Wednesday, 18 March 2015

$2,893,298 My Net Worth Update March 2015


My Net Worth Update March 2015


    March 18 / 2015  : Updated every mid month

    ASSETS

Home 2015 assessed value                                  total                 $1,253,000

-Equity Investments
Tax free saving account TFSA -                 $40,502
Retirement saving plan RSP -                  $147,600
Canadian margin account -                      $158,950
US margin account ( Ex Rate 1.257)-      $206,181
margin available $163,433
                                          
                                                                   Equity   total:                 $553,233

-Commercial Rental Property
Warehouse 2300 sqft Income Property 2015 assessed value
                                                         
                                                                               total:                 $319,000
 -Residential Rental Property
Rental Home 3200 sqft Income property 2015 assesed value
                                                                               total:                 $667,000
-Start Up Company
Brewery start up share value
                                                                               total:                   $85,000

-Cash                  
Checking account                                        $6,141
Business account                                        $9,924
     
                                                                               total:                  $16,065

                                                                  

                        
                         January 2015 Grand Total Net Worth:      $2,893,298



                                                Gain/loss from last month -$3,307
 

Feb.   2015  : $2,896,605 Details Link +$725,060
Jan.    2015  : $2,171,545 Details Link  +$44,214

Dec.   2014  : $2,127,331 Details Link  -$33,547
Nov.   2014  : $2,160,878 Details Link  + $49,867
Oct.     2014 : $2,111,011 Details Link  - $28,473
Sept.    2014 : $2,139,484 Details Link + $13,390
Aug.    2014: $2,126,094 Details Link + $14,613
July    2014  : $2,111,481 Details Link  + $5,584
June    2014 : $2,105,897 Details Link   + $3,165
May    2014 : $2,102,732 Details Link




In Summary-


Not much happening this month. Slight loss of $3,307 as markets are bouncing around a bit affecting my stock portfolio . My cash on hand and debt are going in the right direction which I don't mind. The Canadian dollar continues to get weaker and Oil stocks which I am heavy in is still bouncing around all time lows. But what the heck is with the prices at the pump. I am paying prices that are equivalent to $100 oil barrel prices right now, least you can do is drop the price at the pump or my stock price you greedy bastards! Oh well it will catch up soon enough!

I am getting set to purchase a new lot for building my new home so I am playing it safe in the markets right now. I am focusing on paying down debt to get ready for all this. Financing has been a little bit tricky and I am just trying to play the close date on the purchase so I don't have to carry debt until I need to. Right now I got the new lot surveyed already and working on house plans with an architect. So I have officially committed to this next move into building a new house and selling my old one. With all said and done I will be in a much better financial position this time next year.

For this build to happen I need some things to fall into place. I need to sell my home and secure financing. Worst case scenario is that  I will sell my equities until my home sells and then repurchase them. Not my ideal choice or the most tax efficient but crunching the numbers it is better than getting a private loan at 6% interest.

In other news my brewery investment is coming to fruition and should be open for business next month! Hip Hip Hooray!

In family news my nephew that has come live with us is doing alright. He still does not talk to me much. It has been a challenge for him to open up. He is enrolled in air cadets and enjoying it. I make sure he is on top of his schooling with homework. Hopefully in time he will communicate more as its a tough situation.

Stay tuned for more posts!



Here is a pic of me working on the main floor layout. Thinking of losing the mudroom and making the powder room/ pantry and kitchen bigger!

Sunday, 1 March 2015

February 2015 Dividends , Options , Adsense and Interest Monthly Report


 
Steady dividend payers , Steady Apple options premiums as it it continues its upward movement,  Adsense steady and mildly improved , Interest on my margin is going down as I continue to pay it down. Pretty much business as usual.

Right now I am buying some time. I am working on buying a lot to build a new home. So far I have a lot secured but the trouble is financing. Mortgage brokers are making me jump through a few hoops to get it done. I will be pulling equity out of the rental home I just purchased for the lot. I will then try and pull some equity out of my home for the building costs. It is all a bit of a tight rope walk till I figure out the particulars. Will have a post soon on the details on why I am doing all this but I hate to count my chickens before they are hatched.



