Net Worth Update - June 25 2023

 Today is June 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 June 25, 2023, the value of the savings account with EQ Bank is $4089.82.  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.

On June 6, I purchased 42 additional shares of Transalta Renewables at $11.70 for a total cost of $496.50 including commissions.

I own 100 units of Bank of Montreal's  Canadian High Dividend Covered Call ETF (ZWC.TO).  I received a total of $261.64 in total distributions as of June 25, 2023.

I own 83 units of Transalta Renewables (ticker symbol  RNW.TO).  Transalta Renewables pays a monthly dividend of $0.07833 per share.  I received a total of $64.20 in total dividends as of June 25, 2023.

On June 25, 2023 , the current value of this "stock / ETF account" is $2895.34.  I have earned a total of $415.25 in total dividends/distributions in this account. 

Overall, the savings total is $6985.34 . 

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 $116005.87 as of June 25, 2023. This is an increase of 2.27% since the last published net worth post.


TFSA Investing Account

The TFSA investing account balance is $75547.39 as of June 25, 2023. This account is with Questrade. This is an increase of 6.79% 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 June 25, the value of this account is $5123.59.

RRSP

As of June 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 73 shares of Canadian National Railway (CNR.TO).  The 73 shares of Canadian National were purchased during the last 3 months.

The value of this account as of June 25, 2023 is $20697.34. This is an increase of 1.236% from March 25, 2023.

Summary of Assets

Total Savings : $6985.34
Non-Registered accounts : $116005.87
TFSA Investing : $75547.39
Trading Account: $5123.59
RRSP Savings Account: $20697.34

Total Assets = $224359.53   (increase of 4.32% from 3 months ago)

Liabilities

The balance on my line of credit is $0.00. 

I owe $0.00 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 = $0.00

Total Liabilities = $0.00

Conclusion

On June 25, 2023, my net worth is $224359.33 . This is an increase of $9494.20, or 4.42%, 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 eleventh net worth update, click here. 

To read the twelfth net worth update, click here.  

To read the thirteenth net worth update, click here. 

To read the fourteenth 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 - May 2023

    

The month of May 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 $347.52 in dividend income for the month of May 2023. This represents a 4.71% decrease from 3 months ago and 2.67% increase year over year.

The decrease in from 3 months ago is the reduction was due to Shaw Communications was officially acquired by Rogers Communications.  Therefore, there is no more Shaw Communications dividends.

I received dividend / distribution income from 7 different companies.

I received $0.00 in option premiums within my investment accounts in May 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 five months of 2022, I received $2703.16 in dividends. In the first five months of 2023, I received $3203.80 in dividends. This is an increase of 18.52% 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 May 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 - May 2023

 The month of May 2023 is now behind us.

The prices of groceries continue to rise, although the price of a barrel of WTI oil is  $71.74 at the time of this writing.  The cost of shipping products has increased as their is still a massive shipping backlog across the world.

The FED and the Bank of Canada has not ruled out another interest rate hike.  For people taking on a mortgage, a variable rate mortgage or mortgage coming up for renewal will see larger payments.

In Western Canada, we have experienced a large amount of wildfires this spring.  The other side of the country is now experiencing wildfires like never before.  Nova Scotia is currently battling wildfires.  With real dry conditions it is difficult to but the fires out.  With these ongoing fires, some highways will need to be close which affects the movement of goods across the nation.

Portfolio Activity

Margin Account Activity

There has been no activity in this account in May 2023

TFSA Activity

There has been no activity in this account in May 2023.  I continue to add money to this account during the month of May 2023.   

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $16.19704 for a total cost of $16.20 (TFSA)

1 unit of KMP.UN @ $17.87 for a total cost of $17.87 (TFSA)

1 share of EMA.TO @ $58.72103 for a total cost of $58.72 (Margin)

1 share of FTS.TO @ $56.88839 for a total cost of $56.89 (Transfer Agent)

Boston Pizza Royalties Income Fund (BPF.UN.TO) pays a distribution of $0.107 per unit monthly, or $1.284 per unit annually.   This drip adds $1.28 CAD to my annual dividend income.  The yield on cost for this DRIP is 7.93%.

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 3.92%.

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 4.70%.

Fortis Inc (FTS.TO)  pays dividend of $0.565 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 3.97%.

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 May 4, Telus Corporation increased their dividend from $0.3511 to $0.3636 CAD monthly, or $1.4044 to $1.4544 CAD annually.  This is an increase of 3.56%.

At the time of this announcement, I owned 334 shares of Telus.  This increase adds $16.70 to my annual dividend income.

On May 24, Bank of Nova Scotia increased their dividend from $1.03 to $1.06 CAD monthly, or $4.12 to $4.24 CAD annually.  This is an increase of 2.91%.

I currently 90.666619 shares of Bank of Nova Scotia. This increase adds $10.88 to my annual dividend income.

On May 24, Bank of Montreal increased their dividend from $1.43 to $1.47 CAD monthly, or $5.72 to $5.88 CAD annually.  This is an increase of 2.80%.

I currently 85 shares of Bank of Montreal. This increase adds $13.60CAD to my annual dividend income.

On May 25, Royal Bank of Canada increased their dividend from $1.32 to $1.35 CAD monthly, or $5.28 to $5.40 CAD annually.  This is an increase of 2.27%.

I currently 56 shares of Royal Bank. This increase adds $6.72CAD to my annual dividend income.

On May 25, Canadian Imperial Bank of Commerce "C.I.B.C" increased their dividend from $0.85 to $0.87 CAD monthly, or $3.40 to $3.48 CAD annually.  This is an increase of 2.35%.

I currently 220 shares of C.I.B.C. This increase adds $17.60CAD to my annual dividend income.

These 5 companies have been increasing their dividend semi-annually for several years. 

Dividend Decreases

There were no dividend decreases in May 2023. 

Summary: 

As of June 3, 2023, the total value of the portfolio is $194387.87. This is a 0.816% decrease over last month's total.  

The portfolio is estimated to produce an estimated $7872.40 in dividend income over the next 12 months. This is an increase of $68.14CAD , or 0.873%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

My annual dividend income increased by $65.50 through dividend increases.  This is equivalent to investing $1871.43 CAD of my own money at a 3.5% yield. 

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.