The 50K Report - Q2FY2016

Q2 FY2016 (April, May, and June)

- $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 @ 4.557%: $1,097,120.388
- Next major update: End of Q3FY2016 (July, August, and September).

Investment Goals:

1. Continue adding to higher quality large cap equities.
2. Continue slimming down number of holdings within portfolio.
3. Continue seeking opportunities to broaden portfolio by sector.
4. Focus on stocks that have a DRIP plan.
5. Continue concentrating existing holdings to achieve $1,000 dividend mark (1K Club)

Distribution Changes:

- Achieved highest distribution amount of portfolio.
- Distribution income increased from Q2FY2016's $14,221.3584 to Q2FY2016's $16,792.77. (+$2571.4116 or +18.0813%)
- Yield remains roughly the same as Q2.
- Increase is mainly due to doubling holding of Canadian Western Bank (CWB) to average down in anticipation of temporarily higher oil prices; Averaging down Manulife; adding more IPL to join 1K Club; and addition of Enbridge Income Fund (ENF).
- Removed FairFax Financial Preferred Shares Series I (FFH.PR.I), InnVest REIT (INN.UN), and TMX Group (X).
- INN.UN buyout was announced in May. Missed buyout opportunity.
- Dividend Cut and frequency change from Monthly to Quarterly payout for GoldCorp (G).
- Achievement of reaching the Minimum Wage Goal is now at 95.69% with $757.23 outstanding.

Progress for Q2 FY2016. (Values represent potential full year cash flow.):

Book Value	$368,473.76
Yearly Distribution	$16,792.77
Yield Total	4.56%

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

Dividend Goal	% Completion	Remaining
$50,000	33.59%	$33,207.23
$25,000	67.17%	$8,207.23
$17,550	95.69%	$757.23

Holdings:

- Monthly Change:

April

Book Value: $336,133.296205

Yearly Dividend: $14,782.138120

Yield Total: 4.397701%

May

Book Value: $321,571.687479

Yearly Dividend: $14,780.570160

Yield Total: 4.596353%

June

Book Value: $368,473.758979

Yearly Dividend: $16,792.7694

Yield Total: 4.557385%

Updates:

- Added: ENF
- Increased: CWB, MFC, IPL

- Dividend Increased: T, WFC
- Removed: FFH.PR.I, INN.UN, X

Upcoming:

- Still working on getting this 50K report in a more timely manner.

- Continue working on new report called the 1K Club to show holdings that have crossed over the $1,000 dividend mark.