Portfolio Value Update - October 2016


Portfolio Value
As of October 31, 2016 my dividend portfolio balance stands at $35,947.54. That’s a decrease of $429 compared to last month. The last week of October was bad. My portfolio has lost around $1000 in value, but that’s all right. Stocks go up and down and since I’m in assets accumulation mode, I can benefit of those low stock prices. We have two more months till the end of the year. This is the time when volatility increases and then everything settles down around January-February.

Dividends
Dividend income is a passive income for which I don’t have to work for. In October, I received a total of $190.03 in dividends vs $152.53 for the same period a year ago. That's an increase of $37 or 24% on year-over-year basis.

My total Year-to-Date dividend stands at $1,724.71. For me, that amount of money is enough to buy two regular positions.

My earnings forecast for 2016 was about $2,000 in dividends. If I continue to receive an average of $180-$190 for the next few months, I will surpass the $2000 dividend goal. It doesn’t sound like a big amount, but it’s growing every year. All dividends are reinvested into dividend paying stocks.

Contributions
In October, I added $800 of fresh capital to my TFSA account. The maximum amount that I can contribute in 2016 is $5,500. Since I have contribution room from prior years, I will continue to add $800 per month until I reach my maximum contribution.

My Investment Account (TFSA)
My portfolio consists of 27 Canadian dividend paying stocks. Most of my stocks pay dividends on monthly basis. This allows me to collect dividends and reinvest them into dividend paying stocks more rapidly.

Transactions
Guys, I think I’m setting up a new trend. It’s been two months in a row that I started to invest fresh capital in energy sector. In September I bought some shares in Gibson Energy and in October I started a new position in Altagas. I bought 30 shares of ALA.TO and paid $33.39 per share. I plan to buy more shares in that utility company.

Take care everyone!

1 comment:

  1. Nice year-over-year growth. It sounds like you're bullish the energy sector. Hopefully oil prices help you out here.

    ReplyDelete