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MoneyMaaster.com by Jordan @ Moneymaaster.com - 2w ago
Monthly Update

Holy smokes, what a crazy month!  My son turned 2, I won a trip to St.Louis, I finally tried a glass of Pappy Van Winkle Bourbon and my website traffic blew up…more on all that later!

Personal Highlights for April:

  • I won a trip to St.Louis from the Winnipeg Jets.  The trip included airfare for 2, playoff tickets, hotel stay and $250 USD spending cash.  I wrote a detailed post about my trip, the highlights, and more – which you can read HERE
  • The post I wrote about St.Louis and my trip went semi viral in St.Louis.  It was shared over 1600 times on Facebook, trending on Reddit, and there were even radio stations in St. Louis talking about the post.  This resulted in my highest ever web traffic (BY FAR).  With 1 day left in the month: Views = 49,264!!!
  • I checked an item off my bucket list.  While in St.Louis I was finally able to to try a pour of Pappy Van Winkle’s Bourbon.  This stuff is so ridiculously rare, that it resells for THOUSANDS of dollars per bottle.  The 1 ounce cost $75 USD…luckily my good friend who I took on the trip with me paid for it. It was real good, but I wouldn’t pay that much again.  That said, if I can ever find it at MSRP (Around $150/bottle) I’d definitely buy it.
  • Went to 4 of the 6 Jet’s playoff games, before they got eliminated.  I decided to NOT renew my seats for next year.  I’ve had a pair of season tickets for the last 8 years.  I still plan on going to some games, I just won’t be committed to finding people to buy games I can’t make it to.
  • We decided to Buzz Isaac’s hair, it grows so fast, and he hates going to get it cut professionally so we got his Aunt to do it (and he loved it).  Here is a pic of the 2 rugrats at Easter showing off Isaac’s new hairdo:
  • I was featured in a Winnipeg Free Press article (our biggest newspaper) about Millenials/Investing.  You can read that HERE
  • Bought my 3 year old daughter her first pair of Soccer Cleats, shinpads and socks.  Her first soccer practice/game is this Thursday – and I will be helping coach!
  • My Son turned 2, and we threw him a little Birthday party.  As usual, my sister in law made the cake, and it was awesome:

Financial Highlights for April:

  • Continued bi weekly payments into spousal RRSP  (30 units of US Equity Index Fund)
  • Got our tax refunds back. Should be getting my $1500 Winnipeg Jets seat deposit back soon too.
  • Paid dividends from 7 companies, and 1 fund.  Dripped a total of 30 new shares.
  • Revived first dividend/drip from an individual stock in RRSP (Transcontinental)
  • Portfolio hit an all time high

Passive Income Update For April 2019.

TFSA’S:

Diversified Royalty: $9.79 (dripped 3 shares)

Algonquin Power: $154.99 (dripped 10 shares)

Artis Reit: $27.00 (dripped 2 shares)

Interrent Reit: $2.49

Plaza Reit: $27.74 (dripped 6 shares)

Chorus Aviation: $11.44 (dripped 1 share)

TFSA’s Total: $ 233.45

RRSP:

Canadian Equity Income Distribution: $229.74 (dripped 7.5 new units)

Transcontinental: $27.50 (dripped 1 share)

Total Passive Income April 2019:  $490.69

Portfolio Update:

Another decent month overall.  My portfolio hit an all time high as it went up 3.15% from last month’s previous high.

Total passive income in April was $490.69.  This is down slightly from last April (due to Artis dividend cut).

My portfolio currently sits at: $338,993.39.  This represents an increase of 11.45% YoY.

Thanks for reading, Cheers!

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MoneyMaaster.com by Jordan @ Moneymaaster.com - 3w ago

About 3 weeks ago(before the playoffs started), I posted my NHL Playoff predictions.  You can see the full predictions here:

https://moneymaaster.wordpress.com/2019/04/08/nhl-playoff-predictions-go-jets-go/

Guess what happened…..

I managed to get EVERY SINGLE SERIES……….WRONG.

That’s right – I’m not sure why,  but i’m somehow impressed with myself.

Since my Jets are out – I’ll be rooting for a St.Louis/BlueJackets or St.Louis/Canes final.

