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I received over $960 dividend income in April from 24 different high-quality companies.

For sure, it is an extra decent income for a middle-class income earner like myself.

Moreover, income is purely passive. I do not need to do anything from my end to bring this money to my brokerage accounts.

And, another amazing thing of this income streams is that it has been growing year-over-year.

In fact, my last month dividend income is 24.60% higher than the same period last year. Therefore, I will be receiving even high-income next year.

I hope that in one day in the future, I can substitute my day-job salary with this passive income stream by simply reinvesting those incomes to buy more cash generating assets. Even, I can accelerate the results by adding new money from my savings.

Actually, the compounding force is playing a major role to speeding up the process. As I mentioned main times in the past, it is one of the powerful tools to build massive wealth. It takes time to notice, but it will work.

I have been posting all my financial information, my successes and failures on this website so someone can learn from my experience and improve their financial situations.

In addition, I love to inspire and motivate people to start thinking about their financial future.

Now let’s back to fun part of numbers.

I received $967.74 dividend income in April 2019, and it is 24.60% higher than April 2019 which as $776.65.

Dividend income from Canadian stocks

    • CGX – $14.50
    • XRE – $9.75
    • NWH.UN – $3.33
    • NVU.UN – $9.51
    • FC – $7.80
    • DRG.UN – $3.33
    • CAR.UN – $3.45
    • REI.UN – $12.00
    • BEI.UN – $8.34
    • KPT – $18.00
    • T – $59.95
    • ALA – $12.00
    • BCE – $150.57
    • IPL – $7.12
    • KEY – $15.00
    • NWC – $16.50
    • VNR – $45.00
    • BNS – $134.85
    • CM – $49.00
    • AQN – $55.84
    • TD – $148.00
    • TRP – $150.00
    Total dividend I received from Canadian stock holdings: $933.84

    Dividend income from U.S stocks

    • VIG – $10.19
    Total dividend I received from U.S stock holdings: $10.19

    Dividend income from my International dividend portfolio

    • ZDH – $23.71
    • Total dividend I received from my International investment holdings: $23.71

    Total: $967.74

    Total dividend I received for year 2019: $3536.42

    Estimated passive income

    For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.

    My Estimated passive income is currently at $10 818.

    One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 43.27% of my goal.

    I am very happy with my results and achievements so far. I hope I am moving in the right direction toward my long term financial goals.

    Learn about finance, live within your mean, save and invest in high quality assets will help you reach your financial goals much earlier than you think.

    Thank you so much for your great support, encouragement, and being in my financial journey.

    The post Dividend income report – April 2019 appeared first on Finance Journey.

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    Intro..

    For those of you new to this website, in this post, I discuss the recent changes I made in my dividend portfolios, and sometimes I discuss my portfolio diversification strategies as well.

    Another month passed by with strong market return.

    Value of my investment assets continued to move higher in April and hit a new high. Therefore, it is time to be a little quiet and sharpening up my buying power by paying down my debts.

    I follow Warren Buffet’s famous quote of “Be fearful when others are greedy and greedy when others are fearful.”

    Actually, I purchased many stocks last December when the market was taking hard hit. To be honest, I did not catch the exact bottom, but I bought a few stocks much lower price than today’s value.

    In fact, I borrowed some money to buy them, as I did not have enough cash reserve to deploy.

    It was a risky move. Even I was a little nervous to do that. Nevertheless, I did it anyway.

    Most of the purchases performed well for the last four months and helped to increase my net-worth.

    Now, markets are near an all-time high. Thus, I should be a little quiet and paying down the debts so I can use them when opportunities arrive.

    At the same time, I did not want to interrupt the compounding growth. Therefore, I keep reinvesting some dividends and purchasing some investments.

    Compounding growth strategy is one of the best ways to build wealth for the long-term. It takes time but it will work for patient investors when you use it correctly.

    There are so many great books about this compounding wealth building strategy. As a dividend investor, my favorite one is ‘Get Rich with Dividend – A proven system for earning double-digit returns‘ by Marc Lichtenfeld.

    It is a U.S. book, but the concepts apply equally to Canadian stocks.

    If you are a dividend investor, then it one of the best book you should read.

    Now, let us look at the purchases I made last month.

    Canadian portfolio

    Last month, I purchased 10 shares TD bank stocks to bring my holding to 200 and bought 10 shares of Telus.

    U.S portfolio

    I did not make any changes in my U.S portfolio last month. A very quiet month.

    International Portfolio

    I added a few units of ZDH (Canadian hedged) international dividend ETFs to this portion.

    Currently, I have around $10000 in my international portfolio, which is still less than 5% of my investment value. I will continue to build these positions to diversify my assets.

