Hi everyone. Welcome to my October dividend income update.
Toronto is getting colder but I am very glad to see Christmas lights everywhere that makes my heart warmer. Hope everyone is ready for our biggest holiday season. J
Our October net worth showed a significant improvement and I feel that I am slowly getting out of the limbo. Well to be honest, I don’t really care that much about how market and our net worth moves that much because they will always go up and down. On top of that we always get paid through dividends regardless of how market moves anyway. Our stocks may decrease their values further but as long as fundamentals are there then the stock prices will eventually catch up to fair values or even higher than fair values. It is just a matter of time so patient is a virtue when it comes to investing. Who really knows if market crashes next month? The market is shaky and very volatile but you know what that means! You can take advantage of bargains. So please do when you still can. I love oil stocks a lot lately and have been buying a lot of them as they are very cheap now. No one can expect how long low oil price will stay but eventually it will be recovered and when that happens, the price will bring up the value of oil stocks together. When that happens, I will happily restructure our portfolio to reduce oil stock position.
Enjoy what you love to do while collecting your passive cash dividends.
While we were collecting free dividends from the stocks we purchased, my wife and I forget all about the stocks and just enjoy what Toronto has to offer. Earlier October, Toronto had Contemporary art exhibition called 2015 Toronto Nuit Blanche. Hundreds of artists transformed downtown Toronto as contemporary artworks city. The exhibition started from sunset and ended at sunrise. What a great event. Without further ado enjoy the pictures and the highlights of how amazing artworks are. Great job Toronto artists. Huge respect to you guys!
Enjoy the highlight of Toronto Nuit Blanche
Building your never-stopping passive dividend income stream is really easy. Start right now!
When you buy good quality companies, you typically get paid with regular dividends, and within enough time, you end up with solid portfolio of companies that pay you sufficient dividends to cover your expenses. Once your expenses are fully covered by those free dividend payments, you can reallocate your energy and passion to do something you like rather than sucking up with your hated bosses from your day job. I am not saying you should quit but what’s better than making money by what you dream to do? You get paid no matter what… when you sleep, when you travel, when you don’t feel like to commute for an hour to get to work, when you are sick of dealing with office politics… You can put whatever hated reasons you can think of here to focus on your dividend (or passive) income strategy. Without going on another 50 hours to explain further, here is a list of stocks that I received dividends in October, 2015.
I see stocks as my employees and trust me I am their worst nightmare. ???? I perform my rigorous screening process from tens of thousands applicants. I select only 30-40 employees to interview then I hire only 1 of the best at a time by paying him/her upfront payment. Once employees are hired, I pay them nothing. No pay, no benefit, no holiday… ???? I infamously enforce 24/7 working hours policy. They cannot walk off and I only can fire them based on their performances. Strangely, ???? they have been bringing in more and more money everyday to me and even bringing their friends to sign the employee contract for free!! I guess life is good ????
Year to Year Dividend Income Comparison
October was another fantastic month, wasn’t it? Total payment hits $464. We collected $11 last year around this time so that makes it 4100% growth (What?!). I am extremely pleased with the result as we really didn’t do anything to earn the free cash payments other than keep living within our means, saving religiously and buying great stocks at low regardless of where the stocks will be headed temporarily. It is very easy and you can start it right away so let me repeat what I said. “We live within our means, save as much as we can and invest wisely”
We have collected $561 of dividend income in July, $278 in August, $698 in September then $464 in October. The average of them is close to my family’s monthly grocery budget. What did we do to collect the money? Nothing… we did really nothing to collect the money. On top of that, the dividend income is getting higher and higher as time goes by. For example, our Cominar REIT stocks provided us $42.88 in July but in August we got paid a little bit higher at $43.12 due to automatic DRIP set up with the stock then it became $43.37 in September and $43.61 in October. It will keep increasing its body infinitely. I am quite confident that in 5 years, the company will pay us $57-60 monthly and within another 5 years the company will pay us $75-$80 or even higher monthly. That’s how reliable and predictable high quality dividend income companies provide their returns to you even though you do nothing to collect them. Just buy, forget and collect dividends forever. Think about it, all of our dividend stocks from my portfolio will get themselves bigger and pay us more every month.
We are definitely on the right track because in July and August 2014, we received nothing and in September 2014, we only received $359. July 2015 dividend income increased by $561 compared to the last July, August 2015 dividend income increased by $278 compared to the last August, September 2015 dividend income increased by $338.50 compared to the last September and October 2015 dividend income increased by $453. Wow. What a result!
