Munich

IMG_20160620_181237
München is really pretty.

I was lucky enough to have a work conference last month in a super cool and interesting place to visit, so of course MrsSLM and the little man tagged along. It was an easy opportunity for a cheapie vacation since most of my expenses are covered by work (stuff like food, airfare, hotel), meaning they can sleep for free at the hotel and really only need to pay for airfare and some food.

Munich is an absolutely beautiful city but since I was officially working half the time we were there, I didn’t get to see as much of the city as I’d have liked.  We did the usual tourist stuff, wandered around Marienplatz, took a lot of pictures, and ate some German food. Not a lot since the little man can be hard to please sometimes, which meant finding places he was happy to eat from. That generally meant Asian stir fry (he loves rice), but conflicted a bit with what mommy and daddy would have gone to check out if it had just been us. He won that battle. He always does. I still got to enjoy a few bits of German cuisine like sausages and pretzels, but didn’t get too in depth here. Next time! I think the biggest takeaway for me was that Munich is such a beautiful city and I should come back one day armed with more time to explore it properly.

Btw, for those of you wondering what it’s like taking a 9 hour flight with a 2 year old, it’s as much funs as it sounds. Which is to say, it’s a small taste of hell. Time stops. Not only does time stop, but then it sits back and mocks you as you stare desperately at that little flight status update thingy on the screens, hoping to see the little airplane icon nudge forward just a little bit.

I have a work related reason to be in London in another few months, so perhaps we’ll do this whole song and dance soon enough 🙂

 

Brexit

I can’t really say it any better than John Oliver did, so just watch that if you haven’t already. From my perspective I did all of… nothing. Watched my stocks dip, then immediately climb back up.

 

Garden

Dead Man's Fingers
Oddly beautiful, they’re called “Dead Man’s Fingers”

Summer is upon us and MrsSLM’s and my little garden is starting to sprout it’s first veggies and fruit. Last year was our first foray into gardening, having never had a garden of our own up until that point. We went a bit nuts planting 6 tomato plants, 6 zucchini plants, and assorted chives, green onions, cucumbers, raspberries, and some Asian vegetables that I have no idea what they’re called. They’re green and delicious when stir fried about sums up my involvement with them.

Part of this is totally on me; my thinking was “Hey I love zucchini, I can eat a tonne of that, lets plant a whole bunch”. For those of you who don’t garden, can you guess how much zucchini 6 plants yields? The answer:

Way too much.

So this would be totally fine if you had planned subsist entirely on zucchini, breakfast, lunch, and dinner, then by all means, plant a bunch of these things. I am just in awe of how much food each one those things yield, and you gotta harvest them quickly. See, that doesn’t work with a lazy farmer such as myself. As is often the case, I’d see one growing and looking about the right size, but not feeling like going to pick it so I’d just stroll past and mentally note I should come back. A day or 2 later, I’d come by with a knife and a bag, and that little sucker was now an arm-sized abomination :p Still tasted good, but geeze how much are we really gonna eat. We were giving them away by the bag full to neighbours, friends, family. At one point, MrsSLM’s mother practically begged us to stop bringing them over and unloading them at her place. Similar story with the 6 tomato plants, except that I could use up a tonne of them making homemade tomato sauce.

This year we’re reigning it in a bit, and opting for more variety instead. Just a couple zucchini/tomato plants with some new crops like watermelon and beans.

 

Website

I’m noticing weird slowdowns sometimes when I access the site, I wonder if external visitors are experiencing the same issues? Often I visit and there may be a 5 minute period where the website is down, before finally connecting. Shared hosting has its downsides, but I’d think it’d be enough to service this little blog and its meager stream of visitors. Especially since I’ve got most of the WordPress caching options enabled. Maybe its because I’m logged in as administrator, which bypasses those optimizations? I’m curious to hear if any of you have experienced that coming to this site.

Haven’t made any progress on my AppEngine version, mostly due to things like going outside to enjoy the sun and visiting Europe! 😀 The 2nd screaming little man is due in 6-7 weeks though, at which point I’ll have a few months off and possibly try picking this project up again.

