Remembered to update this time
Last month I was pretty lazy about the whole updating the site thing. Didn’t get it out of the way early in the month, thought about it a couple times throughout and finally gave in a few days ago. Kept it pretty spartan though, mostly just numbers.
Summer is here, nice warm weather and no good reasons to be in front of a computer all the time (apart from the fact that it’s my job). I also splurged a bit and outfitted my garage with a full gym. Got the works, squat rack, few hundred pounds in bumper plates, some heavy kettlebells, and an assault air bike. Ran about $3000 total, but with 2 kids I felt like even ducking out to the gym was starting to get difficult. It’s 15 mins there, 1-2 hrs to workout, 15 mins back + shower. Generally means you have to find a large block of time to go. With a gym downstairs, I can actually run down to do a set, or whatever, and run back up.
Work is smoothing out and getting easier. Managed to find ground with each engineer and push them along in their respective projects. Getting there was a bit of a long road, which is what consumed a lot of my time in May/June. The next few quarters are now dedicated to taking their work, and pushing it into a production setting. It’s exciting to see their work finally go live. I only took over at the tail end of some of the projects, and some have been in development from early last year.
As the numbers on the blog and spreadsheets drift ever upwards though, I’m starting to grapple with questions like when do I throw in the towel here. I like my work, but if I won the lottery tomorrow, most people on my team would never hear from me again. It’s planning that I’ve largely put off because it wasn’t relevant yet, but I’m starting to think it may need some thought soon.
So yeah, this was a crazy month for dividend income. A lot of this spike in income is attributed to our TSE:XEF holding, which only pays out bi-annually (Jan/June). Some other etf’s happened to double pay this month as well, like TSE:VDY. Overall effect was our first $3k month.
We happened to have a large pile of cash this month through a confluence of financial events. I had a large number of vested shares that had accumulated over the last 6 months or so from work, those were sold off and used to buy in to some USD ETF’s. We also got a large portion of our tax refund, which went towards TSE:XEF in an RRSP account. As an additional bonus, I learned that we have an enormous amount of RRSP room left to use, which means I’ll be making a tonne of contributions. For any non-Canadians reading, an RRSP (or registered retirement savings plan) is a tax sheltered account in Canada. The (simplified) tldr; of it is that you contribute pre-tax, and are taxed on withdrawal.
In other news, there was a surge in volatility back in around mid-May, and I managed to buy in to NASDAQ:XIV for around $70 or so. It’s been trending up since then, high of around $87 last week and right now sitting around $83-84. On the plus side I managed to get in at a good price, but this is new territory for me and I don’t have a good exit strategy. I feel like I should probably just take my profit now, anybody have some thoughts on this?
Work and other projects still take up the majority of my time so I haven’t been exploring options as much as I could. Been playing around again with leveraged etf’s and selling calls there. I’m thinking of buying NASDAQ:TQQQ and selling covered calls there, risky but very high reward, up 700% or so over the last 5 years.
|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||$24.38|
|Dream Office Real Estate Investment Trust||TSE:D.UN||$31.88|
|Vanguard Canadian Bond ETF||TSE:VAB||$162.43|
|iShares S&P/TSX Canadian Dividend Aristocrats ETF||TSE:CDZ||$78.37|
|Canadian National Railway Company||TSE:CNR||$54.75|
|iShares Core MSCI Emerging Markets IMI Index ETF||TSE:XEC||$36.01|
|iShares Core MSCI EAFE IMI Index ETF||TSE:XEF||$766.77|
|Brookfield Renewable Partners LP||TSE:BEP.UN||$159.55|
|Inter Pipeline Ltd||TSE:IPL||$55.90|
|Exchange Income Corporation||TSE:EIF||$88.38|
|Enbridge Income Fund Holdings Inc||TSE:ENF||$62.62|
|iShares Core High Dividend ETF||NYSEARCA:HDV||$459.75|
|Vanguard Canadian High Dividend ETF||TSE:VDY||$657.30|
|Vanguard Global All Cap ex Canada Index ETF||TSE:VXC||$599.78|
|TransAlta Renewables Inc||TSE:RNW||$18.48|
|iShares S&P TSX Capped REIT Index Fund||TSE:XRE||$111.13|
|Forward Dividends||$27,598.78/ year (+$1,724.89)|
See the full graph of dividends month by month on my Income page.