The 50K Report - Market Continues Upward Trend Q3FY2016

The 50K Report – Market Continues Upward Trend (Q3 FY2016)

Q3 FY2016 (July, August, and September)

- $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 @ 4.6878%: $1,066,598.40
- Next major update: End of Q4FY2016 (October, November, and December).

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:

- Distribution income decreased from Q2FY2016's $16,792.77 to $15,334.55. (-$1,458.22 or -8.6836%)
- Decrease mainly due removing Canadian Western Bank (CWB); doubled Canadian Apartment REIT adding it to 1K Club; added 100 more shares of Enbridge Income Fund to bring it into the 1K Club; Enbridge Preferred Share Series R added 15 shares via DRIP bringing it into the 1K Club; reduced Sunlife Financial SLF by 100 shares; and removed Wells Fargo WFC.
- Achievement of reaching the Minimum Wage Goal of $17,550 is now at 87.37% with $2,215.45 outstanding.

Progress for Q3 FY2016. (Values represent potential full year cash flow.):

Book Value	$327,113.90
Yearly Distribution	$15,334.55
Yield Total	4.68%

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

Dividend Goal	% Completion	Remaining
$50,000	30.69%	$34,665.45
$25,000	61.33%	$9,665.45
$17,550	87.37%	$2,215.45

Holdings:

- Monthly Change:

July

Book Value: $314,151.397115

Yearly Dividend: $14,801.76496

Yield Total: 4.711666%

August

Book Value: $320,146.073931

Yearly Dividend: $15,013.72552

Yield Total: 4.689648%

September

Book Value: $327,113.900313

Yearly Dividend: $15,345.3688

Yield Total: 4.691139%

Updates:

- Added: Small position in Imvescor Restaurant Group (IRG)
- Increased: CAR.UN and ENF

- Decreased: SLF

- Removed: CWB

Upcoming:

- Updating the goalposts and adjustments on Minimum Wage and hours worked.