Using Dividend Reinvestment Plans

    Using a Dividend Re-Investment Plan is an easy method of increasing ones position within a company over time, and a passive method of putting dividend payouts to work. DRIP's work by buying a new full share, or multiple shares of a company and/or fractional shares through the stocks dividend payments. 

January 2016: Income & Expenses

    After posting my January Dividend Update I kind of forgot about my other main monthly post, my Income and Expenses report. What better time to write it then being relatively snowed in (don't want to go outside again) and having the day off of work? So here it is! January had me back to a relatively normal level of spending from what I have recorded in 2015. Except of course for the usual outlier month of December, where holiday spending increases my expenses. Thankfully that month also saw a large increase in income.

    This January however did prove to have quite a bit more income than I was generally expecting. In

Recent Buy! February 2016

     This Tuesday I had the day off, and so I had the opportunity to take a closer look at my portfolio, as well as my watchlist. After the TSX had such a rough day on Monday, falling 1.8%, I was looking forward to buying! To my relative delight, when I logged in at 10am the TSX was down another almost 2%! While it always hurts to see ones portfolio value decrease by so much in so little time, it is great to see when looking to buy.

January 2016: Dividend Update!

    January, being the first month of Q1 is usually always a great month for dividend income for me. January 2016 is proven to be no exception to that, having been an excellent month with my new high mark for passive income. My monthly payers continue to give me a solid base of dividend income, while the quarterly dividends pushed me well into the $200 mark!

    While the Canadian dollar may have gotten weaker against the US Dollar, making some imported products more expensive here in Canada, I did benefit a bit from it with my US Dollar dividend from AQN rising by $5.06 simply from the change in exchange rate.