apples_apples_apples_apples
I think there’s an apple over there.

 

A Brief History of September

Trying to remember all the things that happened this month, but when you’re sleep deprived it’s hard to recall what happened last weekend, let alone what happened a month ago. My parents trekked up from Toronto to see the new guy.Β At some point one of MrsSLM’s friends invited us apple picking, which was fun and the little man had a blast. We ended up with a giant bag of apples, although none of us really actually like apples all that much. Most of the rest of the month was a blur to be honest.

So far little guy #2 is doing really well, put on a lot of weight quickly. He’s a lot bigger than #1 was at this time, didn’t really fit any of the newborn stuff we had, jumped right to the 3-6 month clothes and diapers. He’s a pretty good sleeper and pretty chill all around, crossing my fingersΒ he stays that way πŸ™‚

Since I’ve got a lot of time on my hands, yet simultaneously don’t really since it’s awkward to actually cash in on, I’ve been watching a lot of TV πŸ˜› Current new favourite show is Mr. Robot. Really makes me wish I knew more about hacking and security. Also looking forward to season 2 of Ash vs Evil Dead!

Also been trying out Canada’s answer to Hulu which is Shomi and CraveTV. Decent lineup of shows, either of them is definitely a nice addition to what’s available on Netflix, kinda too bad Shomi is already shutting down. The app implementations are severely lacking though, both of them have some pretty nasty performance problems, although Shomi kind of takes the cake in terms of pure badness. Both make my tablets run crazy hot too. I’ll probably continue with CraveTV though, has some good shows Netflix is missing like South Park and Battlestar Galactica, along with a tonne of superhero shows like the Flash and Agents of Shield. Shows I like. As my wife puts it, nerdy shows.

 

Goals

Let’s see how things went here:

  1. Survive Baby #2: Surviving, having 2 isn’t just double the work, it’s like, exponential?
  2. 2 Months Leave: Ended up taking 3, so win here.
  3. Forward Dividends $21k: Strong surge forward this month in forward dividends, somewhere in the $20.3k range. I think mostly due to dividend increases although there was some purchases made too.
  4. Back to Boxing: Haha I went maybe… twice? Man makes plans, then baby poops on them, possibly literally.
  5. Half Marathon Training: Went running with MrsSLM once, and I’m usually force to do 45-60 mins of cardio each boxing class.
  6. Flexibility/Rehab: It was going really well for a while, although last week I let things slide and I’m starting to feel some tension returning.
  7. Write Actual Posts:Β Wow, has it been a month already? Next month maybe.

 

Finances

Another great month, if I say so myself. Second highest paying month to date! If you don’t count the special biannual payout from XEC/XEF, we managed to collect over $200 more than the same period back in June. Not too shabby.

This months total came out to: $1,823.61 which I’m really happy with.

We also made a few purchases that I’ve listed here. Go to finish up my position in Exchange Income Corporation, and also added to my position in Emera. A few misc purchases rounded out the month, but nothing really exciting going on there. On the “play money” side of things, although I didn’t make any tables for this, my shares in GSK were called away for a nice profit (+options premium) back in August, and I ended up dabbling with some NYSEARCA:UPRO (3x leveraged SP500 ETF), been selling covered calls against it super deep ITM. Haven’t been burned yet, and collecting roughly 35% yield annualized. Kinda fun, not sure how long I’ll do this for. Last “fun money” play was buying NASDAQ:XIV (VelocityShares Daily Inverse VIX Short Term ETN) for a quick 14% return after a spike in volatility around mid-September. I don’t record the options premium here since the account is more just for playing around and trying out some riskier strategies.

