img_20151101_105130
Estimated cost: < $1

October

Went to Toronto, we’ve taken both train and plane, figured driving was worth a try. Train the problem is you’re locked in a cabin for 5-6 hours with a toddler that you’ve gotta keep entertained the entire ride. It’s exhausting, and I remember the last time we took the train out I actually feared the ride back. As we were packing and getting ready to go, I was having flashbacks of the ride out and all the bouncing up and down the isles, the hurried rushes to the bathroom, and the desperate silent pleas to just be happy reading this book or looking out the window. After that, we decided to fly. There’s an awesome airline between Montreal and Toronto called Air Porter, amazing service, even serves beer on the flight (I’m sold). The great thing about a flight is that there’s a hard limit on the length of time you’re in the cabin. But now we’re packing for 2 kids, which means 2 strollers, 2 giant piles of clothes/diapers/toys, and a couple changes of t-shirt for us. I’m not hauling that through an airport.

So drive it was! We rented a comfortable SUV and drove down, decided that leaving super SUPER early was the best option as we’d get a few hours of peaceful driving out of the way before #1 woke up. Mostly worked, managed to get about 60% of the way there in total peace.

Toronto trip was great, was there for 2 reasons. First was to show off the 2nd screaming little man to relatives on my side. Might need to think of a new name for him, since he’s actually a super chill little guy, rarely gets too fussy, is kinda cool with whatever. Nothing like this brother. Second major reason for being in TO was so MrsSLM could run a half marathon. She’s a bit crazy and wanted something to work towards after giving birth, so we kinda agreed she could do this on the condition she only trained to “finish” it and not to try to beat her personal best.

 

Goals

Let’s see how things went here:

  1. Survive Baby #2: Done.
  2. 2 Months Leave: Done.
  3. Forward Dividends $21k: WOOO, just squeaked by this goal with my HDV purchase. Still have nearly 2 months to go, maybe $22k?
  4. Back to Boxing: Sick, then Toronto, then really sick again. Whatever random daycare plague I caught this time is brutal.
  5. Half Marathon Training: Nothing happened here, although MrsSLM did run one in Toronto.
  6. Flexibility/Rehab: No problems here lately.
  7. Write Actual Posts: Got off my ass and finally wrote one!

 

Finances

Unfortunately the Jan/Apr/July/Oct months are pretty low for us (relatively speaking) and so this month was destined to underwhelm.

This months total came out to: $1,045.38 nice bump up from July which makes me happy, although part of that is because TD landed in our accounts in Oct instead of Nov.

We made a few purchases. Had some cash building up in my TFSA that go reinvested in CUF.UN. My transfer from the US cleared and I was able to buy a fairly large position in HDV. Finally, I sold off my extremely small position in POT and just added the proceeds to NA.

Things are going really well in my play money options account, so far I seem to be doubling the return of the S&P 500 (9 months, not exactly time to start my own hedge fund) with my speculative plays on UVXY, UPRO, and covered calls strategy. My UPRO call from September expired worthless and I sold another Nov (roughly $260), we’ll see how that goes. Kinda wondering how this election in Nov will affect the market, keeping some money aside to look for any spikes in volatility that I can trade against via XIV.

 

Name Symbol Purchase
iShares Core High Dividend ETF NYSEARCA:HDV 196
Cominar Real Estate Investment Trust TSE:CUF.UN 34

 

Great month on the forward dividend side of things, since I was able to put that nearly $16k USD to use buying some shares of HDV. That was enough to push us over our $21k goal for the year. We also sold off the rest of MrsSLM’s bond positions, some of it went to her cash account to pay off some house stuff, the rest was divided between VDY (Vanguard Canadian High Dividend ETF) and VXC (Vanguard Global All Cap ex Canada Index ETF). The really interesting thing for November will be that we’ve finally moved the last RRSP account under our direct investing accounts, so I’ll be including that in our portfolio totals and forward dividends, hurray! That’ll be a large (although somewhat artificial) boost to both portfolio size and dividend income. I’m also back to work shortly, which means I’ll be getting paid regularly again and purchasing at full strength will commence.

 

 

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 $6.74
iShares S&P/TSX Canadian Dividend Aristocrats ETF TSE:CDZ $80.81
Bank of Nova Scotia TSE:BNS $123.80
BCE Inc. TSE:BCE $136.50
Toronto-Dominion Bank TSE:TD $184.25
Inter Pipeline Ltd TSE:IPL $53.80
Exchange Income Corporation TSE:EIF $63.65
Enbridge Income Fund Holdings Inc TSE:ENF $56.91
The Coca-Cola Co NYSE:KO $34.65
Total $1043.38

 

 

Summary

Dividends Collected $1,043.38
Forward Dividends $21,029.88 / year (+$714.01)
Portfolio Value $610,852.27 (+$7,244.69)

 

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

Financial Update – October 2016

23 thoughts on “Financial Update – October 2016

  • November 2, 2016 at 6:08 am
    Permalink

    Random daycare plagues…oh, these are the worst. Had one of them a couple weeks back, not funny at all!
    Nice month overall, glad to read you enjoyed the trip. Awesome income by the way, even for a quite month. Take care!

    Reply
    • November 3, 2016 at 1:45 am
      Permalink

      Yeah getting sick is pretty common now, I almost expect it. But every once in a while he brings back something extra special.

      It was a great trip, always fun hitting the road for a bit!

      Reply
  • November 2, 2016 at 9:33 pm
    Permalink

    Glad to hear that you had a good trip! I hope we can visit Toronto too one day, but it won’t be for a few years yet.

    Looks like you had a great month, $1k as a slow month is pretty awesome if you ask me.