    Here are the changes I made in my dividend portfolios in April 2019:

    Disclaimer..

    Please note the information posted on this website is the opinion of my own and should not be considered as professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at any time.

    Any transactions I publish on this website are not recommendations to buy or sell any securities or investments.

    Please do your own research or consult with a qualified financial professional before even considering using the information obtained from this website.

    The changes made in my Canadian portfolio in April 2019.

    • Added 10 shares of TD at $74.68
    • Added 10 shares of T (Telus) at $49.68

    No changes were made in my U.S dividend portfolio in April 2019.

    The changes made in my International dividend portfolio in April 2019.

    • Added 16 units of ZDH at $22.13 (average price)

    With recent changes and dividend hikes my yearly estimated passive income (EPI) hit to new high of $10818 in April 2019, with year-to-date gain around 7.79%.

    I have updated the portfolio pages with these changes.

    Commission FREE ETF purchases

    Are you wondering how I can execute small orders of ETSs? Thinking about commission fees?

    Actually, I use Questrade for all my ETFs purchases. There are no commission fees for ETFs purchases at Questrade. Therefore, we could buy one or any number of ETFs without paying any commission fees.

    This is a great way to deploy cash and invest for more cash-flow as soon as they come in.

    For those looking to start investing with little money, Questrade is one of the good options to consider because of their commission-free ETF program and minimum requirements to open an account.

    If you have a plan to open an account with Questrade, please accept my gift and take advantage of this $50 trade commission rebate (Offer code: pn21xkte).

    There is a trading charge of $4.95 when you sell ETFs. All the details are at the time of writing. If you have a plan to open an account at Questrade, please check all the information (including current commission fees) on their website and see if it is suitable online brokerage for your needs.

    Disclosure: Please note above is an affiliate link. Therefore, I will earn a commission if you use the above links to open an account at Questrade (at no additional cost to you).

    If you haven’t done so..

    Please don’t forget to join our FREE newsletter below and stay informed & get inspired.

    The post Dividend stocks portfolio – recent changes – April 2019 appeared first on Finance Journey.

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    Finance Journey by Finance Jouneny - 3w ago

    Welcome to my third net-worth update for the year 2019.

    A short intro for new readers

    If you are not new here, then you can simply skip to the next section.

    For those new to my finance journey, this net-worth update is a simple report I publish every month, which tracks the progress of my journey to reach my financial goals.

    My ultimate financial goal is to become a self-made millionaire by December 2024 (10 years plan). I have a strong belief that I can achieve this goal by saving and investing in high-quality dividend-paying blue-chip companies. I am also a strong believer of ‘compounding’ power, and I believe if I can push myself now and build a decent net-worth, then the ‘ compounding effect’ will give a heavy lifting in my later part of this journey.

    I am posting all my financial information on this website because I love to inspire and motivate people to start their own journey to reach their financial freedom. You could learn from my successes and failures (experience) and improve your financial knowledge.

    Along the way, I make financial mistakes and will share my experience here with you. So, you could learn something, avoid those mistakes and save money.

    Also, I like to publicly track my progress and get feedback from like-minded people.

    My net-worth

    My net-worth was up by $6000 or 2.51% in March 2019.

    Another month with a decent gain this year.

    Last month, the value of my assets increased by $8000, thanks to the stunning performance of the stock market and record dividend income of over $1200 in a single month.

    At the same time, my debts level also up by $2000 due to my bi-annual property tax due, plus some other unexpected expenses.

    I have been planning to reduce my debts for a while, but I am unable to do that due to some unexpected expenses. Expenses continue in April as well.

    Hopefully, I could start cutting some debts in May because I will be getting three paycheques and tax refund. We’ll see.

    Anyways, the value of my assets continues advancing, which puts me a few steps forward in the right direction. So, it is a big relief for me.

    Let’s see all the details in numbers:

    Net worth update as of March 31, 2019 (+2.51%)

    Assets: $568 100 (+$8000 )

    Disclaimer..

    Please note the information posted on this website is the opinion of my own and should not be considered as professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at any time.

    Any transactions I publish on this website are not recommendations to buy or sell any securities or investments.

    My financial situations, goals and risk tolerances will be much different than you. Therefore, please do your own research or consult with a qualified financial professional before even considering using the information obtained from this website.

