Portfolio Value Update - January 2017


Portfolio Value
Hello to all my fellow investors, friends, bloggers, and regular visitors! Welcome to the brand new 2017 year. I can’t believe time flies so fast. Next month it’s already spring and everything will start to bloom again. But first, let’s look how my portfolio did in in January.

As of January 31, 2017 my dividend portfolio balance stood at $40,710.55. That’s an increase of $917.90 from last month. Finally, for the first time ever, I broke the $40K barrier. Of course, that would not have been possible without my monthly contributions and dividend income. My next milestone is $50K and it should be attained by the end of this year.



Dividends
Dividend income is a passive income for which I don’t have to work for. In January, I received a total of $195.63 in dividends vs $172.34 for the same period a year ago. That's an increase of $23 or 13.5% on year-over-year basis.

Contributions
In January, I added $800 of fresh capital to my TFSA account. The maximum amount that I can contribute in 2017 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 28 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

I January, I decided to double my investment in Pure Multi Family REIT (RUF.UN.VN). This is a junior real estate stock that trades on the venture exchange which I hope it will be upgraded to TSX at some point. I really like the properties they own. They own resort style residences in the States. The rents are good, the people are happy, and the properties are beautiful.


That's it for this month. Thanks guys for reading and leaving your comments. I appreciate your thoughts and support on my updates. Last month I had a record number of comments from you and it felt incredible. I really appreciate your time to read my updates and write back to me. Thank you.

18 comments:

  1. That is fantastic. An increase is always a win. Well done. All the best for 2017.

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  2. Congrats on a great start to 2017 soon you will be receiving over $200 regularly. I look forward to reading about your journey throughout the year.

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    1. Thanks! You're always welcome to come back and read :)

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  3. Congrats on breaking the 40k on your portfolio value. It will continue growth over the years.

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  4. Congrats on your 13.5% increase year over year. It is fun watching those numbers go up. And good luck reaching $50,000 in investments.

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  5. Congrats on January's dividend income! I'll be following this year and smart move to max out your TFSA.

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    1. Thanks DD! You're more than welcome to follow my journey!

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  6. Wow! Those are some great increases in both your capital invested and dividend income. Great work and looking forward to watching your success in '17.

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    1. Thanks for the encouragement. Consistency is the key. Everything is possible!

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  7. Good job. You will hit 50,000 in no time flat then it's onwards and upwards some more and as those dividends increase the amount to get will shorten which is great.

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    1. Thanks for the encouraging words! Take care!

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  8. Nice job increasing your year over year dividend income for the month of January. With fresh capital, dividend raises and reinvestment you're sure to keep that momentum going. Thanks for sharing.

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    1. Thanks Keith! You did pretty good as well :)

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  9. Good going in growing your portfolio! Almost 200 a month. Keep it up!

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    1. Thanks man! I will keep the momentum going :)

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