In January 2016 we had been looking for a different way to reach our financial goals. My family and I wanted our money to start working for us. One quote that really hit home was Warren Buffets saying “If you don’t find a way to make money while you sleep, you will work until you die”. So doing some financial homework, a great strategy was dividend investing and the powers of compounding interest. Currently we have been collecting dividends for 15 months and below you will find a chart of dividends received each month:
You can see above March 2017 was the highest our dividends hit by receiving $119.01. This is an increase of 623% compared to March 2016.
Some may ask what we did with the dividends? Did we pay a bill? Go out for dinner? Put it towards an upcoming purchase?
The answer is we reinvested it back into the portfolio to reap the benefits of compounding interest. The plan is too continue doing so until the dividends pay for all our day to day expenses. Please note that each month additional funds are added to my portfolio.
Dividends received
| Company | Ticker | Dividend |
| Accord Finacial Corp | ACD.TO | $9.00 |
| Boardwalk REIT | BEI.UN | $4.31 |
| Northview Apartment REIT | NVU.UN | $13.58 |
| ARC Resources Ltd | ARX.TO | $3.45 |
| Alta Gas Ltd | ALA.TO | $5.78 |
| Freehold Royalties Ltd | FRU.TO | $2.28 |
| Gamehost Inc | GH.TO | $5.18 |
| Granite Oil Corp | GXO.TO | $10.89 |
| Healthcare Leaders Income Fund | HHL.TO | $7.00 |
| Superior Plus Corp | SPB.TO | $4.74 |
| Manulife Financial Corp | MFC.TO | $24.60 |
| Tahoe Resources Inc | THO.TO | $5.28 |
| Diversified Royalty Corp | DIV.TO | $0.44 |
| Exco Technologies | XTC.TO | $22.48 |
| Total | $119.01 |
I’ve made a few changes to my portfolio in late March that I will be discussing what was added and what was removed in my next post.
Please leave a comment if you wish as I appreciate any feedback!
Invest in yourself
