Plaza REIT New Purchase

plaza reit

Hey guys how’s it going? Today I wanted to share with you a purchase I made on the stock market last week. Last Thursday I purchased more shares of Plaza REIT. This was my second purchase of the stock. Plaza’s stock was sitting at a 52 week low and I had a little bit of money sitting in my Tax Free Savings Account so I decided to buy more shares and lower my average cost.

What is Plaza REIT?

Plaza Retail REIT (Plaza) is a Canada-based open-ended real estate investment trust. The Company’s objective is to deliver a growing yield to unitholders from a diversified portfolio of retail properties. The Company develops, owns and manages retail real estate primarily in Atlantic Canada, Quebec and Ontario. The Company offers a business strategy that differs from various peers in the real estate industry. The Company’s portfolio includes interests in approximately 310 properties totaling over 7.1 million square feet, which are predominantly occupied by national tenants and additional lands held for development. These include properties indirectly held by Plaza through its subsidiaries and through joint arrangements. The Company’s properties are located in Alberta, Newfoundland and Labrador, New Brunswick, Nova Scotia, Manitoba, Ontario, Prince Edward Island and Quebec. The Company’s subsidiaries include Plaza Master Limited Partnership and Scott’s Real Estate Limited Partnership.

Source (RBC Direct Investing)

Transaction

On March 8th I purchased 502 shares @ $3.94 per share. The cost of the transaction was $1,987.87 including trading fee.

Before the purchase I owned 502 shares, so with this buy I doubled my share count to 1,004. With this purchase my average cost drops to $4.16 from $4.39.

Income

Plaza REIT pays a monthly dividend of $0.0233 the new shares will boost my monthly income by $11.70 and $140.40 annually.

With this purchase I used up all of my available cash so now I will be sitting back and collecting my dividends to rebuild my cash piles.

Thanks for reading

Matthew

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February 2018 Net Worth ( -$1,387.78)

February

Hey folks how are you? Today I get to share with you my net worth for February. I saw another down month my second straight to start the year. I’m not to concerned with this I know it’s short term pain for long term gain. In fact I’m surprised my net worth wasn’t lower. Why do I say this?? Well my net worth is overwhelming tied to the stock market. In February we saw some volatility with the markets. I believe I took advantage of the situation as I bought stocks 8 times during the month.

With this post three numbers will stand out to you as you read it. They are my cash, investments and liabilities. As I mentioned above about all the purchases I made I needed cash to make it happen. Also last month on Twitter I put up a poll mentioning that I was seriously thinking about taking out a loan from a bank to put towards investing. The poll was my most popular to date and 85% of you voted that I shouldn’t borrow to invest. I received lots of advice on the poll as well. I will you now before you read it that I did borrow money I went against your advice. Why did I do it? Well you see someday I would like to retire and at the moment I don’t have a pension so I need to get my money working for me for as long as possible. I don’t mind paying the money back, especially the amount I borrowed. I borrowed a total of $3,000, instead of borrowing from a bank I asked my family if they had any cash lying around that they weren’t using. They gave me the money interest free and I pay them back every couple of weeks.

Let’s get to the numbers shall we.

All of the numbers below are as us February 28th, 2018

February January Change
Cash & Savings $4,322.29 $10,738.13 -$6,415.84
Investments $119,722.94 $112,588.89 $7,134.35
Car $14,969.00 $14,969.00 $14,969.00
Liabilities $14,862.54 $12,756.58 $2,105.96

Cash & Savings ( -$6,415.84)

February January Change
Car Account $909.53 $565.90 $343.63
Savings $412.76 $2,803.58 -$2,390.82
Emergency Fund $3,000.00 $7,368.65 -$4,368.05

Reducing my cash just over $6,000 in one month is not a decision I made lightly, I believe my decision was the right one and I will see the results later down the road. At the time of the decision my cash was earning me between $4.00 and $4.50 in interest per month. By putting that money to work for me in the stock market I will be earning over $300 annually in dividends.

I will be easing up on my investing and will start to rebuild my cash pile in the future. The car account is close to $1,000 and once it hits that mark I will withdraw the money and make an extra payment on my car.

