September flew by so fast I almost forgot my August dividend income update. You would think that something that brings me so much joy would be a higher priority to write about, but this month was pretty busy for me. I was busy living my life and my investments were busy working hard for me. Wow, what a great concept huh? If only I had someone to teach my how to invest when I first started working. I would probably be looking to retire by the age of 45 which would be one hell of an accomplishment.
Since I don’t have a time machine or a rich Uncle on his death bed, I better keep my nose to the grind stone and keep living modestly. Since I’m technically home-less, I haven’t been investing as much as I could be. My priority has shifted to home ownership and I’ve been able to save quite a bit of money towards a down payment. This time around I’m looking for something I can pay off in 10-15 years without having a huge mortgage hanging over my head like before. Now instead of nightmares about the interest I was paying, I’m free to dream about dividends!
Bring on the Dividends!
Looking back through the Loonie Bin archives, I see my dividend income for the month of August last year was $355. Not too shabby at if I do say so myself. My dividend income for August 2014 is:
$342
How could my dividend income be lower than the year before?! The only person who could answer that is my ex-wife! *rimshot*
So yes my dividend income is lower thanks to losing shares in Emera, but considering this quarterly amount was $313 just 6 months ago, I think I’m doing pretty good. If I were to retire tomorrow, $342 would be enough to pay for my room at the YMCA and enough pickled eggs to make me sick. As tempting as that sounds, I’ll re-invest these dividends until my August dividend income is more like $3420.
So after eight months of dividends being deposited in my trading account while I sleep, my grand total of passive income so far this year is $4290. That’s as much as I made total in 2012 which goes to show you that dividend investing does indeed work.
So Long Tim Hortons
It was a nice few months owning a small share in Canada’s iconic fast food and coffee chain but this merger with Burger King is something I don’t want to be a part of. Was I too hasty to sell? Perhaps, but I’m looking for a long term, stable investment. Maybe I’ll see THI as a good addition to my portfolio down the road, but until then I’ll probably buy more shares in Emera or even Saputo now that it’s down…figures since I bought more shares earlier!
Do you own shares in THI?