    Liabilities: $323 100 (+$2000 )

    • Mortgage : $170 400 ( -$400 )

    • Student loan: $15 400 ( -$1400 )

    • Margin loan: $69400 (+$1300)

    • Credit card 1: $13400 +$3900 ) (low interest credit card – 0.99% special rate for 12 months – will be expired in January 2020)

    • Credit card 2: $4700 -$200 ) (low interest credit card – 0.99% special rate for 12 months – will be expired in February 2020)

    • Credit card 3: $17 700 ( -$200 ) (low interest credit card – 0.99% special rate for 12 months – will be expired in November 2019)

    • Credit card 4: $0 (paid-off) – a promotional offer at 0.99% special rate – expired in February 2019)

    • Credit card 5: $2300 ( -$100 ) – (low interest credit card – 1.99% special rate for 12 months – will be expired in October 2019)

    • Credit card 6: $9700 ( -$1000 ) – (low interest credit card – 0.99% special rate for 12 months – will be expired in September 2019)

    • Credit card 7: $700 ( +$200 ) – (regular expenses)- high interest rate of 19.99%.

    • Line of Credit 1 :$19400 ( -$100 ) – (low interest credit card – 3.00% special rate for 12 months – will be expired in December 2019 – renewed recently for another 12 months)


    Net worth : $245 000 ( +$6000 ) as of March 31, 2019

    My net worth was up by +2.51% since my last update.

    Note

    • all amounts are rounded to the nearest $100;
    • all numbers are in CAD; and
    • Conversion rate 1.00 USD = 1.3364 CAD

    I have a huge credit card debts because I take advantage of low balance transfer promotion rate and invest in high quality dividend stocks. Learn, earn, save,invest and leverage your skills are the keys to become wealth.

    Thank you so much for following my finance journey and for your great support.

    The post Net worth update – April 2019 appeared first on Finance Journey.

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    I received a record dividend of $1201 from 29 different income sources in March. The previous record was set in December 2018.

    Many of you know that I receive ‘fat’ dividends in March, June, September, and December.

    Due to recent purchases and dividend hikes, I could expect a record high dividend income in June.

    As of this writing, the Canadian stock market (TSX) is trading at an all-time high.

    Imagine how sentiments towards the stock have changed in a matter of months. Many investors were freaked-out and sold their holdings in December. Now the crown is back to the market and pushes the value to an all-time high.

    Just imagine the situation of those who sold their stocks in December. Now, they have to pay a higher price to get back to the market or they need to sit on the sideline and wait for another crash.

    Another crash may happen, but nobody can predict exactly when or how long it will take. Even during the crash, nobody can exactly predict the bottom.

    Therefore, invest in higher quality stocks and doing nothing is the best actions we can do.

    Actually, I am happy that the value of my assets has been increasing nicely; however, as an income-focused investor, I am fine with any market conditions.

    Whether market trading at all-time high or 52 weeks’ low, I will receive my income.

    Let’s get back to the numbers.

    I received $1201.28 dividend in March 2019, which is 14.86% higher than the dividend I received in March 2018.

    Summing up all the dividends I received in 2019, I came up with 2568.68. One of my short-term goals is to receive at least $10800 dividend income during the year of 2019. So far, I achieved 23.78% of my target.

    Dividend income from Canadian stocks

    • BAM.A – $26.53
    • CGX – $14.50
    • XRE – $10.65
    • BPY.UN – $87.52
    • BEP.UN – $85.36
    • BIP.UN – $199.97
    • NWH.UN – $3.33
    • NVU.UN – $9.51
    • FC – $7.80
    • DRG.UN – $3.33
    • CAR.UN – $3.32
    • REI.UN – $12.00
    • MFC – $5.31
    • BEI.UN – $8.34
    • CU – $109.90
    • ENB – $191.88
    • FTS – $105.75
    • ALA – $12.00
    • IPL – $7.12
    • KEY – $12.00
    • CNR – $69.88
    • H – $23.00
    Total dividend I received from Canadian stock holdings: $1009.00

    Dividend income from U.S stocks

    • NOBL – $21.62
    • DGRO – $45.54
    • SDY – $46.19
    • XOM – $16.40
    • WFC – $6.75

    Total dividend I received from U.S stock holdings: $136.50

    Dividend income from my International dividend portfolio

    • ZDH – $23.43
    • IDV – $32.35

    Total dividend I received from U.S stock holdings: $55.78

    Total: $1201.28

    Total dividend I received for year 2019: $2568.68

    Estimated passive income

    For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.

    My Estimated passive income is currently at $10735.

    One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 42.94% of my goal.

    I hope I have been moving in the right direction toward my long-term financial goals and I am very happy with my results so far.

    Learn about finance, live within your mean, save and invest in high-quality assets will help you reach your financial goals much earlier than you think.

    Thank you so much for your great support, encouragement, and being in my financial journey.

    If you haven’t done so, please subscribe to our FREE newsletter to stay inspired and also to keep in touch with us.

    The post Dividend income report – March 2019 appeared first on Finance Journey.

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    Intro..

    For those of you new to this website, in this post, I discuss the recent changes I made in my dividend portfolios, and sometimes I discuss my portfolio diversification strategies as well.

