Net Worth Update - March 26 2022

 Today is March 26, 2022. Although passive income through dividends and option premiums is my focus when it comes to investing, I decide to do a post about my current net worth.

What is net worth? Simply put, net worth is calculated by adding up all assets and subtracting the total of all liabilities. Net worth is sometimes referred to as shareholder's equity. Assets and liabilities are part of the balance sheet.

Assets

Savings

The savings section is currently into 3 segments. The 3 parts are a "high" interest savings account, savings account, and an "investment" savings account.

The TFSA savings account was with Tangerine. I was frustrated with getting such a low interest rate with Tangerine. I took the money out and placed it in non-registered high interest rate savings account with EQ Bank. Unfortunately, the account did not disappear as interest was earned in the TFSA with Tangerine for the month I transferred the balance. The balance is $0.18. With a value this low, I do not even earn interest as the balance so low.  

On March 26, 2022, the value of the savings account with EQ Bank is $203.27. As of the time of this writing, the interest rate for EQ Bank is currently sitting at 1.25%. 

The stock and ETF investment involves a stock and an ETF that I hold within my margin account. I keep the dividends and distributions received separate from the dividends I post in my dividend income updates.

There has been no new purchases in this account since last published update on December 25, 2021.

 I own 78 units of Bank of Montreal's  Canadian High Dividend Covered Call ETF (ZWC.TO).  I received a total of $125.94 in total distributions as of March 26, 2022.

I own 41 units of Transalta Renewables (ticker symbol  RNW.TO).  Transalta Renewables pays a monthly dividend of $0.07833 per share.  I  received a total of $19.26 in total dividends as of March 26, 2022.

On March 26, 2022 , the current value of this "stock / ETF account" is $2255.60.  I have earned a total of $234.61 in total dividends/distributions in this account. 

Overall, the savings total is $2459.05. 

Non-registered Accounts

The non-registered accounts consist of a margin account and 2 stocks held directly with the transfer agents. The margin account is with Questrade. The total value is $123086.33 as of March 26, 2022. This is an increase of 10.65% since the last published net worth post.


TFSA Investing Account

The TFSA investing account balance is $63660.36 as of March 26, 2022. This account is with Questrade. This is an increase of 3.489% since the last published net worth post.

Trading Account

The trading account is with Questrade. There is an active trade on in this account as of the time of this writing. As of March 26, 2022, the value of this account is $4670.08.

RRSP

I have transferred my RRSP from Tangerine to Questrade in April 2020. While at Tangerine, the RRSP was in the form of a "high" interest savings account. Now at Questrade, I decided to put the money to work.

As of March 26, 2022, I own 121 shares of CP Rail (Ticker Symbol  CP.TO) , 95 units of XAW, and 49 shares of Alimentation Couche-Tard  (ATD.B.TO).   I sell covered calls on the CP Rail position.  As of March 26,  there is an active covered call option trade on CP Rail.  

The value of this account as of March 26, 2022 is $17621.15 . This is an increase of 5.73% from December 25, 2021.

Summary of Assets

Total Savings : $2459.05
Non-Registered accounts : $123086.33
TFSA Investing : $63660.36
Trading Account: $4670.08
RRSP Savings Account: $17621.15

Total Assets = $211496.97  (increase of 7.29% from 3 months ago)

Liabilities

The balance on my line of credit is $164.36. 

Summary of Liabilities

Credit Line = $164.36

Total Liabilities = $164.36 

Conclusion

On March 26, 2022, my net worth is $211332.61 . This is a increase of $15293.45, or 7.80%, from 3 months ago.


The market continues to go up and down. During the last 3 months we have seen the Truckers For Freedom protest across Canada, Russian invasion of Ukraine, and more and more protests over vaccine mandates.  

Click to Enlarge

To read the sixth net worth update. click here.

To read the seventh net worth update, click here. 

To read the eighth net worth update, click here.  

To read the ninth net worth update, click here.

Disclosure: - Long all aforementioned stocks
  

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.

Dividend Income From Some Canadian Bloggers - February 2022

 During the past several months we have seen massive increase in inflation.  The relaxing of COVID19 restrictions across the world mean the need for more food for restaurants and products to buy at stores.  There continues to be a backlog of container ships at ports.

The price of oil has steadily climbed high and higher.  In late February, Russia invaded Ukraine.  The price of oil shot way up along with the price of gasoline.  In Canada, some places are nearing $2.00 / litre.  Lower mainland British Columbia passed the $2.00 / litre for gasoline.

With Russia still invading Ukraine, countries across the world have brought sanctions against Russia.  

Back here in Canada, there still protests over vaccine mandates.  In fact, I saw one today in downtown Edmonton.  

Let's get to the list of dividend income from some Canadian bloggers for February 2022.  Of course, I first want to mention my own dividend income report.

All About The Dividends received $593.32 in dividend income and added over $15.71 in forward dividend income via DRIPs.  Their is also mention of the purchases that were made during February 2022. 

Passive Canadian Income received $882.75 in total passive income in February 2022.  The amount of dividend income received was $343.13.  

Reverse The Crush received $76.33 in dividend income in February 2022.  This is a 84% YoY increase.  

Our Life Financial received $1879.78 in total dividend income and 26.11% increase YoY.  Also in the post, Our Life Financial mentions her new purchases during the month of February 2022.      

Moneymaaster received $677.14 in dividend income and dripped 28 new shares/units to boost his future dividend income. 

