My Monster Money Haul for January 2024

This month was a record dividend haul. In other words, it was a monster money haul for me. But first, what good is passive income from dividends, if you can’t create experience dividends from travel with those you love?

Travel

This month I spent part of it at my vacation property in Mexico. I escaped Canada in late December and spent almost a month down south enjoying the sunshine and laid back vibes of the sunny beach town that is Puerto Vallarta (PV).

I was fortunate to have my parents stay with me. They took the Master bedroom and I stayed in the guest bedroom. There are two bedrooms, two full bathrooms, and two balconies so there is lots of space to host. Part of my why for FI (Financial Independence) was to spend more time with family (and friends) and with two bedrooms at my vacation property, this is a reality for me now. I’m heading back down for most of March this month, and a friend from back home is visiting for about a week.

Are you planning on taking your own trip to PV? Check out my Instagram page to learn more about my vacation property listing and this blog post from yours truly on things to keep you busy during your stay.

By popular demand from a recent Tweet about my vacation property, I will post a more in-depth blog entry on my property and financing it, taxes, residency, and property management, etc.

At my vacation property in Mexico 🇲🇽🌮

During the high season from December to date 🗓️

I've made $12,352 USD in income 💰

While vacationing 22 of those days myself ⛱️☀️😎#vacationrental #STR #Airbnb #vacations #investmentproperty pic.twitter.com/6yiw1qrZ3e

— Dividend Daddy (@DividendDaddy1) March 3, 2024

My January 2024 dividend total is $11,747.44

This means that in January:

• I earned $378.95 every day from dividends.
• I earned $66.75 per hour from dividends (assuming a 9-5pm job).
• I earned $15.79 every hour of every day of the month from dividends.
• My top 3 dividend earners this month were in the financial and telecomm sectors and were 33.2% of my monthly dividend total:
  1. Bank of Nova Scotia – ($1,421.03) – 12.1%
  2. CIBC – ($1,319.44) – 11.2%
  3. BCE Inc. – ($1,158.06) – 9.9%

• 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

Not included in my Dividend total for January, is my rental sources of income:

1. Mexico vacation property: $3,021.43 USD (4096.14 CAD)
2. Toronto rental property: $1,850.00

Adding all sources of income for January 2024 (dividends, interest, and real estate income), my gross income for January was $17,722.60 (excluding income from my day job).

Dividends $11,747.44

Financial

1. First National Financial – $126.58
2. Bank of Nova Scotia – $1,421.03
3. CIBC – $1,319.44
4. TORONTO-DOMINION BANK – $1,117.88

Telecomm

1. BCE INC – $1,158.06
2. TELUS CORPORATION – $618.21

Real Estate

1. VNQ – Vanguard Index FDS REIT – $153.64
2. XRE-iShares S&P/TSX Capped REIT Index ETF – $20.08
3. CI First Asset Canadian REIT – $6.35
4. RIOCAN REAL ESTATE INVESTMENT TRUST – $72.45
5. SMARTCENTRES REAL ESTATE INVESTMENT TRUST – $122.10
6. CT Reit – $21.33
7. Artis REIT – $8.10
8. Canadian APT Pptys Reit – $24.17
9. H&R Real Est Inv TR – $22.50
10. Choice Properties REIT – $25.50
11. Northwest Healthcare Prop REIT – $7.44
12. Primaris REIT – $2.59

Energy

1. Canadian Natural Resources – $473.14
2. ALGONQUIN POWER & UTILITIES CORP – $340.20
3. TC ENERGY CORP – $497.55
4. CAPITAL POWER CORPORATION – $277.37

International

1. VTI – Vanguard Index STK MKT ETF – $477.60
2. EEMV-iShares MSCI Emerg Min Vol ETF – $976.31
3. IEFA-IShares Core MSCI EAFE – $644.53
4. ZEA-BMO MSCI EAFE Index ETF – $362.95
5. Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF – $242.87
6. XSP-iShares S&P 500 Index ETF (CAD-Hedged) – $340.99
7. ISHARES CORE MSCI ALL CTRY WORLD EX CDA INDEX ETF – $475.55

Bonds

1. ZCS-BMO Short Corp Bond – $7.89
2. ZFL-BMO Long Federal Bond ETF – $188.42
3. XSH – IShares Core CDN Short ETF – $9.64

Consumer

1. Altria Group Inc – $86.89

Other

1. PARK LAWN CORPORATION – $5.13
2. Medical Facilities Corp – $87.91
3. BMO LADDERED PREFERRED SHARE INDEX ETF – 4.95

Purchases $11,710.38 ($8,971.75 of new capital)

Stocks and ETFs I purchased in January 2024 are listed below:

• 2.9564 shares of CM – Canadian Imperial Bank Of Commerce
• 9.093 sharess of BN – Brookfield Corp.
• 24.0039 shares of CNQ – Canadian Natural Resources Ltd.
• 2 shares of SLF – Sun Life Financial, Inc.
• 4.9193 shares of KO – Coca-Cola Co
• 1 share of MO – Altria Group Inc.
• 5.103 shares of VTI – Vanguard Group, Inc. – Vanguard Total Stock Market ETF
• 8.8027 shares of EQB – EQB Inc.
• 46 shares of ISHARES CORE MSCI ALL CTRY WORLD EX CDA INDEX ETF
• 3.1357 shares of NA – National Bank Of Canada
• 0.5605 shares of BMO – Bank of Montreal
• 5 shares of FTS – Fortis Inc.
• 2 shares of BCE – BCE Inc
• 30.4908 shares of TOU – Tourmaline Oil Corp 
• 10.6961 shares of CPX – Capital Power Corp 
• 0.7997 shares of BIPC – Brookfield Infrastructure Corp
• 1 share of TRP – TC Energy Corporation
• 6 shares of BEP.UN – Brookfield Renewable Partners LP
• 15 BAM – Brookfield Asset Management Ltd (Class A)

Stuff I Love

Thank you for reading this far. Below is a list of stuff I love. The list does contain referral links.

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.

WealthSimple RoboAdvisor: As they say, it’s “Investing on autopilot”. Ideal for beginners who want to get into investing and build a hands-off portfolio of low-cost globally diversified funds, or for those that just prefer to do other things than worry about their investments.

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.

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).