    We are officially in the 4th month of the year, but I still feel like we just welcome the new year a couple of days ago. Man! Time is flying, and It doesn’t stop for anyone for any reason. You could use it or lose it.

    In my investment point of view, 2019 is so far going well. I am sure there might be a bumpy ride ahead, but so far my journey is smooth.

    As usual, I slow down my asset purchases as markets are approaching their all-time high; however, I keep adding small positions here and there using the dividends I receive in my investment accounts.

    Special thanks to Questrade for its Commission-Free ETF purchase option, where I could buy any ETFs without paying commissions fees.

    Therefore, as long as I have enough money to buy one ETF, I will deploy my cash and purchase one unit. So, my money starts to work for me immediately.

    Canadian portfolio

    Last month, I received a takeover offer for one of my long-term holding in my Canadian investment account. The stock is Valener Inc (TSE: VNR).

    As a result, the stock price jumped over to $26. So, I decided to exit the position and the proceeds raised from the sale were used to invest in a few different stocks.

    I didn’t want interrupt compounding growth by taking some money out of the market. So, I decided to deploy the cash right way.

    VNR was a relatively small position in my portfolio, but it was paying a juicy dividend. To be honest, I don’t like these types of takeover offers because it is hard to find such high-quality companies in the Canadian market.

    Anyway, it is gone now.

    U.S portfolio

    In my U.S portfolio, I continue moving assets into my favorite dividend growth ETFs. I sold XOM and GIS and invested all the money into those ETFs. Also, a portion of the proceeds moved into one of my international ETF – IDV.

    International Portfolio

    I added a few units of ZDH (Canadian hedged) international dividend ETFs to this portion.

    Currently, I have around $10000 in my international portfolio, which is less than 4% of my investment assets value.

    I will continue to build these positions to diversify my assets.

    Here are the changes I made in my dividend portfolios in March 2019:

    Disclaimer..

    Please note the information posted on this website is the opinion of my own and should not be considered as professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at any time.

    Any transactions I publish on this website are not recommendations to buy or sell any securities or investments.

    Please do your own research or consult with a qualified financial professional before even considering using the information obtained from this website.

    The changes made in my Canadian portfolio in March 2019.

    • SOLD 150 shares of VNR at $26.00
    • Added 5 shares of TD at $72.90
    • Added 10 shares of BCE at $59.35
    • Added 5 shares of BNS at $71.10
    • Added 10 shares of NWC at $28.50
    • Added 10 shares of EMA at $50.55
    • Added 10 shares of T (Telus) at $49.65
    • Added 10 shares of H at $20.60
    • Added 25 shares of AQN at $15.16
    • Added 5 shares of CM at $106.40
    • Added 60 shares of KEY at $31.42

    The changes made in my U.S dividend portfolio in March 2019.

    • SOLD 25 shares of GIS at $50.60
    • SOLD 20 shares of XOM at $79.60
    • Added 13 units of SDY at $97.55
    • Added 4 units of NOBL at $66.30
    • Added 14 units of DGRO ETF at $36.07

    The changes made in my International dividend portfolio in March 2019.

    • Added 3 units of ZDH at $22.12 (average price)
    • Added 32 units of IDV at $31.20 (average price)

    With recent changes and dividend hikes my yearly estimated passive income (EPI) hit to new high of $10735 in March 2019, with year-to-date gain around 6.97%.

    I have updated the portfolio pages with these changes.

    Commission FREE ETF purchases

    Are you wondering how I can execute small orders of ETSs? Thinking about commission fees?

    Actually, I use Questrade for all my ETFs purchases. There are no commission fees for ETFs purchases at Questrade. Therefore, we could buy one or any number of ETFs without paying any commission fees.

    This is a great way to deploy cash and invest for more cash-flow as soon as they come in.

    For those looking to start investing with little money, Questrade is one of the good options to consider because of their commission-free ETF program and minimum requirements to open an account.

    If you have a plan to open an account with Questrade, please accept my gift and take advantage of this $50 trade commission rebate (Offer code: pn21xkte).

    There is a trading charge of $4.95 when you sell ETFs. All the details are at the time of writing. If you have a plan to open an account at Questrade, please check all the information (including current commission fees) on their website and see if it is suitable online brokerage for your needs.

    Disclosure: Please note above is an affiliate link. Therefore, I will earn a commission if you use the above links to open an account at Questrade (at no additional cost to you).

    If you haven’t done so..

    Please don’t forget to join our FREE newsletter below and stay informed & get inspired.

    The post Dividend stocks portfolio – recent changes – March 2019 appeared first on Finance Journey.

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    Finance Journey by Finance Jouneny - 2M ago

    Welcome to my second net-worth update for the year 2019.

