November 2015 Dividend income update: $358 6


Hi everyone. Welcome to my November 2015 dividend income update.

My October and November net worth showed a little 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 my net worth moves that much because they will always go up and down. On top of that I always get paid through dividends regardless of how market moves anyway. My 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 and mining 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 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 to 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. As I mentioned, I just came back from Halifax 3 days ago. We took care of some business matters then met with our old friends and had a great time.

BBQ

No winter stops us Canadians having BBQ. “Hey, don’t xxxxx this up this time”

 

I am sure you have a place like that (like a hometown) in your mind that keeps making you come back once in a while. Halifax is my second hometown (My first hometown is Seoul, Korea where I was born) where I met great down-to-earth friends, got my university degree and an accounting designation. Great small university town with amazingly kind and nice people. If you think Canadians are nice then meet Haligonians, I am quite sure you would get along very well with them.

Harbor

Beautiful Halifax Downtown

 

Halifax was just about to get ready for its Christmas. The city had some Christmas lights at night. My friends were getting Christmas trees and I got a great Christmas present from one of my buddies for being a good boy. I had to open it as he told me it was a bottle of Crown Royal Northern Harvest Rye (45%) which was selected as 2016’s world whisky of the year by British’s most well-known whisky Journalist, Jim Murray in his 2016 Whisky Bible.

CR

I am salivating now. 🙂

 

For those who do not know what it is, it is a Canadian Whisky and I guarantee the best bang for the buck if you are a whisky drinker. Jim scored it 97.5/100: ‘Rye, that most eloquent of grains, not just turning up to charm and enthral but to also take us through a routine which reaches new heights of beauty and complexity,’ he said. ‘To say this is a masterpiece is barely doing it justice.’

 

2016 Jim Murray

Yup, he is the badass Jim Murray.

 

CROWN ROYAL NORTHERN HARVEST RYE, 45%

Producer’s Tasting Notes:

Nose: Baking spices, cereal, light wood spices.

Palate: Gentle oak note, rich butterscotch, spiced vanilla, develops into soft peppery notes.

Finish: Smooth and creamy.

 

When we came back, Toronto got a little 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.

Cavalcade of lights

Nathan Phillips Square

 

Eaton

Eaton Centre

 

Chri1

My wife started decorating today

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 November, 2015. 

201511

One thing I learned this month was, I get no RRSP dividend tax exemption from investing in Limited Partnership. From investing ARLP, I received $95 of dividend this month but it was taxed at 40% as business tax which resulted only $57. I may need to get rid of the investment in the near future.

 

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

November was another fantastic month, wasn’t it? Total payment hits $358. We collected $0 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”

201511 div

 

We have collected $561 of dividend income in July, $278 in August$698 in September, $464 in October then $358 in November. 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, $43.61 in October and $43.86 in November. 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 our dividend incomes increased by $561, $278, $339, $453, and $358 respectively from July to November 2015 against comparable months of 2014.

 

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 $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.

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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6 thoughts on “November 2015 Dividend income update: $358

  • DivHut

    Great results. This line really captures the essence of being a dividend growth investor, “Enjoy what you love to do while collecting your passive cash dividends.” Couldn’t have said it better myself. Happy to see some Canadian banks paying you as well. Always nice to be on board with some solid payers from up north. Though the bottom seems to really be falling out of BNS. Look forward to seeing how 2015 will close out.

    • monsterid
      Be Smart Rich Post author

      That’s right DivHut. It is all about enjoying the life while collecting free cash flow. Canadian banks are still showing very very solid results even though our economy is shaking which is interesting. BNS has dropped a lot but that would not stop me to holding it and probably add more in the future. Thanks for stopping by DivHut!

      BSR