Summer is over already?
At least it feels that way in Montreal. We had an unusually cool summer, barely even needed to touch the AC throughout. Hopefully that means we’re in for a warm winter, to even things out? Is that how it works? Probably not, but I’ll cross my fingers.
It’s a rainy day here in Montreal, or rather was when I started writing this, perfect weather for sitting in front of a computer and hammering out a blog post. August was a nice, solid month for us, income-wise (not that anything else went wrong). We collected nearly $2300 in dividend income, and saw our portfolio’s total value rise by just shy of $12k. If we were to stop investing today and just live off of this, things would probably go just swell at this point, but I’m going to one-more-year it for a while, and see how much I can overshoot our target before calling it a day.
In our personal lives, nothing much. An unusual number of kids birthdays and weddings punctuated the month, and I’m actually trying to type this up before anybody wakes up and we get ready for yet-another wedding this evening. MrsSLM and I (mostly I) have been climbing like crazy at the new local bouldering gym, and today marks my first successful send of a V5. Mostly a meaningless accomplishment to any non-climbers, but I’m still proud nonetheless.
This months total: $2,251.70
All in all, a very nice month. Pretty typical set of payouts for this month, only standout thing was the double payment for TSE:VDY which ended up boosting the overall by quite a bit.
We managed to put another $8k or so into our RRSP this month, but since I tend to just buy TSE:XEF with that you don’t see much in the way of an overall income increase. Realistically, we should probably use something like the 4% rule for a subset of our portfolio, which would reflect more accurately the reality of withdrawing from those particular funds in retirement. There were also some unfortunate dividend cuts, TSE:CUF.UN and TSE:D.UN both slashed their dividends by a not-inconsiderable amount. Some of this was balanced out by some nice increases from the banks.
Also sold a call on my TQQQ shares, which at this point looks like it will get exercised. Have a couple more weeks until expiry, we’ll see if I have to roll that or not. As of writing, NYSEARCA:TQQQ is trading over $115 and my cost basis is about $99 so it’s a win either way. Lastly, picked up a few shares of NASDAQ:XIV after the volatility in mid-August. Timing wasn’t awesome though, so my cost basis there is about $80.
|H&R Real Estate Investment Trust||TSE:HR.UN||$32.20|
|RioCan Real Estate Investment Trust||TSE:REI.UN||$39.36|
|Allied Properties Real Estate Investment||TSE:AP.UN||$21.68|
|Chartwell Retirement Residences||TSE:CSH.UN||$19.20|
|Canadian Apartment Properties REIT||TSE:CAR.UN||$20.27|
|Cominar Real Estate Investment Trust||TSE:CUF.UN||$30.50|
|Dream Office Real Estate Investment Trust||TSE:D.UN||$21.25|
|Vanguard Canadian Bond ETF||TSE:VAB||$160.48|
|iShares S&P/TSX Canadian Dividend Aristocrats ETF||TSE:CDZ||$74.60|
|National Bank of Canada||TSE:NA||$215.76|
|Inter Pipeline Ltd||TSE:IPL||$55.90|
|Exchange Income Corporation||TSE:EIF||$123.90|
|Enbridge Income Fund Holdings Inc||TSE:ENF||$62.62|
|Bank of Montreal||TSE:BMO||$195.30|
|Royal Bank of Canada||TSE:RY||$326.25|
|Vanguard Canadian High Dividend ETF||TSE:VDY||$508.47|
|TransAlta Renewables Inc||TSE:RNW||$18.48|
|iShares S&P TSX Capped REIT Index Fund||TSE:XRE||$113.82|
|Forward Dividends||$28,506.13 / year (+$90.25)|
|Portfolio Value||$854,031.67 (+$11,752.16)|
See the full graph of dividends month by month on my Income page.