Track your net worth. You will see astonishing result within no time as you are more focused than ever!
We will keep buying when opportunities are out there in the market. I see many opportunities lately due to the crash of the oil price which is just perfect for me. As you may know, it did not take too long to build this portfolio. When I started this blog (a year ago), our net worth was around 80K (excluding my car) and that only provided us less than $2,000 of annualized dividend income. However, now it provides predictable $6,000 of annualized dividend income per year and that number will always go up. Amazing huh?
As I mentioned several times, building your dividend portfolio isn’t very difficult. See the following links for excellent ways to save money and invest.
- 30 most important tips to be a millionaire no matter how much you make.
- Renting vs Buying
- 16 most important tips to save on car insurance by 40-60%
- Norbert’s Gambit- Save thousands of dollar from foreign exchange conversion fees
- What’s in my wallet
- Needs vs Wants
- 20 smart moving tips that will save you time and money
- How to save $1,000 annually from your TV cable bill
- 7 extremely easy tips to save 20-50% on flight tickets
Check out my portfolio page to see what stocks I own and the following article for more investment tips-How to Simply Invest and Get Richer for Dummies in 8 Easy Steps.
If you are also a dividend investor like me, then you should check out the following page to see how other dividend investors are doing. You won’t regret a moment of reading their valuable and inspirational articles. The Financial Bloggers Dividend Income List. Oh right, you may want to check out the following section to see what other investing bloggers are up to as well. Blogroll
Hope my real cash dividend income updates inspire anyone who is dreaming of becoming financially independent. I am not there yet but I am happy to share where I am and where I will be headed along the journey to be a millionaire thus financially more independent. Don’t dream on winning lottery or a jackpot from your local casino. That’s not going to happen to you. Dream on something that is so real that you can catch it after executing easy passive income strategies. It is not going to take very long to see the results and I am sure you can do it as well. All you need is a strong commitment for your future. Start your first step right now and come along for the million-dollar journey. Hang in there because your loved ones got your back (and me )
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Amazing 4100% growth. Nice example with your cominar stock… Do you have your stocks on DRIP or do you also pool some dividend money to reinvest at your discretion?
Thanks Dividend Beginner. I have all my stocks in DRIP for all registered accounts only. I don’t want non-registered accounts to be DRIPed since DRIP will cause some headache during tax time. I pool all the cash from non-registered accounts and reinvest at my discretion. Happy Hunting!
Thanks for sharing! Nice photos! Toronto is a beautiful place. Wow…a dividend jump from $11 to $464 was very impressive in October. Keep it up buddy! Keep those employees bringing in the bacon!
I welcome you to Toronto. It is a quite nice City to visit during spring, summer and fall. But keep it mind that Winter lasts about 5-6 months during year. Haha Bacon sounds great to me! Thanks for stopping by!
Nuit Blanche Toronto looks awesome.
I really like your paragraph on working your ’employees’ 24/7… Made me laugh.
Haha that’s awesome, Ben. My wife always complains about my sarcastic jokes so I am very glad that at least, I am making you laugh.
I gotta admit. It feels great to own those free employees.
Great job growing that dividend income of yours. Amazing growth and happy to see some of those Canadian banks paying you as well. Quite a few REITs in your portfolio too. I wonder if I should add more to my IRA. For now I’m just on the health REIT kick. I had a great time in Toronto a few years ago. Great city.
I like Cdn banks but I love REITs so much in my registered accounts. Think about it, typical company pays tax and distribute whatever is left to the stockholders but REITs is not taxed and distribute most of the earnings through dividends. However by keeping the REITs in my registered accounts, I get to enjoy non-taxed/higher/tax free dividends. I love it so far and I will keep adding it whenever I get a chance since a lot of Cdn REITs especially the ones with Alberta exposure are getting hammered!
Toronto is a Great city for sure. Thanks for stopping by DivHut and good luck with your investing!
Hi BSR, congrats on some solid monthly dividend income. You gotta love how it keeps on growing even when the markets hit a rough patch. I’ve been thinking about adding some individual REIT’s to my portfolio as they’ve been beat up a little, or maybe just buy the basket with XRE.
I am going to add more REITs whenever TFSA room gets replenished in 2016. Or I will sell some of bank stocks from TFSA and buy more REITs in TFSA then buy back the bank stocks in my non-registered accounts. Haha Whatever works.
Thanks for stopping by My Road to Wealth and Freedom!