Net Worth Update - March 25 2023

Today is March 25, 2023. 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 25, 2023, the value of the savings account with EQ Bank is $2596.04.  As of the time of this writing, the interest rate for EQ Bank is currently sitting at 2.50%. 

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 were no new purchases in this account since last published update on December 24, 2022.

I own 100 units of Bank of Montreal's  Canadian High Dividend Covered Call ETF (ZWC.TO).  I received a total of $239.64 in total distributions as of March 24, 2023.

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 $57.78 in total dividends as of March 25, 2023.

On March 25, 2023 , the current value of this "stock / ETF account" is $2822.02.  I have earned a total of $386.83 in total dividends/distributions in this account. 

Overall, the savings total is $5418.24 . 

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 $113438.34 as of March 25, 2023. This is an decrease of 2.49% since the last published net worth post.


TFSA Investing Account

The TFSA investing account balance is $70742.89 as of March 25, 2023. This account is with Questrade. This is an increase of 9.72% 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 25, the value of this account is $5014.25.

RRSP

As of March 25, 2023, I own 21 shares of CP Rail (Ticker Symbol  CP.TO) , 119 units of XAW, 49 shares of Alimentation Couche-Tard  (ATD.B.TO), and 200 shares of Emera Inc (EMA.TO).  The 200 shares of Emera were purchased during the last 3 months.

I sold covered calls on the Emera Inc Position.

The value of this account as of March 25, 2023 is $20444.62. This is an increase of 3.80% from December 24, 2022.

Summary of Assets

Total Savings : $5418.24
Non-Registered accounts : $113438.34
TFSA Investing : $70742.89
Trading Account: $5014.25
RRSP Savings Account: $20444.62

Total Assets = $215058.34  (increase of 2.39% from 3 months ago)

Liabilities

The balance on my line of credit is $0.00. 

The owe $193.21 CAD in my margin account.  The margin is in the Canadian dollar account within my margin account in Questrade.  The USD account in Questrade has a positive cash balance.

Summary of Liabilities

Credit Line = $0.00

Margin = $193.21

Total Liabilities = $193.21

Conclusion

On March 25, 2023, my net worth is $214865.13 . This is an increase of $6010.87, or 2.88%, from 3 months ago.

The market continues to go up and down. During the last 3 months, we have seen the rise of inflation and the fears of a recession continue to take hold. 

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To read the tenth net worth update, click here. 

To read the eleventh net worth update, click here. 

To read the twelfth net worth update, click here.  

To read the thirteen 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 Update - February 2023

 

The month of February 2023 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!

Update on paying myself first. At the start of August 2022, I now pay myself 35%.  This will consist of 25% to investing and 10% to savings. 

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

I received a total of $364.71 in dividend income for the month of February 2023. This represents a 2.13% increase from 3 months ago and 8.88% increase year over year.

I received dividend / distribution income from 8 different companies.

I received $0.00 in option premiums within my investment accounts in February 2023.

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

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Most of my dividend income comes from my margin account.

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

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In the first two months of 2022, I received $1085.35 in dividends. In the first  two months of 2023, I received $1275.28 in dividends. This is an increase of 17.50% YTD in 2023 over the same period of 2022.

The graph below shows my total dividend income, as per the blog, since 2012. 

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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 2023?

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 2023

The month of February 2023 is now behind us.

Inflation is still affecting the peoples lives.  The supply chain is still be massively effected from shipping issues all around world.  The means there is less supply, which causes prices to rise.

Prices at grocery stores are slowly going up and up.  Due to rise in prices, more and more people are purchasing the store brand or generic brand.  This decreases the supply of these products, which in turn causes price increases.

The interest rates have remained steady in February 2023.  With all the previous interest rate hikes, the effects on slowing the economy will take some time.  The cost of borrowing has drastically increased the cost of living for people who have debt.  Also, the higher interest rate will affect people who renew their mortgages or getting a new mortgage.

The Rogers Communications take over of  Shaw Communications is one step closer to be done.  The company's deadline was February 17.  That day came and gone. The federal government keeps stalling on this merger for various reasons. 

Portfolio Activity

Margin Account Activity

There was no activity in the account during the month of February 2023.   

TFSA Activity

There was no activity in the account during the month of February 2023.  I am currently adding money to this account through paying myself first. 

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $16.35 for a total cost of $16.35 (TFSA)

1 unit of KMP.UN @ $18.24 for a total cost of $18.24 (TFSA)

1 share of EMA.TO @ $54.09287 for a total cost of $54.09 (Margin)

1 share of FTS.TO @ $54.03188 for a total cost of $54.03 (Margin)

Boston Pizza Royalties Income Fund (BPF.UN.TO) pays a distribution of $0.102 per unit monthly, or $1.224 per unit annually.   This drip adds $1.22 CAD to my annual dividend income.  The yield on cost for this DRIP is 7.49%.

Killam Properties REIT pays a distribution of $.058333 per unit monthly, or $0.70 per unit annually. This drip adds $0.70 CAD to my annual dividend income.  The yield on cost for this drip is 3.84%.

Emera Inc. (EMA.TO)  pays dividend of $0.69 CAD per share quarterly, or $2.76 CAD per share annually.  This drip adds $2.76 CAD to my annual dividend income.  The yield on cost for this DRIP is 5.10%.

Fortis Inc. (FTS.TO)  pays dividend of $0.565 CAD per share quarterly, or $2.26 CAD per share annually.  This drip adds $2.26 CAD to my annual dividend income.  The yield on cost for this DRIP is 4.19%.

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.  

Dividend Increases

On February 2, Bell Canada Enterprises (BCE.TO) increased their dividend from $0.92 CAD to $0.9675 CAD quarterly, or from $3.68 CAD to $3.87 CAD per share annually.  This is an increase of 5.16%.  

At the time of the press release, I own 100 shares of Bell Canada Enterprises.  This increase adds $19.00 to my annual dividend income.

On February 5, Brookfield Renewable Partners LP (BEP.UN) and Brookfield Renewable Partners (BEPC.TO) increased their dividend from $0.32 USD to $0.3375 USD quarterly, from $1.28 USD to $1.35 USD per share annually.  This is an increase of 5.47%.

At the time of the press release, I own 136 units of BEP.UN.  This increase adds 

$16.32 USD to my annual dividend income.  At the time of this writing, this is equivalent to $22.23 in Canadian dollars.

I own 12 shares of Brookfield Renewable Corporation.  This increases adds $1.44 USD to my annual dividend income.  At the time of this writing, this is equivalent  to $1.96 in Canadian Dollars. 

On February 15, Manulife Financial Corporation (MFC.TO) increased their dividend from $0.33 CAD to $0.365 CAD quarterly, or from $1.32 CAD to $1.46 CAD per share annually.  This is an increase of 5.16%.  

At the time of the press release, I own 128 shares of Manulife Financial Corporation.  This increase adds $17.92 to my annual dividend income.

Dividend Decreases

There were no dividend decreases in February 2023. 

Summary: 

As of March 4, 2022, the total value of the portfolio is $193915.18 . This is a 0.384% decrease over last month's total.  

The portfolio is estimated to produce an estimated $7860.32 CAD in dividend income over the next 12 months. This is a  increase of $85.87CAD , or 1.104%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Please Note: Positions in Enerplus Corporation (ERF.TO), 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. 

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.