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MoneyMaaster.com by Jordan @ Moneymaaster.com - 1M ago
NHL Playoff Hockey Is Back!

The NHL regular season is behind us. Everything that was accomplished since October means nothing.  There are 16 teams left, and each one of them is just 16 wins away from hoisting the Cup!

I decided to take a stab at predicting each round (I may be slightly biased).

I have all 3 Canadian teams making it out of round 1.

Western Conference Round 1 Predictions

As long as their goal-tending is even AVERAGE – Calgary should be able to overpower Colorado.  Calgary has too good of a defence and too much firepower up front to bow out in round 1.  Colorado has an amazing first line – but after that – their team is average at best.

Calgary in 5

San Jose vs Vegas should be a fun series to watch.  Burns & Karlsson will give Vegas a good fight – but I expect Fleury will come through and backstop his team to another playoff series win.

Vegas in 7

I have both Nashville & Winnipeg winning, however it wouldn’t surprise me if both get knocked out in the first round.  Since just before Christmas, both these teams have really started sucking major ass.  At the start of the season, these 2 were both expected to be Stanley Cup Favourites – but oh how the mighty have fallen.  That said, I think both of them scrape by their first round matchups and make it through so we can see an epic rematch from last year.

Nashville in 6

Jets in 5 (more on the Jets Below)

Eastern Conference Predictions

Tampa should dominate Columbus – which will be hilarious considering Columbus sacrificed their future for a deep playoff run this year.  Plus who doesn’t like seeing Tortorella losing his mind.

Tampa in 5

Even though I think Barry Trotz should win Coach of the year- I think Crosby, Malkin & Kessel are just too damn good.  I expect an early exit for the Islanders.

Penguins in 6

The champs from last year have a decent match up. It will be the experienced Caps against the “bunch of Jerks”.  Although I would LOVE to see the Hurricane’s upset the Capitals..I just don’t see it happening.

Caps in 5

Toronto Vs Boston.  This is the round 1 Matchup on the East I am most looking forward to.  This one can go either way – I’ve always hated the leafs, but I’m actually rooting for them.  They’ve come along way, and have some players that are so much fun to watch (Tavares & Marner in particular).

Leafs in 6 (probably 7)

Why the The Jets Will Win The Stanley Cup

Okay…Obviously I chose with my heart probably a bit more than my brain…but as my father always says…YOU GOTTA BELIEVE!

Lately, I haven’t been too excited about the Jet’s chances – they have been playing like shit since Christmas.  That said, there are a few reasons for optimism:

  1. The big man is back.  Dustin Byfuglien is a game changer.  He has played a few games since returning from his injury – and should be 100% for game 1.  We all know what he can do when he get’s pumped up – and playing at home, in front of the WHITE OUT, should get him pumped up pretty damn quick!

  2. Josh Morrissey should also be ready for game 1.  In my opinion he is the best defenceman on the team.  He is extremely underrated, and great at both ends of the ice.  Being able to play him and Trouba together 20-25 mins a game is just what this team needs. When the Jet’s lost Byfluglien to injury it hurt – but when they lost Morrissey – the team straight up fell apart.
  3. The White Out.  There really is quite nothing like it.  Home ice advantage in one of the loudest arenas in the league.  I cannot wait until Wednesday!

    Side Note- The guy in the custom Jets White out Vader mask is a friend of mine!
  4. Mark Scheifele is a playoff beast.  Last year he had 20 points in 17 playoff games – including a whopping FOURTEEN goals!  He has slowed down near the end of the season, but I fully expect him to rip it up in the post season.
  5. Helly getting hot at JUST the right time.  Everyone knows goalies win playoff series.  Although he hasn’t had nearly as good as a season as last year – he is rounding into form just at the right time!  He finished March with a .926 Save %.  (His best month all year).
  6. Let’s face it -this has been a brutal season for Laine (and he still scored 30 goals).  The good news – he can only go up from here!  If Laine can score a goal or two in the first game, he could very well lead the entire playoffs in goals.  Just need the kid to get hot at the right time – and what better time then Wednesday!

    Go Jets Go!

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Monthly Dividend Update

Happy April!  Almost all the snow is gone, the birds are out and about and NHL Playoffs are only a week and half away!  Unfortunately the Jets have been playing like shit for the last few months..oh well.

