February 2020 Dividend Update:Perception Vs Reality

S&P 1 YEAR CHART

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.

 

9 Comments on “February 2020 Dividend Update:Perception Vs Reality

  1. I like you man, but your crazy. Your crazy…

    haha throwing down stacks and making it rain. 2k added to forward income, no big deal…

    nice income and I’m pretty sure you wont see under 500 months moving forward.

    keep it up bud.
    cheers

    Liked by 1 person

    • Woulda been much more impressive if it was actually new capital…haha…but it was just from a mutual fund I transferred…definitely nice to have control over it now though…and put it into something that adds to forward dividends 🙂

      Like

  2. I think NFI could be a good buy, although we don’t know whether electric buses are actually going to work well in their required roles. I’ve heard some anecdotal evidence from a local tour bus company that they were removed from service due to cost and malfunction. Hopefully these issue are corrected. Thanks for the shout out!!

    Like

  3. Pingback: February Dividend Income from YOU the Bloggers! - Dividend Diplomats

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