Hello Spring!

 

Life in general

zoey_may2016
Pay attention to me! Let’s go play ball! Cook me a steak! Shower me with affection!

This was a great month to be in Montreal. Winter can officially be declared dead, spring is here in full force with some hints of summer just around the bend. MrsSLM has been pretty active in the garden, planting flowers along with cucumber/tomato/zucchini/snow pea plants. The little man has been pretty happy to be able to wander outside, play in his little pool, and generally not have to gear up for 10 minutes before venturing out the door. We’ve also been going crazy with lobster season, indulging non-stop on cheap lobster and crab. It doesn’t last long, but for the month that it’s around it’s awesome!

Renos

On the reno front, we’re doing pretty well there. We’ve torn out a lot of the junk kitchen parts and put in newer replacement counters/sinks/faucets. The biggest step in the last few weeks was tearing out the old countertops and replacing them. Originally our plan was to go with butcher’s blocks but cheaped out a bit since it’s not our apartment and just with with straight melamine. It actually looked great which is what swayed our decision. Since I’ve never measured counters before, I obviously did it wrong, and we ended up with counters that didn’t quite fit and I ended up having to do some ad-hoc manual work with a razor and saw to get everything fitting perfectly. I also followed a nice tutorial on youtube to cut the sink hole and even thought this was literally the first time I’ve ever used a jig saw, and the hole was horribly not-straight, the sink fit just fine! Overall I’d say it looks a lot better, but I might be slightly biased πŸ™‚ Still needs some touchups, paint, and I need to watch some youtube videos on installing drain pipes but we’re almost there!

Other stuff

coffee_may2016
Switch to iced-coffee!

We had some absolutely beautiful weather last weekend which inspired us all to take a long lazy day out in the sun. While MrsSLM and the little guy took the subway down to Marche Jean-Talon (the local farmers market), I took the long way and walked with the dog. It was sunny and gorgeous outside so I decided I’d wear a tank top, and avoid my terrible farmer’s tan that I get every year. This turned out to be a horrible mistake, because a short (1 hour) walk to Marche Jean-Talon turned into a picnic over in Parc Jarry, followed by a walk home. Total time estimated at about 6 hours. I was as red as a lobster, and my skin is STILL peeling as of this blog post.

 

Website

Not much has happened on this front. I got the crazy idea in my head that I’d write my own blogging engine on AppEngine and host not only for free, but extremely scaleable and with insanely fast response times. I’m partway through that, but we’ll see if I can finish it this summer, there’s a lot going on. We’re headed to Munich next week for a conference, my parents visit after that, and then the SECOND screaming little man is due shortly after, so we’ve got our hands full πŸ˜€

 

Finances

This is what I bought over the last month, as you can see I loaded up pretty heavily on both renewables and some ETFs for diversification’s sake.

 

Name Symbol Purchase
Transalta Renewables Inc TSE:RNW 68
Brookfield Renewable Partners LP TSE:BEP.UN 266
iShares Core MSCI IMI Index ETF TSE:XEF 384
Enbridge Income Fund Holdings Inc TSE:ENF 116

 

Dividends were SUPER strong this month, purchases from previous months catching up and starting to pay… dividends (badabing!). I was expecting a decent month, but this ended up shattering the previous high watermark of $977.32 for a grand total of $1503.30 for May! This is literally halfway to my goal of about $3000/month, at which point I’ll seriously think about resigning or going part-time at least. In the short term, one thing I’d like to do soon is phase out of my bonds position, maybe entirely? Haven’t fully decided yet but one thing I DO know is that I’m way too young to be holding nearly 20% of my portfolio in bonds. I’d actually be comfortable with 0% in bonds and 100% in equity, but maybe let’s set a mid-term target of only 10% invested in bonds?

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
iShares S&P/TSX Canadian Dividend Aristocrats ETF TSE:CDZ $76.13
Vanguard Canadian Bond ETF TSE:VAB $271.87
Toronto-Dominion Bank TSE:TD $184.25
National Bank of Canada TSE:NA $124.20
Potash Corporation of Saskatchewan Inc TSE:POT $61.85
Inter Pipeline Ltd TSE:IPL $53.30
Emera Inc TSE:EMA $47.50
Enbridge Income Fund Holdings Inc TSE:ENF $17.11
Bank of Montreal TSE:BMO $79.80
Royal Bank of Canada TSE:RY $303.75
Vanguard Canadian High Dividend ETF TSE:VDY $126.57
Total $1503.30

 

Bring on June!

Financial Update – May 2016

21 thoughts on “Financial Update – May 2016

  • June 7, 2016 at 10:50 pm
    Permalink

    Where do ya’ll live? I only ask because my family is from Frankfurt and I saw you mention Berlin πŸ™‚

    Congrats on your second little man and your kitchen reno! I, too, love the look of butcher’s block – but it certainly isn’t cheap! Fun fact: when we bought our house, it came with melamine counters, but the realtor tried to convince us they were granite…

    Take some pictures of the finished product! I’d love to see it!

    Reply
      • June 8, 2016 at 4:15 pm
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        Haha! Yeah Montreal, but we ARE visiting Munich soon. I’ve got a conference there, and MrsSLM and the little man are tagging along to see the city. We’re tacking on a few extra days to explore and enjoy ourselves.