Investments ( +$7,134.35)

February January Change
Locked in RRSP $3,818.94 $3,995.89 -$176.95
TFSA $28,364.18 $26,225.00 $2,139.18
RRSP $87,539.79 $82,368.00 $5,171.79

Locked In RRSP

A slight decrease to the value of this account, during the month I took over full control and moved my money out of a mutual fund and invested in Enbridge Income Fund Holdings. I expect the value of this account to rise over time.

TFSA

This account saw growth from the cash I put into it and through the buys I made.

RRSP 

This account grew the most as this is where I hold most of my blue chip stocks and a few of them came on sale in February 🙂

Car ($14,969.00)

I currently own a 2015 Hyundai Elantra GLS, I check the value every three months. I will update this figure in my April update.

Liabilities

February January Change
Credit Card $78.19 $0.00 $78.19
Car $12,459.68 $12,756.58 $296.90
Family Loan $2,324.67 $0.00 $2,324.67

Credit Card

I owed $78.19 on my credit card at the end of the month.

Car

I made two payments in the month of February reducing what I owe to $12,756.58.

Family Loan

As I mentioned above I borrowed $3,000 to invest with, I have been able to pay back $675.33.

Total Net Worth

Well as you can see I had another down month but I’m not worried, hopefully I will see a rebound in March.

Well folks that wraps up my February net worth report. How was your month? Did your net worth go up?

Thanks for reading

Matthew

Sixth Dividend Increase of the Year

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Hi everyone last night my portfolio received it’s sixth dividend increase of the year and I thought I would share the news with you. ZCL Composites Inc. announced a 13% increase to their dividend.

About the Company

ZCL Composites Inc. (ZCL) is a Canada-based manufacturer and supplier of fiberglass reinforced plastic (FRP) underground storage tanks. The Company also provides custom-engineered aboveground FRP and dual-laminate composite storage tanks, piping and lining systems, and related products and accessories, where corrosion resistance is a high priority. Its segments are Underground Fluid Containment (Underground) and Aboveground Fluid Containment (Aboveground). The Company has three product groups: Petroleum Products, Water Products and Corrosion Products. The Petroleum and Water Products groups are components of the Underground segment, use a similar production process, and use the brand identities of ZCL, Xerxes, and Parabeam. The Corrosion Products are included in the Aboveground segment, and use the brand identities of ZCL Corrosion, ZCL Dualam and ZCL Troy.

Source (RBC Direct Investing)

Income

With this announcement ZCL Composites dividend will now increase to $0.135 from $0.12. I currently own 227 shares. With this announcement my quarterly income will increase $3.41 and my annual income will increase by $13.64.

This is the second raise I have received from the company since owning the stock.

If you own ZCL Composites Inc. congrats on the raise.

Thanks for reading

Matthew

February 2018 Dividend Income

February 2018

Hello everyone and thank you for stopping by. Today I will be sharing with you the dividends I received last month, and all of the other activity that happened in my portfolio. In February we saw some market volatility for the first time in a few months, and in my opinion created some buying opportunities. February might have been the busiest month ever for me. I made so many buys, I had stocks raise their dividends and I also began dripping my stocks.

Even though this won’t take effect in terms of dividends until next month in February I was able to take control of my locked in rrsp account in February, so now my portfolio consists of three accounts.

February is typically a slow month for me in terms of dividends received. The best stocks that pay me are the Canadian banks (RBC and BMO). For the month of February I received a total of $309.75. The first time I cracked the $300 mark in February, I received $115.74 in my Tax Free Savings Account (TFSA) and $194.01 in my Registered Retirement Savings Plan (RRSP).

TFSA

February 2017 February 2018
Inter Pipeline $17.87 $18.52
Boardwalk Real Estate Investment Trust $17.63 $0.00
The Keg Royalties Income Fund $15.24 $15.70
Artis Real Estate Investment Trust $13.95 $13.95
Boston Pizza Royalties Fund $12.31 $12.31
Chorus Aviation $10.92 $17.28
Corus Entertainment $6.56 $17.48
Plaza Real Estate Investment Trust $11.65
Canadian Apartment Properties REIT $8.85
Total $94.48 $115.74

Saw some nice growth last month, this is mostly due to the new investments in Chorus Aviation and Corus Entertainment. Also my new stocks Plaza REIT and Canadian Apartment Properties REIT.

