4th week of July

The week was quiet. We did not buy anything but we received few dividends. We received 38,25 CAD dividends from Transcontinental Inc which is approximately 24,55.  Then on 23rd of July we finally received Apollo Investment Corporation dividends from DRIP. We received 5 shares @9,18 USD. Remainder of dividends did not cover the taxes so we had to pay 3,86 € for taxes. We also received 13,11 € dividends from Ocean Yield, which was also late. We are still expecting the Main Street Capital dividends which are 12 days late currently. Apollo Investment Corporation dividends were 15 days late and Ocean Yield 1 day late. It feels like our bank's service levels are dropping dramatically. We wonder why we should pay such premium for example from currency conversions when we get substandard service.

Now our July 2020 passive income is 329,79 €. So far we have increased our July dividends by 26,26 % from 2019 and we are still expecting some dividends to arrive.

3rd week of July

We had a good week, as usually in the middle of the month. On 15th of July we received following dividends:

• 16,15 CAD from Exchange Income which is approximately 10,41 €
  
• 10,23 CAD from Inter Pipeline which is approximately 6,59 €
  
• 53,14 USD from Spirit Realty Capital approximately 46,62 €
  
• 17,32 € from Realty Income Corp
  
• 36,06 € from Cardinal Health Inc
  
• 41,56 € from Leggett & Platt

We are still waiting paid dividends from Main Street Capital and Apollo Investment Corporation to reach our accounts. Delay is most likely due the fact that we participate in DRIPs. We are expecting to receive our dividends next week.

We made some small reinvestments during the week. We bought 2 shares of MSC Industrial Direct @65,852 USD and 10 shares of Main Street Capital @30,4818 USD. We estimate these purchases to increase our capital income approximately by 9 € in 2020.

We have now collected 257,38 € dividends in July, which is only 3,81 € less than whole July in 2019. We are expecting to fall even more behind our target. We are not worried since some annual dividends will be paid in fall.  We are still very confident that we will reach our target for 2020.

2nd week of July

A pretty dull week. Apollo Investment Corp paid its dividend, but we did not receive it yet. The reason is that we are participating DRIP and due that we usually receive stocks and remainder a week later than normal dividend payment day. We were shopping this week (again) and we filled a gap in our weekly dividends. We bought 9 shares of Royal Bank of Canada @93,61 CAD. This will increase our 2020 dividend income approximately by 10 €. The first dividend will be paid at week 35, which did not have any other dividend payer. Now we are expecting to receive capital income every week in 2020. In 2019 we had 5 weeks without any capital income.

We received only one dividend this week, 18,43 € from Whitestone REIT. This is second worst week so far in 2020. Still we are receiving income every week unlike last year.

1st week of July

June ended and July started. We did not reach the monthly target of 442 € in June. The week was pretty active, as usual at start of the month. We made old investment loan payment 213€ principal and 2,98 € interest and fees. New investment loan payback will start in August.

On the last day of June we received following dividends:

• 2,07 USD from Methanex which is approximately 1,87 €.
  
• 19,97 CAD from Transalta Renewables Inc which is approximately 12,97 €.
• 10,05 € from LTC Properties

On the first day of July we received following dividends:

• 2,97 € from Genuine Parts Company
• 20,10 € from Coca-Cola Company
• 14,65 € from Pepsico

On Thursday we received 24,17 € from Iron Mountain Inc and on Friday we received 30 AUD from National Australia Bank Ltd which is approximately 18,50 €.

As we received dividends, we reinvested some of them. On Thursday we bought 45 AT&T @30,20 USD. This will increase our year 2020 dividend income approximately by 30 €.

Our June dividend income was 394,22 € and July is currently 80,39 €. In total we have collected 2687,39 € out of 5300€ which is 50,71% of our target.We should have collected 51,92% so far. We are little behind our pace.

As quarter ended we took a snapshot of our portfolio. Our portfolio suffered from corona significantly and has not yet recovered. Our portfolio has lost compared to sp500 index. Our gross investment portfolio is now at all time high and Net investment portfolio is also decent.

Investment portfolio

Asset class	1st Jul 19	1st Oct 19	31st Dec 19	1st Apr 20	1st Jul 20
Cash	N/A	N/A	1 799,70 €	1 344,51 €	781 €
Investment funds	12 424,39 €	10 725,61 €	10 478,22 €	10 478,22 €	10 331,28 €
Coop memberships	1 500 €	1 500 €	1 500 €	1 500 €	1 500 €
Shares	80 078,12 €	119 731,61 €	124 914,13 €	98 487,31 €	132 343,57 €
Gross investment portfolio	94 002,51 €	131 957,22 €	138 692,05 €	111 810,04 €	144 922,11 €
Investment loan	8 296 €	7 657 €	7 018 €	6 166 €	25 740 €
Net investment portfolio	85 706,51 €	124 300,22 €	131 674,05 €	105 644,04 €	119 182,11 €