    Tristan

    Reply
    • November 3, 2016 at 1:48 am
      Permalink

      Yeah it was a great trip, don’t get down there as often as I should. Even though I grew up in Toronto and spent the majority of my life there, it’s been changing so quickly in recent years that it feels unfamiliar to me. My brothers still live there, so if you visit just give me a heads up and I can get them to compile a site-seeing/restaurant list.

      Reply
  • November 2, 2016 at 10:41 pm
    Permalink

    $1k is a slow month? Damn.

    I feel you and the fear of enclosed spaces with a toddler. We have done an over 24 hour journey (flight time plus transit time) with Toddler BITA (from the U.S. to Botswana) when she was ~17 months old. We survived, but thinking back on how much work that was still makes me shudder.

    Reply
    • November 3, 2016 at 1:51 am
      Permalink

      Haha poor choice of words maybe? I guess you get used to the numbers and always want them to go up 🙂

      At this point there are few things that I dread doing, but flying with a toddler definitely ranks up there. We did Montreal -> Munich back in June which was difficult. Can’t even imagine a 24 hour journey. Don’t want to imagine it.

      Reply
  • November 3, 2016 at 2:09 am
    Permalink

    I’ve never visited Toronto but I definitely want to get out there soon. Hopefully I can convince my wife to let us go this Spring. My one year old does not travel well so she’s a bit hesitant to take him anywhere. But it’s only a two hour flight for us so maybe he’ll calm down and we can do it.

    BTW…awesome month for you outside the sickness!!!!

    Reply
    • November 12, 2016 at 8:29 pm
      Permalink

      2 hours is pretty doable 🙂

      Reply
  • November 3, 2016 at 6:30 am
    Permalink

    hey 🙂

    In february I was in Cuba, at the flight back we stoppt in Toronto. I like it, its a nice city and everyone is a hockey freak 😉 we visted the hockey hall of fame. awesome day 🙂

    1k in dividends is a nice number for a slow month!
    I am very happy for you starting out at trading options! keep it up!
    I really enjoyed your last article, even if I didnt find the time to comment. Would be nice if you could write more. I like your writing style.

    best regards
    Chri

    Reply
    • November 12, 2016 at 8:30 pm
      Permalink

      Haha yeah, sometimes I feel like a bad Canadian for not really liking hockey.

      Reply
  • November 5, 2016 at 8:04 pm
    Permalink

    Ha, looks like a lot of us are having ‘slow’ months 😉
    Congrats on getting the numbers up again, really nice overall growth. Imagine what november will bring if you have filled in on your RRSP account.

    Reply
    • November 12, 2016 at 8:31 pm
      Permalink

      Oh yeah I can’t wait to see the extra boost the rrsp transfer adds. It’s not technically “new” money since it was already there, just untracked since it was still in another account.

      Reply
  • November 5, 2016 at 11:14 pm
    Permalink

    Wow $21k and going on $22k in forward dividend is great! That can replace 1/2 or a full pay of somebody working a regular job. I guess I could cash a small amount in my portfolio and buy another property to rent, I could get to this level. But I want to keep my emergency fund for now.

    Reply
    • November 12, 2016 at 8:33 pm
      Permalink

      Yeah I’m very happy with how things are going so far. As you said, for many people this is half or even their full pay, which I’m now getting as passive income, can’t complain about that! Hopefully in the next couple years this can double and you’ll see my retirement post 🙂

      Reply
  • November 6, 2016 at 4:33 am
    Permalink

    A very healthy sum of passive income for the month. Congrats. Looks like the Toronto trip was fun. It’s been a whole since I was there but I remember a very good time and nice city to explore. I was near Dufferin. Summer was perfect too. Not hot, not cold. Thanks for sharing.

    Reply
    • November 12, 2016 at 8:35 pm
      Permalink

      Thanks Divhut! Yeah going to Toronto is always fun, great city, lots to see there. I guess you got lucky on your summer visit, it can be incredibly hot and humid during the summer months.

      Reply
  • November 6, 2016 at 4:38 am
    Permalink

    $22K in forward dividends is super awesome. I will reach appx $9000 per annum in passive (dividend) income and I know how hard it is to do it. So, totally impressed with $22K pa.

    I need to think of using other-peoples-money now i.e. get some leveraged investments and boost up my passive income as well as diversify it. Will read up your experiences and learn from you!

    Reply
    • November 12, 2016 at 8:36 pm
      Permalink

      Beyond real-estate, I haven’t actually done much in the way of leveraged investments. There’s my dabbling in UPRO and UVXY but that’s a miniscule portion of my portfolio. Might have to check out any posts you make on the subject 🙂

      Reply
  • November 7, 2016 at 9:48 pm
    Permalink

    Great job on the month. I can relate to the daycare illnesses that go around. Trying to get over one at the moment myself. I think you made a good decision on driving. That is our preferred method with a little one.

    Reply
    • November 12, 2016 at 8:38 pm
      Permalink

      Ha yeah, in fact since I wrote that original post I recovered and subsequently got sick again.

      Reply
  • November 7, 2016 at 11:24 pm
    Permalink

    I grew up across the lake from you near Niagara Falls! Great decision driving and getting up and leaving early and congrats to the Mrs. on the 1/2 marathon. My husband did the marathon where you run across the bridge from the US into Canada a few years ago. A great month for your finances too!

    Reply
    • November 12, 2016 at 8:40 pm
      Permalink

      Thanks Vicki! Never been to Niagara Falls, seems like one of those places I really should visit. Maybe once the 2 little guys are a bit older we can drive down to see them. Never heard of that marathon but it sounds fun! I’ll tell MrsSLM about it, she’s the runner. I only run to keep up this “health” stuff.

      Reply
  • November 12, 2016 at 10:27 pm
    Permalink

    Hey hope you had a good time in Canada. Nice dividends you got this month, seem like you’re doing really good. Keep up the good work.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *