each month.

Passive income in February was $438.07.  This is usually the smallest month of the year, and with my new purchases, I hopefully won’t see another month below $500 again…EVER!

My forward annual dividend income is $11,800.15.  I updated my portfolio, and expected dividends HERE

Cheers.