Portfolio Value Update - March 2024

Portfolio Value
In March, my portfolio value increased by $3,424 from 154,711 to $158,135. It was a good month for Canadian markets. The TSX Composite Index has gained 800 points and advanced to 3-year high. The bank stocks contributed to my portfolio growth this month.

Dividends received in March 2024: $759.02
Dividends received in March 2023: $676.62
Year-Over-Year Dividend Growth: $82.40 or 12.18%
Year-To-Date Dividend Income: $2,247.04

The dividend growth is at 12.18% compared to the same period of last year. The growth rate is sustained by dividend reinvesting and dividend increases.

Bought 4 shares of Brookfield Renewable (BEPC.TO) for $31.70 per share
Bought 6 shares of Bell (BCE.TO) for $48.51 per share
Bought 10 shares of Smart REIT (SRU.UN.TO) for $22.66 per share

All purchases were funded by dividends. As of 2024, I have a new contribution room of $7,000 in my TFSA Account. I didn’t start funding my TFSA yet because I’m prioritizing mortgage payments in the first half of this year. I will probably contribute to my TFSA in Q3. Meanwhile, I will continue reinvesting the dividends.

Ads Revenue
In March, I collected $264.57 in adsense revenue from my YouTube channel. It was a slow month again. The ad rates are down and the views are down too. I’m not worried about that, because my YouTube channel is only my hobby and whatever income I get from it is either used for investments or day-to-day spending.

March 2024 YouTube Stats:
  • Added 119 New Subscribers
  • $264.57 Revenue
  • Daily Average $8.53


March 2024 Summary
Portfolio Value: $158,135
Dividend Income: $759.02
AdSense Income: $264.57
Combined Income (excluding day job): $1,023.59

That’s it for March 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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