RRSP

February 2017 February 2018
Royal Bank of Canada $63.91 $70.07
Bank of Montreal $62.48 $66.03
BMO US Dividend ETF $29.50 $29.50
Pizza Pizza Royalty Corp. $16.76 $16.76
Realty Income Corp. $6.00
Potash Corp $5.91 $5.65
Total $178.56 $194.01

As you can see not to many stocks pay me dividends in my rrsp account. February saw me receive dividends for the very first time from Realty Income Corp. Also this is the time time I will receive a dividend from Potash Corp. On January 1st Agrium and Potash Corp merged to form Nutrien Ltd. The increases you see with the banks are from dividend increases.

DRIP

This year I wanted to focus on growing my position in my current stocks so back in January I decided to start the drip (Dividend Reinvestment Plan) again. In February this took effect and I was able to receive additional shares in the following stocks:

  • Chorus Aviation                 1 share
  • Artis REIT                            1 share
  • Pizza Pizza Royalty Corp  1 share
  • Plaza REIT                           2 shares
  • Corus Entertainment        2 shares

These new shares boost my forward dividends by $5.26.

Monthly Dividends 2016 – 2018

Dividend Goal Meter

This year I have set a goal of wanting to receive $6,000 in dividends so I thought I would display my progress with this dividend meter. With all my buys this year I believe I have propelled my expected dividends to between $5,000 to $5,500.

Buys

February was an extremely busy month for the portfolio I needed two hands to count all the buys I made 🙂 I made 8 purchases last month, the volatility that we saw and the rising interest rates created in my opinion some buying opportunities and I took advantage.

The purchases I made were:

  • Inter Pipeline (2)
  • Realty Income Corp.
  • Johnson & Johnson
  • Enbridge Income Fund Holdings ( for my Locked In RRSP account)
  • BCE
  • Fortis
  • Power Corp

After all of those purchases I still have a little cash to play with but I think the next couple of months will be quiet for me. I will sit back and collect those new dividends I will be receiving.

Dividend Raises

I received three raises last month.

  • On Feb 8th BCE raised their dividend To $0.7550 from $0.7175
  • On Feb 15th TransCanada raised their dividend to $0.69 from $0.63
  • On Feb 23rd RBC raised their dividend to $0.94 from $0.91

Well folks that wraps up a very busy February. How did you do last month? Please feel free to comment below.

Thanks for reading

Matthew

February 2018 Pin

Fifth Dividend Increase of the Year

7a4ce-rbc-use

 

Hello everyone how are you? Last Friday Royal Bank of Canada announced a dividend increase, they have increased it to $0.94 from $0.91. This is the fifth dividend increase for my portfolio this year.

About RBC

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries. The Company’s business segments include Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets. The Company, through its segments, serves various lines of businesses, which include Personal Financial Services, Business Financial Services, Cards and Payment Solutions (Canadian Banking), Caribbean and United States Banking, Canadian Wealth Management, United States and International Wealth Management, Global Asset Management, Canadian Insurance, International Insurance, Corporate and Investment Banking, Global Markets and Other.

Source: (RBC Direct Investing)

Income

I currently own 77 shares of Royal Bank of Canada and with this decision to raise the dividend my income will grow $2.31 quarterly and $9.24 annually. Not a huge increase but keep in mind RBC has been raising their dividend every other quarter the last few years so in August we should see another raise. This is the 8th raise I have received from from RBC since I’ve owned the stock since 2014.

Congrats to my fellow shareholders on receiving this raise.

Thanks for reading

Matthew

Buying On The Dip Part Two

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Hello everyone hope you are doing well. Today’s post is going to be about my final purchases I made in February. As with my previous post titled Buying On The Dip Part One, I purchased these stocks as they were falling and they became good buys in my opinion. I will share three buys with you. All of the stocks I bought I already owned so I was just increasing my position in them. All three in my opinion are long term holds.