Personal Highlights for March:

  • Played the last few games of our indoor soccer season.  Not sure if I am going to play over the summer or not yet.  I registered my daughter (3 years old) for soccer, so she will start in May!
  • Amber and I went to the last Jets home game of the year- and met up with some friends before and after for dinner & drinks.  The game was a stinker – but had a good time nonetheless.
  • Completed, Filed and Received our income tax rebates!  I can’t say enough good things about SIMPLETAX.  I always used Turbotax in the past (which is a fine program as well) – but going forward I will definitely continue to use Simpletax!  No referral links/codes – just a genuine review of a great product!
  • Now that the weather is finally getting nice – have started the yard cleanup, and have been able to play with the kids outside a lot more.  It’s supposed to be +14 on Saturday! Can’t wait!
  • Website traffic hit an all time high for the third month in a row!  I’m starting to see a lot more organic search traffic which is nice.

Financial Highlights for March:

  • Continued bi weekly payments into spousal RRSP  (30 units of US Equity Index Fund)
  • Stopped automatic contributions into my RRSP, and am now putting that cash into my TFSA.
  • I was paid by 8 companies and 1 funds.  I Dripped 43 new shares/units.
  • Portfolio hit an all time high

Passive Income Update For March 2019.

TFSA’S:

Diversified Royalty: $9.73 (dripped 3 shares)

Western Forest: $42.32 (Dripped 22 shares)

Artis Reit: $28.91 (dripped 2 shares)

Interrent Reit: $2.49

Plaza Reit: $27.60 (dripped 6 shares)

Power Corp: $79.84 (dripped 2 shares)

Chorus Aviation: $11.40 (dripped 1 share)

Intertape Polymer: $51.47

TFSA’s Total: $253.76

RRSP:

Canadian Equity Income Distribution: $228.95 (dripped 7 new units)

Total Passive Income March 2019:  $482.71

Portfolio Update:

Another decent month overall.  My portfolio hit an all time high as it went up 1.30% from last month’s previous high.

Total passive income in March was $482.71.  This is an increase of 21% from last March.

My portfolio currently sits at: $328,589.82.

Thanks for reading, Cheers!

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Stock & ETF Analysis

I decided it would be a fun exercise to go through my portfolio, and look at some of the stocks & funds I currently own.  The goal is to give a quick analysis on how it’s performed so far, take a look at how it is positioned for the future, and determine if I should continue to hold, add to my position or get rid of it.

Let’s start with a couple of funds I own, and then dig into a few individual stocks.

  1. XAW:

What it is: A low cost(0.22% MER), diversified (over 8000 companies) equity ETF that owns stocks from all around the world EXCEPT Canada.

Why I bought it: I owned a lot of Canadian funds/stocks. I was looking for an easy way to diversify.  I don’t have the time to analyse thousands of US & Global stocks, so I wanted an easy to manage solution.

Snapshot:

FUND/STOCK XAW
Average Purchase Price $25.07
Current Price $25.75
% Gain or (Loss) 2.68%
# of shares originally purchased 2438
Total Shares Dripped 54
2018 Dividends/Distribution Received $1,329.88
Buy, Sell, Hold? Hold

Final Thoughts: I’ve only owned this for about a year.  The funds were originally invested in a high cost global mutual fund with mediocre returns.  I was impressed with the low MER, and past performance of XAW so I transferred the funds over.  So far I’ve been pretty happy with the move.  I am not currently adding any cash to this as it is in my RRSP, and I am currently in the process of reducing my RRSP contributions.

I will continue to hold & DRIP shares of this – most likely until retirement barring any major changes.  In 2018, XAW distributed $1329.88 to me which resulted in 54 new shares.

I’ve recommended this fund to a few friends and coworkers, who were sick of paying high fees, in different funds their banks had recommended.  Just remember, there is no Canadian exposure – so if you don’t already have Canadian Equity exposure, this may not be for you.

