Portfolio Value Update - August 2023

Portfolio Value
In August, my portfolio value decreased by $2,402 from $154,277 to $151,875. The TSX index dipped a bit in mid-August, but then recovered quickly towards the end of the month. The reason my portfolio value is down is due to poor performance of the Canadian banks. The quarters weren’t the best and the share prices started to drop, dragging my portfolio down, down, down!! But I’m not worried about our banks. I will keep buying the dips!


Dividends
Dividends received in August 2023: $727.29
Dividends received in August 2022: $642.09
Year-Over-Year Dividend Growth: $85.20 or 13%
Year-To-Date Dividend Income: $5,554.52

Dividend income never disappoints. The payments are landing into my account like clockwork; every single month. I’m always happy to see the double-digit growth. If I apply only 10% dividend growth for next year, then I should get around $800 in August 2024. Looking forward to that!


Transactions
Bought 5 shares of Capital Power Corp (CPX.TO) for $39.40 per share
Bought 23 shares of Telus (T.TO) for $22.99 per share

In August, I did a few small transactions. My TFSA account is maxed out so I simply reinvested the dividends.


Ads Revenue
In August, I collected $355.76 in adsense revenue from my YouTube channel. Adsense revenue is pretty low, but it’s higher compared to five previous months.

August 2023 YouTube Stats:
  • 195.1K Views
  • Added 254 New Subscribers
  • $355.76 Revenue
  • Daily Average $11.47


Charts


August 2023 Summary
Portfolio Value: $151,875
Dividend Income: $727.29
AdSense Income: $355.76
Combined Income (excluding day job): $1,083.05

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That’s it for August update! Let me know what you think of my progress. Feel free to share your progress in the comment section below. Thank you for reading and until next month!

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