Approximately three years ago we sold our positions to pay back the loans we had. Interest rates were rising, and our situation had reached a point where the interest we paid was only slightly lower than the dividend income we received. The margin was so small that the risk simply wasn’t worth it. And we turned out to be right since shortly after we sold almost everything, stock prices fell. The timing was coincidentally very good.
We started rebuilding our portfolio right away, and we managed to recover some positions at good valuations. Of course, over the years some stocks have risen significantly after the decline, and we weren’t lucky with those ones. Still, the recovery after the sale has been quite rapid, and we managed to return to our 2021–2022 levels within three years. Now we are back in the game, focusing on building sustainable dividend income for the future. Our current portfolio is just over 200 k€, compared to a little under 260 k€ at its highest point.
| Asset class | 31st Dec 24 | 31st Mar 25 | 30th Jun 25 | 30th Sep 25 | 31st Dec 25 |
|---|---|---|---|---|---|
| Cash | 4 470,58 € | 17 125,18 € | 16 328,29 € | 2 470,49 € | 4 187,44 € |
| Investment funds | 11 526,05 € | 11 357,71 € | 14 787,19 € | 14 768,72 € | 14 870,93 € |
| Coop memberships | 1 500,00 € | 1 500,00 € | 1 500 € | 1 500 € | 1 600 € |
| Shares | 106 743,88 € | 155 816,03 € | 161 148,83 € | 173 833,68 € | 183 112,10 € |
| Gross investment portfolio | 124 240,51 € | 185 798,92 € | 193 764,31 € | 192 572,89 € | 201 530,75 € |
| Investment loan | 0 € | 0 € | 0 € | 0 € | 0 € |
| Net investment portfolio | 124 240,51 € | 185 798,92 € | 193 764,31 € | 192 572,89 € | 201 530,75 |
In terms of income, we surpassed our 2021 level last year, ending with 9,158.44 € in net investment income. This year’s goal is to reach five digits, and if we are lucky, we might even break our 2022 record.
We haven’t received any investment income yet this year, but we have made one transaction. We bought 2.0911 shares of Transcontinental at 23.16484 CAD. This purchase will increase our net income by 1.53 CAD, or approximately 0.95 €. A small start, but an increase is still an increase
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