April 2016 Dividend income update: $599 (+$471, +368%) 21


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

My April 2016 net worth showed significant improvement which made me somewhat excited.

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Yay! Let’s go $200,000!

 

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 as well as companies that provide services to oil and mining stocks including banks 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.

 

Last month, I said we were planning to go for 1 week of road trip to Montreal, Quebec, Ottawa and Kingston but it had to be canceled. My work dragged me down with it. However we were able to go to Niagara Falls as well as Toronto Island. Both of them were a 1 day trip but it was well worth it.

 

on the lake

Niagara on the lake was nice. But staying away from the big city was the best.

 

flower

Looks like someone really enjoyed Niagara on the lake

 

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What a lucky doggy to feel Niagara Falls!

 

 

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Mesmerizing rainbow by the Falls

 

Niagara Falls was majestic as always and our family had a great time. That got me thinking again that what if we can enjoy our lives doing things that we like to do every day? My work is fun but at the same time very stressful and this time the work made us cancel the 1 week trip we planned. Well… That is the reason why I save and invest wisely so that I can get out of this rat race. 🙂

 

 

 

 

island1

Just a $7 Ferry away from the downtown core, you get to enjoy very peaceful and soothing Toronto Island

 

 

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I can do it!

I love passive income so much and once our passive income covers our expenditures and some savings 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 April 2016.

 

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Free cash!

 

I invest in about 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

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Can you see the improvement? You can do it as well!

 

April was another fantastic month, wasn’t it? Total payment hits $599. We collected $128 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”

 

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,

$619 in February 2016,

$829 in March 2016.

And $599 in April 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,

$45.20 in March 2016 and

$45.45 in April 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.

 

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 🙂  )


Leave a Reply

21 thoughts on “April 2016 Dividend income update: $599 (+$471, +368%)

  • Stefan - The Millennial Budget

    Wow this was a wealth of information! I am literally now in the process of starting up my DGI portfolio. Still in school so it will be a long road but your post shows exactly why this strategy is so great. The way you described your stocks as employees cracked me up but it is true. As I say on my blog money does not eat, sleep, or stress so make it work for you! I like how you are interested in declined industries, always the best time to buy! I try to bottom feed myself and it has paid off with the oil sector. I am not familiar with mining so I have stayed out of that. Looking forward to future earnings from you!

    • monsterid
      Be Smart Rich Post author

      You are well ahead of your peers if you are in schools but getting yourself educated on investing. I wish I learned this when I was early 20’s. I did not have any solid plans but just live day to day at the time. Since I set my goals up, I can feel that I am getting closer and closer to financial independence. Got a long road ahead but I feel strongly that I can reach it! Thanks for stopping by!

  • timeinthemarketblog

    Man – that’s some solid growth in net worth! Great job. I’m liking the consistent dividend months – do you specifically target companies that pay out monthly versus those that pay out quarterly?

    It looks like the doggy had fun at Niagara Falls!

    • monsterid
      Be Smart Rich Post author

      I am kinda indifferent in when or what month I get paid as I am in growth mode. Anything that helps me build my net worth whether it is from dividend or capital gain, I will welcome it at this time. I love dividend growers in general but I have my fun money to invest in free cash flow rich but temporary earnings poor companies.

      and yes no kidding the doggy livin’ the life.

    • monsterid
      Be Smart Rich Post author

      Yes. we are glad where we are at but still a long road ahead. I can see some acceleration lately which made us happy at this time although our cash reserve is getting higher. 🙂 Cheers to you as well buddy!

  • DivHut

    Awesome results as usual. It’s always great to see a passive income stream growing year over year. Just goes to show you are headed in the right direction. I think this line really sums up the benefit of being a dividend growth investor, “Enjoy what you love to do while collecting your passive cash dividends.” It’s so true. Just go through life doing what you usually do. Work, play, have fun all the while a passive income stream is headed your way. Great pics too. It’s nice to get out of the bog city and see trees, grass and no buildings in sight. Thanks for sharing. Look forward to your next update.

    • monsterid
      Be Smart Rich Post author

      Yup. It is growing for sure since I started investing in September 2014. I have learned lots of lessons since then and getting more cautious in adding only good/great companies and avoid speculative/momentum stocks. I am very confident that this trend will continue and I should be able to reach higher and higher growth going forward. Thanks for stopping by Divhut!

      Cheers!

      BSR

  • Credit Repair Expert

    Kudos to your new (established) net worth! The next target is going to surpass the previous one and keep going… It’s been a long endeavor but pretty meaningful when dividends are raised and networth growing at an exponential manner – fantastic!

    • monsterid
      Be Smart Rich Post author

      That’s right.Dividends are really growing thus networth as the time really goes by. Market value of stocks always fluctuate but dividend payments are relatively reliable as long as keeping solid quality dividend growers. Thanks for stopping by!

      Cheers!

      BeSmartRich

    • monsterid
      Be Smart Rich Post author

      That’s right.Dividends are really growing thus networth as the time really goes by. Market value of stocks always fluctuate but dividend payments are relatively reliable as long as keeping solid quality dividend growers. Thanks for stopping by!

      Cheers!

      BeSmartRich

    • monsterid
      Be Smart Rich Post author

      Hahaha. It currently covers our family grocery now so I will have to keep accumulating assets to cover rent and other expenditures. I think $1M is a number that covers all of our expenditures. 🙂

  • Don Hilario

    Love your post, especially you sharing your travelling experiences – that’s what matters the most when developing a long-term passive income strategy.

    Re your spreadsheet – very similar to another one of my regular reads via Joshua Kennon.
    I noticed you only focus on the payments (rightfully so) without including cost basis and any daily market value for unrealized gain/appreciation. right on.

    happy to follow you via twitter.

    best,

    Don

    • monsterid
      Be Smart Rich Post author

      Thanks Don. It is really all about passive income where I can do whatever I want while collecting free cash every month regardless of how market moves. I am very glad my blog is helpful to you!