February 2015 Dividends Paid
        Monthly payers
 86.63  - HR.UN HR Reit
232.65 - AX.UN Artis Reit
177.32 - D.UN Dream Office Reit
133.34 - DRG.UN Dream Global Reit
 94.38 - REI.UN RioCan Reit
123.75 - RMM.UN Retrocom Reit
105.00 - BTB.UN BTB Reit
  80.50 - CPG Crescent Point Energy
 18.33 - SJR.B Shaw Communications
 25.70 - ENF Enbridge Income fund
 19.00 - CJR.B Corus Entertainment
 20.00 - BTE Baytex Energy
183.75 - CUF.UN Cominar Reit
   Quarterly Payers
141.00 - TD Toronto Dominion
105.00 - RY Royal Bank
 72.00 - BMO Bank of Montreal
 15.00 - COS Canadian Oil Sands
 52.83 - VZ Verizon
 37.74 - CLX Clorox
 30.60 - CL Colgate Palmolive
 63.11 - KMI Kinder Morgan
 82.25 - T AT&T
  8.63 - PFF Ishares US pref stock
282.00 - APPL Apple
35.40 - PG Proctor and Gamble

$2,225.91 - TOTAL



Total options premiums in February
  $2,469.00
 Options Notes -
- Playing Apple with selling puts.


Total interest paid for margin for February
$343.29



Adsense for my blog in February 2015  $20.42
- 11,740 : Pageviews for February
- 15 : Number of ad clicks


2015 Running Dividend Total                 $4,372.32
2015 Running Interest Total                      $860.50
2015 Running Option premiums total   $5,774.92
2015 Running Adsense total                       $39.92

2015 Breakdown   Dividends     Options       Interest      Adsense 
- February              $2,225.91     $2,469.00     $343.29      $20.42
- January                $2,146.41     $3,305.92     $517.21      $19.50
----------------------------------------------------------------------------------
TOTALS  2015      $4,372.32     $5,774.92     $860.50      $39.92





2014 Breakdown   Dividends     Options       Interest      Adsense
- December           $2,268.05       $657.49     $396.00        $16.17
- November          $2,182.56       $616.81      $501.82        $10.86
- October               $2,499.87    $2,167.48     $538.20
- September           $2,088.65    $1,518.76     $318.73
 - August                $1,482.38                           $87.79
 - July                     $1,239.74
 - June                       $608.62
 - May                       $531.13
------------------------------------------------------------------------------------
TOTALS  2014       $13,291.20    $4,960.54   $1,842.54     $27.03

Saturday, 14 February 2015

$2,896,605 My Net Worth Update February 2015


My Net Worth Update Feburary 2015


    February 14 / 2015  : Updated every mid month

    ASSETS

Home 2015 assessed value                                  total                 $1,253,000

-Equity Investments
Tax free saving account TFSA -                 $42,076
Retirement saving plan RSP -                  $145,343
Canadian margin account -                      $167,647
US margin account ( Ex Rate 1.2449)-    $204,848
margin available $212,649
                                          
                                                                   Equity   total:                 $559,914

-Commercial Rental Property
Warehouse 2300 sqft Income Property 2015 assessed value
                                                         
                                                                               total:                 $319,000
 -Residential Rental Property
Rental Home 3200 sqft Income property 2015 assesed value
                                                                               total:                 $667,000
-Start Up Company
Brewery start up share value
                                                                               total:                   $85,000

-Cash                  
Checking account                                        $2,559
Business account                                       $10,132
     
                                                                               total:                  $12,691

                                                                  

                        
                         January 2015 Grand Total Net Worth:      $2,896,605


                                                Gain/loss from last month +$725,060
 

Jan.    2015  : $2,171,545 Details Link  +$44,214
Dec.   2014  : $2,127,331 Details Link  -$33,547
Nov.   2014  : $2,160,878 Details Link  + $49,867
Oct.     2014 : $2,111,011 Details Link  - $28,473
Sept.    2014 : $2,139,484 Details Link + $13,390
August 2014: $2,126,094 Details Link + $14,613
July    2014  : $2,111,481 Details Link  + $5,584
June    2014 : $2,105,897 Details Link   + $3,165
May    2014 : $2,102,732 Details Link








 In Summary-



 Big Month here with a huge increase to my Net Worth to a positive amount of $725,060. Wow!!!

