Net Worth Update -December 25 2024

 Today is December 25, 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, novice 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 25, 2024, the value of the savings account with EQ Bank is $11688.12 . As of the time of this writing, the interest rate for EQ Bank is currently sitting at 1.75%.  Since the last net worth update, the Bank of Canada cut the interest rate two times.  The interest rate was cut by 0.50%, or 50bps, on October 23, 2024.  The interest rate was then cut by another 0.50%, 50bps, on December 11, 2024.

I opened up a novice Savings Account with EQ Bank.  A novice savings account is a new savings account offered by EQ Bank.  The novice savings account comes with one of 2 withdrawal options.  Currently, the options are an account with a 10 day withdrawal or an account with a 30 day withdrawal.  The current interest rates are 3.00% for the former and 3.05% for the latter.   

I opened an novice savings account (30 day) in November 2024.  Currently, the value of the account is $228.63.  The interest rate currently is 3.05%.  When a withdrawal is requested, it takes 30 days for the withdrawal to complete.  During the 30 days, the interest continues to accumulate. 

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, I do not own any stocks in this account.

I own 55 units of the Bank of Montreal Canadian Dividend ETF (ZDV.TO)  and cash.  The purchase of the ETF was first purchased after the last net worth update.

On December 20, 2024, I covered call on TA.TO was assigned at $15.50 per share.  

On December 25, 2024 , the current value of this "stock / ETF /cash account" is $4273.10 .  I have earned a total of $537.14 in total dividends/distributions in this account. 

Overall, the savings total is $16190.03.

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 market value is $135409.68 as of December 25, 2024. This is an increase of 3.42% since the last published net worth post.

TFSA Investing Account

The TFSA investing account balance is $122893.68 as of December 25 2024. This account is with Questrade. This is an increase of 1.32% 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 sold a few covered calls on this position, and the most recent covered call expired worthless on December 20th of this month. As of December 25 2024, the value of this account is $6229.48

RRSP

As of December 25, 2024, I own 21 shares of CP Rail (Ticker Symbol  CP.TO) , 152 units of XAW, 65 shares of CN Rail (CNR.TO) and 49 shares of Alimentation Couche-Tard  (ATD.B.TO)  

I also own 52 units of CASH.TO. 

The value of this account as of December 25, 2024,  is $26022.97 . This is an increase of 2.96% from September 28, 2024.

Summary of Assets

Total Savings : $16190.30
Non-Registered accounts : $135409.68

TFSA Investing : $122893.68
Trading Account: $6229.48
RRSP Savings Account: $26022.97

Total Assets =$306746.11 (decrease of 3.00% from 3 months ago)

Liabilities

The balance on my line of credit is $0.00. 

I owe $11788.17 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 = $11788.17

Total Liabilities = $11788.17

Conclusion

On December 25, 2024, my net worth is $294957.94. This is an decrease of $2859.97, or 0.960%, from 3 months ago.

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

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To read the seventeenth net worth update, click here.

To read the eighteenth net worth update, click here. 

To read the nineteenth net worth update, click here.

To read the twentieth 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 2024

                      

The month of November 2024 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. 

At the start of January 2024, I allocated 27% to investing and 10% to savings. 

Starting July 2024, I started allocating 30% to investing and 10% savings.

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

I received a total of $523.33 in dividend income for the month of November 2024. This represents a 2.02% decrease from 3 months ago and a 38.2% increase year over year.

I received dividend / distribution income from 8 different companies.

I received $118.05 in net option premiums within my investment accounts in November 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 eleven months of 2023, I received $7403.23 in dividends. In first eleven months of 2024, I received $10278.94 in dividends. This is an increase of 38.84% 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 November 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 - November 2024

 The month of November 2024 involved an US election for President of the United States. 

On November 5th, Donald Trump won the election and will be sworn in as the 47th president of the United States in January 2025.  

During the last few weeks, Donald Trump said he will place a 25% tariff on all products from Canada and Mexico, unless the countries tackle the flow of drugs and migrants across their borders.  Canada is taking this very serious.  