 

Name Symbol Purchase
iShares Core MSCI EAFE IMI Index ETF TSE:XEF 22
Exchange Income Corporation TSE:EIF 132
Transalta Renewables TSE:RNW 141
Emera Inc TSE:EMA 87

 

Great month on the dividend side of things, second highest paying month to date. A lot of big payers this month, especially on the ETF side of things with VXC and HDV. I sold off another batch of vested at work, and I usually use that to buy into my HDV position since the stock is always sold in USD. Still deciding how to deploy it this time. The exchange rate is really favourable right now (as in the CAD is low), so maybe I should be converting this to CAD and just increasing my holdings in Canadian companies. Got a few days to decide since transfers from the US take a little while.

 

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 $79.11
Vanguard Canadian Bond ETF TSE:VAB $253.71
Canadian National Railway Company TSE:CNR $41.25
Brookfield Renewable Partners LP TSE:BEP.UN $137.32
Inter Pipeline Ltd TSE:IPL $53.30
Exchange Income Corporation TSE:EIF $41.54
Enbridge Income Fund Holdings Inc TSE:ENF $56.91
iShares Core High Dividend ETF NYSEARCA:HDV $225.02
Fortis Inc TSE:FTS $109.13
Hydro One TSE:H $99.12
Vanguard Canadian High Dividend ETF TSE:VDY $365.25
Vanguard Global All Cap ex Canada Index ETF TSE:VXC $193.06
Total $1823.61

 

 

Summary

Dividends Collected $1,823.61
Forward Dividends $20,315.87 / year (+$979.25)
Portfolio Value $603,607.58 (+$14,987.42)

 

See the full graph of dividendsΒ month by month onΒ my Income page.

Financial Update – September 2016

46 thoughts on “Financial Update – September 2016

  • October 4, 2016 at 4:34 pm
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    1800 a month is awesome. Keep on bringing in those dividends

    Reply
    • October 4, 2016 at 5:05 pm
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      You can bet on it πŸ˜€

      Reply
  • October 4, 2016 at 6:00 pm
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    Hey πŸ™‚

    Oh WOW!
    600k portfolio-Value. Wish i could be there tomorrow πŸ˜‰ haha πŸ™‚
    if I had such a huge portfolio value my options premium would be very nice, and I never had to work another day in my life.

    1800 euro in dividends is awesome. dividends for me this month: something under 10 € ^^

    keep up the great work!

    Reply
    • October 5, 2016 at 5:27 pm
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      Haha hopefully you’ll be there soon πŸ™‚ How much options premium do you think you could generate off that? I’ve really gotta get better at the options side, still mostly restricting that to my “play money” account.

      Reply
      • October 6, 2016 at 5:38 am
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        I hope so πŸ™‚
        lets say we use a very conservative options strategy. So I think I would be able to make 6000-12.000 every month off that Portfolio.
        But it depends on the amount of free capital and how much is invested in stocks.

        πŸ™‚

        best regards
        Chri

        Reply
        • October 7, 2016 at 6:53 pm
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          Wow I really really need to get better at options πŸ™‚ I would LOVE to be able to generate that much additional income off the portfolio each month, I’d happily retire.

          Reply
  • October 4, 2016 at 10:09 pm
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    Fantastic work. That’s life changing money. I’m sure I’ve asked this before, but I forgot. Do you DRIP or selectively reinvest all of this money? That’s a serious snowball of dividends if you do.

    Reply
    • October 5, 2016 at 5:32 pm
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      Selectively reinvest, usually whatever dividends were paid out get rolled up with transfers from my main bank account and I make a big purchase all together.

      Reply
  • October 4, 2016 at 11:55 pm
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    $1,800 in dividends this month plus you portfolio increasing above $600,000 sounds like an AMAZING month. Plus on top of that spending as much time as you are with your kiddos. Sounds like a great life. I hope to be where you are in a couple of years. Congrats!!!

    Reply
    • October 6, 2016 at 12:51 am
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      If that’s where you’re headed, I hope you’re there soon too and I’ll root for ya every step of the way!

