Personal Highlights – December 2020
Artis Reit: $36.63 (dripped 3 shares)
European Residential Reit: $7.78(dripped 1 share)
Plaza Reit: 31.03 (Dripped 8 Shares)
Diversified Royalty: $24.05 (dripped 10 new shares)
Interrent Reit: $4.50
Manulife: $41.44 (dripped 1 share)
Intertape Polymer Group: $55.15
TFSA’s Total: $200.58
Canadian Equity Income Distribution: $361.76(dripped 12 shares)
RBC US Equity Index Fund: $292.38 (dripped 9.978 units)
Total Passive Income December 2020: $854.72
My portfolio increased nother 2.73% in December to a new record high: $430,000.53! Although I still think the market is insane right now considering the state of the global economies and unemployment rates I am feeling pretty optimistic about a few of my holdings for the future. Specifically Western Forest and New Flyer which both had a terrible year, but things have started to run around. I am hopeful Western Forest will reinstate the dividend before the end of 2021.
As I mentioned above 2020 was the first year I made over $10,000 in dividend income. Since January 1st, I earned $10,822.54 in passive income. Assuming no dividend cuts or increases, my current Forward 12 month dividend income is $12,294.49. My goal for the year was finish 2020 with a forward dividend income of $12,000 – which I accomplished even with a few dividend cuts due to Covid! I still haven’t made a goal for 2021 yet, but I’m leaning towards $15,000.
Here is a look at my total dividend income per year since I started tracking this 5 years ago:
Here are my year end Portfolio values on Dec 31 each year since I started as well:
One thing I’ve been working on this year was to try and get more income from my TFSA vs RRSP. Currently 26.4% of my dividend income is tax free. Hopefully when I write this recap next year that number is even higher.
This last year has been a wild ride. We said goodbye to our fur baby Penny, I started a new job after being laid off from my previous job of 16 years, we went to Mexico in January and basically when we got back the whole world shut down. All things considered the year could have been a lot worse. We both still have jobs, we have got to spend a lot of time with the kids and we have all remained healthy. We miss our friends and family, but we are hopeful things start to return to normal in the next few months and until then – like the rest of the world we will continue to stay positive and wait out the storm.
I hope you all had a great year, and have an ever better 2021!
Today I made what will most likely be my final stock purchase of the year. I wasn’t planning on buying anything today but had a bit of cash in the TFSA and decided to take a look at a REIT I had been following on and off for a while. The price had fallen into my target price range, and I thought what the hell, let’s end the year off with one last stock purchase.
Nexus REIT was formed when two former reit’s merged (Edgefront & Nobel). It currently trades on the TSX Venture exchange. The reason I started following Nexus was because I was actually a holder of Edgefront Reit for a couple of years before they merged. I sold off my shares before Nexus was created. If I recall correctly, I bought the Edgefront shares when they dipped to about $1.50 and sold them for $2.00 after a couple of years. Over those years I also collected the 8% dividend. Not too shabby.
Much like it’s predecessor Nexus has been trading in the $2.00-$2.20 range, and recently dipped to $1.90. It pays a hefty 8.37% dividend which is fully covered by AFFO even during the pandemic. The last time I checked the payout ratio was 82.4%. Recently Nexus Reit has made a couple of acquisitions paid for partly with cash, and partly with shares (with the shares being valued between $2-$2.20 on these deals). Morningstar also gives it a fair value of $2.12.
Nexus Reit has both office, industrial and retail spaces but plans to focus more on industrial going forward. This should help the stock price as well, as industrial Reits are all the rage right now. I believe the stock price has been beaten up because they are being labelled/priced mostly as a retail/office REIT instead of industrial. That said, over 60% of their retail spaces are occupied by solid tenants such as: Canadian Tire, Metro & Dollarama. They have also maintained occupancy rates close to 95% during the pandemic. I don’t expect huge capital appreciation of the stock price, but a slow and steady climb back to $2.00 and beyond is okay by me, especially as I can sit and collect the 8.37% dividend. Nexus Reit also has a conservative debt/total asset ratio of 47.7%. They have grown their total funds from operations year over year as well. I expect this to continue as we come out the pandemic hopefully by the end of 2021.
