The 50K Report - Income Jump (Q4 FY2015)

Q4 FY2015 (October, November, and December)


- $50,000 passive income target. (eg. $1,000,000 at 5% will yield $50,000 per year.)

- Calculation of Total Book Value Required: $50,000 / % yield = Book Value (eg. 4.31% = $1,160,092.81)

- Current Target Book Value @ 4.65%: $1,074,949.34

- Next major update: End of Q1 FY2016 (January, February, and March).

Investment Goals:

1. Add to higher quality large cap equities.
2. Looking for opportunities to slim down number of holdings within portfolio.
3. Conversely, looking to broaden portfolio by sector.
4. Focus more on stocks that can be DRIP'd.

Distribution Changes:

- Distribution income jumped higher from Q3's $11,321.85 to Q4's $15,176.50. +$3,854.65 or +34.046%

- Represents highest potential yearly distribution ever.

- "First goal post" moved further out to $17,550. Effective October 1, 2015 Ontario Minimum wage was increased to $11.25/hour.

- Explanation of "First goal post" Minimum Wage: Number of Hours (Min. 30 hrs) 30 x # of Weeks 52 x (Minimum Wage: $11.25) $11.25 = $17,550.

- Achievement of reaching the Minimum Wage Goal is now at 86.47% with $2,373.49 outstanding.

- Revision for Q3 FY2015 50K Report, minimum wage:

Dividend Goal	% Completion	Remaining
$50,000	22.643708%	$38,678.15
$25,000	45.287416%	$13,678.15
(REVISED Q3) $17,750	63.785093%	$6,428.15

- Here's how it has been coming along as of Q4 FY2015. (Values represent potential full year cash flow.):

	Book Value		Yearly Div
Total	$326,323.596873		$15,176.506280
		Yield Total	4.650754%

- 3 goal posts: $17,550 (Approximate Minimum Wage), $25,000 (Half-way), and $50,000.

Dividend Goal	% Completion	Remaining
$50,000	30.353013%	$34,823.49
$25,000	60.706025%	$9,823.49
$17,550	86.475819%	$2,373.49

Holdings:

- Increased BNS, CAR.UN, CWB, ENB.PR.T, IPL, NA, MFC, SLF, and T.

- Added FFH.PR.I

- Removed EMP.A

- Not sure if I should still include HSE in my dividend list as their last dividend was changed to a "Stock Dividend" instead of "Cash Dividend".

Upcoming:

- I'm working on a monthly DRIP Report. As the name suggests it will be a report showing the DRIPs completed each month. It will be exciting to keep track of how my long term investments have been progressing in terms of developing future income.