Trading Account Update - December 31, 2023

  As previously stated on this blog, that I have started a trading account with a balance below $1000.00.   I started to add $50.00 every two weeks but that has stopped due to a recent job loss.  I have not added any more money to this account.  I have not put on many trades in the account.  Some of the most recent trades, were long swing trades. The following table shows my stats from the start of 2016:

                               

                           # of trades :                        61

                               Total Capital added:          $250.00

                               Trading Acct Balance:       $5558.53

                               Average Drawdown:          $197.66

                               Average Loss:                    264.74

                               Average Accuracy:            85.25%

                               Average Risk:                    $210.30

                               Average Reward:              $117.90

                               Average Risk/Reward :      1: 0.5606

 I have been trading penny stocks, stocks, REITS and options.  Any dividends that will be received from this account will stay within the account. The accuracy rate is high. Does this mean that I am a super trader? No it does not.  The risk to reward ratio states of every $1.00 of risk there is reward of  $0.5606.  Ideally, a trader should aim for a 1:2  risk to reward ratio which causes the accuracy rate to be lower.  I lost big on a trade as I did not put a stop in at the initiation of the PZA.TO trade.  The stock kept dropping and dropping, so I felt it was best to sell.   

 The drawdown above is intra-trade drawdown.  This type of draw down is the dollar amount the trade moves against you.  Why is it important to keep track of inter-trade drawdown?  It helps you know if you are picking good entry points.  It is normal for trades to have intra-trade drawdown.  

Below is a chart of my 2023 percentile gains

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The above chart shows that the trading account has been down most of the year to date.  

Below is a chart showing my overall percentile gains from January 1, 2016, to December 31, 2023.

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Conclusion:

I have not gotten the results that I have wanted over the last couple of years. This is evident in the long roughly flat line in the chart above.  

I need to gain better entry points and to make sure to use a stop loss.  In the trading platform for my brokerage, you can put in a stop limit order when purchasing a stock via a bracket order.  

Note:  The trades are listed under the Trading Tab above with all the trades listed as of December 31, 2023

Note:  As of December 31, 2023, there is no active trades. 

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.

Net Worth Update - December 2024

 Today is December 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 December 24, 2023, the value of the savings account with EQ Bank is $7367.27 . 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 one stock and cash  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.

In December, I sold the 100 units of BMO High Yield Covered call ETF (ZWC.TO).

I owned 83 units of Transalta Renewables (ticker symbol  RNW.TO).  Transalta Renewables paid a monthly dividend of $0.07833 per share.  On September 26, the shareholders of Transalta Renewables voted to sell their shares to Transalta.  Shareholders had  voted for one of 2 options.   One option was to receive $13.00 for each share of Transalta Renewables that we owned.  The second option was to receive a given amount of transalta share for each share of Transalta Renewable owned.  

I received 55 shares of Transalta (TA.TO)  and some cash as a result of this merger. 

On December 24, 2023 , the current value of this "stock / ETF /cash account" is $2774.73 .  I have earned a total of $502.96 in total dividends/distributions in this account. 

Overall, the savings total is $10142.18 . 

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 $120632.70 as of December 24, 2023. This is an decrease of 1.644% since the last published net worth post.

TFSA Investing Account

The TFSA investing account balance is $90596.64 as of December 24, 2023. This account is with Questrade. This is an increase of 9.09% since the last published net worth post.

Trading Account

The trading account is with Questrade. There is no active trades on in this account as of the time of this writing. As of December 24, the value of this account is $5560.48 .

RRSP

As of December 24, 2023, I own 121 shares of CP Rail (Ticker Symbol  CP.TO) , 119 units of XAW, and 49 shares of Alimentation Couche-Tard  (ATD.B.TO)  

On November 22, 2023, I sold 1 19Jan2024 $100 CP.TO call at $1.58 for a total net premium of $147.05 including commissions.  At the time of this writing, Canadian Pacific Kansas City closed at $105.41 CAD. 

The value of this account as of December 24, 2023 is $22242.78 . This is an increase of 7.82% from September 24, 2023.

