Hi everyone. Welcome to my March 2016 dividend income update.
My March 2016 net worth showed significant improvement which made me somewhat excited.
Well to be honest, I don’t really care much about how market and my net worth move because they will always go up and down. On top of that I always get paid through dividends regardless of the market movement.
My stocks may decrease their values but as long as fundamentals are strong 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 value 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 and mining stocks a lot lately and have been buying a lot of them as they are still very cheap now. No one can expect how long low oil and other commodities prices will stay but eventually they will be recovered and when that happens, the prices will bring up the value of the stocks altogether. When that happens, I will happily restructure our portfolio to reduce my exposures in oil and mining stocks. 🙂
Enjoy what you love to do while collecting your passive cash dividends.
While we just collected free dividends from the stocks we purchased as usual, my wife and I forget all about the stocks and just enjoy what our life has to offer.
My wife has been busy taking classes and writing exams. She will finally get some break at the end of this month for about two weeks and we have been planning for a short vacation. We are thinking of going for about 1 week of road trip to Montreal, Quebec, Ottawa and probably Kingston. It will be fun!
I told my wife this year’s Toronto’s winter wasn’t like the usual cold, snowy, depressing winter but quite warm and enjoyable winter at the end of March. Guess what?? The winter is back. Last 7 days of April dumped more snow than this February and March combined and it is -10c right now. I know it is silly but global warming would probably be welcomed by Canadians. That may be reason why Canada had been so passive with regards to climate change action.
I love passive income so much and once our passive income covers our expenditures and some saving then we plan to retire and do what we love to do. I am not saying you should quit your job 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 and that will empower you to do what you always love to do with your life. Without going on another 50 hours to explain further, here is a list of stocks that I received dividends in March 2016.
I invest in 30 companies so far. 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 enforce24/7 working hour 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
March was another fantastic month, wasn’t it? Total payment hits $829. We collected $394 last year around this time so 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 rigorously 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”
$561 of dividend income in July, $278 in August 2015,
And $829 in March 2016.
The average of them finally exceeds my family’s monthly grocery budget. It will eventually cover our rent within a couple of years. 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 2015,
$43.61 in October 2015,
$43.86 in November 2015,
$44.10 in December 2015,
$44.35 in January 2016,
$44.84 in February 2016,
And $45.20 in March 2016.
It will keep increasing its body infinitely. I am quite confident that in 5 years, the company will pay us at least $60 monthly and within another 5 years the company will pay us $100 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 our dividend incomes increased by hundreds dollars every year.
When you see 2014 VS 2015 dividend income, the result is extraordinary.
Total dividend income in 2014= $820
Total dividend income in 2015= $3968
That’s $3,148 growth year over year. That’s additional $260 per month working for us that get our portfolio bigger. Great job to myself, my wife and our moral supporting lazy doggy. We are doing great!
We bought more stocks recently that boosting our dividend income.
As we posted, we purchased and added Black Diamond Group and Potash into our dividend portfolio in November 2015. That added $875 annually to our dividend income stream.
In January 2016 we bought Dream office REIT and Orvana Group which will add $781 of dividends annually to our dividend income streams.
In February 2016 we bought about $5,500 worth of Corus Entertainment stocks which adds about $673 annually.
In March we bought Black Diamond Group and Concordia Healthcare Corp which will provide about $495 of annual dividend.
The purchases will make us stronger every time.
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 and other commodities prices 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 $7,000 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. 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 🙂 )
Awesome progress BSR. You 2 are doing fantastic. Nice charts and visuals. The trend is always moving higher and higher and it goes to show what some focus and consistency can do for you. Keep up the great work buds and you guys will be Financially Independent in no time. No doubt.
Cheers and have a great weekend.
Thanks Dividend Hustler. You are one of my inspiration so let’s keep at it until we reach the financial independence!
Congrats with this amount of dividends. It’s crazy when you compare to march 2015.
Yup. It is coming up nicely. Hopefully by next year, I can boost it by another 50%. 🙂
First of all, that chart at the very top paints a very bright financial picture. Congrats on continually increasing that net worth stat. You brought in a pretty heavy sum for the month of March too in dividends and really killed your year over year growth from last March. You are doing all the right things that’s for sure. Keep on sharing these inspiring updates. Gives me something to look forward to.
Yup. Networth is growing which is great. I just wished the sales lasted longer but looks like it is over for now. Hopefully sales come back so that I can buy more stocks at cheaper price. Thanks for stopping by DivHut. I love your portfolio and stable dividend payers!
Ha ha ha I love your stock/employee analogy. I never thought of them that way, but it SO works.
I always think of my stocks as a small mine that will never run out. Hundreds of tiny, little mines working for me. Thinking about it, I guess I don’t pay any salaries, or benefits either. Are we bad people?
Yes. stock/employee analogy works like a charm and another yes, we are bad asses. No breaks, no benefits, no complains, no union issues NADA. Can’t beat it!
Sweet progress dude, looks like you’ve doubled your net worth already! Btw what are you planning to see while in Montreal?
We were planning to go to Kingston, Ottawa, Montreal and Quebec but work took my vacation away so we could not go. Although we were able to stay in Niagara Falls for a day which was good. Update will be coming soon!
Congrats on all the dividend income, that’s a really nice amount of dividends 🙂