2. RBC CANADIAN EQUITY INCOME FUND

What it is:  This is your every day mutual fund.  It holds Canadian stocks, and pays a monthly distribution.  I own the “D” series of this stock, meaning I purchased it myself directly, so the management fee is slightly lower.  The current Series D MER on this fund is 1.04%.  Typically I wouldn’t be happy paying a fee this high, however I love this fund, even after the 1.04% fee, it has returned great results.  I’ve owned this fund for close to 10 years, however the results below will only show the last year (since I moved it to my direct investing).  The funds to year return (after fees) is 15.12%!

Why I bought it: If I am being honest, I don’t remember exactly why I chose this fund. I was in my early 20’s,  but I started contributing to it when I was young, and continued for the last 9 years.  I’ve since stopped adding to my position, however I still DRIP quite a few shares each month.

Snapshot:

FUND/STOCK RBC CA EQUITY
Average Purchase Price $28.61
Current Price $29.53
% Gain or (Loss) 3.21%*
# of shares originally purchased 2141
Total Shares Dripped 114
2018 Dividends/Distribution Received $3236.96
Buy, Sell, Hold? Hold/Buy

*My returns are actually closer to 13%.  About a year ago, I switched it from the Series A (higher fee) fund to the direct investing option, so my returns below will only show the last 14 months after I transferred my shares.

Final Thoughts: I can’t say enough good things about this fund.  I’ve owned it for a decade, and even though I’ve paid a lot in fees to own it – the returns have been spectacular.  I’ve yet to find a similar Canadian fund with better returns over a large enough sample size.  Although I am not contributing any new money to this currently, I am adding over 100 shares each year via DRIP.  This fund provides a nice monthly payout and has continually provided capital appreciation as well.

3. ALGONQUIN POWER & UTILITIES

What it is: Algonquin Power & Utilities Corp. is a renewable energy and utility conglomerate with assets across North America. Algonquin actively invests in hydroelectric, wind and solar power facilities, and utility businesses.

Why I bought it: I had heard a lot of people discussing this stock a few years ago, so I checked it out.  At the time it was trading around $9.00.  I had recently sold off all my oil stocks, and wanted to get into a “cleaner” energy stock.  Algonquin had (and still has) a history of raising their dividend, and growing their revenues via acquisitions.  The dividend is paid in $USD which is nice too!  I actually purchased this on 2 separate occasions.  My first purchase was around $9.95, and my most recent was around $12.00.

Snapshot:

FUND/STOCK AQN
Average Purchase Price $11.87
Current Price $14.96
% Gain or (Loss) 26.01%
# of shares originally purchased 858
# of shares DRIPPED 53
2018 Dividends/Distribution Received $531.30
Buy, Sell, Hold? Hold/Buy

Final Thoughts: I’ve done really well on this stock.  I don’t have any plans to add to it right now, as it is currently trading near it’s 52 week high.  I am however continuing to DRIP shares of this each quarter, and should be over 1000 shares in no time.  I expect another dividend raise this year as well.  Although the price is not as attractive as it once was, I expect the P/E to come down significantly as they continue to add revenue/customers via acquisition.  If I didn’t already own a decent chunk of this one, I’d rate it a buy.

4. POWER CORPORATION OF CANADA

What it is: Power Corporation of Canada is a Canadian multinational diversified management and holding company. Power Corp is the holding company of: Power Financial, Great West Life, London Life, and much more. Although POWER CORP owns a lot of wealth management/investment companies, and Insurance – they also recently invested in the robo-advisor WealthSimple which I think is a great long term move.

Why I bought it: I had flipped some penny/weed stocks into some real earnings, and decided I wanted to get out of the day trading/speculating and into owning some real blue chip, dividend payers.  When you think of blue chip Canadian Stocks, POWER CORP is right up there with the banks and telcos.  Power Corp has raised their dividend every year for the last 5 years, and has a payout ratio of around 50%.  I’ve already received a dividend raise since I originally purchased this stock, and I expect another one this year.

Snapshot:

FUND/STOCK POW
Average Purchase Price $31.61
Current Price $29.78
% Gain or (Loss) -5.81%
# of shares originally purchased 200
# of Shares DRIPPED 9
2018 Dividends/Distribution Received $305.48
Buy, Sell, Hold? Hold/Buy

Final Thoughts: While the stock itself hasn’t done much over the last few years, the company boasts an impressive balance sheet, growing revenue, a very sustainable payout ratio and a growing dividend.  If you are looking for massive capital growth – this probably isn’t for you.  If you want a safe, growing dividend – I’d definitely recommend it.  Power Corp recently also just announced a MASSIVE share buyback program of 1.5 BILLION dollars.  Yes you read that right.  Clearly they believe the shares are under valued as well.  I treat this stock more like a bond – I don’t expect much capital growth, but it pays a juicy (5.16%) & safe (and growing) dividend, so I’m okay with that.

