I am still alive. I will post an update hopefully within the week I am working on and give everyone a financial update.
In brief. I luckily cashed out most of my equity positions in the summer, before the current market slowdowns. Lucky Lucky Lucky me. I put my cash towards purchases of Victoria BC Canada real estate at that time. It has since gone up 12% Lucky Lucky Lucky.
I will break down my moves soon enough and update my net worth.
Canadian and US Dividend growth stock strategy for the Grinders out there
Monday 8 February 2016
Thursday 2 July 2015
Taking a breather right now
My blog is going to be taking a breather right now as I have too much going on. I plan on coming back at some point when I am back on track and things slow down.
Right now I am
1. Fixing up my home to get ready to list it for sale.
2. Working on new home I am building. Tough job making a billion decisions to basically design it myself. I think I may get the help of an interior designer for some of the finer details (colors,wallpaper,fixtures)
3. Dealing with my nephew and kids. Schools out and got to keep them busy especially when I have tradesmen coming through our home.
4. Brewery is up and running. Grand opening went well and so far so good. I am barely ever there but I visit every other week. Hopefully we get our first dividends by years end.
5. New business. After crunching housing numbers in my area my cousin and I have decided to go into business on home developments. We are looking at building 3 homes for quick resale. We are looking at about a 25% gain at the end of the day give or take. We hope to have this built within 7-8 months and sold within a year. For a total profit of 300-350k each.
This has been taking up the majority of my time as I am doing all the work and my cousin is mostly just putting up the money for it. We work well together and we are both quite level headed. I have to raise some money for all of this as I need north of 1 million on my end. looks like I will be liquidating some property and stocks in order for this to happen, also probably will be borrowing a little bit.
6. Switching over accountants to get someone in town that can handle, my personal,wifes, corporate and new business accounts. God damn I hate taxes and file preperation
7. Dealing with a lawyer for all the property purchases, new company formation, restructuring my personal corp, mortgage signing.
Overall Its gonna be a busy summer for me. i do want to get more full on with equities at some point and build an entirely passive income but right now I am still focused on net worth growth. there is a certified financial planner part time night course starting in September I am interested in taking but I may to busy to do so. I am also quite interested in possibly getting my realtors license so I can buy and sell my own homes to cut out commissions lost. Oh well you never stop learning.
Funny thing about being someone with a good net worth is that everybody thinks I am broke. I don't spend much, I drive a cheap Honda , I don't have very nice clothes, no jewelry, I haven't had a vacation in years. My realtor on the other hand is the opposite, 10k watch, 50k Mercedes, quite a few fancy suits with 500$ shoes, live in nanny, heavily leveraged house, splurges on everything. Yet this guy is living paycheck to paycheck and has a negative net worth living off credit. It boggles my mind how people can live like this. People like this I want to shake the shit out of and get them on the right track but I cant change everyone I realize.
For me I will keep grinding until i die. I love money and growing it. I rather grow it than spend it. I will splurge a percentage here and there only after the money is in the bank from a deal here and there.
Until my next post Good Day and Grind On!
Right now I am
1. Fixing up my home to get ready to list it for sale.
2. Working on new home I am building. Tough job making a billion decisions to basically design it myself. I think I may get the help of an interior designer for some of the finer details (colors,wallpaper,fixtures)
3. Dealing with my nephew and kids. Schools out and got to keep them busy especially when I have tradesmen coming through our home.
4. Brewery is up and running. Grand opening went well and so far so good. I am barely ever there but I visit every other week. Hopefully we get our first dividends by years end.
5. New business. After crunching housing numbers in my area my cousin and I have decided to go into business on home developments. We are looking at building 3 homes for quick resale. We are looking at about a 25% gain at the end of the day give or take. We hope to have this built within 7-8 months and sold within a year. For a total profit of 300-350k each.
This has been taking up the majority of my time as I am doing all the work and my cousin is mostly just putting up the money for it. We work well together and we are both quite level headed. I have to raise some money for all of this as I need north of 1 million on my end. looks like I will be liquidating some property and stocks in order for this to happen, also probably will be borrowing a little bit.
6. Switching over accountants to get someone in town that can handle, my personal,wifes, corporate and new business accounts. God damn I hate taxes and file preperation
7. Dealing with a lawyer for all the property purchases, new company formation, restructuring my personal corp, mortgage signing.
