February 2016 Dividend income update: $619 (+$569, +1138%) 9


Hi everyone. Welcome to my February 2016 dividend income update.

My January 2016 and February 2016 net worth showed a little improvement. At least my graph is going in the right direction.

201602 GRAPH

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 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 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.

I wish I could say my usual comments

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

but I can’t. I am a bit late this month putting February dividend post up here because February is our company’s year end closing month and the work has been extremely hectic. I have been putting 10+ hours every day and I am barely surviving now dealing with auditors. I used to be an auditor but they are pain in my ass. Hopefully things slow down a bit soon so that I can enjoy warmer weather with my family.

three stage audit

I am just about between stage 2 and 3 at this time. Any young readers thinking of becoming an accountant? Don’t…

One good thing about February was the weather. It was unusually warm month to enjoy Toronto. It snowed a lot but mild so our doggy had a great time exploring snow.

sandy snow

At least one of my family members enjoyed the snow and mild weather.

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 February 2016.

201602 div details

$619 is really awesome. That’s more than our family’s grocery budget. Next is our rent!

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 enforce 24/7 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

 

February was another fantastic month, wasn’t it? Total payment hits $619. We collected $50 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”

 

Div graph 201602

Can you see the improvement?

 

We collected

$561 of dividend income in July, $278 in August 2015,

$698 in September 2015,

$464 in October 2015,

$358 in November 2015,

$641 in December,

$705 in January 2016,

And $619 in February.

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 2015,

$43.61 in October 2015,

$43.86 in November 2015,

$44.10 in December 2015

$44.35 in January 2016

and $44.84 in February 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 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.

corus

I Could not resist its solid cash flow and I was confident that recent regulation of CRTC’s pick and pay will go a lot more smoothly for the company than many people expect. The stock was severely punished for last one year and of course that’s when I jump in. I bought at 593 shares at $9.32 total of $5,500 worth of stocks and now it is being traded at around $10.75 (15% up) bringing the value of the stocks to $6,400. Not bad but still a long way to go to be fairly valued.

 

The purchases will make us stronger every time.

 

Learned from this kid! Don’t give up then you will eventually reach the star.

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.

 

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

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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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