Pinecone hunt'n
Pinecone hunt’n

July in Review

Been loving my garage gym setup, I go down there pretty frequently to just get a few sets in. Seeing all my lift numbers (starting) to drift back up to previous levels is encouraging. I think I was in my best shape years ago, when I for myself.

Another interesting development is the opening of a bouldering gym in my area, not more than 5 minutes walk from our house. Love it when new, cool places open in this area so even though I’ve never bouldered before, both MrsSLM and I went and immediately signed up for 1 year memberships. I had some insanely old rock climbing shoes that I bought back in University (only went a couple times), and a quick trip to MEC and MrsSLM was all set up. We’ve gone a few times now, it’s really fun and challenging. I find I’m really limited by my grip strength at the moment, gotta go more often I suppose!

Nothing new at work, although MrsSLM and I have been talking about me dropping my hours soon. I’m thinking in the winter/spring period I’ll start poking at the subject with my manager. Ideally I’d like to drop to 3 days a week, enough to still strongly contribute.

Home life is good. Both of the little men are doing great. In another month or 2 we’ll start sending SLM #2 to daycare, which will free up enormous amounts of time for MrsSLM.

As I mentioned in the previous post, our numbers are ever drifting higher and questions like when do I stop and retire are starting to become relevant. Started a post that’s at some X% completion, mostly needs me to actually spend time finishing it.

 

Finances

Dividends: $1,561.69

Nothing to complain about, although one can’t help but compare to the previous month lol. This period is never that strong though, we just don’t have a large number of payers.

In other financial news, I received the last of my tax refunds, which I then ploughed directly into my RRSP. As I mentioned last month, I hadn’t realized that I had over $80k in unused contribution room, so this year will be all about maximizing that. Which will then, in turn, turn into a massive refund next year.

Sold off my NASDAQ:XIV position, did fairly well off that buying in around $70 and selling at $90. I’m watching again for another entry point, think I’ll try to do more of these short term revert-to-mean volatility plays in the future. I’m also holding some NYSEARCA:TQQQ and sold calls on it.

 

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 $24.38
Dream Office Real Estate Investment Trust TSE:D.UN $31.88
iShares S&P/TSX Canadian Dividend Aristocrats ETF TSE:CDZ $74.60
Bank of Nova Scotia TSE:BNS $197.60
TELUS Corporation TSE:T $238.37
BCE Inc. TSE:BCE $256.87
Inter Pipeline Ltd TSE:IPL $55.90
Exchange Income Corporation TSE:EIF $92.75
Enbridge Income Fund Holdings Inc TSE:ENF $62.62
Toronto-Dominion Bank TSE:TD $201.00
TransAlta Renewables Inc TSE:RNW $18.48
iShares S&P TSX Capped REIT ETF TSE:XRE $113.82
The Coca-Cola Co NYSE:KO $34.65
Total $1561.69

 

 

Summary

Dividends Collected $1,561.69
Forward Dividends $28,415.88 / year (+$817.10)
Portfolio Value $842,279.51 (+$16,295.79)

 

See the full graph of dividends month by month on my Income page.

Financial Update – July 2017

13 thoughts on “Financial Update – July 2017

  • August 4, 2017 at 1:33 am
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    Great update. Seriously impressive dividend income for a lower payout month. I’m envious of your annual forward dividends. Nice work!

    Reply
  • August 4, 2017 at 1:25 pm
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    Crazy numbers man. I have a portfolio crush! 🙂 Keep up the great work. Glad you are enjoying the home gym. It really is the way to go in my opinion.

    Reply
  • August 5, 2017 at 2:22 pm
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    Pretty darn impressive numbers SLM. Gotta love it. Comparing a month from the first and second quarter is a fools game, especially since if you are pretty mutual fund heavy with your expenses. Also glad to hear that you are making use of your garage gym and are starting to see some great results. Good news all around.

    Bert

    Reply
  • August 5, 2017 at 5:26 pm
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    That’s an incredible report SLM. What’s cool is not just the total amount of dividends received, but the fact that it’s coming from so many sources. You have an impressive portfolio and deciding when to stop and retire is a good problem to have.

    Looking forward to more awesome reports.

    Reply
  • August 6, 2017 at 12:14 am
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    Great numbers and makes.me want to buy more riocan! Nice about the gym. I went rock climbing once but like you i need to work on my grip!
    Cheers guys

    Reply
  • August 6, 2017 at 5:36 am
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    Just another great report SLM! Very strong and broadly diversified portfolio, many separate income streams! Also great that you enjoy the home gym.
    Keep it up and all the best for your journey towards Financial Independence.
    Cheers

    Reply
  • August 6, 2017 at 6:30 am
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    Nice work SLM, it is great to read that you are getting close to considering reducing your hours, everything is paying off for you. The fact that $1.5k is a lower month for you is a compliment to how far you’ve come.

    Mr DDU

    Reply
  • August 6, 2017 at 1:45 pm
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    Wow! I’m going to have to bone up on dividend investments. Nice work! My niche is real estate rentals, but I’d like to diversify a bit more. I’ll have to take a look at your archive to gain some wisdom on this front. Cheers – and good luck with the new gym!

    Reply
  • August 6, 2017 at 6:47 pm
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    Nothing to complain about for sure. Four figures coming in passively should always be a joy even if it comes off a June high. Clearly you are on the right path and hopefully you’ll be able to free up some time from work during the week to get back into climbing shape 🙂 Thanks for sharing.

    Reply
  • August 7, 2017 at 6:12 am
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    Again, some impressive results. Love seeing these updates. And looking forward to read what your plans will be with your work. Sounds thrilling that you can start thinking about reducing hours, or even retirement altogether!

    Reply
  • August 8, 2017 at 8:24 am
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    congrats on a new impressive result 🙂
    I am working hard to get to that point of portfolio value. maybe in 10 years 😉

    best regards
    Chri

    Reply
  • August 14, 2017 at 6:18 pm
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    Just a question. Do you have a paid down house in addition to these investments? Or do you have to pay on your house with this income.

    Reply

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