        Oh yeah butcher’s block looks great, I think if it was our kitchen we might not have cheaped out but since this is one of the rental units we decided to go lower cost.

        Pictures coming soon! MrsSLM wants to clean it up a bit first, finish painting, and maybe do some before and afters.

        Reply
  • June 8, 2016 at 2:24 am
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    Er wow, what an update!

    You have killed your dividends this month, that’s a great total and right up there with the top dividend bloggers out there.

    Nice job to you and the Mrs for your DIY work and gardening, you’re saving a lot of money doing all that yourself πŸ™‚

    The blogging engine sounds really cool, I look forward to seeing it, hopefully it does everything you want it to.

    Hahaha getting sunburnt in Canada! You gotta take care of yourself – the sun is dangerous anywhere! Slip slap slop (Aussie phrase) is what you need to be doing with sunscreen. It’s annoying but it’s important to look after your health πŸ™‚

    Tristan

    Reply
    • June 8, 2016 at 4:20 pm
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      Thanks Tristan! I was a bit surprised myself, really happy with our dividend journey so far.

      It’s partially functional now, can create and edit posts, but lacks commenting functionality. Fun to put together, and maybe in the near future it will host this site rather than wordpress. It’s a great opportunity to learn some AppEngine, and as an added bonus I get to code this up in python instead of php.

      Slip slap slop, love that! And yeah we do get sun in Canada occasionally lol! Definitely didn’t apply enough, I usually slap on some SPF 60 but didn’t expect to be out so long and forgot to re-apply. I definitely will remember in the future though, don’t wanna become one of those leathery looking people who’ve had way too much sun πŸ˜€

      Reply
  • June 8, 2016 at 4:26 am
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    Thanks for sharing SLM. It’s nice to see a blog from a fellow Canadian. I hope you keep this blog going and log your adventures with us bud. Hope to see many more posts and congrats on the dividends. You’re rocking it bro.
    Cheers.

    Reply
    • June 8, 2016 at 4:24 pm
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      Hey Hustler, thanks for stopping by! Yeah love finding other Canadians in this community. You’re from Vancouver right? My wife and I lived there for almost 10 years, moved to Montreal a few years ago (with a multi-year pit stop in San Francisco). We lived down in the West End, really miss that city. Sushi there was just redonkulous, so good and so cheap.

      Reply
  • June 9, 2016 at 6:44 am
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    Very solid income from your dividends in May from a nice diverse list of companies too. Happy to see some of the big Canadian banks paying as well. They have come back quite nicely from their lows earlier this year. I’ll continue to hold my three. Thanks for sharing.

    Reply
    • June 9, 2016 at 4:23 pm
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      Ya I was really loving that dip earlier this year. Since I’m still in the accumulation phase, I’d much prefer they all stay at a discount πŸ™‚

      Reply
  • June 10, 2016 at 2:18 am
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    First time site visitor. Thanks for commenting on my blog so I could find you. Now on to your dividends. holy crap! What a great month. Truly inspiring numbers. Keep up the great work.

    Reply
    • June 10, 2016 at 2:19 pm
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      Thanks IH! Yeah, can’t complain about that month at all! You sound like you’re kicking some butt yourself. Gonna check out your options posts, something I’ve taken a keen interest in lately.

      I’ve got a small account set aside for writing calls and doing some more exotic trades, like my UVXY (leveraged VIX for anybody unfamiliar) puts. Haven’t seen these mentioned much anywhere, but Velociraptor.cc has a nice writeup and a similar strategy. I’ll write a post about it at some point!

      Reply
  • June 10, 2016 at 6:30 am
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    awesome dividend income.
    always looking for some inspiring blogs out there.

    think I found one here πŸ™‚

    best regards from austria πŸ™‚

    Reply
    • June 10, 2016 at 2:21 pm
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      Thanks easydividend! If we inspire anybody, that’s awesome! Just need to stay motivated and focused and this will keep growing month after month.

      Reply
  • June 10, 2016 at 5:49 pm
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    Holy Cow buddy, you are doing amazing with $1500/month in dividends. Hat tip to you sir.

    Reply
    • June 10, 2016 at 5:54 pm
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      Much appreciated Team CF! I’m super happy with the outcome as well, now trying to balance the desire for time to go faster so I can see more growth, and for it to pass by more slowly so I can keep enjoying the present! haha

      Reply
  • June 11, 2016 at 5:23 pm
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    Wow, now that is an all inclusive update. $1,500 of dividend income is unreal, congrats on the great month! Love the update on Renos and life as well. Sounds like you made the most out of the nice weather and set you house up for a fun summer. How much did you have to shave the counters? sounds like one heck of a project and I’m glad it worked out in the end for you.

    Keep up the great work, keep the great months rolling!

    Bert

    Reply
    • June 12, 2016 at 4:56 pm
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      Thanks DD! Yeah with summer here, gotta make the most of it, only get a few months of it before fall arrives. We ended up having manually cut the sides a bit, hard to explain and I didn’t take any pictures, but it was about an inch.

      Reply
    • June 13, 2016 at 1:49 am
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      Thanks! And she’s cute but soooo annoying πŸ™‚

      Reply
    • June 28, 2016 at 2:40 am
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      Thanks! Yeah it was a great month, hopefully the first of many.

      Reply

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