      Reply
    • October 6, 2016 at 12:51 am
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      Oh definitely takes a bite out of our monthly bills πŸ™‚

      Reply
  • October 5, 2016 at 6:50 am
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    A solid month for passive income earned by any measure. Always inspirational to read and see first hand what is possible with consistent investing in solid income producing assets over time. I wonder if any of the tension you are feeling again is due to baby #2 work?

    Reply
    • October 6, 2016 at 12:52 am
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      Thanks DivHut! Not a bad month yourself too. Yeah I think it’s related, but not directly, more just baby #2 monopolizing my time πŸ™‚

      Reply
  • October 5, 2016 at 9:56 am
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    Awesome to hear that your 2nd one is being easy to deal with so far. I hope, for your sake, that he stays that way πŸ™‚

    It’s a similar TV setup in Australia – there’s so many different offerings, but none of them have everything! So we have to pay a fair bit if we want a bit of everything.

    And financially? Wow! What a great month. Congrats on one of your best month ever and the really big numbers πŸ™‚ You’re doing wonderful things.

    Tristan

    Reply
    • October 6, 2016 at 12:53 am
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      Haha yeah, I’ll have to settle on just 1 though, paying for several is getting close to the same cost as cable πŸ˜›

      Reply
  • October 5, 2016 at 5:26 pm
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    Congrats on the increase in dividends! You are where I aim to be someday with building my portfolio. I really appreciate you breaking down all the numbers. Can’t wait to see what October has in store for you and your family!

    Reply
    • October 6, 2016 at 12:55 am
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      Np, thanks Piggybanknomics! October’s dividend harvest is traditionally super low for us, but we’ll see. How was your month?

      Reply
  • October 6, 2016 at 12:02 am
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    That’s good that the 2nd one is easier so far. That’s our experience as well. But things do change quickly. πŸ˜‰

    Over $1,800 in dividend income is pretty amazing. Congrats.

    Reply
    • October 6, 2016 at 12:56 am
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      Yeah he’s definitely more chill, he even kinda likes/tolerates me! πŸ˜€ (first little man is a total mamma’s boy).

      Reply
  • October 6, 2016 at 2:57 am
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    20k in possible annualized dividends is fantastic, keep up the great work! Baby #2 sure will feel like a lot (I’m sure I was a lot of work for my parents when I was born) but it will all be worth it in the end. Parenting is the most rewarding thing you can do, right? πŸ™‚

    Reply
    • October 7, 2016 at 6:50 pm
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      Thanks! Yeah it’s definitely rewarding to watch them grow up, those first few months though, they can be brutal πŸ™‚

      Reply
  • October 7, 2016 at 6:31 am
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    Darn, that is some serious dividend income Mr and Mrs SLM. Good for you!
    Good luck with baby 2.0, vividly remember our little girl at that age. It can be tough, can’t imagine how it is with two of those!

    Reply
    • October 7, 2016 at 6:51 pm
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      Thanks TeamCF! How old are yours now?

      Reply
  • October 7, 2016 at 3:25 pm
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    Nice dividends that you have going!

    On the kids side: Survive Baby #2: Surviving, having 2 isn’t just double the work, it’s like, exponential? –> from my experience, it is exponential and in both ways… It can go up and down. Sometimes it feels like 0 when they play together

    Reply
    • October 7, 2016 at 6:52 pm
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      Thanks Amber Tree! Oh yeah definitely looking forward to in a year or two’s time when they’re old enough to hang out together.

      Reply
  • October 7, 2016 at 7:18 pm
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    Wow you are crushing it! I like the portfolio and the 3 months off. I need that in my life πŸ™‚ Keep up the good work.

    Reply
    • October 8, 2016 at 12:58 am
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      Thanks Mr Defined Sight! 3 months off is pretty great, glad Canada has those kind of benefits to offer to parents.

      Reply
  • October 8, 2016 at 3:07 pm
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    Absolutely incredible MrSLM! $1.8K in dividends.. Whewww. People work full time for that type of monthly income. Great stuff man, sending out my deepest blessings to you, your family & your newest addition! All the best.