    A short intro for new readers

    If you are not new here, then you can simply skip to the next section.

    For those new to my finance journey, this net-worth update is a simple report I publish every month, which tracks the progress of my journey to reach my financial goals.

    My ultimate financial goal is to become a self-made millionaire by December 2024 (10 years plan). I have a strong belief that I can achieve this goal by saving and investing in high-quality dividend-paying blue-chip companies. I am also a strong believer of ‘compounding’ power, and I believe if I can push myself now and build a decent net-worth, then the ‘ compounding effect’ will give a heavy lifting in my later part of this journey.

    I am posting all my financial information on this website because I love to inspire and motivate people to start their own journey to reach their financial freedom. You could learn from my successes and failures (experience) and improve your financial knowledge.

    Along the way, I make financial mistakes and will share my experience here with you. So, you could learn something, avoid those mistakes and save money.

    Also, I like to publicly track my progress and get feedback from like-minded people.

    My net-worth

    My net-worth was up by $10 100 or 4.4% in February 2019.

    It is a decent move in the right direction after a huge increase in January.

    Markets continue advancing and getting closing to the previous all-time high despite the concern about the slowing economies around the world.

    Market volatilities are relatively low for the last two months; however, many analysts predict that it won’t last long due to the uncertainties surrounding the economy.

    As usual, investors look for safe heavens that increase the bond price, and that leads to lower bond yields!

    As a result, income-focused investments become attractive once again, and my investment portfolios built with dividend growth stocks have been performing well.

    A couple of months ago, rate-sensitive sectors took a hard hit, many investors dumped their holdings and moved their money to growth stocks because they were expecting a sharp increase in interest rate; however, it did not happen.

    Now, growth is slowing down and rates are not moving up. So, they are coming back to ‘safe’ stocks, and most of the investors are paying a much higher price to get back to the game.

    Bad timing for them!

    I don’t make any significant changes in my portfolios based on predictions and guess works. I’ve been in the game from the beginning. I have seen lots of ups and downs – some of them were significant, but I did not make any changes.

    In fact, I was a buyer and able to build some positions at a discounted price (FTS, EMA, TRP, BCE, etc.) while everyone was selling.

    Now, they are paying off well. Glad I stick with my longer-term plan.

    Anyways, I am in the accumulating stage. For me, the lower the price is better as I get more dividend for every dollar I put to work.

    I will keep adding high-quality stocks to my portfolio without worrying about short-term movements of the stock prices.

    Let’s see all the details in numbers:

    Net worth update as of February 28, 2019 (+4.40%)

    Assets: $560 100 (+$9800 )

    Disclaimer..

    Please note the information posted on this website is the opinion of my own and should not be considered as professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at any time.

    Any transactions I publish on this website are not recommendations to buy or sell any securities or investments.

    My financial situations, goals and risk tolerances will be much different than you. Therefore, please do your own research or consult with a qualified financial professional before even considering using the information obtained from this website.

    Liabilities: $321 100 (-$300 )

    • Mortgage : $170 800 ( -$500 )

    • Student loan: $16 800 ( -$500 )

    • Margin loan: $68100 (+$1300)

    • Credit card 1: $9500 +$9500 ) (low interest credit card – 0.99% special rate for 12 months – will be expired in January 2020)

    • Credit card 2: $4900 +$4900 ) (low interest credit card – 0.99% special rate for 12 months – will be expired in February 2020)

    • Credit card 3: $17 900 ( -$200 ) (low interest credit card – 0.99% special rate for 12 months – will be expired in November 2019)

    • Credit card 4: $0 (-$13 700) – a promotional offer at 0.99% special rate – will expire in February 2019)

    • Credit card 5: $2400 ( -$500 ) – (low interest credit card – 1.99% special rate for 12 months – will be expired in October 2019)

    • Credit card 6: $10 700 ( -$200 ) – (low interest credit card – 0.99% special rate for 12 months – will be expired in September 2019)

    • Credit card 7:$500 ( -$300 ) – (regular expenses)- high interest rate of 19.99%.

    • Line of Credit 1 :$19500 ( -$100 ) – (low interest credit card – 3.00% special rate for 12 months – will be expired in December 2019 – renewed recently for another 12 months)


    Net worth : $239 000 ( +$10100 ) as of February 28, 2019

    My net worth was up by +4.40% since my last update.

    Note

    • all amounts are rounded to the nearest $100;
    • all numbers are in CAD; and
    • Conversion rate 1.00 USD = 1.3176 CAD

    I have a huge credit card debts because I take advantage of low balance transfer promotion rate and invest in high quality dividend stocks. Learn, earn, save,invest and leverage your skills are the keys to become wealth.

    Thank you so much for following my finance journey and for your great support.

