Brisk afternoon stroll.
Brisk afternoon stroll.

 

December?

It’s a balmy -21Β°C in Montreal today, the older screaming little man is sick and I’m holding #2 on my lap while writing this post. As I’m attempting to write, he’s furiously attempting to eat my free hand. I fear my time is short.

I’ve set a time limit for myself, after which I’ll just post this, whether or not I feel it’s complete. Gotta pick your battles, and oh great he just pooped. It’s either post something incomplete or possibly be posting my December update in February. Quickly filled out the table below first, and now it’s on to picking a random picture to represent the month and writing something here about whatever happened.

Holidays were a blur, parents dropped in from Toronto to say hello. Saw a lot of relatives, ate a lot of food, didn’t get to the gym much although we weren’t bad about home workouts. Nice but tiring, as any Christmas vacation tends to be. I’m already looking forward to an actual vacation to recover from our Christmas break. Unfortunately with the Zika virus roaming around virtually every nice beach within reasonable travel times, and the possibility that it can cause developmental problems in young children as well as fetuses, we may have to be creative this year.

 

Finances

This months total came out to: $1,499.45, not bad.

Good to be back at work fulltime which means I can direct that firehouse of earnings at our accounts again, opting this month to start filling MrsSLM’s TFSA. We dumped in $25k and just bought up some shares of TSE:XRE. I tend to keep stuff like that in tax advantaged accounts where all the “complexities” of ownership get washed away. In my riskier plays account, I sold more calls on NYSEARCA:UPRO, been riding that up quite a bit with the recent gains in the S&P500. Also bought up some long-dated PUTS (Jan 2017) on NYSEARCA:UVXY (leveraged volatility), which I actually sold last week for a nice profit (must be something like 120% annualized, off the top of my head, like I said no time to check πŸ™‚ ). Overall that account was up some 40% last year in total, I’d be ecstatic if I could maintain that going forward.

 
Very nice on the dividend side of things, came out to nearly $1500 for the month. Over the last few month I’ve compared our earnings to what we spend and at this point we very consistently earn more from our investments than what our visa statements show (house and other junk is covered by tenants). So technically we could FIRE anytime, but with almost no buffer for other things (vacations, unexpected expenses, whatever else). I’m in no hurry.

 

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 $21.25
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 $10.90
Vanguard Canadian Bond ETF TSE:VAB $78.09
Canadian National Railway Company TSE:CNR $41.25
Brookfield Renewable Partners LP TSE:BEP.UN $158.15
Inter Pipeline Ltd TSE:IPL $55.90
Exchange Income Corporation TSE:EIF $66.50
Enbridge Income Fund Holdings Inc TSE:ENF $56.91
iShares Core High Dividend ETF NYSEARCA:HDV $323.81
Fortis Inc TSE:FTS $116.40
Hydro One TSE:H $99.12
TransAlta Renewables Inc TSE:RNW $18.48
Total $1499.45

 

 

Summary

Dividends Collected $1,499.45
Forward Dividends $23,452.67 / year (+$1,626.71)
Portfolio Value $708,487.82 (+$47,012.71)

 

See the full graph of dividendsΒ month by month onΒ my Income page.

Financial Update – December 2016

20 thoughts on “Financial Update – December 2016

  • January 8, 2017 at 7:44 pm
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    Solid stuff! I’m looking forward to hit that kind of forward dividend in a few years.

    Totally know what it feels like holding a baby while attempting to do something… Had to do that for dinner tonight. Good times.

    Reply
    • January 9, 2017 at 1:55 am
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      I enjoyed a nice coffee and croissant while holding him earlier. Afterwards, he looked like he had the world’s worst case of dandruff πŸ™‚

      Reply
  • January 8, 2017 at 11:34 pm
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    A very strong showing for the month of December. I have yet to crack the four digit month with regular dividends but I know it’s in my future. Judging by your distributions I would venture to guess that you have affinity for real estate πŸ™‚ Lot’s of REITs up there. Great job for the month and for the year. Here’s to a strong 2017!