My first purchase was :

bellcanada_logo

About Bell (BCE)

BCE Inc. is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada. Its Bell Wireline segment provides data, including Internet access and Internet protocol television (IPTV), local telephone, long distance, as well as other communications services and products to its residential, small and medium-sized business and large enterprise customers, primarily in Ontario, Quebec and the Atlantic provinces, while Satellite television (TV) service and connectivity to business customers are available nationally across Canada. Its Bell Media segment provides conventional, specialty and pay Television, digital media, and radio broadcasting services and out of home (OOH) advertising services to customers across Canada.

Source: (RBC Direct Investing)

BCE has been one of my core holdings since my first purchase of the stock in 2014. BCE is one of the largest telecom companies here in Canada. The dividend has been rising for years and that streak should continue into the future. The stock has been falling due to rising interest rates, when I bought it was off it’s 52-week high of $63.00.

The Buy

On February 14th I purchased 25 shares @$55.87 per share. Total cost of the buy was $1,406.74 (trading cost included). Before this purchase I owned 110 shares, so combined I now own 135 shares.

Income

Earlier this year BCE raised their dividend to $0.7550 per quarter. These additional 25 shares will provide me $18.88 quarterly and $75.52 annually.

Purchase #2

85e64-fts-logo

About Fortis

Fortis Inc. is a Canada-based electric and gas utility holding company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc. (FortisAlberta), FortisBC Energy Inc. (FortisBC Energy), FortisBC Inc. (FortisBC Electric) and Newfoundland Power Inc. (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited. The Non-Regulated Utilities segment consists of Non-Regulated-Energy Infrastructure, which comprises long-term generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility.

Source: (RBC Direct Investing)

Fortis is another one of my core holdings. I have held this stock since 2014 as well. Fortis is another stock that is affected by rising interest rates. The stock has been falling lately off it’s 52 week high of $48.73. They have been raising their dividend for 44 years, and are in position to continue to do so for years to come.

The Buy

On February 14th I purchased an additional 39 shares @$39.80 per share. The purchase cost was $1,562.19 (trading cost included). Before this purchase I owned 161 shares so with this buy I increase my share count to 200.

Income

Fortis pays a quarterly dividend of $0.425. The 39 shares I purchased will provide me $16.58 quarterly and $66.32 annually.

Purchase #3

Power Corp

About Power Corp.

Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, renewable energy, communications and other business sectors. Its principal asset is the controlling interest in Power Financial Corporation (Power Financial). Its segments are Great-West Lifeco Inc. (Lifeco), IGM Financial Inc. (IGM) and Pargesa Holding SA (Pargesa). Lifeco offers life insurance, health insurance, retirement and investment services, and is engaged in the asset management and reinsurance business. IGM is a financial services company operating in Canada, primarily within the advice segment of the financial services market. Pargesa is a holding company with diversified interests in Europe-based companies active in various sectors, such as minerals-based specialty solutions for industry; cement, aggregates and concrete; testing, inspection and certification; wines and spirits, and electricity, natural gas and energy and environmental services.

Source: (RBC Direct Investing)

This is the third purchase of Power Corp for me. Before this transaction I owned 59 shares. Power Corp has been raising their dividend the last couple of years. Before that they had kept the dividend the same from 2008-2014. I had been watching this stock for awhile and it was off it’s 52 week high of $33.69 when I decided to buy more shares.

The Buy

On February 14th I purchased an additional 56 shares @$29.86 per share. The cost of the transaction was $1,682.15 (trading fee included). I now own 115 shares of Power Corp when I combine all my purchases.

Income

Power Corp currently pays a quarterly dividend of $0.3585. The 56 additional shares will provide me $20.08 quarterly and $80.32 annually.

 

Well folks that is going to wrap up this post and my very busy February. These three purchases will boost my annual dividends by $222.16. What do you think of these buys? Do you own these stocks? Please feel free to comment below.

Thanks for reading

Matthew

Buying On

New Account & New Stock For The Portfolio

Hello everyone hope you are well. On today’s post I am going to share with you a new account and a new stock that has been added to my portfolio.