Summary of Assets

Total Savings : $10142.18
Non-Registered accounts : $120632.70
TFSA Investing : $90596.64
Trading Account: $5560.48
RRSP Savings Account: $22242.78

Total Assets = $249174.78  (increase of 3.62% 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 December 24, 2023, my net worth is $249174.78 . This is an increase of $8709.02, or 3.62%, 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 thirteenth net worth update, click here. 

To read the fourteenth net worth update, click here.  

To read the fifteenth net worth update, click here. 

To read the sixteenth 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 - November 2023

          

The month of November 2023 is another month of dividend income landing in my accounts.  A new record of dividend income received in a single month. 

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 $378.77 in dividend income for the month of November 2023. This represents a 4.40% increase from 3 months ago and 6.05% 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 November 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 eleven months of 2022, I received $6298.28 in dividends. In the first eleven months of 2023, I received $7403.23 in dividends. This is an increase of 17.54% 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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As from this graph, I surpassed last years total dividend income at the end of October.  My total dividend received in 2023 is 6.33% above the total for all of 2022.

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 November 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 - November 2023

The month of November 2023 was crazy in Canada.  The premier of Saskatchewan, Scott Moe, has stated that the Province of Saskatchewan will stop collecting carbon tax Jan 1 2024 on home heating using natural gas if an exemption on home heating is not made by the federal government.

Later in November, Scott Moe said the province will stop collecting the carbon tax on home heating via electricity on January 1 as well.

These acts by the premier of Saskatchewan is due to the federal government suspending the carbon tax on home heating by oil  across the country.  This suspension of the carbon tax benefits Atlantic Canada.   

Also, rents across Canada have increased a lot over the last year.  This is mostly due to the interest rate increases, property tax increases and increased carbon tax.

The economy is starting to slow down with inflation being less than 4%.  I believe the interest rate will remain at 5% for the next few months. 

The war in the middle east involving Israel started up again after a recent cease fire. 

The S&P500 was up 5.42% over the past month.   

The S&P TSX Composite Index was up 1.07% over the past month. 

Portfolio Activity

Margin Account Activity

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

TFSA Activity

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

Shares Purchased Via DRIP

1 unit of KMP.UN @ $17.53503 for a total cost of $17.54 (TFSA)

1 unit of BPF.UN @ $15.51257 for a total cost of $15.51 (TFSA)

1 share of EMA.TO @ $48.45823 for a total cost of $48.46 (TFSA)

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 3.99%.

Emera Inc (EMA.TO)  pays a dividend of $0.7175CAD per share quarterly, or $2.87CAD per share annually.  This drip adds $2.87 CAD to my annual dividend income.  The yield on cost for this DRIP is 5.92%.

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 8.28%.

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 November 29,  Enbridge (ENB.TO) increased their dividend from $0.8875 CAD to $0.915CAD quarterly, or from $3.55 CAD  from $3.66 CAD annually.  This is an increase of 3.10% .

I currently own 359.278 shares of Enbridge.  This increase adds $39.52 CAD to my annual dividend income.  

On November 30,  Canadian Imperial Bank of Commerce (CM.TO) increased their dividend from $0.87 CAD to $0.90 CAD quarterly, or from $3.48 CAD  from $3.60 CAD annually.  This is an increase of 3.45% .

I currently own 220 shares of Canadian Imperial Bank of Commerce.  This increase adds $24.00 CAD to my annual dividend income. 

On November 30,  Royal Bank (ENB.TO) increased their dividend from $1.35 CAD to $1.38 CAD quarterly, or from $5.40 CAD  from $5.52 CAD annually.  This is an increase of 2.22% .

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

On November 30,  TD Bank (TD.TO) increased their dividend from $0.96 CAD to $1.02 CAD quarterly, or from $3.84 CAD  from $4.08 CAD annually.  This is an increase of 6.25% .

I currently own 111 shares of TD Bank.  This increase adds $26.64 CAD to my annual dividend income. 

Dividend Decreases

There were no dividend decreases in November 2023. 

Summary: 

As of December 3 , 2023, the total value of the portfolio is $205074.20 . This is a 2.91% increase over last month's total.  

The portfolio is estimated to produce an estimated $9097.45 CAD in dividend income over the next 12 months. This is an increase of $88.55 CAD , or 0.983%. 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.ir financial situation and tolerance for risk.