5. Artis Reit

What it is: A REIT that owns Office, Retail & Industrial buildings all across North America.  The head office is located in my home town of Winnipeg.

Why I bought it:  One of the first stocks I ever bought, I was attracted to the yield, as well as the fact it is a local company.  In fact, I can see their head office from my office window.  I like the fact they have diversified their portfolio away from Alberta, and have grown their presence in the U.S.A.

Snapshot:

FUND/STOCK AX.UN
Average Purchase Price $12.85
Current Price $10.96
% Gain or (Loss) -14.75%
# of shares originally purchased 500
# of Shares DRIPPED 98
2018 Dividends/Distribution Received $590.49
Buy, Sell, Hold? Buy

Final Thoughts:  I am torn on this one.  It hasn’t worked out great for me so far – however I believe they are on the right track to turning things around.  At the end of 2018 Artis slashed the dividend in half.  This resulted in a big drop in share price.  When they slashed the dividend, they announced plans to sell a few non core assets, and start buying back a huge amount of shares.  In the last 3 months, they’ve already cancelled around 8 million shares.  The payout ratio is now sitting at a very reasonable 45% and they continue to buy back/cancel shares almost every day.  The NAV (Net Asset Value) is currently around $15.00, and it still pays a respectable 4.93% dividend.  The most important thing about the dividend, is that it is now extremely safe. I will continue to hold, and if it drops below 10.00 again I may add to it.

6. Interrent Reit

What it is: A residential REIT that owns buildings in Ontario & Quebec.

Why I bought it:  At the time I purchased this, I already owned REIT’s in the Office, Industrial and Commercial spaces.  I was looking for a residential REIT to add to my portfolio, so I did some research on a few, ran a few stock screens, and this one came out on top.

Snapshot:

FUND/STOCK IIP.UN
Average Purchase Price $9.77
Current Price $13.91
% Gain or (Loss) 42.28%
# of shares originally purchased 103
# of Shares DRIPPED 0
2018 Dividends/Distribution Received $21.05
Buy, Sell, Hold? Buy

Final Thoughts:  This stock has been absolutely wonderful so far.  I’m up over 40%, and they’ve already raised their dividend.  I expect multiple dividend raises over the coming years, as they continue to have a conservative payout ratio compared to other REIT’s, and they have grown their funds from operations (FFO) per unit on average by over 27% per year since 2010!  My only regret was not having more cash at the time to buy more.  I keep waiting for a dip in price to add some more – but until then I will hold.  According to their most recent report, 12 of the 13 analysts covering IIP, currently rate it a BUY and/or OUTPERFORM.

That’s all for today kids!  Next time I will dig into a few other holdings: Transcontinental, Chorus Aviation, Intertape Polymer and Plaza Reit.

Cheers!

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RRSP, TFSA & MORTGAGE QUESTIONS

I have a bit of an RRSP problem.  Don’t get me wrong, it’s a good problem to have- but a problem nonetheless.

The problem is twofold.

1- Assuming I keep doing what I’m doing – I’m at the point, where I’ll over contribute to my RRSP next year – so I need to reduce my contributions.

2- I am starting to realize my RRSP may be getting too large – meaning I may in line to pay some hefty taxes in retirement (poor me I know).

I fully understand you may (rightly) be thinking *Shut the fuck up Jordan – you should be happy*  but this is a finance blog so I will continue…

Just over a year ago, I realised this may occur, and I reduced what I was putting into my own RRSP, and opened a spousal RRSP.  I figured it made a lot more sense to have 2 medium sized accounts in retirement (paying lower taxes on each) than one large one (paying higher taxes).  For those not aware, RRSP’s are allowed to grow sheltered from taxes, but once they are withdrawn, you must pay taxes on them.

