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 €

Last week of June and mid-year review

Our week started with interests from co-ops. We received 30€ interests. We now have received all interests from Co-ops this year. The total yield was a quite lot less than earlier years.

On Friday we received the usual end-month dividends. From LTC Properties Inc. we received 6,96 € after taxes and fees deducted. The second company paying us dividends at the end of the every month is Gladstone Capital. From there we received 4,61 € after taxes and fees.

So our capital income on last week of June was 41,57 €.

On Friday we bought 12 shares of Duke Energy. Again a bit expensive, but we try to increase utilities on our portfolio. This is progressing slowly, since we are still restructuring our other liabilities.


And now the mid-year review:

So far we have collected 2598,18 € capital income, which is 66,74% of our this year's target. There have been few dividend cuts and less interests from co-ops than expected. On other hand we have bought some new shares, which generate new cash flow. Also some of the companies have increased the dividends. So there is still a change to hit our target.

Our starting values were:

Investment funds: 11 241,88 €
Shares portfolio: 75 521,06 €
Coop memberships: 1 500 €
Total financial assets: 88 262,94 €

Loan for investment: 9361 €

Net financial assets 78 901,94 €

On a last business day of June values were:

Investment funds: 12 424,39 €, increase 10,52%
Shares portfolio: 80 078,12 €, increase 6,03%
Coop memberships: 1 500€, no change
Total financial assets: 94 002,51 €, increase 6,48%

Loan for investment: 8 296,00 €

Net financial assets 85 706,51 €, increase 8,62%

We are quite pleased with the progress.

3rd week of June

This week was very quiet. We received our first dividends from Dominion Energy. Net dividends received were 3,39 € after taxes and fees.

2nd week of June

On the second week of the June we received our usual mid-month dividends. First, on Thursday we received dividends from Whitestone REIT. From Whitestone we received 49,03 € after taxes and fees deducted.  On Friday we received 16,69 € dividends from Realty income. Realty Income also announced dividend increase earlier on this week. From Main Street Capital we received 19,49 € dividends.

On friday we also received our Canadian dividends. From Exchange Income Corp we received 15,51 CAD dividends. This is approximately 10,31 €. From Inter Pipeline we received 36,59 CAD dividends. This is approximately 24,40 €. Also Dream Global REIT paid us 10,05 CAD dividends. This is around 6,70€.

This week's dividend income was approximately 126,62 €. Pretty good week.Now we have accumulated 65,59% of our yearly target.

First week of June

Our week started with negative investment cashflow events. Repayment of the investment loan was on Monday. We paid 213,00 € capital,  6,10 € interests and 2,30 € fees.Total payment was 221,40. Now we have 8 296,00 € loan left.

On Monday we bought 5 shares of Dominion Energy. A bit expensive for our liking. By making this transaction we eliminated account management fees for Q3. We paid transaction fees 3.37 €, and now we have free account management for next quarter. Normal fee from bank is 1.95/month. This way we saved 2,48€ of fees and increased slightly our invested capital. We receiced 38,04 CAD dividends from Canadian Utilities after taxes deducted. This is approximately 25,26 €.

On 5th of June we received interests from May. Interests were 14,05 CAD, approximately 9,33 €.

On Thursday we received quarterly dividend from Nokia. Nokia changed its dividend policy from yearly dividend to quarterly dividend. Even though we get our money a bit later than in earlier years, we warmly welcome this change. We received 10€ from Nokia, no fees and no taxes deducted. On the same day we received dividends from Southern Company. We received 11,49 € after fees and taxes deducted.

Total capital gains from first week of June was 56,08 €.

End of May

On 22nd of May Ocean Yield paid us 49,97 € dividends. The Ocean Yield is still on the "sell" list because norwegians take too much taxes. Now Norway owes us 12,66 €. Another solution would be to increase positions heavily on Norway to make the extra work meaningful. Claiming back the excess taxes will cost around 4-5 € and will take few hours of time. It is shame that Norway started this idiocy. It would be great if every small investor in the countries with tax treaty would claim back taxes transaction by transaction. We bet that they would change back to old way of doing this just because handling those applications would cause awful workload and cost more money than what they expected to get.

On 24th of May we received 24 € interests from coop memberships. So far we have received 44 € interests from our coop memberships. This is not awfully lot, but investment is almost as safe than keeping money on the bank account. At the moment our received interest rate is 2,93% p.a. We are expecting to get a bit more interests on June.

At the end of the month we received our usual end month dividends from LTC Properties and Gladstone Capital. From LTC Properties we received 7,11 € after taxes and fees deducted. From Gladstone Capital we received 4,71 €.

Now we have accumulated total of 2370,49€ of capital income. Our target for this year is 3892,78€. So we have collected 60,89% so far.

Mid-month dividends and minor adjustments

The usual mid-month dividends received. We received 18,25 CAD dividend from Exchange Income Corporation, 42,90 CAD dividend from Inter Pipeline. These were our Canadian dividends.

From US we received  49,21 € dividends from Omega Healthcare and 15,95 € from Main Street Capital. On next day, 16th of May we received 16.85 € dividend from Realty Income and 22,37 € from Senior Housing Properties.

We sold our position on Corus Entertainment, unfortunately only after the crash, on 16th of May. We were about to sell it anyway. Now we realized only 26 CAD profit on this transaction. We increased our position in Dream Global REIT by 50 shares.

Now we have collected 58,69% of our expected passive income, So we are on the track.
We made small adjustment to our expectation by removing the taxes. Now our expected net dividend income is 3892,78€. Earlier the expected amount was gross amount. Now it is easier to track progression.

Yet another slow week

Week started by receiving interest. We received 12,50 CAD interest, which is approximately 8,31€. On Friday we received 49,51 € after taxes and fees dividends from Whitestone REIT.

We bought 15 shares of Telia Company. The trading costs are not important here because our bank charges 1.95€/ month upkeeping fee for inactive accounts. Account is seen as inactive if there has not been any transactions within last quarter. This evaluation if account has been active or not is made at the start of every quarter. Now when we bought 15 shares of Telia and paid 56 cents as a transaction fee, we actually saved 5,85-0,56=5,29 €. Next time we have to buy shares to that account is by end of September. As we have several accounts, we still have one account left, where we have to do small investment to keep that account as active.

Now our accumulated capital income is 2122,36€.

Week 18

The end of the month was pretty active time for us. We bought some shares and we received few dividends. We are still arranging our other liabilities to improve our free cashflow in the future.

In this week we bought 125 shares of Dream Global REIT. This will add approximately 7 CAD/month to our dividend cashflow. We also increased our position at Main Street Capital with 25 shares. Our planned position at Main Street Capital is almost reached now and we planned to put buys on hold for a while for this share.

We made repayment of our investment loan. We paid 8,36 € interests and expenses and 213€ capital.

From Gladstone Capital we received 4,70 € after fees and taxes deducted. LTC Properties paid us 7,08 €.

May started with quarterly dividends from AT&T was 96,37 € after fees and taxes. Another telecom company that paid us dividends was Verizon Communications Inc. We received 44,94 € from Verizon.

This weeks total dividend income was 153,09 €. Net cashflow was a bit negative in this week as we paid investment loan installment.  We are thinking if we should start tracking the investment cashflow more. 

Now we have accumulated total of 43,13% of our target passive income. This is pretty good because our target was gross dividends, and we follow net dividends.