Factors that have contributed to the increase:

The big one is plus $667,000 which is the the new home I purchased from my parents early inheritance. I am very grateful for the gift from them and will use it responsibility. I will not blow it on anything for myself like cars,  jewelry , presents  or vacations but rather to use it to further grow my investments.

The second big one is the strong 2015 so far in the markets and the weakening of the Canadian dollar compared to the US greenback. My account value in Canadian dollars surged from $505,508 last month to $559,914 this month for an increase of $54,406. My Reit stocks have rebounded greatly in this time as well as slight rebound in oil and a good run from my apple stock. Dividends and options premiums have also been strong this month which I likey.

In other news:
My brewery investment is starting to come together. We have our first big meeting tomorrow where all the investors are getting together for the first time and going to see the progress. Lots of the equipment have arrived and things are really moving. Spring is looking good for official launch.




I am also working on another house deal right now. I am just trying to figure out how much I can get financing for it before I move forward. I have a couple of options on it, ether just do small amount of work and flip it for a small gain or build a house on it for a larger payout. All depends on financing and rates at this point.


Also I have an update from my last POST where I have recently took in my nephew to come live with me full time. I got him a new look before school started. I got him a good haircut from my barber and for the first time he is using a bit of hair product in his 12 year old head. I also bought him a new wardrobe. I went into a youthful skater, surfer store and the girls working there helped us tremendously and transformed him into a hip looking young dude. He now has skinny jeans, joggers ( which I dont understand lol) Some kool t-shirts , hoodies , couple sweaters and a fresh pair of DC shoes. He was so excited he wore one whole outfit out of the store.

That night the school close to me called and said they had room for him and to start the next day in grade 7. The next day as we were walking to the school to get him all sorted a bunch of kids came up to him and said "Hey are you new? "Ya" "Awesome my name is Josh and these are my friends" After school when we picked him up he said he had the best day ever. He was beaming. He said he made lots of new friends and everyone was so incredibly nice to him. He was also in a bit of culture shock from being a minority in his old school where the kids would not speak English (90% Asian) to all the kids speaking English. I looked up the school rating from his old school and they were in the bottom 5% in the province ouch! This new public school is in the top 10% ranking of all schools which is great. I hope the next week he enjoys it as much as the first day.

I also made inquires to get him into Tae Kwon Doe and also Air Cadets. I think both are strong options for him to help mold him into a responsible, caring, self aware , confident man. I am really digging this cadet course as its free paid for by the government. What kid doesn't like learning how to use a rifle, go skiing and fly in small aircraft and gliders.

Stay tuned for more updates. Til then Grind On and Good Day!

Tuesday, 10 February 2015

Well I am a new father! But the kid is not mine!

Wow, so much going on in my life right now. I will start with the elephant in the room.

I am a new father of a twelve year old boy that is not my own. My wife's sister has struggled with drug addiction since she was 14. She has recently become quite withdrawn and our worst fears have come true. She is using heroin again daily and resorting to prostitution for money. She had an overdose recently and social services took away her child and allowed the child into our care.

Its a tough pill to swallow. The sister does not want help with her addiction and I personally think its her last ride. I feel bad for the kid. He is kind hearted and so far a week in listens to what we say. He has no confidence, no friends, socially awkward and no self worth. His mom lives hours away and he is getting homesick.



We are trying to do our best to make him feel comfortable, we gave him a big room to stay in he can call his own, we are trying to get him more physically active as he is a bit pudgy , we are cutting out his 3 cans a coke day habit and getting him on track by eating healthy whole foods and home cooked meals instead of fast food. I am going to take him shopping for some new clothes and a haircut before we get him in a new school. I was thinking of getting him into karate or tae kwon doe to teach him some respect for others, self respect and confidence. Scouts and cadets is also a possibility since he needs strong male support since his dad has never been in the picture.

I really think this is going to be a forever type of thing and I have to adjust for the future. I have the wife looking into financial assistance for this type of situation and programs like counseling and tutoring for the kid which he desperately needs.