Portfolio-image

New Account

The new account is one that I have mentioned before on the blog, but only in my net worth posts. The account is my Locked In RRSP account. This account is from a previous employee from whom I got laid off from in 2010. Since that time the bank has had control of this money and it was in mutual funds.

Last month I had the thought of why don’t I take control of the of the account and invest in stocks, and receive dividends. So I opened an account with my brokerage and last week the money was finally transferred into my new account giving me control. The money was not a huge amount, about $3,858. Beginning in March I will be adding this account in my monthly dividend income report as that is when dividends will start to flow into the account.

With this account I cannot add money to the account as it is a Locked In RRSP and I cannot withdraw the money until a certain age. So that being said my goal for this account was to find a stock that I could drip and gain additional shares each month. As it turns out I couldn’t decide on a stock, I did however buy a stock that pays monthly with a high dividend yield.

Stock Purchase

enbridge-202910074975

The stock that I decided to purchase for my Locked In RRSP account is Enbridge Income Fund Holdings. I purchased the stock near it’s 52 week low, and believe the stock can rebound and provide some capital appreciation.

About The Company

Enbridge Income Fund Holdings Inc., through its investment in Enbridge Income Fund, holds energy infrastructure assets. The Company’s business is limited to ownership of its interest in Enbridge Income Fund (the Fund). The Fund’s objective is to pay out a high proportion of available cash in the form of dividends to shareholders. The Fund is involved in the transportation, storage and generation of energy through its liquids transportation and storage assets, including the Canadian Mainline, the Regional Oil Sands System, a 50% interest in the Canadian and United States portions of the Alliance Pipeline, which transports natural gas, and interests in renewable and alternative power generation assets. The Fund’s assets consist of a portfolio of Canadian liquids transportation and storage businesses, including the Regional Oil Sands System in Alberta and pipelines in the Saskatchewan Bakken region, and the Canadian segment of the Southern Lights Pipeline.

Source (RBC Direct Investing)

Dividends

Enbridge Income Fund Holdings has been raising it’s dividend since 2011. Last week the company announced during their quarterly earnings release that they will continue to raise the dividend 10% per year through 2020 instead of 2019 as previously planned. The stock has a current yield of 8.10%

Purchase

On February 13th I purchased 141 shares at $26.97 per share. Total cost of the buy was $3,812.76 (including trading cost). I believe I bought at a good price as the stock was near it’s 52 week low ($26.36).

Income

Enbridge Income Fund Holdings currently pays a monthly dividend of $0.1883. My 141 shares will pay me $26.55 per month. Annually I will receive $318.60. If the stock drops a bit more than I will be able to drip a share, if that doesn’t happen I am ok with that. I am happy to collect $26.55 per month, after awhile I could buy another stock with the cash.

Well folks what do you think of my purchase? Would you invest in this stock?

Thanks for reading

Matthew

Third and Fourth Dividend Increases of the Year.

Hello everyone and thank you for stopping by. Today I am going to share with you a couple of raises I recently received. If you own the stocks then congrats on the raise.

The first increase I received was on February 8th and it was from BCE.

bellcanada_logo

About BCE

BCE Inc. is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada. Its Bell Wireline segment provides data, including Internet access and Internet protocol television (IPTV), local telephone, long distance, as well as other communications services and products to its residential, small and medium-sized business and large enterprise customers, primarily in Ontario, Quebec and the Atlantic provinces, while Satellite television (TV) service and connectivity to business customers are available nationally across Canada. Its Bell Media segment provides conventional, specialty and pay Television, digital media, and radio broadcasting services and out of home (OOH) advertising services to customers across Canada.

Source: (RBC Direct Investing)

Income

On February 8th BCE announced a 5.2% raise to it’s dividend.

At the time of this announcement I owned 110 shares of BCE. This is the 4th raise I have received since I first purchased the stock in 2014. My income will increase annually by $16.52.

The second raise I received was on February 15th by TransCanada.

transcanada-logo

About TransCanada

TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines and Energy. The Company operates in three businesses: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipelines and Liquids Pipelines segments principally consist of its respective natural gas and liquids pipelines in Canada, the United States and Mexico, as well as its regulated natural gas storage operations in the United States. The Energy segment includes its power operations and the non-regulated natural gas storage business in Canada. TransCanada PipeLines Limited (TCPL) is its principal operating subsidiary.