In Canada, the liberal government is still in power.  In recent days, the federal liberal government tabled legislation to remove GST on certain products from December 14, 2024 to February 15, 2025.  The NDP voted with the liberal government, to the pass the legislation.  At the time of this writing, the legislation still has to be passed by the senate. 

During November, Bell Canada released its earnings a few days after a major announcement.  The major announced was that Bell Canada Enterprises was purchasing Ziply Fiber in the United States.  

The earnings release stated that Bell Canada Enterprises will not increase the dividend.  Both this announcement and purchase of Ziply Fiber lead to a massive sell off in the stock.   

The S&P500 was up 1.58% over the past month.  

The S&P TSX Composite Index was up 3.77% over the past month.

Portfolio Activity

Margin Account Activity

On November 5th, I added 50 shares of Bell Canada Enterprises (BCE.TO) at $39.84 CAD per share for a total cost of $1997.12 including commissions.  Currently,  Bell Canada Enterprises pays a dividend of $0.9975 CAD per share quarterly, or $3.99 CAD per share annually.  The yield on cost for this purchase 9.99%. 

This purchase adds $199.50 CAD to my annual dividend income. 

On November 15th,  my  2 Nov152025  RCI.B.TO $49 put options expired worthless.  

On November 18th, I sold 2 Dec202024 RCI.B.TO $49 put options at $0.65 for a net premium of $118.05 after commissions.  As the option seller, I am paid this net premium.

On November 6, Chord Energy (CHRD) released their Q3 earnings.  Within the earnings release, Chord Energy stated they will pay a base + variable dividend of $1.44 per share.  So, I will update my spreadsheet to reflect this a 5.76USD (4*1.44) per share.  

TFSA Activity

On December 6th, I added 39 shares of TD Bank (TD.TO) at $73.35 for a total cost of $2865.74 including commissions.  Currently, TD Bank pays a dividend of $1.02 CAD per share quarterly, or $4.08 per share annually.  The yield on cost of this purchase is 5.55%. 

This purchase adds $159.12 CAD to my annual dividend income.  

Shares Purchased Via DRIP

1 unit of KMP.UN @ $18.24407 for a total cost of $18.24 (TFSA)

1 unit of SRU.UN @ $25.04444 for a total cost of $25.04 (TFSA)

3 shares of EMA.TO @ $50.70496 for a total cost of $152.11 CAD (Margin)

1 unit of BPF.UN @ $17.4035 for a total cost of $17.40 (TFSA)

1 share of FTS.TO @ $62.05766 for a total cost of $62.06 (TFSA)

1 unit of REI.UN @ $18.9975 for a total cost of $19.00 CAD (TFSA)

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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 6, Killam Properties REIT  (KMP.UN.TO) increased their distribution from $0.058333 CAD to $0.0.06 per unit monthly, or from $0.70CAD to $0.72 CAD per unit annually.   This is an increase of 2.86%.  The distribution increase will take effect with the November distribution to be paid in mid-December 2024.

I currently own 430 units of Killam Properties REIT in my TFSA.  This increase adds $8.60CAD to my annual dividend income. 

On November 8, Telus Corporation (T.TO) increased their dividend from $0.3891 to $0.4023 CAD per share quarterly, or from $1.5564 to $1.6092 CAD per share annually.  This is an increase of 3.39%.  Telus Corporation has been increasing their dividend twice a year in the recent years. 

I currently own 481 shares of Telus Corporation.  This increase adds $25.40 CAD to my annual dividend income. 

 

Dividend Decreases

There were no dividend decreases in November 2024.  

 

Summary: 

As of December 7, 2024, the total value of the portfolio is  $259398.79 CAD . This is a 4.07% increase over last month's total.  

The portfolio is estimated to produce an estimate $12371.90 CAD in dividend income over the next 12 months. This is an increase of of 520.40 CAD , or 4.39%. 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, and BPF.UN.

Dividend increases or decreases announced already for December 2024, will be included in the next portfolio update. 

 

Please Note: Positions in Restaurant Brands International (QSR.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.