As of my last monthly update my RRSP balance sits at $261,728.32.

Last year I put just over $18,000/year into RRSP’s.  This was split about 8k into the spousal account and 10k into my own account.

I am currently 35 years old, which means most likely, I wont need this money for 15-25 years.  I decided to run a couple scenarios to see what I could be looking at in (early) retirement.

RRSP Scenarios:
Continue to Contribute 10,000/Year
Age 7% return 5% return
45  $      662,695.21  $      558,395.73
50  $      990,997.23  $      770,689.30
55  $  1,451,457.78  $  1,041,635.67
60  $  2,097,277.53  $  1,387,439.53

Stop Contributing Completely
Age 7% return 5% return
45 $514,859.22 $426,327.85
50 $722,116.69 $544,114.38
55 $1,012,806.01 $694,443.15
60 $1,420,512.83 $886,304.99

As you can see, all the scenarios look pretty good – even the paltry 5% return, assuming I never put another cent into my  RRSP account would grow to over a million by age 65.  That said, I always planned on retiring early and have fully expected to start withdrawing from the RRSP before age 60.  This also doesn’t take into account my wife’s RRSP (albeit currently a small amount) or either of our TFSA’s.

A few other notes about my situation:

  • Assuming no changes, my mortgage will be paid off when I am 55 years old
  • At age 60 I can start receiving CPP (Canada Pension Plan)
  • At age 65 I can receive the OAS (Old Age Security)
  • I still have unused TFSA contribution room (as does my wife)

I expect I will need to work until my mortgage is paid off.  Once the house is paid off, my monthly expenses will go WAY down.  Aside from the mortgage expense being eliminated, I will also no longer be investing or paying for daycare.  To give you an idea how much those 3 things will reduce my expenses by:

Current Mortgage/Investments/Daycare cost per month: $4300

Those 3 expenses account for around 65% of all my current expenses. (Over 75% once I give up my Winnipeg Jets season tickets after this season).

So the question is – what exactly SHOULD I do going forward.  The way I see it, I have a few options.

  1. Put the full $18,000/year into the spousal RRSP (continue to get a decent tax refund which can be used to put into TFSA or down on mortgage).
  2. Continue to put $8-10k into the spousal and the rest into TFSA until it is maxed
  3. Pay down the mortgage faster
Mortgage Paydown VS More Investments

This is one of those topics that has been discussed to death, so I’m not going to go into major detail on it.  Usually the argument boils down to:

Assuming interest rates stay low-  over time you will have a better return investing vs paying off your mortgage. 

That said, my goal is now to reduce taxes in retirement, not to build the largest nest egg possible.  There is also something to be said for piece of mind.  I’ve never been mortgage free on a primary residence – but I can only imagine it feels fuckin’ fantastic.  On the other hand, if your investments can churn out enough cash (tax free or otherwise) to pay all your expenses – it’s basically the same thing).

It seems like reducing/eliminating RRSP contributions and a mix of increased TFSA contributions & a quicker mortgage pay down is the best option for me.  If the ultimate goal is not needing to work, having no mortgage is probably the most sure fire way to get there as quickly as possible.

So there…it’s settled.  I’ll stop putting money into RRSP’s, and start paying down the mortgage/maxing out the TFSA…..

An argument for continuing to dump more into RRSPs…

Awww shit, just when I thought I had it figured out.

Alas, there are still a couple reasons it may make sense for me to contribute to an RRSP.

  1. I am still in a higher tax bracket, so getting the tax savings now and using that juicy refund to pay down the mortgage is an option (If I do this – it would be into the spousal RRSP).
  2. RRSP contributions bring down your total taxable/net income.  The government of Canada currently gives parents a cheque each month (tax free) based on their kids ages and taxable income.  This means while my kids are still young, it makes sense to get my taxable income as low as possible, to get as much tax free $$$ from the government as possible.