Overall Its gonna be a busy summer for me. i do want to get more full on with equities at some point and build an entirely passive income but right now I am still focused on net worth growth. there is a certified financial planner part time night course starting in September I am interested in taking but I may to busy to do so. I am also quite interested in possibly getting my realtors license so I can buy and sell my own homes to cut out commissions lost. Oh well you never stop learning.
Funny thing about being someone with a good net worth is that everybody thinks I am broke. I don't spend much, I drive a cheap Honda , I don't have very nice clothes, no jewelry, I haven't had a vacation in years. My realtor on the other hand is the opposite, 10k watch, 50k Mercedes, quite a few fancy suits with 500$ shoes, live in nanny, heavily leveraged house, splurges on everything. Yet this guy is living paycheck to paycheck and has a negative net worth living off credit. It boggles my mind how people can live like this. People like this I want to shake the shit out of and get them on the right track but I cant change everyone I realize.
For me I will keep grinding until i die. I love money and growing it. I rather grow it than spend it. I will splurge a percentage here and there only after the money is in the bank from a deal here and there.
Until my next post Good Day and Grind On!
Tuesday 2 June 2015
May 2015 Dividends , Options , Adsense and Interest Monthly Report
Another solid month for options as my second highest total so far with $4,680.68. I achieved that by selling Apple weekly puts at close to the asking price. If it looks like I will be called on my option I will just buy it back at sell the following week at equal or greater money. This has been my main option strategy providing me income. I also sell covered calls on the stock I do own and employ the same strategy of buying back the call and reselling at a later date.
My interest paid has gone up as I have to pay a few bills here and there and will go up further next month as I have some big property tax bills due next month.
Adsense has gone up even tho my activity on the blog has slowed to a crawl lately. My overall views are trending down due to my inactivity. When I have more time I will write more posts.
May 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
94.36 - REI.UN RioCan Reit
123.75 - RMM.UN Retrocom Reit
105.00 - BTB.UN BTB Reit
80.50 - CPG Crescent Point Energy
19.75 - 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
15.44 - PFF Ishares US pref stock
Quarterly Payers
15.00 - COS Canadian Oil Sands
72.00 - BMO Bank of Montreal
107.80 - RBC Royal Bank
32.30 - CL Colgate Palmolive
67.32 - KMI Kinder Morgan
37.74 - CLX Clorox
52.83 - VZ Verizon
36.46 - PG Proctor Gamble
312.00 - APPL Apple
82.25 - T AT&T
$2,148.33 TOTAL
Total options premiums in May
$4,680.68
Options Notes -
- Playing Apple with selling at the money weekly puts.
Total interest paid for margin for May
$395.45
Adsense for my blog in May 2015 $17.29
- 10,280 : Pageviews for March
- 19 : Number of ad clicks
2015 Breakdown Dividends Options Interest Adsense -
- May $2,148.33 $4,680.68 $395.45 $17.29
- April $2,630.43 $10,064.11 $350.23 $6.51
- March $2,146.39 $2,406.44 $299.22 $17.57
- February $2,225.91 $2,469.00 $343.29 $20.42
- January $2,146.41 $3,305.92 $517.21 $19.50
----------------------------------------------------------------------------------
TOTALS 2015 $11,297.47 $22,926.15 $1,905.40 $81.29
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
Monday 25 May 2015
$3,010,671 My Net Worth Update May 25, 2015
My Net Worth Update May 2015
May 25 / 2015 : Updated every mid month
ASSETS
-Primary Home
2015 assessed value $1,253,000
$500,000 mortgage at 3.35% Equity Total: $753,000
-New Building Lot for new home
Purchased for $560,000
6000 sqft building lot 2015 assessed value Total: $648,700
-Commercial Rental Property
Warehouse 2300 sqft Income Property 2015 assessed value
Total: $319,000
-Residential Rental Property
Rental Home 3200 sqft Income property 2015 assessed value
Total: $667,000
-Start Up Company
Brewery start up share value
Total: $85,000
-Equity Investments
Tax free saving account TFSA - $41,021
Retirement saving plan RSP - $149,554
Canadian margin account - $132,066
US margin account ( Ex Rate 1.23)- $199,145
Equity Total: $521,786
-Cash
Checking account $2,798
Business account $13,387
Total: $16,387
May 2015 Grand Total Net Worth: $3,010,671
Apr. 2015 :$2,998,158 Detail Link +$104,860
Mar. 2015 :$2,893,298 Details Link -$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
Cracked 3 million which is nice but not too much movement overall. A gain of $12,513 overall due mainly to gains in my stock portfolio and option writing premiums.