I could have easily told the wifey I did not want him here at the house and send him off to his grandma , her other sisters family or even foster care but I believe this is the right thing to do since we are able too. Its hard for me to process everything right now but I will keep doing what I think is right and give this kid a chance at a good life.

I have always believed in saving for a rainy day and lucky I did. Being financially independent has provided me the opportunity to help many others. This just cements my long term outlook in grinding forward and living within our means. Yes I like the finer things in life like a shiny new Ferrari but it would be financially irresponsible and just selfish.

If anyone has some advice on this matter please suggest something to make the transition easier. My life has been turned upside down since.



In business news .

 I have my new rental sorted out to a family of five for $3600 a month which I am quite happy about. Also I have been looking into another house. Its basically a tear down home and the place is just lot value. I plan on building a home and flipping it for some good profits. Details will come soon in a post.

Saturday, 31 January 2015

January 2015 Dividends , Options , Adsense and Interest Monthly Report


 Another consistent month for dividend paying stocks. A few of my oil stocks have cut their dividends down but it is as expected and did not really make a dent.

Options activity really picked up. I am at my highest Premium month ever with over $3,300. This consisted of playing Apple puts. I sold weekly puts and they all expired worthless as Apple stock rose upwards. Just wished I played it even more lol, but nobody has a crystal ball and I should be happy for the premiums I received.

Interest paid out was a bit higher but it consisted of lat month when I borrowed 100k on margin to make an Apple stock flip for a couple thousand in profit.

Adsense activity is up a but from 2 good days primarily and pageviews are an improvement from last month.



December 2014 Dividends Paid
        Monthly payers
 86.63  - HR.UN HR Reit
232.65 - AX.UN Artis Reit
177.33 - D.UN Dream Office Reit
133.34 - DRG.UN Dream Global Reit
 94.36 - REI.UN RioCan Reit
123.75 - RMM.UN Retrocom Reit
105.00 - BTB.UN BTB Reit
  80.50 - CPG Crescent Point Energy
 18.33 - SJR.B Shaw Communications
 25.70 - ENF Enbridge Income fund
 18.17 - CJR.B Corus Entertainment
 20.00 - BTE Baytex Energy
   Quarterly Payers
  80.00 - T Telus Corp
  61.76 - RCI.B Rogers Communications
 30.00 - HSE Husky Energy
 22.50 - CNQ Canadian Nat Resources
135.85 - BCE BCE Inc.
 37.22 - AGU Agrium
113.30 - CIBC CIBC Bank
 66.00 - BNS Bank of Nova Scotia
 26.40 - TRP TransCanada
 41.16 - KMB Kimberly Clark
 41.27 - PEP Pepsico
 40.25 - GE General Electric
 32.27 - BAX Baxter
 40.80 - WMT Walmart
 36.90 - TOT Total SA ADR
 63.81 - PM Philip Morris
 38.56 - DOW Dow Chemical
122.60 - GSK GlaxoSmithKline

$2,146.41 - TOTAL



Total options premiums in December
  $3305.92
 Options Notes -
- Playing Apple with selling puts aggressively before earnings, was easy money this month.


Total interest paid for margin for January
$3517.21



Adsense for my blog in December $19.50
- 12,321 : Pageviews for January
- 20 : Number of ad clicks


2015 Running Dividend Total                 $2,146.41
2015 Running Interest Total                      $517.21
2015 Running Option premiums total   $3,305.92
2015 Running Adsense total                        $19.50

2015 Breakdown   Dividends     Options       Interest      Adsense
- January                $2,146.41     $3,305.92     $517.21      $19.50

2014 Breakdown   Dividends     Options       Interest      Adsense
- December           $2,268.05       $657.49     $396.00        $16.17
- November          $2,182.56       $616.81      $501.82        $10.86
- October               $2,499.87    $2,167.48     $538.20
- September           $2,088.65     $1,518.76     $318.73
 - August                $1,482.38                           $87.79
 - July                     $1,239.74
 - June                       $608.62
 - May                       $531.13
------------------------------------------------------------------------------------
TOTALS  2014       $13,291.20    $4,960.54   $1,842.54     $27.03