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Out looking for coffee at dawn.

Another busy month, one of those times where if you blink, you’ll miss it.

 

Baby Time

So baby day came and went in the latter half of August. Mother and baby are both healthy, happy, and at home resting now. That was a long week since we had to stay over in the hospital an extra few days so they could clear the little guy to go home (turns out it was nothing, but better safe than sorry!). I remember doing this whole thing down in the US years ago with the first little man, was interesting to compare how it went in each place. We had ridiculously good health coverage in the US through my employer, but overall the quality of the service there and here was nearly identical. About the only thing that was significantly different was that in the US, you had half a dozen different options available for dealing with the pain, whereas here there was only an epidural. Also we walked away from this birth with bills for only a couple hundred bucks, most of that being take-out costs to cover the extra days whereas I think we still had to pay an extra $5000 or so above what insurance covered in the US.

So far #1 isn’t showing any signs of jealousy which is nice. We moved to try to mitigate any issues, taking advice from friends and coworkers, and making sure to make a lot of time for him. One funny bit of advice we got from coworkers was to have the baby “give” a gift to start things out on a positive note. That actually went really well, with the little man thanking the baby and going off to play with his new ambulance toy πŸ™‚ They’re getting along great right now, with the little guy asking if he can hold the baby, or give him a little kiss once in a while.

I’m on paternity leave now and loving it, small taste of what it’ll be like to FIRE in a couple years. I’m mostly catching up on shows that I never made time to watch like Silicon Valley, and hitting the gym pretty hard. I thought I was going to be in brutal shape with the night feedings and all that, but 2 years of raising the first screaming little man has made me a lot less dependant on sleep than I realized.

 

Goals

Might as well do a partial update on our 2016 goals since we’re here.

  1. Survive Baby #2: So far so good.
  2. 2 Months Leave: All good here, put in my requests for paternity leave and parental leave so I’ll be off work until at least November.
  3. Forward Dividends $21k: Right now we’re looking at about ~$19.4k and inching ever closer.Β I’ll look at this a bit more closely at the end of September.
  4. Back to Boxing: All signed up at a local mma gym, went a couple times but then baby. Taking a week to let things settle and I’ll be back to going regularly.
  5. Half Marathon Training: Nope.
  6. Flexibility/Rehab: Doing really well here,Β putting a solid 30-60 mins per day rolling and stretching. A lot of the tension is evaporating.
  7. Write Actual Posts: Nope

 

Misc

Silicon Valley: Oh wow, so good. After working in silicon valley this show really hits a little close to home. It’s a parody of the ridiculous culture down there, but in reality it’s not extreme “enough” to be unrealistic. I’ve MET many of those same people, I’ve worked with people who sincerely thought that their new BLAH framework was making the world a better place.

 

Finances

Can’t complain at all, great month August was! Through a combination of purchases and dividend increases, we managed to post a $200 gain vs this same set of companies back in May.

This months total came out to: $1,705.18 which is super respectable and I’m happy to see such a high number.

 

Name Symbol Income
H&R Real Estate Investment Trust TSE:HR.UN $31.50
RioCan Real Estate Investment Trust TSE:REI.UN $39.36
Allied Properties Real Estate Investment TSE:AP.UN $21.25
Smart REIT TSE:SRU.UN $23.38
Chartwell Retirement Residences TSE:CSH.UN $18.73
Canadian Apartment Properties REIT TSE:CAR.UN $19.32
Cominar Real Estate Investment Trust TSE:CUF.UN $3.43
Vanguard Canadian Bond ETF TSE:VAB $236.74
iShares S&P/TSX Canadian Dividend Aristocrats ETF TSE:CDZ $79.11
Toronto-Dominion Bank TSE:TD $184.25
National Bank of Canada TSE:NA $126.50
Potash Corporation of Saskatchewan Inc TSE:POT $61.85
Inter Pipeline Ltd TSE:IPL $53.80
Emera Inc TSE:EMA $107.64
Exchange Income Corporation TSE:EIF $41.54
Enbridge Income Fund Holdings Inc TSE:ENF $43.70
Bank of Montreal TSE:BMO $186.62
Royal Bank of Canada TSE:RY $303.75
Vanguard Canadian High Dividend ETF TSE:VDY $116.65
Total $1,705.18

 

Wasn’t a super purchase heavy month, won’t get to deploy a lot of capital for some time. I cashed out my latest round of vested stock at work, so probably sometime in September I’ll be able to deposit that in my US account and get to buying. Didn’t do much in terms of rebalancing my bond position again, and never got around to buying those UVXY puts (see baby stuff above). Still a decent gain in portfolio size (~$11k), mostly due to some nice moves in the market.