 

Finances

On the purchase side of things, not much activity going on as you can see. I switched over $10k worth of VAB into BMO instead (I’ll be gradually divesting my bond position since I’m over heavy on that). Picked up a few shares of RNW using some dividend income from the prior month. I also picked up 200 shares of FLO using the proceeds from my sale of some UVXY options (made a tidy 45% from trading those, I’ll write about this at a later date), which I then turned around and wrote some calls against.

Overall though, a light month on purchases mostly due to a few things. Firstly, our house account was starting to run low, so I funneled a few thousand there. Secondly, we had a trip to Munich (mostly business related), and although a significant portion of it gets covered by work, I paid for most things out of pocket and applied for reimbursement (I collect free points that way 🙂 ). I should expect that in July, I’ll get paid back through payroll, and additionally some US cheques will finally clear, leaving me a bit flush with cash and ready to do some heavy buying!

 

Name Symbol Purchase
Transalta Renewables Inc TSE:RNW 68
Bank of Montreal TSE:BEP.UN 122
Flower Foods Inc NYSE:FLO 200
Enbridge Income Fund Holdings Inc TSE:ENF 116

 

On the dividends side of things, this was an insane month! I was actually expecting something similar to last month, but I had an unexpected payout from a set of bi-annual ETF’s (XEC, XEF, forgot to factor them in), which ending up smashing the previous month’s high watermark and pushing us up to $2371.92. This was totally crazy and unexpected, and absolutely will be unchallenged for quite some time. I’m expecting next month to be quite low in comparison to the average to make up for this. Still it’s incredibly satisfying to see a month well over $2000. If only they could be all like that, although in time I have no doubt that they will be 😀

 

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
iShares S&P/TSX Canadian Dividend Aristocrats ETF TSE:CDZ $76.13
iShares Core MSCI Emerging Markets IMI Index ETF TSE:XEC $31.28
iShares Core MSCI EAFE IMI Index ETF TSE:XEF $752.89
Vanguard Canadian Bond ETF TSE:VAB $303.39
Canadian National Railway Company TSE:CNR $41.25
Inter Pipeline Ltd TSE:IPL $53.30
Enbridge Income Fund Holdings Inc TSE:ENF $35.14
iShares Core High Dividend ETF NYSEARCA:HDV $150.73
Hydro One TSE:H $99.12
Vanguard Canadian High Dividend ETF TSE:VDY $353.60
Vanguard Global All Cap ex Canada Index ETF TSE:VXC $261.87
Total $2371.92

 

Check out my Income page for fancy graphs of monthly dividend income.

Financial Update – June 2016

20 thoughts on “Financial Update – June 2016

  • July 3, 2016 at 8:16 pm
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    Nice income stream there! Very impressive work. How long have you been at it? Thanks for stopping by my blog as it let me find yours. All the best.

    Reply
    • July 3, 2016 at 9:03 pm
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      Hi Greg! Good question, and probably a sign that I need to write a more thorough “how did we get here” post in the future. The tldr is roughly 3 years of investing seriously with the goal of retirement soon, with another few before that (on and off) without a near-term goal.

      Reply
      • July 3, 2016 at 9:19 pm
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        Great! How far do you estimate you are to the goal? (ie what is your desired income in retirement?

        Reply
        • July 3, 2016 at 9:53 pm
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          I think that falls under “it depends”, as in “it depends” how much longer I’m willing to work ! haha!

          I don’t think I’d leave without at least $3k/month average, but ideally more like $5k. I’m also entertaining ideas like dropping down to part-time work, doing consulting, that kind thing once I cross that $3k mark.

          How about yourself?

