Dividend & Portfolio update – October 2016

urban gardening breeding

Ok, this month was not that special. Especially after an amazing dividend growth in september, this one will stay a bit humble. We received dividend from one company, earned some money from book sales and ended it with not buying some new assets.

Big difference compared to last months update. But this month we actually decreased in dividend income compared to last year. We received our only dividend from Bank of Nova Scotia ($BSN).

 

Schermafbeelding 2016-11-01 om 23.20.05.png

BNS actually increases their dividend in the 4th quarter from $0.72 per share to $0.74 per share. Still our income dropped. 

This is due to the following:

We measure our dividend after taxes. Which means we also take into account currency fluctuations. Because we do this, we ended up with a lower dividend income as compared to last year. BNS pays out in Canadian dollars, which now reflect in our change in dividend.

When we look at the gross dividend income, we do see some growth. In 2016 this is €11.11, when in 2015 it was €10.47. A year on year growth of +6%. It might be small, bit this growth was realized while no companies or shares were added (and paying dividend in october).

Besides dividend, I’ve also earned some money by selling books. The profit of selling used books adds €11.40 to our passive income of october. 

In total we have received €19.42 of passive income for this month. 

The biggest growth we saw in our portfolio value. Schermafbeelding 2016-11-02 om 20.59.41.png

Our current portfolio value is: €34835.16 

And is up +67% from last year in the same month. 
This is mostly the effect of adding a constant flow of money 
towards our portfolio. And the more money we can allocate,
The bigger it will grow forth. 

Curious for all of our holding? Then check our portfolio here. 

 

Schermafbeelding 2016-11-02 om 21.02.05.png

Portfolio growth from start to now

 

The reason we track our dividends by using net income, is because that’s what we’ll be using when we reach financial independence. It’s the amount of money which we can spend fully. 

The downside however is that is difficult to measure the actual growth year on year. Despite the dividend increase from BNS, we have a lower dividend income due to currency fluctuations.

How do you track your dividends? Do you add everything up without calculating taxes or take into account different currencies? Or do you even everything out like we do?

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17 thoughts on “Dividend & Portfolio update – October 2016

  1. Sounds like this month is a bit low for many bloggers, myself included. Still, 1 stock 1 raise, batting 100% there 🙂

    As for how we track, I just log all the pre-tax amounts and don’t bother with currency changes. Keep in mind that the USD is historically higher than CAD so by doing that, we’re underestimating how income since I’m Canadian. You could choose a fixed exchange rate of around 0.85 (historic average) or just live with the fluctuations. We do pre-tax because I’m in a high tax bracket at the moment and once we retire, we’ll likely be paying close to 0 taxes.

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    • no records being broken here 😉 But we don’t complain. We’ll take one step at a time.

      It’s true that currencies could make it look worse (or better depending on the situation) than it really is. It’s interesting to see how other bloggers track it. It seems like this fit your situation right. For us the taxes would still be there, although it would be lower when we retire. (still long way to go though).

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  2. I take dividends as pre-tax but understand that my goals have to be X% higher as a result of taxation. Given I’m no where near my goal, by far the biggest effect on my portfolio is adding a constant stream of cash as well.

    I’m super impressed by the 67% yearly growth in overall values!

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    • Thanks, always nice to see things grow. And yeah, the taxes is something that is equal to all of us unfortunately. And it will even get worse in the time coming. When we hit a certain threshold (probably somewhere in 2017), we will have to start paying wealth taxes too.

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  3. We’re in the same situation: I have my account in EUR but my equity assets are mainly in USD. I do the same as you: record the dividend in EUR after tax.
    What I really want to figure out is how to compare my performance to a benchmark. As I also continuously invest I’m struggling to find the best but least time consuming way. Do you do something like that?

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    • Good to see some in the same situation. We (currently) don’t compare our performance to a benchmark actively.
      We do use an app from our broker which gives us our return in % over the months, where we can select the starting point (0%) ourselves. The rest we just keep track of in excel.
      I also track all our assets in Google Finance where you can compare the performance of the portfolio against the Dow Jones or other markets/companies. The downside there is that when added new money it distorts the performance, so I don’t use it that often.

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  4. Damn currency fluctuations strike again! I hate when currency takes a slice of the pie. Isn’t having to share part of your dividend check in the form of taxes bad enough?? Congrats on the strong growth rate for the year. It may not seem like a lot, but every dollar will help you cross your goal and push you one step closer to the end game!

    Bert

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  5. Pingback: October Dividend Income from YOU the Bloggers! - Dividend Diplomats

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