I apologise if this post is coming across like a conversation with myself – but that is exactly what it is.  I’ve been trying to convince myself exactly what I should do, and ensure I make the right decision.  I haven’t made a decision yet, but I am currently leaning towards:

  • Stop all RRSP contributions in my own account
  • Increase spousal contributions to around $12,000 and put the rest into TFSA
  • Use tax refund to make lump sum payment on mortgage
  • Continue to do this until children are no longer eligible for Child Benefit and/or spousal RRSP starts getting large enough that I feel comfortable reducing the contributions
  • Once spousal contributions are reduced, max out TFSA’s each year and put all extra onto mortgage

What do you think?  Does this make sense? Would you do something similar or am I way off here?  Does anyone else have similar concerns, or has anyone gone through this exercise already?  Let me know in the comments!

Lastly, I’d like to give a shout out to Mark from Myownadvisor who wrote an excellent post about this a year or two ago as well which I thoroughly enjoyed.

Cheers!

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Monthly Dividend Update

Let’s get right to it.  I’m a little late with this post, our entire house (except for the wife) has been sick for the last week.

Personal Highlights for February:

  • Attended a fine and rare bourbon tasting, and also a bourbon lottery this month.  I was able to snag a bottle of Weller C.Y.P.B.  This was one of my favourites that I had tried at the tasting.
  • Aside from being sick – the kids have been doing great.  Isaac is saying a lot more words (when Holland lets him speak).
  • Attended a couple of Jets games with some friends I hadn’t seen in quite some time.
  • Finally got all my receipts so I can do my taxes this week.
  • Took the wife to see Justin Timberlake when he was in town.  She loved it.
  • Amber and I finished watching the Wire – and now I have her watching DeadWood.  (2 of my all time favorite shows).  I figure it’s time she watched them.

Financial Highlights for February:

  • Continued bi weekly payments into spousal RRSP  (30 units of US Equity Index Fund)
  • I was paid by 5 companies and 1 funds.  I Dripped 19 new shares/units.
  • Portfolio hit an all time high
  • Opened a position in Transcontinental (which has since increased their dividend)
  • Increased position in Western Forest

Passive Income Update For February 2019.

TFSA’S:

Diversified Royalty: $9.68 (dripped 3 shares)

Artis Reit: $28.62 (dripped 2 shares)

Interrent Reit: $2.49

Plaza Reit: $27.46 (dripped 6 shares)

Chorus Aviation: $11.36 (dripped 1 share)

TFSA’s Total: $79.61

RRSP:

Canadian Equity Income Distribution: $228.17 (dripped 7.76 new units)

Total Passive Income Feb 2019:  $307.78

Portfolio Update:

This month had some good news and some bad news.

The bad news:  My dividend income was the lowest amount since November 2017.  Dividends actually decreased by $4.66 compared to last February. This is the first time I’ve seen a dip in dividends year over year.  This is due to Artis slashing their dividend in half.

The good news: My portfolio hit an all time high.  After recovering by 6.58% in January, my portfolio jumped up another 5.17% in February which pushed it to a new record high of: $324,377.53

Next months income should be a lot better, as Power Corp, Intertape Polymer & Western Forest all pay their dividends in March – along with all the regular monthly payers.

Thanks for reading, Cheers!

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MoneyMaaster.com by Jordan @ Moneymaaster.com - 2M ago

New Stock Buy!

I just made my second stock buy of 2019.  Instead of initiating a new position, I added to an existing one.  I had recently received $500 as a reward from my RBC VISA reward program, which was deposited into my TFSA, so I thought I should put the money to work right away.

The Buy

I purchased 310 shares of Western Forest Products at a price of $1.835.  This brings my total share count to 1881 and brings my average price down to exactly $1.836!

This will add an additional $27.90 to my annual dividend income and allow me to drip an additional 3-4 shares per quarter depending on the stock price.  I am now on pace to DRIP 92 shares per year (and rising with each additional DRIP).

The Why

I’ve talked about Western Forest many times, so I wont go into to many details again.  It essentially boiled down to a few things.

  • Essentially zero debt on the balance sheet
  • Trading at a reasonable 11x earnings
  • Company is buying back shares, because they believe it is undervalued
  • Well covered 4.79% yield (53% payout ratio)
  • Growing dividend
  • Recent acquisitions and improvements to facilities should help increase margins and revenue in future

You can see my other posts about Western Forest HERE and HERE

This purchase brings my forward annual dividend income up to $6546.60*

*About half my portfolio is currently in funds that do not pay any distributions or dividends.  You can view the full portfolio HERE

Cheers!

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