    The post Net worth update – March 2019 appeared first on Finance Journey.

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    In February, I received over $450 dividends from 23 different companies.

    As I always say, it is an amazing feeling to see cash coming to our brokerage accounts for the past work we did.

    Even more amazing that the income is growing and it is highly diversified.

    I am not a rich person (yet) and I don’t have a job with six figures salary, but I have a dream to become rich and live the life I always wanted.

    In other words, I want to be financial independence so I can spend my time for the things that I love to do and living the life with purpose, rather trading my time, limited quantity, for money.

    Currently, I am trading my time for money, but I am on my way to achieve my dreams.

    I am pushing myself to take steps in the right direction. I always think about how I could improve my income, especially my passive income, so I could start living my dream life at the earliest possible age.

    Last month dividend is just a small when looking it as a number. But, it is compounding faster years-over years because I am simply reinvesting the cash and buying more income producing assets.

    As a result, next quarter I will be receiving a slightly bigger amount and I will keep reinvest them and buy even more assets.

    And, if I continue to do this for a couple of years, then I could easily replace my day job salary with my dividend income.

    Meantime, I will need to work for someone for money to meet my needs.

    Plus, I will need to make a small sacrifice and delay gratification to focus on my bigger goal of financial independence.

    Once I reach the goal, I really hope that my life will be much different.

    On this website, I have been documenting my financial independence journey and posting all my financial information because I really wanted to show that anything is possible for anyone as long as they have a right mindset, and also I love to motivate people to start thinking about their dreams and life goals.

    Please understand that if I can do this with my moderate salary, then you can do it too. All you need to do is find your life purpose, dream big, set goals and most importantly take action to get there.

    As always, I strongly encourage readers to consult a qualified financial adviser, consider potential tax implications and to do their own proper due diligence before taking any information from this website.

    Let’s get back to the numbers.

    I received $459.59 dividend in February 2019, which is 8.66% higher than the dividend I received in February 2018.

    Summing up all the dividends I received in 2019, I came up with $1367.40. One of my short-term goals is to receive at least $10800 dividend income during the year of 2019. So far, I achieved 12.66% of the goal.

    Dividend income from Canadian stocks

    • CGX – $14.50
    • XRE – $10.65
    • NWH.UN – $3.33
    • NVU.UN – $9.51
    • FC – $7.80
    • DRG.UN – $3.33
    • CAR.UN – $3.33
    • REI.UN – $12.00
    • ZDH – $12.28
    • PWF – $64.95
    • BEI.UN – $8.34
    • ALA – $12.00
    • EMA – $52.88
    • IPL – $7.12
    • KEY – $6.00
    • RY – $98.00
    • BMO – $65.00
    Total dividend I received from Canadian stock holdings: $397.02

    Dividend income from U.S stocks

    • WFC – $6.75
    • OHI – $13.20
    • KMI – $10.00
    • CVS – $7.50
    • GIS – $12.25
    • T – $18.87

    Total dividend I received from U.S stock holdings: $68.57

    Total: $459.59

    Total dividend I received for year 2019: $1367.40

    Please note that I do not convert dividends received from U.S stocks to Canadian dollar, and I use a 1 to 1 currency rate approach to keep the math simple and avoid fluctuations in my dividend income reports due to changes in the exchange rate.

    Estimated passive income

    For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.

    My Estimated passive income is currently at $10600.

    One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 42.40% of my goal.

    I am very happy with my results and achievements so far. I hope I am moving in the right direction toward my long term financial goals.

    Learn about finance, live within your mean, save and invest in high quality assets will help you reach your financial goals, and the process is much earlier than you think.

    Thank you so much for your great support, encouragement, and being in my financial journey.

    The post Dividend income report – February 2019 appeared first on Finance Journey.

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    Intro..

    For those of you new to this website, in this post, I discuss the recent changes I made in my dividend portfolios, and sometimes I discuss my portfolio diversification strategies as well.

    Another month passed with amazing results. My dividend portfolios continue to make progress in the right direction.

    Weather-wise, I hate February, but in investment point of view, I love the month. Most of my big holding have reported their Q4 results last month and also hiked dividends.

    Recent purchases and dividend hikes helped to boost my estimated passive income (EPI) by over $400. I didn’t expect this kind of growth in my EPI, but it happened.

    Actually, I am very happy about the results and a couple of steps closer to my long-term goals.

    Last month, I just made two purchases in my Canadian portfolio. It is getting harder to find bargains as the market continues moving higher and higher.

    So, I simply reinvested the dividends and put more focus on improving my buying power. This way I could hunt bargains when the market swings back to the south. This strategy works well for me for the last couple of years.

