Net Worth Update - March 2024

Today is March 24, 2024. 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 $8964.08 . As of the time of this writing, the interest rate for EQ Bank is currently sitting at 2.50%.  The interest rate is the same as 3 months ago. 

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.

Currently, do not own any ETFs in this account since the last update.

I own 55 shares of TransAlta (TA.TO) and cash.

On March 24, 2024 , the current value of this "stock / ETF /cash account" is $2694.33 .  I have earned a total of $505.99 in total dividends/distributions in this account. 

Overall, the savings total is $11658.59 . 

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 $128040.55 as of March 24, 2024. This is an increase of 6.14% since the last published net worth post.

TFSA Investing Account

The TFSA investing account balance is $100289.06 as of March 24, 2024. This account is with Questrade. This is an increase of 10.70% since the last published net worth post.

Trading Account

The trading account is with Questrade. There is an active trade on this account.  I also have sold a covered call on this position, which is still active. As of March 24, the value of this account is $5555.68 .

RRSP

As of March 24, 2024, I own 21 shares of CP Rail (Ticker Symbol  CP.TO) , 144 units of XAW, 200 shares of Emera Inc (EMA.TO) 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.  This option was assigned.  

On January 17, I purchased 25 units of XAW.TO at $35.92 for a total cost of $898.09 including commissions.  Questrade does not charge commissions when buying ETFs, but ECNs fees are charged

On January 24, I purchased 200 shares of EMA.TO at $48.60 for a total cost of $9724.95 including commissions.

On March 4, I sold 2 15May2024 $50.00 calls at $0.40 for a net premium of $68.05 after commissions.

The value of this account as of March 24, 2024 is $24019.77 . This is an increase of 7.99% from December 24, 2023.

Summary of Assets

Total Savings : $11658.59
Non-Registered accounts : $128040.55

TFSA Investing : $100289.06
Trading Account: $5555.68
RRSP Savings Account: $24019.77

Total Assets = $269563.65  (increase of 8.18% from 3 months ago)

Liabilities

The balance on my line of credit is $0.00. 

I owe $6135.30 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 = $6135.30

Total Liabilities = $6135.30

Conclusion

On March 24, 2024, my net worth is $263428.35 . This is an increase of $14253.57, or 5.72%, 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 fourteenth net worth update, click here.  

To read the fifteenth net worth update, click here. 

To read the sixteenth net worth update, click here. 

To read the seventeenth 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 2024

             

The month of February 2024 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. 

At the start of January 2024, I will now aim to allocate 27% to investing and 10% to savings. 

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

I received a total of $386.79 in dividend income for the month of February 2024. This represents a 2.12% 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 February 2024.

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 first two months of 2023, I received $1275.28 in dividends. In first two months of 2024, I received $1567.39 in dividends. This is an increase of 22.91% YTD in 2024 over the same period in 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 February 2024?

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 2024

The month of February 2024 was a whirlwind.  The Russian-Ukraine war is still ongoing. The war is now into its third year, and will not likely end anytime in the near future.

The situation involving Israel and the Gaza likely will not end in the near future.  

The issue in the Red Sea is also ongoing.  This has affected world trade and fuels inflation, which has already been increasing for other reasons.  Cargo ships are going around the south part of Africa to get to European markets and the east cost of North America.  Travelling around the southern section of Africa involves extra cost and extra time.  

In Canada, the Alberta government's pause on new renewable projects ended.  The Alberta government has come out with rules for the approval of new renewable energy projects.  Basically, the Alberta government made it more difficult to get approved for building renewable energy projects in the province.   

The S&P500 was up 3.93% over the past month.  

The S&P TSX Composite Index was up 3.26% over the past month.

Portfolio Activity

Margin Account Activity

There was no activity in this account in February 2024.

TFSA Activity

On February 1, Meta Platforms initiated a quarterly dividend of $0.50 USD per share.

On February 5, I started a position in SmartCentres Real Estate Investment Trust.  I purchased 175 units of SRU.UN at $24.08 per unit for a total cost 4219.21 including commissions.  Currently, SmartCentres REIT  pays a monthly distribution of $0.15417 per unit monthly, or $1.85004 per unit annually.  The yield on cost for this purchase is 7.67%.

This purchase adds 323.76 CAD to my annual dividend income.

On February 8, I added 60 shares of TD Bank at $79.00 per share for a total cost of $4745.16 including commissions.  Currently, TD Bank pays a a dividend of $1.02 CAD per share quarterly, or $4.08 per share annually.  The yield on cost for this purchase is 5.16%.