    Reply
    • January 9, 2017 at 1:58 am
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      Assuming you stay motivated and keep contributing, $1000/month is an inevitability πŸ™‚

      Actually that’s not a lot of REIT’s, originally when I maxed out my TFSA I didn’t want to pay the MER on the existing REIT etf’s available so I just took the top holdings. If you sum up their monthly contribution, it doesn’t amount to much more than 10% of the portfolio’s earnings and that’s shrinking rapidly since the portfolio grows much faster than space in our TFSA does.

      Reply
  • January 9, 2017 at 12:56 am
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    Nice payout in December. I’m going to mail you $.55 cents so you can list $1,500 ;-). Your portfolio value and forward dividends are impressive. Keep up the good work and try to stay warm up there.

    Reply
    • January 9, 2017 at 1:59 am
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      Ooh deal πŸ™‚

      Reply
  • January 9, 2017 at 7:30 am
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    Oh wow that is a fantastic yearly income from dividends. You would definitely be happy with that. I hope you do well in 2017.

    Reply
    • January 10, 2017 at 5:27 pm
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      Thanks BHL, here’s to a good year in 2017 for both of us πŸ™‚

      Reply
  • January 9, 2017 at 7:57 pm
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    It’s hard to imagine how it must be like with kids hanging around, no kids here, but it sure adds something nice on the reading πŸ™‚

    And great going on the dividends. Being ‘technically’ financially independent sounds awesome.

    Reply
    • January 10, 2017 at 5:29 pm
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      Yeah they definitely make life interesting around the house.

      Reply
  • January 10, 2017 at 5:40 am
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    Hey,

    awesome dividends here as usual! πŸ™‚
    You wrote at my blog: “must be nice to cross that $2k mark”

    You know what it feels like πŸ™‚ didn`t you realize the 2k dollars in June? πŸ™‚

    Do you have twitter or facebook or something like that?

    best regards
    Chri

    Reply
    • January 10, 2017 at 5:31 pm
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      Haha yep we did, once and although technically our forward income is almost at $2k/month we actually haven’t gone past the $2k mark since.

      I think you mentioned you wanted to get in contact, I’ll shoot you an email, assuming the one you used is valid.

      Reply
  • January 13, 2017 at 12:10 pm
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    Nice going, great to see that you have been doing well in (December) 2016. We actually also found out that we are “borderline” FI, but same issue here. No buffers just yet, so it is a bit premature to call it quits. Only difference between us is that you get more dividends, we have more coming from the real estate side of things.
    Good luck in 2017! Feel you pain with regards to juggling life with kid(s).

    Reply
    • January 13, 2017 at 10:35 pm
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      Funny isn’t it, I mean depending on whether you’re just going by dividends or by SWR or whatever, there’s supposed to be a “buffer” built in. But here we are, building a buffer on top πŸ™‚

      Yeah I don’t really report our real-estate, but we have 4 units in our rental and they collectively pay out more than double any costs (mortgage, insurance, etc.).

      Reply
  • January 21, 2017 at 5:09 pm
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    Awesome totals MrSLM. I am also willing to send you the .55 cents to get the $1500 total. You must be very happy with the progress. I am getting there as well. Expecting 2017 to be a banner year. I will crack the $1000 barrier one month n 2017 I believe. We’ll see. Stay warm and enjoy the income !

    -Brian

    Reply
    • February 8, 2017 at 3:17 am
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      I’ll be watching and celebrating when you do cross that $1000 / month mark πŸ™‚

      Reply
  • February 2, 2017 at 1:07 pm
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    Very nice work guys! Great return on your put too… I’m just reading about that stuff, sounds fun. Always like reading the Lil blog of what’s new in life and seeing your dividend income. Keep it up

    Reply
    • February 8, 2017 at 3:17 am
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      Thanks, definitely a lot to learn in the options arena and I’m taking it slow.

      Reply
  • February 4, 2017 at 7:03 am
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    Nice job SLM, that’s a great total. Regarding holidays, I hear Australia and NZ are great this time of year, you’d love it! πŸ™‚

    Tristan

    Reply
    • February 8, 2017 at 3:18 am
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      Haha, aren’t they nice ALL times of the year?

      Reply

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