Portfolio Value Update - December 2016



Portfolio Value
Hello my fellow investors! I want to wish you all a Happy New Year! May you reach closer and closer to your personal and financial goals. May you have the energy to hustle hard and stay focused. All I can say is WOW another year flew by and another month is in the books. It's time for me to post my December's performance.

As of December 31, 2016 my dividend portfolio balance stood at $39,792.65. That’s an increase of $2,045.41 from last month. December was one of the best performing month. I broke the 38K and 39K level within the same month. I'm just a few hundred dollars away to hit a new milestone of 40K.


Dividends
Dividend income is a passive income for which I don’t have to work for. I'm glad to report that I finally made over $200 a month in dividends. In December, I received a total of $201.06 in dividends vs $151.97 for the same period a year ago. That's an increase of $49 or 39% on year-over-year basis.

My total dividend income for 2016 is $2,117.81. My goal was to receive at least $2,000 for the year.

Contributions
In December, 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 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
In December, I decided to double my investment in Smart REIT (SRU.UN.TO). I bought another basket of 30 shares for $31.60 per share. My purchase decision was based on the announcement that Smart REIT is partnering with another corporation to build two residential towers in a prime location of Laval city. The construction should begin in Spring of 2017. I will be visiting that site to take pictures and update you here on my blog.

That's it for this month. Thanks guys for reading and leaving your comments. I appreciate your thoughts and support on my updates.

20 comments:

  1. Congrats on receiving over $200 in a single month and an bigger congrats on achieving your goal of at least $2000 in dividends in 2016. Can't wait to see how you do in 2017.

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  2. Congrats on a great month and finally passing your monthly goal! I just found your site from @AllAboutTheDivi on twitter. I will include your updates moving forward in the monthly dividend round up. http://www.predictablesnowball.com/2016/12/11/dividend-income-around-world-november-16/

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    1. Thank you! Sounds great! I will check out your site and will look forward to see my name on the list :)

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  3. Kudos on a $200 dividend income month. Gotta love your portfolio growth. Hopefully you'll pass $40k in January.

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  4. Wow, congrats on the increases this year, sounds like an absolute winner! An increase every year is fantastic. All the best.

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  5. Wow, that's a big y/y increase in December - keep it up. Good job on hitting the 2016 goals, start thinking about your 2017 goals yet?

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    1. Thank you, T. I. T. M.
      No particular goals for 2017, just continue with my monthly contributions until I maximize my TFSA accounts. I should have 50K invested by the end of 2017.

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  6. Good job my first time going over 200 this month. Keep it up

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  7. Good job you are set up nicely for 2017

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  8. Congrats on a great month and almost 40% year on year increase. Great stuff. I've included your monthly dividend income in my income tracker.

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    1. Hi.

      Thank you for including me on your dividend income tracker. However, the amount of earnings you wrote for me in December is my total dividend income for the whole year :) I wish my monthly dividend was as big. In December, I received 201.06

      Thanks!

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  9. Congrats on cracking the $200 mark. It always feels good to reach a new milestone. Keep packing on those quality dividend paying stocks and continue to put up impressive year over year gains. You achieved your 2016 dividend totals and I look forward to following your '17 journey.

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    1. Thank you Keith for following my journey. You are doing a great job as well. Your portfolio is growing and you are still able to deliver impressive dividend growth. Keep it up :)

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