This purchase adds 244.80 CAD to my annual dividend income.

On February 28, I added 104 shares of Brookfield Renewables Corporation at $32.30 per share for a total cost of $3364.15 including commissions.  Currently, Brookfield Renewables Corporation (BEPC.TO) pays a dividend of $0.355 USD per share quarterly, or $1.42 USD per share annually.  At the time of this writing, $1.42 USD dividend per share annually is equivalent to $1.93 per share in Canadian dollars.   Using the Canadian dollar equivalent, the yield on cost for this purchase is 5.97%.

This purchase adds $200.72 CAD to my annual dividend income, at the time of this writing. 

Shares Purchased Via DRIP

1 shares of EMA.TO @ $47.55628 for a total cost of $47.56 (Margin)

1 unit of KMP.UN @ $19.44039 for a total cost of $19.44 (TFSA)

2 units of BPF.UN @ $15.6035 for a total cost of $31.21 (TFSA)

Emera pays a quarterly dividend of $0.7175 CAD per share quarterly, or $2.87 per share annually.  This drip adds $2.87 CAD to my annual dividend income.  The yield on cost for this drip is 6.03%.

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 3.60%.

Boston Pizza Royalties Income Fund (BPF.UN.TO) pays a distribution of $0.113 CAD per unit monthly, or $1.356 CAD per unit annually.   This drip adds $2.71 CAD to my annual dividend income.  The yield on cost for this DRIP is 8.69%.

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, 2024,  Brookfield Renewables Corporation (BEPC.TO) increased their dividend from $0.3375 USD to $0.355 USD per share quarterly, or from $1.35 USD to $1.42 USD per share annually. This is an increase of 5.19%.  

At the time of this increase, I owned 12 shares of BEPC.TO.  This increase adds $0.84 USD to my annual dividend income.  At the time of this writing, this is equivalent to $1.14 Canadian dollars. 

The same increase also applies to Brookfield Renewable Partners LP  (BEP.UN).  I currently own 141 units of BEP.UN.  This increase adds $9.87 USD to my annual dividend income.  At the time of this writing, this is equivalent to $13.40 Canadian dollars. 

On February 8, Bell Canada Enterprises (BCE.TO) increased their dividend from $0.9675 CAD to $0.9975 CAD quarterly, or from $3.87 CAD to $3.99 CAD per share annually.  This is an increase of 3.10%. 

I currently own 350 shares of Bell Canada Enterprises.  This increase adds $42.00 CAD to my annual dividend income. 

On February 13, Riocan REIT increased their distribution from $0.09 CAD to $0.0925 CAD per unit monthly, or from $1.08 CAD to $1.11 CAD per unit annually.  This is an increase of 2.78%.

I own 100 units of Riocan.  This increase adds $3.00 CAD to my annual dividend income. 

On February 13,  Restaurant Brands International increased the dividend from $0.55 USD to $0.58 USD per share quarterly, or from $2.20 USD to $2.32 USD per share annually.  This is an increase of 5.45%.

I own 135 shares of Restaurant Brands International.  This increase adds $16.20 USD to my annual dividend income.  At the time of this writing, this is equivalent to $22.00 in Canadian dollars. 

On February 14, Manulife Financial Corporation increased their dividend from $0.365 CAD to $0.40 CAD per share quarterly,  or from $1.46 CAD to $1.60 CAD per share annually. This an increase of 9.59%.

Currently, I own 132 shares of Manulife Financial Corporation.  This increase adds $18.48 CAD to my annual dividend income. 

On February 14, Boston Pizza Royalties Income  Fund  (BPF.UN) increased their distribution from $0.107 CAD to $0.113 CAD per unit monthly, or from $1.284 CAD to $1.356 CAD per unit annually.  This is an increase of 5.61%.

At the time the announcement of this distribution increase, I owed 288 units of Boston Pizza Royalties Income Fund.  This increase adds $20.74 CAD to my annual dividend income.

Dividend Decreases

There were no dividend decreases in February 2024. 

Summary: 

As of March 2 , 2024, the total value of the portfolio is $222234.27 . This is a 3.00% increase over last month's total.  

The portfolio is estimated to produce an estimate $10842.17 CAD in dividend income over the next 12 months. This is an increase of $935.33 CAD , or 9.44%. 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 approximately $120.76 CAD (excludes Meta Platforms) from dividend increases.  This is equivalent to investing $3450.29 of my own money at 3.5% yield. 

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.