    Reply
    • October 10, 2016 at 4:53 pm
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      Thanks MillionaireOrMediocre, yeah definitely a lot of money and I don’t take it for granted. Long road here, but worth it. Hope October brings good things for ya!

      Reply
    • October 10, 2016 at 4:54 pm
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      Thanks, will do πŸ™‚

      Reply
  • October 9, 2016 at 3:45 pm
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    Nothing more I need to say other than GREAT FREAKING MONTH! Just went apple pick as well with my niece and nephew and had a blast. Love the fall season and all the great fall foods that come along with it!

    Bert

    Reply
    • October 10, 2016 at 4:55 pm
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      Thanks Bert! Oh ya fall is my favourite season πŸ™‚ Look forward to all the “pumpkin” stuff rolling out, Halloween and horror movies, cider, etc.. etc.. love it all.

      Reply
  • October 10, 2016 at 4:37 am
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    Keep it up bro. You’re killing it. Every month, it’s a blessing receiving this income. Don’t stop and congrats SLM’s.
    Enjoy the little munchkins. Cheers buds.

    Reply
    • October 10, 2016 at 4:57 pm
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      Thanks Hustler! You too, enjoy the new condo and I look forward to watching you rebuild your portfolio.

      Reply
  • October 11, 2016 at 11:10 am
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    Very impressive month and year. Congrats ! Nice to see fellow dividend investors doing so well. I am pretty far behind you but I am making progress. Keep up the good fight.

    -Brian

    Reply
    • October 11, 2016 at 4:04 pm
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      Thanks Brian! You look like you’re doing great yourself, $755 is fantastic.

      Reply
  • October 13, 2016 at 9:05 pm
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    Wow! strong dividends and Portfolio. I really like that fact that you have many index fund, many of them are low cost index funds.

    Wow, it was cool that you can take 3 months off for welcoming baby #2. In the State, it’s rare for men to get to take beyond the 2 weeks. That’s why I’m going to save as much as possible, so when the baby come, Mr.W is also around to help out and take turn at night for feedings. *Cross finger

    Reply
    • October 18, 2016 at 5:36 pm
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      Thanks Vivianne! Yeah have a few index funds, will increase my positions in them over time to increase my US/International exposure.

      Yeah Canada is really generous in that respect, giving couples a year off between them. Can’t imagine going back only 2 weeks after the birth!

      Reply
  • October 26, 2016 at 4:31 am
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    Congratulations on the excellent September and on baby #2 being a good sleeper. The latter is a blessing worth it’s weight in gold.

    Reply
    • October 26, 2016 at 3:38 pm
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      Haha too true, very thankful the 2nd little guy sleeps like a rock.

      Reply
    • October 26, 2016 at 3:57 pm
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      Thanks Monsieur Dividende, congrats on a great month yourself! And try to enjoy the weather before it gets cold πŸ™‚

      Reply
  • November 12, 2016 at 1:41 pm
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    Hey SLM! Fellow montrealer, i got inspired by all the FI blogs i have been reading for a year or two so I recently started my own! Most of them are in the US, love to see that there are people around us in Montreal aiming for the same goal. You are a couple years and a couple hundred thousands ahead, so I will keep up to date with your progress and shamelessly use you as inspiration to keep going πŸ™‚
    Cheers!

    Reply
    • November 12, 2016 at 8:44 pm
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      Hi PFSurfers! Great to hear from a fellow Montrealer, glad to have you part of the community πŸ™‚ Definitely gonna go bookmark your blog. There’s a few other Montrealers kicking around too, ledividende.com and monsieurdividende.com come to mind, as well as a bunch of Vancouver/Toronto blogs. I feel like Montreal is a great city to FIRE in comparatively though, real estate is so much more affordable, and great culture and attitude all around.

      Reply

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