Source: (RBC Direct Investing)

Income

On Feb 15th TransCanada announced a 10.4% raise to it’s common dividend. This is also my 4 raise from the company. I currently own 102 shares and with this announcement my income will increase annually by $26.52.

Well folks with these two announcements my income increases by $43.04 in my opinion that is pretty darn good. I hope you own these stocks as well and congrats on the raises.

Thanks for reading

Matthew

 

Buying On The Dip Part One

bitcoin-roller-coaster

 

Hey everyone last week we seen some volatility on the stock market, a couple of days it was down then back up then down again. It was probably the most volatile week in a couple of years. I am in a three or four investing groups on Facebook and I noticed a few people deciding to sit and wait to see if the market would continue to fall which is a good strategy if you have patience. For me however I chose to buy, and that is what this post is about, I am going to share with you the purchases I made last week.

I made a total of 4 buys last week and all were stocks that I already own. With all of my purchases I was able to lower my average cost on each stock. I consider it a good buy whenever I can lower my costs.

On February 7th I made three buys and they are:

Buy #1 (In My TFSA Account)

3ec13-inter2bpipeline2blogo

About Inter Pipeline

 

Inter Pipeline is a major petroleum transportation, storage and natural gas liquids processing business based in Calgary, Alberta,Canada. We own and operate four business segments operating in western Canada and Europe. Our pipeline systems span over 7,700 kilometres in length and transport approximately 1.3 million barrels per day (b/d).

In Europe we operate 16 strategically located petroleum and petrochemical storage terminals that have a combined storage capacity of approximately 27 million barrels. Our NGL business is one of the largest in Canada, processing an average of 3 bcf/d in 2016, with the capacity to produce over 240,000 b/d of NGL.

Inter Pipeline’s extensive energy infrastructure base is strategically positioned to compete for future, accretive growth opportunities both locally and internationally. With a strong balance sheet and proven operational capability, Inter Pipeline is well positioned to continue to generate long-term positive results for our shareholders. Inter Pipeline is a member of the S&P/TSX 60 Index and common shares trade on the Toronto Stock Exchange under the symbol IPL.

Source: Company website

Back in 2016 when I first bought Inter Pipeline I purchased the shares at $22.78, well on Feb 7th the shares were trading at $22.50 which represented a good buying opportunity. The company has good management and continues to grow it’s earnings so I decided to buy.

The Buy

I purchased an additional 50 shares @$22.50 for a total cost of $1,134.99 including trading cost. With this buy I now have 181 shares. My new average cost is $22.70, my cost dropped $0.08 which isn’t much but it’s better then going up.

Dividend Income

Inter currently pays a monthly dividend of $0.14 so the additional 50 shares will pay me $7 per month and $84 annually. Also of note with this purchase I will now be able to drip 1 share of Inter in March if the stock remains at this price.

Buy #2 (In My RRSP Account)

Realty Income Corp

This is the second purchase of Realty Income Corp, the first buy was two weeks ago and you can read that here. When I purchased the stock the first time I paid $54 USD per share so when the price dipped to $50.57 I decided to buy once again.

The Buy

I purchased an additional 25 shares @$50.57 USD per share, the cost of the transaction was $1,613.89 trading fee included. The cost is high due to the exchange rate. I now own 47 shares and the cost drops from $54.02 to $52.18.

Dividend Income

The company currently pays a monthly dividend of $0.219 USD and the additional 25 shares will provide me $5.47 USD ($6.88 CDN) at current exchange rates. Annually I will receive $65.64 USD ($82.53 CDN).

Buy #3 (In My RRSP Account)

15-Johnson-Johnson-Logo-1024x182

With Johnson & Johnson it’s the same story as Realty Income Corp above. Two weeks ago I started a position in the company, then the shares dropped significantly so I decided to buy once again. Two weeks ago I purchased shares at $147 so when I seen the price drop to $132.43 I hit the buy button.

