4th week of July

We thought that there would not be much to write this week because we did not expect any dividends. We were wrong.

On 24th of July we received 20,20 € dividends from Main Street Capital after taxes and fees deducted. Next day we received 50,04 € dividends from Ocean Yield ASA after taxes and fees. Ocean Yield is still on our "sell" list. Now Kingdom of Norway owns us approximately 18 €. Ocean yield dividends may be cut down by 21,5 % in Q1/2020 as indicated by the company itself.

Since we did not expect any dividends in this week we prepared comparison of passive income to previous year.  This year we have accumulated 56% more passive income than last year during the same period. The only month we fell behind from previous year was March, and explanation is simple. One company moved its yearly dividend payment from March to April.

At the moment we have accumulated 73,15 % of our this year's target. We are 1045,19 € short of our target.

3rd week of July

On the 3rd week of July we received dividends only on Monday. From Realty Income we received 16,74 after taxes and fees deducted. Also the cash portion of HSBC dividends landed on our account. The cash portion of the dividend was 4,79 €. From Dream Global REIT we received 9,92 CAD dividends after taxes, which is approximately 6,75 €. From Exchange Income Corporation we received 15,51 CAD dividends after taxes which is approximately 10,55 €. From Inter Pipeline we received 36,46 CAD dividends after taxes which is approximately 24,80 €

This week's dividend income was 63,63 €, which is pretty good on our standards. Now our total capital income for the year is 2777,35 €, which is total of 71,35 % of our yearly target. To hit the target we need to get approximately 49 €/week. Unfortunately we do not expect any dividends next week. And traditionally December has been quite weak month for us what comes to dividends. So to be on the safe side we need to generate approximately 60€/week dividends in those weeks that we are expecting dividends. Most likely we will hit the target. We will start slowly increasing our investments soon as we have pretty much finished our program to cut our liabilities and free the cashflow.

2nd week of July

Again a quite quiet week in investment sector.

This week we made a bit unusual investment to a fund. We do not usually invest in funds, but this time we did so because the insurance company has changed their loyalty program, which we hadn't noticed earlier. Investing in one or more funds managed by our insurance company raises the loyalty discounts by one tier. The company has 4 tiers, and we have been on 3rd tier earlier. By investing into the fund we raised us to the 4th tier, which means additional 4% discount to the insurance fees. We invested 100 €. This way we lowered our total insurance bill approximately 40 € annually. We are not expecting a lot of profits from this investment, but we hope that it will keep its value and beat the inflation. That is enough for us.

And now to the investment income for the week.  On the 9th of June we received 24,52 € dividends from Main Street Capital after taxes and fees deducted.

The HSBC paid its dividends on the 11th of June. As we are participating the DRIP, we received 2 shares. The exact value is still a bit unclear, since we receive the report later on paper. The value is approximately 14,79 €. We will get cash dividend from fractional parts later, most likely next week.

Whitestone REIT dividends should arrive to our account later on today. We are expecting to get around  49 € net dividends. We will update the exact amount when the dividends arrive.

Edit: Dividends from Whitestone arrived and exact amount was 49,13 € after taxes and fees. 

After this week we have received approximately 2714 € capital income. This is 69,70% of our yearly target.  At this speed we will most likely exceed our target income for the year.

Start of July

Again, as usual our month starts with the expenses. We paid back some of our investment loan. Payment was 221,07 €, with 8,07 € interests and fees.

On the first day of July, we received 19,46€ dividends from Coca-Cola after taxes and fees. On Wednesday the 3rd of July we received 11,28 CAD interests which is approximately 7,64 €.

We also increased a bit of our investments in this week. We bought 5 shares of Johnson & Johnson @138,8 USD. We also bought 15 shares of Nordea bank @6,674 €.

Now our net capital income is 2625,28 €