Bringing in the potato harvest.
Bringing in the potato harvest.

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.

 

Finances

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.

 

Name Symbol Income
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
Smart REIT TSE:SRU.UN $24.08
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
Emera Inc TSE:EMA $187.58
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
Total $2,251.70

 

 

Summary

Dividends Collected $2,251.70
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.

Financial Update – August 2017

19 thoughts on “Financial Update – August 2017

  • September 7, 2017 at 4:40 pm
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    Man, what a great update. I’m always inspired when I read your income posts. I love photo too. wash those potatoes ;-). Keep it up SLM!

    Reply
    • September 9, 2017 at 5:56 pm
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      Thanks, we’ve never planted potatoes before, just did it on a whim since we had some extra space. Was fun to dig them up.

      Reply
  • September 7, 2017 at 6:39 pm
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    Wow what a solid month when it comes to dividend income. Can’t believe summer is almost cover. I guess for you snow is just around the corner. :S

    Reply
    • September 9, 2017 at 8:14 pm
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      Heh yep, although its actually really nice up until Jan. Not sure what I prefer, Vancouver’s rain or Montreal’s cold.

      Reply
  • September 7, 2017 at 7:00 pm
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    Excellent month SLM. 2k plus in dividends in one month is just pretty amazing. Looking forward to more awesome reports.

    Reply
    • September 9, 2017 at 8:20 pm
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      Thanks, wasn’t quick to get here but definitely loving being somewhat consistently over that mark.

      Reply
  • September 8, 2017 at 1:07 am
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    Just stumbled on your website!

    Congrats on an amazing month there! That picture is adorable! It tells you about finer things in life.
    Btw, I looked at your portfolio, and you seem to be holding a lot of ETFs, any particular reason as to why?
    Also, is the portfolio investment on borrowed money or margin power..? Was curious as it wouldn’t be long before you hit that $1M mark; perhaps end of next year, but that’s me being too conservative.

    Cheers,
    PAI

    Reply
    • September 9, 2017 at 8:33 pm
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      Hey Alpha! Yeah definitely little moments like that count for a lot. I hold etf’s for diversification, I’m not a dedicated dividend investor, prefer indexing for outside of Canada.

      Nope no margin or borrowed money, unless you count the little bit I hold in 3x leveraged stuff. That’s just some play money for trying out crazy trades though. My simulations put us around the $1M mark in spring of 2018, if market remains at least flat.

      Reply
  • September 8, 2017 at 1:55 am
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    That’s an awesome dividend update, hopefully one day I will be there! Just need to multiply my current portfolio by four lol. Love the big banks, I anticipate they will do well with the recent interest rate increase. I have National Bank and BMO as well. I used to own EIF but sold it a while back, I remember that one being a very generous dividend payer.

    Reply
    • September 9, 2017 at 8:36 pm
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      Hi Gym! Yeah love the banks as well, if I was a bit riskier I’d go much heavier on them but I’m actually trying to balance my portfolio out a bit.

      Reply
  • September 9, 2017 at 3:26 am
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    I’ve been saying the same thing about the weather in Cleveland. It has been a pleasant surprise and hopefully a unusually cold summer is offset by an unusually warm winter (versus an unusually cold winter too haha). It is insane that you were able to post those kind of dividend totals during the month of August, so congratulations on the results!

    Bert

    Reply
    • September 9, 2017 at 8:37 pm
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      Really hope that’s how it works 🙂 Wouldn’t mind a tame winter at all.

      Reply
  • September 9, 2017 at 11:28 am
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    Woot woot yet again another killer month. Grats on the rock climbing achievement. Ive done it once on a cliff, killed the hands. You must have a hell of a grip. Do you drip your accounts?
    Cheers

    Reply
    • September 9, 2017 at 8:40 pm
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      If I keep going, I’m sure I’ll develop a killer grip! Nope, DRIP manually, too lazy to set it up properly.

      Reply
  • September 10, 2017 at 10:23 pm
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    Solid and inspiring update as usual. A hefty amount for August which is pretty much a salary for some. Love seeing a Canadian bank or two in the mix as well. Looks like it’s all those REITs doing the heavy lifting. I think your portfolio is the heaviest on REITs from what I can recall seeing online. Thanks for sharing!

    Reply
    • September 12, 2017 at 12:14 pm
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      They look like they contribute more than they do. There’s a bunch, but mostly because I manually bought up the top holdings of a typical reit etf, to avoid the relatively high MER. Adding them up only brings them to about 10-15% of the total in any given month, and that’s going down as the rest of the portfolio gets new purchases.

      Reply
  • September 11, 2017 at 10:50 am
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    Same crappy weather on this side of the pond! Not a lot of cycling to work lately, too much rain and wind. Rather unfortunate, hope it does turn around later this fall….
    You are killing it as usual! Nice numbers once more. Many of the same payers too that we have. Great minds think alike?? 😉

    Reply
  • September 25, 2017 at 8:34 pm
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    What a great numbers you have got here. Loving to see these numbers grow.

    Congratulations!

    Reply
  • September 26, 2017 at 10:50 am
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    Nice dividend income and what i mostly like is the diversification (a lot of ETF and REIT’s). Keep up the good work what comes to dividends and blogging.

    If you interested my personal finance blog or my portfolio you can find it from my site: http://www.freedomsearcher.com

    Regards,
    Matt

    Reply

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