Most of my big holdings have been posting record high revenues and also hiking their dividend payments since the beginning of the year, but the market didn’t appreciate the good news, and is keep moving in the opposite direction because the solo reason of rising bond yields.
Market reaction is actually a bad news when I look from my net-worth point of view. My portfolio is down between 6% -8% from its mid-December high. In other word, my portfolio value dropped between $12000 and $15000 in 3 months and most of the declines happened in February.
I am still in accumulating phase; still it is hard to watch when my portfolio value drop thousands of dollars in single day. It is really big money when I compare to my salary with my day-job; in a worst time my portfolio dropped more than my monthly income in few house. But, I am confident the setback in shares price is temporary and it will get recovered sooner.
Meantime, my portfolio income continues to grow regardless of market performance, thanks to recent dividend hikes and new assets purchases. I expect to see more dividend increases in the coming days, weeks and months, and my income continues to grow month over month and year over year.
Free fall market doesn’t discriminate between good and bad stocks and it pulls everything down to earth and creates buying opportunities for those who are looking for deals. I have been hunting some deals using new capital and the money that built up in my portfolio, and continue adding assets at lower cost.
In January, my portfolios generated over $700 dividend income. I received this pure passive income from 37 different income sources.
All I did was work hard, save some money and invest in high quality companies that reward their owners – aka shareholders with generous dividend. I let the money build up in my accounts and reinvest when my favourite stocks go on sale.
I understand the power of compounding; it is one of the key ways to build wealth for long-term.
Now let’s back to fun part of numbers.
I received $713.72 dividend income in January 2018, and it is 26.96% higher than the income I received January 2017, which was $562.15.
Dividend income from Canadian stocks
- FC – $14.80
- CGX – $2.80
- XRE – $10.20
- CPD – $5.10
- NWH.UN – $3.33
- NVU.UN – $9.51
- DRG.UN – $3.33
- CAR.UN – $3.20
- VGG – $1.97
- REI.UN – $11.75
- ZPR – $2.05
- ZDH – $1.80
- MRG.UN – $5.50
- KPT – $18.00
- BEI.UN – $23.44
- CGX – $9.80
- T – $50.50
- ALA – $26.25
- BCE – $96.86
- IPL – $7.00
- VNR – $29.00
- BNS – $79.00
- CM – $32.50
- TD – $90.00
- TRP – $93.76
- AQN – $36.72
Dividend income from Small-cap Growth portfolio
- DIV – $1.48
- GDS – $1.13
- TCS – $1.25
- URB – $5.00
Dividend income from U.S stocks
- CSCO – $4.35
- DIS – $8.40
- PEP – $8.05
- DPS – $6.96
- WMT – $5.10
- MCK – $1.70
- O – $2.13
Total dividend I received for year 2018: $713.72
Estimated passive income
For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.
My Estimated passive income is currently at $8634.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 34.54% of my goal.
I am very happy with my results and achievements so far. I hope I am moving in the right direction toward my long term financial goals.
Learn about finance, live within your mean, save and invest in high quality assets will help you reach your financial goals much earlier than you think.
Thank you so much for your great support, encouragement, and being in my financial journey.