Wow what a stark difference between last month and this month, with inflation being sky high and stock market returns being less than stellar, many are feeling the pinch. Many people saw their portfolios (including myself) take a deep dive.
It may be scary (terrifying) to investing in the stock market right now but if you have a long time horizon you will do well investing right now and starting to add this investing habit to your life.
Stay calm and invest on.
It has been great to see all the pictures of the Berkshire Hathaway Annual General Meeting on Twitter. I feel like I am living vicariously through them. As some of you may know, I went in 2016 and it was a trip and experience that I won’t forget.
Here are some of the pictures from that trip, my stalker-ish tendencies went full force and I got to see Warren Buffett play ping pong with Bill Gates, I was about one metre away from Astrid Menks at the mall, saw Charlie Munger and Warren Buffett at Gorat’s steakhouse (and of course ordered the steak Warren Buffett likes to eat…the steak was huge), and even saw Warren Buffett driving into his house in between events (he had a driver that day).
I recently watched a rare interview (apparently it was scrubbed off the Internet for a while and recently is available again) of Susie Buffett where you get to hear about Warren Buffett from her eyes. It’s not too long just about 30 minutes or so.
She had a great story about how she was sick with the flu one time, and she asked him to get her a bowl or something in case she couldn’t make it to the bathroom. He went down to the kitchen after much hullabaloo and came back with a colander.
Then she told him the colander has holes in it and he went back to the kitchen and came back with a cookie sheet to put underneath the colander.
I liked how Charlie Rose told Susie Buffett- you are just as wise as Warren is smart.
Sadly she passed away about three months after that interview.
GENYMONEY.CA DIVIDEND INCOME UPDATE
If you’re curious about my liquid net worth, subscribe and you’ll get the report with net worth numbers tomorrow.
My long-term target is at least $35,000 annually of dividend income (definitely not a big deal if I don’t get this, my main goal is a 7 figure portfolio), or about a $1,000,000 dividend/ investment portfolio with a conservative 3.5% dividend yield.
For one of my 2022 personal finance resolutions, I am aiming for $25,000 in dividend income.
Here’s my March 2022 Dividend Income Update if you want to look at my dividend portfolio from last month. The forward annual yield at that time was $24,403.
A few notes: I leave the US dividends received/ estimated as a 1:1 US and CAD dollar exchange to keep thing simple.
My April 2022 Forward Dividend Income is $24,590 and this is a 0.8 % increase from last month, or a $187 increase.
This is lower than the month before and you would think I would buy a bunch more but it has been pretty busy for me this month. I have been mainly adding ETFs.
My “hourly rate” is now $2.81 whether I’m eating, sleeping, or cleaning up horrid duck juice spill from the floor of the oven. Or the rate is $11.82/hour if I was working a 40 hour work week.
Here’s my September 2021 screenshot chart from Wealthica below on my 12 month trailing performance relative to S&P/TSX and S&P500. Amazingly, to my surprise, my returns are close to S&P500 returns (this wasn’t the case earlier in the year).
To get to this page, log into Wealthica and click on “add-ons” then click on “Performance Report” in the drop down box. You’ll be able to see how your portfolio compares to the S&P/TSX and the S&P 500 (but it doesn’t include the dividends).
My April 2021 forward dividend income was $17,979, my April 2022 forward dividend income is $24,590 so my YoY increase is around 37%.
Here’s how my forward dividend yield looks like in 2022 compared to the last few years.
This post may contain affiliate links. Please see genymoney.ca’s disclaimer for more information.
Related: 10 Income Producing Assets to Achieve Financial Freedom
This chart shows my forward dividend income. For my actual dividend income received, I just check my Wealthica account really quickly and it takes 1 minute to do, as part of the income add-on (which is free). You just click on the add-on section, then click on income, and toggle the dates to what you are looking to review.
I use Wealthica (it’s like the Canadian version of Personal Capital) to see my dividend income added up for the month because it automatically converts USD to CAD for me, no more calculating it manually (though that’s always fun).
You can read my Wealthica review here if you’re interested in it– it’s free to sign up for!
I love it as it works especially well with my Questrade accounts because of the API access and the graphing capabilities of Wealthica are much better than Questrade.
Passiv also gives you very detailed information about your dividend income and Passiv Elite is free for Questrade users. You can even see your time-weighted returns for the past 12 months or year to date.
It also breaks down exactly how many dividends you received from with companies or ETFs month by month into a pretty colour coded format.
You can sign up for a free Passiv account here to look at your dividends received.
If you prefer your own spreadsheet instead, and you’re interested in getting your own dividend income spreadsheet tracker, sign up for a free download here.
I like tracking upcoming payments and ex-dividend dates using the Dividend Predictor App. I think it’s worth the $1 a month or so.
Here are the companies and ETFs that paid dividends in April 2022. It was a lower than average payout month.
- Power Corporation of Canada (POW.TO)
- iShares S&P/TSX Capped REIT Index ETF (XRE.TO)
- Altria Group (MO)
- Telus Corporation (T.TO)
- Riocan Real Estate Investment Trust (REI-UN.TO)
- BMO Laddered Preferred Share ETF (ZPR.TO)
DIVIDEND PORTFOLIO CHANGES
Here are some of the portfolio changes last month:
- Bought more Vanguard Global All Cap ex-Canada ETF (VXC.TO)
- Bought more Vanguard Emerging Market ETF (VEE.TO)
- Bought more National Bank of Canada (NA.TO)
- Bought more Vanguard Index Funds Total Stock Market ETF (VTI)
Here are some of my favourite five Canadian dividend stocks if you’re interested.
How did your blood bath April go?
GYM is a 30 something millennial interested in achieving financial freedom through disciplined saving, dividend and ETF investing, and living a minimalist lifestyle. Before you go, check out my recommendations page of financial tools I use to save and invest money. Don’t forget to subscribe for blog updates, a free dividend yield spreadsheet, and the free Young Money Bootcamp eCourse.