 

Name Symbol Purchase
Fortis Inc TSE:FTS 69
Enbridge Income Fund Holdings Inc TSE:ENF 85

 

Summary

Dividends Collected $1,705.18
Forward Dividends $19,336.62 / year (+$86.25)
Portfolio Value $593,288.89 (+$11,894.67)

 

Financial Update – August 2016

20 thoughts on “Financial Update – August 2016

    • September 5, 2016 at 8:57 pm
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      Thanks Nadya! Yeah they’re both doing really well. Hope your summer went well too.

      Reply
  • September 4, 2016 at 3:51 am
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    Congrats on the new member bud. What a blessing and glad everyone’s healthy.
    Awesome month in dividends! Let’s keep at it and keep hustling hard ! Thanks for sharing bro and Up, up and away! Cheers.

    Reply
    • September 5, 2016 at 9:00 pm
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      Thanks Hustler! Healthy family and money rolling in, can’t ask for more than that.

      Reply
  • September 4, 2016 at 9:35 am
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    Awesome job Mrs SLM on delivering #2, I hope you told her how good she did.

    You guys are doing so well with your financial goals – the fact you’re doing so well with your dividends is very inspiring. Well done on working on your fitness, I can see why you’ve got the fitness bug – I bet it makes you want FIRE even more!

    Tristan

    Reply
    • September 5, 2016 at 10:13 pm
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      Thanks Tristan! Yeah she did a great job.

      Fitness has always kinda been my thing, would love to have the time to spend 1-2 hours / day in the gym, maybe once I FIRE.

      Reply
  • September 6, 2016 at 6:40 am
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    Happy to hear mother and baby are both doing well. Congrats on the new addition. Congrats on your passive income earned too. Looks likeit has been a very busy summer. Keep up the good work!

    Reply
    • September 10, 2016 at 4:38 pm
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      Thanks DivHut! Very busy summer, in a good way lol. Looks like you’ve got great results for last month as well.

      Reply
  • September 6, 2016 at 2:45 pm
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    What a busy month. Congrats on baby #2. Glad to hear everything went according to plan and that #1 is accepting the new addition. Congrats on a fantastic dividend income month as well. As for Silicon Valley, I agree, as over the top the show is, it’s not as silly as the real thing. I grew up in the valley and I’ve worked in the valley for 10-years. The insane things developers do and that these companies do to retain them is more crazy than this show. I love the show though.

    Have a fantastic month, enjoy your time off and the new baby. And try to get some sleep.

    Reply
    • September 10, 2016 at 4:39 pm
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      Thanks! Sleep is for people without newborns at home πŸ™‚

      Reply
  • September 7, 2016 at 11:23 pm
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    Congrats on baby #2! We got the gift idea from a co-worker too. We ended up giving Baby T1.0 a toy camera to take picture of the delivery process and Baby T2.0. He very much liked the idea of a little sister. Nice that you’re taking a 2 month parental leave, that’s definitely a small taste of what FIRE will feel like (hopefully with more sleeping πŸ™‚ ). That’s crazy you had to pay so much out of pocket in the US. Gotta love our Canadian health care system. Go socialism!

    Solid dividend income as usual. You guys are doing great!

    Reply
  • September 10, 2016 at 4:42 pm
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    Thanks Tawcan! Oh that’s a great idea, how old is your first? Our’s is only 2 so we just got him a toy ambulance (his current favourite truck/car/vehicle). Yeah I love our system too πŸ™‚ I have absolutely no problem paying more taxes if that means everyone has great care.

    Reply
  • September 13, 2016 at 5:19 am
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    congratulation on that little family member! πŸ˜€

    you dividend income is amazing too! i am impressed.
    I try to reach your portfolio value, but yours is more than 11 times higher than mine πŸ˜‰

    thanks for sharing!
    keep it up!

    Reply
    • September 14, 2016 at 4:48 pm
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      Thanks EasyDividend! You more than make up the difference with all your options income haha!

      Reply
  • September 17, 2016 at 3:24 pm
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    Wow, what a great month! Baby #2, $1700 in divi’s and you get to watch TV!

    I’m glad you are getting back into the gym, I just too started boxing again and things sure don’t work as well as they did when I was 18! I hope you do better than me.

    Reply
    • September 19, 2016 at 6:05 pm
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      Great month indeed, can’t complain at all!

      Oooh yeah at 18 I was invincible, these days not so much…

      Reply
  • September 21, 2016 at 1:38 am
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    Congrats on the birth of your child. Certainly seems like you had a terrific month. A baby plus $1700 in dividends is AMAZING.

    Reply
    • September 23, 2016 at 4:50 pm
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      Thanks Mustard Seed Money! Btw, that’s an interesting name, why are you called that?

      Reply
  • September 25, 2016 at 5:38 am
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    Congrats for the new little one,

    More than $1700 dividend income is absolutely amazing. I also own most the stocks you have, and now looking to buy more U.S stocks to diversify my portfolio.

    Keep up your good work.

    Reply
    • September 25, 2016 at 9:20 pm
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      Thanks Fj! Are you picking individual stocks for your US diversification, or just going with an ETF?

      Reply

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