2016 Year In Review

2016-year-in-review

Hey folks how are you? For today’s post I thought it would be fun to go back and review last year. 2016 was my second full year of becoming a dividend investor and I am very happy with the results and I wonder why didn’t I make the move sooner. My TFSA (Tax Free Savings Account) account had a terrible 2015 was I able to turn it around in 2016 well keep on reading to find out 🙂 I hope everyone was able to achieve what they wanted to last year or at least came close to.

Let’s dig into the numbers shall we?

TFSA

Before I start telling you about last year for my TFSA let’s go back to 2015. Above I mentioned that I had a terrible 2015 as an investor I committed a sin and got punished for it, I purchased a stock in 2014 without doing any research and took the advice of someone on tv.

disappointment-gif

It did not end well for me that stock was Long Run Exploration (no longer exists company was purchased in 2016). Entering the new year I only had two holdings a mutual fund and the stock I just mentioned. In February I made the decision to smarten up and focus on improving my account. I sold my mutual fund and started investing in stocks again.

Long Run Exploration left my TFSA in July when the company was purchased and I received cash for the shares I held at the time. Now let’s get to the positive stuff.

2016 saw me give my account a makeover I made 8 purchases and you can check them out here. My account increased 34.2% in value and I received record dividends. At the end of 2016 my TFSA had a value of $21,500.67

To help makeover the account I invested a total of $12,416 into my TFSA. So now let’s move onto my RRSP (Registered Retirement Savings Plan) account.

RRSP

2016 was a another good year for this account, it increased in value 21.6% and saw dividend income increase 17.7%. At the beginning of the year the account had a value of $63,446.63 and ended with $77,147.68.

I added some new stock to my portfolio as well.

  • Magna International (sold it in Oct)
  • Power Corp
  • Potash Corp
  • BMO US Dividend ETF

I also added to my position in four stocks

  • Royal Bank of Canada
  • Canadian Utilities
  • Westjet
  • Telus

Sold some stock as well.

  • JP Morgan
  • Proctor & Gamble
  • Magna International

I sold JP Morgan and Proctor & Gamble to better diversify my account and used the funds to purchase the ETF mentioned above.

I invested a total of $1,800 into this account in 2016.

Yearly Dividends

Here is a look at my dividends when I combine both accounts.

Dividend Increases

I guess this isn’t a surprise since I have added quite a few more stocks into my portfolio but 2016 saw me receive a record amount of increases. I get money for doing nothing who doesn’t like that. Last year I received 16 regular increases and 1 special distribution these increased my forward income by $66.17.

Here’s a list of who I received increases from.

Increases
The Keg Royalties Income Fund 2 Regular, 1 Special
Telus 2
Bank of Montreal 2
Alimentation Couche-Tard 2
Algonquin Power & Utilities 1
Power Corp 1
JP Morgan 1
Pizza Pizza Royalty Corp 1
Royal Bank of Canada 1
Fortis 1
Inter Pipeline 1
Canadian Utilities 1

I have a page to show all of the increases I have received to date since becoming a dividend investor you can find that here.

So that wrap’s up my 2016 I hope I can continue my success in 2017 🙂

Thanks for reading please feel free to share this and  comment I always enjoy reading them.

Matthew

12 thoughts on “2016 Year In Review

  1. Garrett is correct. Never rely on other people’s research. Not even the experts. They get it wrong a lot of the time. Do your own research and you’ll make wise investments. All the best for 2017.

    Liked by 1 person

  2. Congratulations on taking action to recover from your mistake in 2015 — that’s a superb turnaround! The growth in your annual dividends looks great. Keep up the good work and all the best for 2017!

    Liked by 1 person

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