          Reply
  • July 3, 2016 at 9:17 pm
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    Awesome month of income! I can definitely relate to the flight of hell, as I have a two year old as well, and traveling with the little one can be, frankly, hell. I’ve been fortunte enough to live in Germany for awhile so I appreciate all things German, as it’s an amazing place to visit. Your gardening story rang true with me as well. My wife and I set up gardening boxes last year and over planted by a ton, so we had to scale back to avoid waste or just go into the produce business. 🙂

    Reply
    • July 3, 2016 at 10:20 pm
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      Yeah flying with a toddler definitely sucks! Fortunately on the way out we took the red-eye, so he at least slept that leg of the journey.

      Very jealous, Germany seems like a great place, at least from my limited visit. Are you there permanently? Where are you from originally?

      Haha yeah producing TOO much is a weird problem with gardens. Mostly just because I can’t stand seeing any of it go to waste.

      Reply
  • July 4, 2016 at 6:13 am
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    your dividend income is amazing! I would be happy if my options premium income would go above that 2000 milestone in a few month.
    you are a big inspiration to me 🙂

    to me your website looks fast enough, no problems here.

    thanks for sharing your income 🙂

    keep it up!
    Chri

    Reply
    • July 4, 2016 at 4:09 pm
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      Looks like we inspire each other then! I really have to step up my options game, probably leaving a lot on the table.

      Reply
  • July 4, 2016 at 11:14 am
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    Thanks for sharing SLM. You’re doing awesome! Congrats on the purchases. All solid buys.
    Let’s keep at it bud. Every day, month is a blessing!
    Enjoy the kids… They grow up too fast 🙂
    Cheers bro and don’t stop!

    Reply
    • July 4, 2016 at 4:10 pm
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      Thanks Hustler, looks like we’re both doing great! Definitely right on about the kids, I swear the little guy was just born yesterday but he’s about to celebrate his 2nd birthday.

      Reply
  • July 5, 2016 at 12:41 am
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    Thanks for dropping by my abode.

    $2371.92 is a smashing income total for a single month! You will soon be approaching $1000 per month on average for 2016….this is my intermediary goal as well. I hope to reach $750 pm average by end of this year. Wish me luck!

    Best of luck for you on this wonderful journey of FIRE.

    Reply
    • July 5, 2016 at 1:29 am
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      Hey humblefi! Definitely good luck to you and thanks for stopping by!

      Reply
  • July 6, 2016 at 12:04 pm
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    Awesome, awesome job SLMs! This is a fantastic update, you guys are receiving so much money 🙂

    The flight I can relate to, just travelling a long way is difficult by yourself, let alone with a lil child. I’m glad you guys got some awesome family time together 🙂

    Tristan

    Reply
    • July 7, 2016 at 12:08 am
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      Thanks Tristan, yeah it was a great month, super surprised!

      Reply
  • July 7, 2016 at 1:34 pm
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    Any posts planned for how you got into dividend stock investing? Because your payouts are looking balllllerrr.

    Reply
    • July 7, 2016 at 11:51 pm
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      Hey Pia! Yeah been slowly writing out a post to cover that whenever I have free time, I’ll try to get it done sometime soon!

      Reply
  • July 7, 2016 at 4:35 pm
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    Wow, it was a fantastic income month for you. Congrats. Thanks for sharing the photos, Munich looks like a great place to visit. I do the same as you, whenever I travel somewhere interesting on business the family tags along for the free hotel, car, etc. Nice job.

    Reply
    • July 7, 2016 at 11:53 pm
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      Hey IH! Munich was fantastic, wish I could have seen more. Yeah makes sense to have everyone tag along and squeeze in some free vacationss, I won’t be working forever haha.

      Reply
  • July 11, 2016 at 7:28 am
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    Nice long list of companies paying you in June. Great way to diversify that income stream. Is TSE:CAR.UN similar to AVB or EQR? I have been looking into apartment REITs for some time and have both names on my watch list but have not pulled the trigger on either. In any case, you have a serious total for passive income earned and a very inspirational figure for many of us to attain one day.

    Reply
    • July 13, 2016 at 12:30 am
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      Thanks DivHut! I’m not familiar with those, but a quick google search seems to indicate that they’re similar yeah, reits with a strong focus on residential.

      Reply

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