One last reason I purchased this stock is that they have recently been approved to be listed on the Toronto Stock Exchange. Once they get moved over they could get some support/noticed by a few of the bigger institutional investors who don’t typically (or aren’t allowed) to buy stocks on the venture exchange. They’ve been approved for a 4 to 1 stock consolidation for when they move over to the big boy exchange. That said, even if the move to the TSX doesn’t give the stock price a bump – I am completely happy to hold it and collect my dividend until the stock price gets back to fair value.
I picked up 1087 shares of Nexus Reit at a price of $1.90 per share. This purchase will add $173.49 to my annual dividend income (Tax Free) and at the current share price allow me to drip 7 new shares each month. At the end of the day, this wasn’t a huge purchase, but every little bit helps get closer to achieving the goal of having dividends cover all my expenses.
It’s Friday night, I just put the kids to bed and I am flipping through the Death & Co cocktail book to see if I can get inspired. My go to drinks lately have been Boulevardier’s and Negroni’s (likely because I recently got a bottle of Carpano Antica vermouth which is so god damned delicious).
I remembered we had some lemons I needed to use up, so my first thought was either a Sazerac or a Whisky Sour, but then I flipped the page and saw “Pisco Sour” and I remembered my brother had brought me back a little mini bottle (2 oz) of Soldeica Pisco from his trip to Peru a few years ago. The bottle has just been sitting on my bar shelf, so I figured what the hell, let’s do it!
The recipe itself I used is my go to whiskey sour recipe, I just swapped out the Whisk(e)y for Pisco.
-2 oz Pisco
– 0.5-0.75 oz simple syrup – depending on how sweet you like it
-Juice from half a lemon
– Egg white (1 oz)
Dry shake (no ice). Add ice and shake again. Strain into whatever glass you prefer – I like the coupe for most shaken drinks without ice cubes. Add a few dashes of Angostura bitters on top.
Drink & Enjoy.
Being a bourbon man, I still prefer the classic Whisky sour – but this was a nice change of pace, and I’d definitely make it again – all I need is my brother to take another trip to Peru and bring me some Pisco back…haha
Another year has come and gone – although this particular year feels like it’s dragged on for a decade. I think I speak for most of the world when I say I cannot wait for this dumpster fire of a year to be over. Although I don’t expect 2021 to be a complete return to the norm – I am hopeful we will start to see things slowly open back up, and there is definitely a lot of promising news on the vaccine front.
Two years ago I created a list of some of my favourite Canadian investment blogs, which a lot of people seemed to like. I didn’t do one last year, but decided I’d create a new list (with some familiar names, and a few new ones). This year has been so ridiculous that I haven’t put nearly as much time into updating this site, or reading other sites, but I still spend a lot of time on twitter which I believe is a great way to consume a lot of info a short period of time. On that note -I’ll include twitter accounts to follow that I highly recommend as well.
While this year will still be quite heavily focused on Canadian Investing websites(since the majority of my investing/research is focused on Canadian Equities) – I will be including a few friends from down south and overseas as well. Okay enough blabbering. Here is my list (in no particular order) of the top Investments sites & twitter personalities to follow in 2021!
My Own Advisor:
Great for both beginners and advanced investors. The site is largely focused on building wealth over time, does in depth reviews of ETFs & Stocks and shares his portfolio/journey. Mark has been around for quite some time and was one of the first Canadian Investing Sites I started reading. He is also very active on twitter, and like me enjoys beer, whisky and hockey!
All About The Dividends
Matt from All About The Dividends is another Canadian investor about the same age as me. What I like most about Matt is his openness in sharing his portfolio and thoughts behind his investment decisions. Matt may also be the most positive and encouraging person you will ever find on twitter.
Bert & Lanny are the two diplomats behind the site. They are the first non Canadian investors on my list, but they deserve to be mentioned. I enjoy reading their site for a few reason:
-to get some ideas on non Canadian dividend (USA) stocks
– to check up on their portfolios (which they share freely)
– to read my favorite posts each month- when they highlight other investors passive income journeys
They have also recently launched a youtube channel.