    In my U.S portfolio, I continue to de-risking by selling individual stocks and using the money to buy favorite dividend growth ETFs.

    As you can see, my U.S portfolio is relatively small compare to Canadian portfolio, which is only 17.12% of my investment. Also, due to the unfavorable currency exchange rate, I little hesitate to move money into the U.S market.

    Thus, having individual stocks in a smaller size portfolio is very risky and hard to diversify. So, I decided to keep the money in 4 different dividend growth ETFs for a while.

    In addition, I am looking for a way to invest in the U.S market using some Canadian dollar (hedged) ETFs. BMO US Dividend Hedged to CAD ETF (TSE: ZUD) is my radar. I will continue to see other options as well.

    I had 31 Unilever PLC (NYSE: UL) shares in my U.S dollar TFSA account. I decided to sell it for a hefty profit and brought the money back to Canadian dollar TFSA to purchases ZDH ETF. I had a good gain with the trade, plus the added benefit of U.S dollar appreciation against CAD.

    Plus, I separated international investments from Canadian & U.S portfolio for reporting purpose.

    So, I created a new page for the international holdings. After the sale of Unilever, I have just two ETFs in this section.

    Currently, I have around $8900 in international investment, which is only 3.5% of my investment assets. I will continue adding money into this section to diversify my investment assets.

    Here are the changes I made in my dividend portfolios in February 2019:

    Disclaimer..

    Please note the information posted on this website is the opinion of my own and should not be considered as professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at any time.

    Any transactions I publish on this website are not recommendations to buy or sell any securities or investments.

    Please do your own research or consult with a qualified financial professional before even considering using the information obtained from this website.

    The changes made in my Canadian portfolio in February 2018.

    • Added 10 shares of BNS at $73.25
    • Added 20 shares of KEY at $27.75

    The changes made in my U.S dividend portfolio in February 2019.

    • SOLD 15 shares of WFC at $49.18
    • Added 2 units of SDY at $97.61
    • Added 2 units of NOBL at $65.65
    • Added 3 units of DGRO ETF at $35.93

    The changes made in my My International dividend portfolio in February 2019.

    • SOLD 21 shares of UL at $54.80
    • Added 120 units of ZDH at $21.75 (average price)
    • Added 11 units of IDV at $30.80

    With recent changes and massive dividend hikes in February helped to my boost my yearly estimated passive income (EPI) to $10600, with year-to-date gain around 5.62%.

    I have updated the portfolio pages with these changes.

    Commission FREE ETF purchases

    Are you wondering how I can execute small orders of ETSs? Thinking about commission fees?

    Actually, I use Questrade for all my ETFs purchases. There are no commission fees for ETFs purchases at Questrade. Therefore, we could buy one or any number of ETFs without paying any commission fees.

    This is a great way to deploy cash and invest for more cash-flow as soon as they come in.

    For those looking to start investing with little money, Questrade is one of the good options to consider because of their commission-free ETF program and minimum requirements to open an account.

    If you have a plan to open an account with Questrade, please accept my gift and take advantage of this $50 trade commission rebate.

    There is a trading charge of $4.95 when you sell ETFs. All the details are at the time of writing. If you have a plan to open an account at Questrade, please check all the information (including current commission fees) on their website and see if it is suitable online brokerage for your needs.

    Disclosure: Please note above is an affiliate link. Therefore, I will earn a commission if you use the above links to open an account at Questrade (at no additional cost to you).

    If you haven’t done so..

    Please don’t forget to join our FREE newsletter below to stay informed & get inspired.

    The post Dividend stocks portfolio – recent changes – February 2019 appeared first on Finance Journey.

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    Last updated: March 02, 2019

    My principal goal for this portfolio is to create sustainable passive income from high-quality international dividend stocks. I hope that showing my investments on my blog helps me to track my holding, stay focused, share ideas, and especially receive feedback from like-minded investors.

    I will update my portfolio every month with the changes.

    Please note: The information posted on this website are the opinion of my own and should not be considered professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at any time. The information published on this website is not recommendations to buy or sell any securities/investments.

    My financial situations, goals and risk tolerances are unique and most likely different than yours. And, taking any advises from internet strangers like me is the recipe for disaster.

    As I always say, please do your own research or discuss with a qualified financial advisor before make any financial decisions. Currently, I have 2 International ETFs in this portfolio.

    My International ETFs as of March 02, 2019
    ETF name & Symbol # of holding
    iShares International Select Dividend ETF (IDV) (in U.S dollar) 80
    BMO International Dividend Hedge to CAD ETF (TSE:ZDH) (in Canadian dollar) 252

    The post My International dividend portfolio appeared first on Finance Journey.

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    Welcome to my first net-worth update for the year 2019.

    A short intro for new readers

    If you are not new here, then you can simply skip to the next section.