I have been very busy with my real estate holdings. I had to switch architects for the home I am building due to them being quite backed up. I am already one month behind where I want to be and got to get things going there.
The brewery has had a soft opening and will do a grand opening next month as they work out small details there. Quite excited to see them actually producing beer, still not bottling yet but should be soon enough.
I have also started a large new project. My cousin is a builder/developer for homes and he is looking to develop in my area. I helped him secure 2 properties where he will be developing houses on each. He gave me the option of going in on the deals where we would build and flip new homes in hot markets. From extensive research and number crunching I calculate potential returns of 20-30% on investment for a time period of minimum 9 to hopefully max 14 months. Minimum investment is 200k. I am thinking of coming in for around 500k total. He is quite experienced and he has been doing well for years. Yes it is risky if real estate markets tank but the projects look like no brainers for me and him. I have not put any money into it yet as I have a couple of months decide as that's when the properties close. If I am going to get in I am going to need some money from somewhere obviously. I think I will sell my warehouse or find a mortgage on my 667k rental home.
Next month I have to pay for property taxes on all my properties which is gonna be a good chunk of change so I anticipate a dip next month
Sorry haven't been too active with the blog lately but things are getting crazy for me. Its been constant property hunting, dealing with my Nephew who is living with us, getting my home fixed up to have it in listing shape and all kinds of other things.
Till the next update Good Day and Grind On!
Monday 11 May 2015
April 2015 Dividends , Options , Adsense and Interest Monthly Report
April 2015 Dividends , Options , Adsense and Interest Monthly Report
Plans going forward is to stay the course. I had to pull some equity out last month for my new home build but I am trying to figure a way to not sell any of my equities going forward. I don't anticipate and new buys or sells in the next couple of months. I will continue to rake in the dividends and play options in the meantime to generate some extra income while I work on my new home build.
This marks 1 year my blog as been rolling and tracking my progress. Even though my posts have slowed I plan on continuing for the years to come. I would like to thank all the regulars that drop by and the continued support of the community.
April 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
94.36 - REI.UN RioCan Reit
123.75 - RMM.UN Retrocom Reit
105.00 - BTB.UN BTB Reit
80.50 - CPG Crescent Point Energy
19.75 - 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
14.76 - PFF Ishares US pref stock
Quarterly Payers
23.30 - CNQ
30.00 - HSE Husky
80.00 - T Telus
64.80 - RCI.B Rogers Comm
143.00 - BCE Bell
37.95 - AGU Agrium
116.60 - CM CIBC
68.00 - BNS Bank of Nova Scotia
28.60 - TRP Transcanada Corp
153.00 - TD Toronto Dominion
33.00 - KO Coca Cola
43.12 - KMB Kimberly Clark Corp
40.25 - GE General Electric
32.77 - BAX Baxter
41.65 - WMT Walmart
63.81 - PM Philip Morris
139.05 - GSK Glaxo Smith Kiline
32.79 - TOT Total
103.97 - NVS Novartis
38.56 - DOW DOW Chemical
$2,630.43 TOTAL
Total options premiums in April
$10,064.11
Options Notes -
- Playing Apple with selling weekly puts.
- Played earnings for Netflix and Google selling put options that expired worthless
Total interest paid for margin for April
$350.23
Adsense for my blog in April 2015 $6.51
- 10,882 : Pageviews for March
- 9 : Number of ad clicks
2015 Breakdown Dividends Options Interest Adsense
- April $2,630.43 $10,064.11 $350.23 $6.51
- March $2,146.39 $2,406.44 $299.22 $17.57
- February $2,225.91 $2,469.00 $343.29 $20.42
- January $2,146.41 $3,305.92 $517.21 $19.50
----------------------------------------------------------------------------------
TOTALS 2015 $9,149.14 $18,245.47 $1,509.95 $64.00
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
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