The boys in the garage are great fun. They discuss everything from personal finance, investing, tax efficiencies and more. They do this on their website, twitter as well as their podcast (they had me on as a guest earlier this year). You can check out that episode HERE. Another reason I love listening to these guys, is they are very down to earth, and along with discussing finance on each podcast, they also have a beer (or bourbon) and discuss those as well.
Another non Canadian site to add to the list. Cheesy Finance chronicles the journey of a young dutch as they pursue F.I.R.E. The site has sections in both English & Dutch, and they are very active on twitter as well. Cheesy also enjoys beer – and likes to taunt us on twitter with his superior beer collection.
If you are looking for info on some of the top Canadian Dividend stocks to invest in – look no further than StockTrades. Dan & Mat continually put out quality articles, Canadian stock picks and more. They are also both super active and helpful on twitter as well. Give the site a read – and give the boys a follow!
Twitter(s): https://twitter.com/matlitalien & https://twitter.com/StockTrades_CA
This is a site I was just recently introduced to, but I am glad I was. The in depth coverage on Canadian REITS is fantastic. They first got my attention when I read their pieces on Sandpiper/Artis Reit. They don’t post new updates as often as I’d like, but when they do they are very in depth. They are active on twitter as well.
The Stinky Stonk Market
Need a laugh? Look no further than the Stonk Market. Picture the onion if it only focused on investing and finance. Admittedly I don’t visit the website that often – but I laugh out loud to myself a few times a week just reading their tweets. So if you need a break from doing stock screeners, fundamental or technical analysis of stocks – then give them a read.
GEN Y MONEY
Gen Y makes the list again for good reason. Her site focuses a lot more on the personal finance side of things (credit card rewards, budgeting, etc and is also a great resource for new investors starting out). We also own a lot of the same stocks and I like to have friendly competitions with her about who is earning more in dividend income. *Spoiler Alert* She is kicking my ass!
Cut The Crap Investing
Dale from Cut The Crap Investing is quickly becoming very well known in the Canadian personal finance space. He contributes to Moneysense, Million Dollar Journey and Seeking Alpha. He is a champion of low cost ETF’s (he probably cringes to know I pay 1.4% MER on a Canadian Mutual Fund) and is always willing to share his thoughts on stocks and suggestions on twitter.
Passive Canadian Income
Rob from Passive Canadian Income seems like one of the guys in the online personal finance community that I’d most likely wanna go grab a beer with. He is super down to earth, very open about his financial journey and has multiple streams of income including dividends, solar power & a private investment which pays him a nice sum each month. His taste in beer is definitely lacking – but I am sure he will grow up one day.
Canadian Value Stocks
Tyler from Canadian Value stocks is one of the few sites who continually puts out quality, in depth article and deep dives on specific stocks. One thing I love about his site is how clean/to the point it is – it’s just straight down to business. Nothing fancy – just quality stock analysis. He focuses on Canadian stocks, and is very knowledgeable about the Canadian REIT sector.
Bob from TAWCAN (which is short for Taiwanese Canadian) is another Canadian finance site with topics ranging from dividend stocks, ETFS, F.I.R.E and more. His website is another great resource for people wanting to learn more about investing in Canada. He also shares his monthly dividend income – which is very impressive!
Although I am not superstitious….I dont think I’ll leave the list at 13 – instead I’ll add a few more dividend investing & personal finance twitter accounts you should definitely follow!
Dividend Investor: https://twitter.com/DividInvestor
Million Dollar Journey: https://twitter.com/FrugalTrader
Dividend Growth Investor: https://twitter.com/DividendGrowth
The Dividend Guy: https://twitter.com/TheDividendGuy
Dividend Growth Investing & Retirement: https://twitter.com/DGIandR
A Lawyer Her Money: https://twitter.com/alawyerhermoney
Roadmap 2 Retire: https://twitter.com/Roadmap2Retire
Nelson/Canadian Dividend Investing: https://twitter.com/thenelsonsmith
I am always looking for new content to consume – so if you have any recommendations of investing blogs or twitter accounts that focus on Canadian Dividend Stocks, or Canadian Equities – please let me know in the comments.