    For those new to my finance journey, this net-worth update is a simple report I publish every month, which tracks the progress of my journey to reach my financial goals.

    My ultimate financial goal is to become a self-made millionaire by December 2024 (10 years plan). I have a strong belief that I can achieve this goal by saving and investing in high-quality dividend-paying blue-chip companies. I am also a strong believer of ‘compounding’ power, and I believe if I can push myself now and build a decent net-worth, then the ‘ compounding effect’ will give a heavy lifting in my later part of this journey.

    I am posting all my financial information on this website because I love to inspire and motivate people to start their own journey to reach their financial freedom. You could learn from my successes and failures (experience) and improve your financial knowledge.

    Along the way, I make financial mistakes and will share my experience here with you. So, you could learn something, avoid those mistakes and save money.

    Also, I like to publicly track my progress and get feedback from like-minded people.

    My net-worth

    My net-worth was up by $24 300 or 11.88% in January 2019.

    My net worth rebounded sharply after the massive drop in December – increased by $24 300 in a single month, thanks to Canadian stock market performance.

    So far, it is my record net-worth gain in a month.

    It may look amazing gain for some of you, but it is not.

    I will tell you why.

    My net-worth up by $24 300 in January. When you subtract December drop of $12 100 and house price appreciation of $5600 from it, then my actual gain is just $6600.

    So, it is just an average gain if you just look at the numbers for last 3 months.

    Anyways, my net-worth back on track, and keep moving forward toward my long-term financial goal.

    My overall portfolio value is getting close to $250K. So, these types of gains & losses will be pretty normal in my journey.

    House price appreciation

    As many of you already know, I adjust my house price every January by 2% – with the average inflation rate.

    My house value is much higher than the price I posted here; but I wanted to be more conservative with my house value because there are a lot of uncertainties surrounding with Canadian housing market.

    Debts

    I was able to reduce some debts last month as I didn’t make any massive assets purchases.

    The stocks markets have been performing well in February as well. Therefore, I better be quite and focus on debt reduction so I could buy more stocks when they hit in next market down cycle.

    Dividend growth

    My big holdings have posting their quarter results and hiking their dividends in February

    As a result, my estimated passive income increased by a couple of hundreds dollars in February alone.

    The compounding effect starts to work for me. I can experience it.

    Looking forward to update the information in the coming days.

    Now let’s see all the details in numbers:

    Net worth update as of January 31, 2019 (+11.88%)

    Assets:$550 300 (+$23000 )

    Disclaimer..

    Please note the information posted on this website is the opinion of my own and should not be considered as professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at any time.

    Any transactions I publish on this website are not recommendations to buy or sell any securities or investments.

    My financial situations, goals and risk tolerances will be much different than you. Therefore, please do your own research or consult with a qualified financial professional before even considering using the information obtained from this website.

    Liabilities: $321 400 (-$1300 )

    • Mortgage : $171 300 ( -$400 )

    • Student loan: $17 300 ( -$600 )

    • Margin loan: $66 800 (+$1000)

    • Credit card 1: $0 (-$400) (low interest credit card – 1.99% special rate for 8 months – will be expired in January 2019)

    • Credit card 2: $0 (no change) (low interest credit card – 2.99% special rate for 12 months – will be expired in January 2019)

    • Credit card 3: $18 100 ( -$200 ) (low interest credit card – 0.99% special rate for 12 months – will be expired in November 2019)

    • Credit card 4: $13 700 (no change) – a promotional offer at 0.99% special rate – will expire in February 2019)

    • Credit card 5: $2900 ( -$100 ) – (low interest credit card – 1.99% special rate for 12 months – will be expired in October 2019)

    • Credit card 6: $10 900 ( -$100 ) – (low interest credit card – 0.99% special rate for 12 months – will be expired in September 2019)

    • Credit card 7:$800 ( -$400 ) – (regular expenses)- high interest rate of 19.99%.

    • Line of Credit 1 :$19600 ( -$100 ) – (low interest credit card – 3.00% special rate for 12 months – will be expired in December 2019 – renewed recently for another 12 months)

    • HELOC: $0

    Net worth : $228 900 ( +$24 300 ) as of December 31, 2018

    My net worth was up by +11.88% since my last update.

    Note

    • all amounts are rounded to the nearest $100;
    • all numbers are in CAD; and
    • Conversion rate 1.00 USD = 1.3144 CAD

    I have a huge credit card debts because I take advantage of low balance transfer promotion rate and invest in high quality dividend stocks. Learn, earn, save,invest and leverage your skills are the keys to become wealth.

    Thank you so much for following my finance journey and for your great support.

    The post Net worth update – February 2019 appeared first on Finance Journey.

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