It looks like you’ve shared a detailed update on your dividend income for September 2024, along with insights into your investment strategy and portfolio management. Here’s a summary of the key points:
September 2024 Dividend Income Update
- Investment Strategy:
– You maintain a hybrid portfolio consisting of Canadian stocks in taxable accounts for income and growth, alongside low-cost ETFs in registered accounts (RRSPs, TFSAs, LIRA) for diversification.
– Emphasis on “staying boring” as an effective investment approach.
- Dividend Increases:
- Several Canadian companies have increased their dividends this year, including Fortis (FTS), which has raised its dividend by 4%, marking 51 consecutive years of increases.
- Other notable increases include BEPC (5%), BIPC (6%), and CNQ (5%).
- LIRA Management:
- Your LIRA includes equity ETFs HEQT and QQQ, both showing strong year-to-date performance (+17% and +20%, respectively).
– You’ve made minimal changes to your LIRA since its inception in 2001.
- Projected Annual Dividend Income (PADI):
– The current PADI is projected at approximately $3,886.25 per month or over $127 per day.
- This represents a significant increase compared to ten years ago when annual dividend income was five times lower.
- Future Plans:
– Looking ahead to January 2025 for potential TFSA contributions while continuing to focus on non-registered investments like Tourmaline (TOU) or other Canadian stocks such as CNQ.
- Personal Finance Philosophy:
- Reinforces the idea that personal finance is individualistic; what works for you may not work for others.
- Engagement with Readers:
Encourages readers to ask questions about monthly updates through an FAQ page linked in the post.
This update reflects thoughtful management of your investments aimed at achieving financial independence through dividends while preparing strategically for future contributions and market conditions. If you have any specific questions or need further analysis on any aspect of this update, feel free to ask!It looks like you’ve shared a detailed monthly update from Mark Seed, the founder of My Own Advisor, regarding his hybrid investment portfolio and dividend income for September 2024. Here’s a summary of the key points:
Overview of Investment Strategy
- Hybrid Portfolio: Established nearly 15 years ago, it consists of:
– A mix of Canadian stocks in taxable accounts for income and growth.
– Stocks and low-cost ETFs in registered accounts (RRSPs, TFSAs, LIRA) for diversification.
Dividend Income Updates
- Several Canadian companies increased their dividends in 2024:
– Fortis (FTS): Increased by approximately 4.2%, marking its 51st consecutive year of dividend increases.
- Other notable increases include BEPC (5%), BIPC (6%), CNR (7%), CNQ (5%), GWO (7%), among others.
Performance Highlights
- The author has seen significant returns from equity ETFs:
- HEQT: Up about 17% YTD.
– QQQ: Up closer to 20% YTD.
Projected Annual Dividend Income
- The projected annual dividend income is now averaging about $3,886.25 per month or over $127 per day.
- This represents a five-fold increase compared to ten years ago.
Future Considerations
- Plans to add more shares in Tourmaline or other Canadian stocks like CNQ in non-registered accounts.
- More investments into XAW within RRSPs are also planned as they prepare for TFSA contributions starting January 2025.
Conclusion
Mark emphasizes the importance of staying consistent with a boring yet effective investment strategy focused on dividends. He encourages readers that personal finance is personal and that different strategies may work better for different individuals.
If you have any specific questions or need further details on any aspect mentioned above, feel free to ask!
