March was another great month for me full of dividends and travel. In fact, it was March Madness. Not the college basketball kind, but the financial kind!
Travel
Have you read, “Die with Zero” (paid affiliate link), the book by Bill Perkins? A brief summary of the book as provided by Blinkist:
Die with Zero by Bill Perkins is a personal finance book that encourages readers to live their lives to the fullest by spending wisely and deliberately. It provides practical advice for prioritizing spending on experiences that bring joy and fulfillment, rather than material possessions.
In 2024, I am trying to prioritize spending more on experiences that bring me happiness. So in March, I spent time with my parents in Florida and an additional three weeks at my home in Mexico (after spending all of January and a bit of December there as well). If I never see snow again I’ll be a happy boy.
My parents are aging and it was great to spend time with them in Florida by the pool, dining al fresco on their patio, playing pickle ball, and hosting them at my Mexican Casa where we enjoyed outdoor fine dining, days at the beach, and just tourist site seeing.
Below are some pictures of my time in Florida and Mexico. If you want to know more about owning a foreign property in Mexico, check out my post on it!
March 2024 Dividend Income
Now to the money stuff. My March 2024 dividend total is $6,240.53.
This means that in March:
- I earned $201.31 every day from dividends.
- I earned $37.15 per hour from dividends (assuming a 9-5pm job).
- I earned $11.92 every hour of every day of the month from dividends.
- My top 3 dividend earners this month were all in the energy sector and were 37% of my monthly dividend total:
- Enbridge – ($1,298.39) – 21%
- SUNCOR ENERGY INC – ($549.91) – 9%
- CANADIAN UTILITIES LTD – ($461.26) – 7%
- My equity purchases totalled $11,710.38
- I added $8,971.75 of new capital this month.
- I earned $29.02 in interest income this month from my cash bucket
- I started a new position in TOU – Tourmaline Oil Corp
Other Income Sources
Not included in my Dividend total for March, is my rental sources of income:
- Mexico vacation property: $2,415 USD (3,302.08 CAD)
- Toronto rental property: $1,850.00
- Interest: $54.78
Adding all sources of income for March 2024 (dividends, interest, and real estate income), my gross income for January was $11,447.39 (excluding income from my day job).
Dividend Categorical Breakdown: $6,240.53
Financial
- First National Financial – $125.55
- Manulife Financial – $416.80
- SUN LIFE FINANCIAL INC – $248.01
- GREAT-WEST LIFECO INC – $114.33
- EQB INC – $107.27
Energy
- Enbridge – $1,298.39
- FORTIS INC – $416.43
- CANADIAN UTILITIES LTD – $461.26
- TOURMALINE OIL CORP – $44.82
- SUNCOR ENERGY INC – $549.91
- PEMBINA PIPELINE CORP – $419.86
- Brookfield Renewable Partners LP – $108.61
Technology
- Intel – $4.41
Bonds
- ZFL-BMO Long Federal Bond ETF – $188.42
- ZCS-BMO Short Corp Bond – $7.89
- XSH – IShares Core CDN Short ETF – $4.86
Consumer
- Johnson & Johnson – $14.55
- UNILEVER PLC – $17.25
Index Funds / ETFs
- QUU-Mackenzie US Large Cap Equity Index ETF – $31.08
- QCN-Mackenzie Canadian Equity Index ETF $163.33
- VTI – Vanguard Index STK MKT ETF – $455.71
- Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF – $143.22
- BMO LADDERED PREFERRED SHARE INDEX ETF – $4.95
Real Estate / REITs
- VNQ – Vanguard Index FDS REIT – $107.47
- CI First Asset Canadian REIT ETF – $6.35
- XRE-iShares S&P/TSX Capped REIT Index ETF – $9.72
- RIOCAN REAL ESTATE INVESTMENT TRUST – $74.46
- SMARTCENTRES REAL ESTATE INVESTMENT TRUST – $122.10
- CT Reit – $21.33
- Artis REIT – $8.10
- Northwest Healthcare Prop REIT – $7.44
- Choice Properties REIT – $25.50
- Morguard Real Estate Investment Trust – $10.18
- Primaris REIT – $2.59
- H&R Real Est Inv TR – $7.50
- Canadian APT Pptys Reit – $24.17
Transportation
- CANADIAN NATIONAL RAILWAY – $64.22
Infrastructure
- BN-Brookfield Corp – $6.85
- Brookfield Asset Management Ltd – $77.54
- Brookfield Infrastructure Corp – $166.64
- Brookfield Business Partners L.P – $1.70
- Brookfield Infrastructure Partners L.P – $142.31
Stuff I love
Thank you for reading this far. Below is a list of stuff I love. The list does contain referral links.
WealthSimple Trade: Trade stocks at no cost / zero commission. Great if you want to buy a small amount of shares in companies on a regular basis.
Questrade: A solid platform for investors looking to purchase individual stocks and ETFs. Fees are low to purchase stock compared to higher fees traditionally found to purchase shares through traditional big bank platforms and ETF purchases are free. My referral code: 815820681448330
Addy: This platform enables investors who don’t want the hassle of being a landlord and/or who can’t afford pricey residential real estate, to gain access to real estate investing for as little as a $25 annual membership (something Addy recently added to their platform in terms of an upfront membership fee – note there are properties you can access without paying the membership fee but you’ll have access to fewer properties to invest in). Click my referral link.
Wealthica: A secure way to track all your investments and progress in one place, including net worth, dividend, distribution (from Real Estate Investment Trusts (REITS) for example), and interest income, etc. They also produce handy visuals so you track your financial independence goals in a visual way. (I use Wealthica everyday and I highly recommend it for my Canadian friends/readers. Use my promo code: WDDividendDaddy10 and get 10% off the yearly premium subscription).
Simplii Financial: Tired of paying monthly fees for chequing accounts and paper cheques but still want easy access to bank machines at no cost? Simplii Financial allows unlimited bank machine transactions at CIBC bank machines and no cost banking.
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