Net Worth Update - September 24 2023

  Today is September 24, 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 September 24, 2023, the value of the savings account with EQ Bank is $5778.57. 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.

I own 100 units of Bank of Montreal's  Canadian High Dividend Covered Call ETF (ZWC.TO).  I received a total of $294.64 in total distributions as of September 24, 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 $80.41 in total dividends as of September 24, 2023.

On September 24, 2023 , the current value of this "stock / ETF account" is $3092.76 .  I have earned a total of $464.46 in total dividends/distributions in this account. 

Overall, the savings total is $8871.51 . 

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 $122648.72 as of September 24, 2023. This is an increase of 5.73% since the last published net worth post.


TFSA Investing Account

The TFSA investing account balance is $83046.01 as of September 24, 2023. This account is with Questrade. This is an increase of 9.93% 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 September 24, the value of this account is $5269.36 .

RRSP

As of September 24, 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 value of this account as of September 24, 2023 is $20630.16 . This is an decrease of 0.325% from June 25, 2023.

Summary of Assets

Total Savings : $8871.51
Non-Registered accounts : $122648.72
TFSA Investing : $83046.01
Trading Account: $5269.36
RRSP Savings Account: $20630.16

Total Assets = $240465.76   (increase of 7.18% 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 September 24, 2023, my net worth is $240465.76 . This is an increase of $16106.43, or 7.18%, 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 twelfth net worth update, click here.  

To read the thirteenth net worth update, click here. 

To read the fourteenth net worth update, click here.  

To read the fifteenth 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 - August 2023

       

The month of August 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 $362.79 in dividend income for the month of August 2023. This represents a 4.39% increase from 3 months ago and 2.93% 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 August 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.  As more investments and DRIPs are made inside TFSA, the percentage of dividend income for the TFSA is increasing.  

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

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In the first eight months of 2022, I received $4451.16 in dividends. In the first eight months of 2023, I received $5180.66 in dividends. This is an increase of 16.39% YTD in 2023 over the same period of 2023.

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 August 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 - August 2023

 The month of August has brought Covid back into the news.  With a new subvariant of the Covid, people are pushing for return of mask mandates and possible lockdowns.  If we have lockdowns in the coming fall and winter, it will destroy the lives of people already struggling financially with high inflation.  The amount of homelessness will also increase. 

In other news,  wild fires continues across the country.  The wild fires caused widespread damage in all provinces, with Northwest Territories and British Columbia hardest hit recently.

The strike by workers across the Metro grocery stores is over.  This was a month long strike the caused their customers to travel farther distances to get their groceries.  This has made other grocery store chains to increase their prices.   

Coming up this week, the Bank of Canada will announce whether the interest rate will increase, decrease of stay the same time. So far, two Canadian premiers have asked the Bank of Canada governor to halt interest rates.  Premiers of BC and Ontario say increasing  the interest rate will had pressure to people already struggling with mortgage and other debt payments and will lead to more homelessness.

The S&P500 was down 0.06% over the past month.   

The S&P TSX Composite Index was up 1.68% over the past month. 

Portfolio Activity

Margin Account Activity

There has been no activity in this account since the last update.

TFSA Activity

There was no activity in this account since the last update. 

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $16.26745 for a total cost of $16.27 (TFSA)

1 unit of KMP.UN @ $18.20057 for a total cost of $18.20 (TFSA)

1 share of EMA.TO @ $50.34656  for a total cost of $50.35 (TFSA)

1 share of FTS.TO @ $53.33571 for a total cost of $53.34 (TFSA)

Boston Pizza Royalties Income Fund (BPF.UN.TO) pays a distribution of $0.107 CAD per unit monthly, or $1.284 CAD per unit annually.   This drip adds $1.28 CAD to my annual dividend income.  The yield on cost for this DRIP is 7.89%.

Killam Properties REIT pays a distribution of $.058333 CAD per unit monthly, or $0.70 CAD per unit annually. This drip adds $0.70 CAD to my annual dividend income.  The yield on cost for this drip is 3.85%.

Emera Inc (EMA.TO)  pays a 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 5.48%.

Fortis Inc (FTS.TO)  pays a 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 4.24%.

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 August 9, Enerplus Corporation increased their dividend from $0.055 USD to $0.06USD quarterly, or from $0.22USD from $0.24USD annually.  This is an increase of 9.09% .

I currently own 770 shares of Enerplus.  This increase adds $15.40 USD to my annual dividend income.

At the time of this writing,  this is equivalent to $20.94 CAD.  

Dividend Decreases

There were no dividend decreases in August 2023. 

Summary: 

As of September 4, 2023, the total value of the portfolio is $201311.83 . This is a 2.11% decrease over last month's total.  

The portfolio is estimated to produce an estimated $8788.21CAD in dividend income over the next 12 months. This is an increase of $47.51 CAD , or 0.544%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Googlesheets is still not operating properly.  So, I had to manually enter the market value for the REITS, BEP.UN, BPF.UN, and AW.UN. 

 

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.