The Buy

I purchased an additional 8 shares @$132.43 per share, the total cost of the purchase was $1,364.05. Once again the cost is high due to the exchange rate. I now own 16 shares of JNJ at an average cost of $139.73.

Dividend Income

JNJ currently pays a quarterly dividend of $0.84 USD. So at current exchange rates my additional 8 shares will provide me $6.72 USD ($8.45 CDN) quarterly. Annually I will receive $26.88 USD ($33.80 CDN).

Buy #4 (In My TFSA Account)

3ec13-inter2bpipeline2blogo

On Feb 9th I once again decided to buy Inter Pipeline. After my first buy of the stock earlier in the week I continue to watch the stock price. On the 8th it rose a little bit but on the 9th it fell once again this time to $21.71. If I was willing to buy at $22.78 and $22.50 then I definitely was willing to buy at $21.71.

The Buy

I purchased an additional 50 shares @$21.71 per share, the total cost including trading fee was $1,134.99. I now own 231 shares and my average cost has dropped to $22.50. I knocked off $0.20 with this buy.

Dividend Income

This buy will provide me an additional $7 per month and $84 annually.

 

Well folks what do you think of my purchases? These buys will bring in an additional $284.33 in dividend income. This number will fluctuate somewhat due to the exchange rate and dividend increases (hopefully 🙂 ). Did you buy any stocks last week? Please feel free to let me know in the comment section.

Thanks for reading

Matthew

Buying On The Dip

January Net Worth $125,539.44 (-$1,102.33)

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Hello folks it’s time for me to share with you my net worth for January. January was a mixed month for me, my net worth declined for the month, but I also reduced my debt more than usual. All the numbers that I will share with you below are what I had at the end of January.

As I write this last week was such a volatile week for the stock market that I am happy with how January turned out for me. One of my goals for 2018 is to increase my net worth by $50k , I still have 11 months to try and achieve this.

All numbers are as of January 31st, 2018

January December Change
Cash & Savings $10,738.13 $10,642.29 $95.84
Investments $112,588.89 $114,643.64 -$2,054.75
Car $14,969.00 $15,343.00 -$374.00
Liabilities $12,756.58 $13,987.16 $1,230.58

Cash & Savings +$95.84

January December Change
Car Account $565.90 $733.96 -$168.06
Savings $2,803.58 $2,544.18 $259.40
Emergency Fund $7,368.65 $7,364.15 $4.50

Cash – $3,369.48 (+$91.34)

My cash only increased by $91 this month which isn’t a lot but I am happy with it. One reason why the increase was low, is because my car account reached $1,000 in January once it did that I withdrew the money and made an extra payment on my car. I will try and do this again in February.

Emergency Fund – $7,368.65 (+$4.50)

I did not touch my emergency fund in January and it collected $4.50 in interest.

Investments $112,588.89 (-$2,054.75)

January December Change
Locked in RRSP $3,995.89 $3,960.64 $35.25
TFSA $26,225.00 $25,989.00 $236.00
RRSP $82,368.00 $84,694.00 -$2,326.00

January was a down month for my investments. I believe due to the higher interest rates that the US Fed and Bank of Canada are announcing is having an impact on my portfolio. My utilities, telecom have been declining causing the negative month.

Car $14,969.00 (-$374.00)

I currently own a 2015 Hyundai Elantra GLS, I check the value every three months. In January I checked it and the value had dropped $374.00. The current value sits at $14,969.00. I will update this figure in my April update.

Liabilities – $12,756.58 (-$1,230.58)

January December Change
Credit Card $0.00 $0.00 $0.00
Car $12,756.58 $13,987.16 -$1,230.58

Car – $12,756.58 (-$1,230.58)

There was a big drop in my debt as I made an extra payment of $1,000 on my car. I’m that much closer to paying off my car 🙂

Total Net Worth

As you see there was a slight decrease in my net worth in January. With so much of my net worth tied to the stock market I can expect to see some swings up and down. In the future I will need to change this and start saving money in a bank account.

Well folks that wraps up my latest net worth post. How did you do in January? Was your net worth higher or lower?

Thanks for reading

Matthew

January 2018