My Own Advisor and Gen Y Money shared their individual dividend income updates with the world.  Although their actual amount of dividend income received in February 2022 is not mentioned, there is some great information in their respective posts.    

Fire We Go, via a You Tube video, received $1566.52 in dividend income for the month of February 2022.  

Conclusion:

We all started with $0.00 of passive income and have grown our investments over time. Each "BUY" transaction can provide ongoing dividend income which may also be increased over time.

In Canada and the United States, many brokerage accounts offer commission free trades and/or commission free ETFs. You can get started on your investing journey with very little money.

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.

Dividend Income Update - February 2022

  

The month of February 2022 is another month of dividend income landing in my accounts.

Due to becoming debt free, I changed my pay myself model. Starting the beginning of August 2021. I am paying myself 30%, just like before. This will now consist of 24% to investing, and 6% to savings. The investment portion is going to my TFSA. Any money left over at the end of the month, I put towards investing on top of the money allocated from paying myself first. Hopefully, I can keep this up!

Note: All the dividends and totals below are in Canadian Dollars

I received a total of $334.95 in dividend income for the month of February 2022. This represents a 12.9% increase from 3 months ago and 17.32% increase year over year.

I received dividend / distribution income from 9 different companies.

I received $0.00 in option premiums within my investment accounts in February 2022.

Below is a visual of my dividend totals for the last 5 years.

Click To Enlarge

Most of my dividend income comes from my margin account.

Click To Enlarge

Next, I will show the percentage of total income for each position.

Click To Enlarge

I will update my dividend income tab with the new amount. I will include my option premium income also. It is great to see money from passive income sources deposited into my brokerage account every single month.

Note: Any activity in my RRSP account is not included in these totals.

How was your dividend income for February 2022?

Disclosure : Long all mentioned securities

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.

Portfolio Update - February 2022

The month of February 2022 is now behind us.

The truckers for freedom protest was a major story event in Canada.  In fact, the federal government invoked the Emergencies Act over the protest.  The organizers of the protest were placed under arrest.

Covid19 restrictions are causing countries to become divided.  As the restrictions are becoming more relaxed, some people have anxiety of feeling safe when they are at work or out in public.

During the last 2 weeks, Russia invaded Ukraine.  The last thing the world needs right now is another war.  Russia is a major energy producer.  Many countries around the world put in sanctions against Russia.  This has caused the price per liter of gas to rise.  The price per liter of gas in Vancouver, British Columbia passed the $2.00 per liter price this week.      

Portfolio Activity

Margin Account Activity

There was no activity in this account since the last portfolio update.  All the dividends remained in the account. 

TFSA Activity

Cash was added to the account. All the dividends remained in the account.  On March 4,  the sale of Cominar REIT for $11.75 per unit was finalized.  I owned 228 units of Cominar REIT at the time of this de-listing.  I will have to put this money to work.  

Shares Purchased Via DRIP

1 unit  of BPF.UN.TO @ $16.2821 for a total cost of $16.28 (TFSA)

Boston Pizza Royalties Income Fund pays a distribution of $0.085 per unit monthly, or $1.02 per unit annually.  This drip adds $1.02 CAD  to my annual dividend income.  The yield on cost for this DRIP is 6.27%.

I have some other positions with the DRIP turned on, but might not have enough of a dividend to purchase a whole share. 

My Enbridge position directly with the transfer agent is set up to DRIP.  Around November 2018, Enbridge stopped their DRIP program.  If Enbridge decides to start a DRIP, then my shares will start to DRIP again automatically.  

Please note that if some brokerages DRIP shares when there is no DRIP program by the actual company. This DRIP is when the brokerage buys the shares directly off the public market stock exchanges. 

Dividend Increases

On February 15,  Restaurant Brands International (QSR.TO)  increased their dividend from $0.53 to $0.54 USD per share quarterly, or from $2.12 to $2.16 USD per share annually.  This is an increase of 1.89%.   

I own 100 shares of Restaurant Brands International at the time of the increase.  This increase adds $4.00 USD to my annual dividend income.  The Canadian dollar equivalent at the time of this writing is $5.09.

Dividend Decreases

There was no dividend decreases in February 2022. 

Summary: 

As of March 4, 2022 , the total value of the portfolio is $182386.05 . This is a 2.14% increase over last month's total. 

The portfolio is estimated to produce an estimated $6455.59 in dividend income over the next 12 months. This is an decrease of $77.31  CAD , or 1.183%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars. 

The decrease in dividend income can mostly due to the sale by unit holders of Cominar REIT for an all cash sale of Cominar units for $11.75 per unit.  At the time of the merger annoucement, Cominar REIT was paying a monthly dividend of $0.03 per unit.  I owned 228 units at that time.  The amount of annual dividend / distribution income lost was $82.08 CAD. 

  

Please Note: Positions in Restaurant Brands International (QSR.TO) , Intertape Polymer Group (ITP.TO), Brookfield Renewables Corporation (BEPC.TO), and Algonquin Power and Utilities (AQN.TO)  pay dividends in US dollars. Brookfield Renewables Partners (BEP.UN) pays distributions in US dollars. My investment tab spreadsheet displays the Canadian dollar equivalent within 15 to 20 minutes of real time. 

Note: Dividend increases or decreases announced in December 2021 will be mentioned in next portfolio update.  The spreadsheet will be updated to reflect any corresponding increases or decreases at that time. 

Disclosure: Long aforementioned stocks

               
DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice. Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.