DIVICENTS
My monthly investing update
Well, July has come and gone and it’s time to look back at my savings rate for the month. As you can see in the chart below, July was a big drop!
My total income for the month of July was $3050
My total hard cap expenses for the month was $1300
The total savings into my investment account was $1000
My total savings percent for the month of JULY was 32.79%
That left me with $650 of disposable income for the month, not bad but I knew it was going to be tight. (more…)
I received $380.16
in dividends in JULY.
Every quarter there are 3 months or dividend payouts, this is the smallest one.
| Monthly Dividends per Year | 2016 | |||||
| Month | 2015 | 2016 | 2016 $INC | 2016 %INC | Q OVER Q INC | |
| April | $201.00 | $313.00 | ||||
| July | $200.00 | $380.00 | $180.00 | 90.00% | 21.41% | |
Last July my dividend total was $200 giving me a year over year increase of 90%!
My quarter over quarter increase was 21.41% and my total dividend haul this year is now $3221.
Is it just me or does anyone else feel like Gollum from lord of the rings every time you receive a dividend payment? My PRECIOUS!!
The Dow hit a record high in July off weak earnings.
I like to use the Schiller P/E ratio to gauge the value of the overall market.
July – S&P 500 had a Shiller P/E: 26.9.
That is 61.1% higher than the historical mean of 16.7
Prof. Robert Shiller of Yale University, who won the Nobel Prize in Economic Sciences in 2013 – invented the Schiller P/E to measure the market’s valuation. Schiller also predicted the crazy P/E ratios of the late 90’s would turn out to be a bubble.
I continue to move to safety.
Total Purchases $5580
Total Sales $1997
I sold 100 shares of KMI this month.
I bought 219 shares of TSE:XLB Canadian Long Term Bond ETF for $25.47 per share for a total of $5577. This brings my total share to 299. I plan to add more of this next month unless the market drops in which case I will buy more stocks.
I will look to buy if the DOW gets as low as 17000.
I sold all my shares of Kinder Morgan today. As I mentioned in my older posts, I will be exiting many of my oil stocks that I picked up during the downturn.
I purchased KMI for $12.98 USD on Jan 15, 2016
I sold KMI for $19.97 USD on Jul, 12, 2016 for a 54.12% capital gain in 6 months not including dividends.
It crossed it’s 200 Day moving average so it might move higher on a technical level but whatever to that nonsense.
The reason I sold this today is two-fold.
1) It sold a jewel of an asset to finance debt on what I see as a bad deal.
2) The Dow, S&P hit new highs. Anytime I read headlines of new highs I start to prepare a bit more for the lows. This is not to say I expect the market to implode tomorrow but as Warren Buffet says “Cash combined with courage in a time of crisis is priceless”. According to Prof. Robert Shiller of Yale University, the market is historically over priced right now.
Shiller P/E is 59.9% higher than the historical mean of 16.7
Implied future annual return: -0.5%
Historical low: 4.8
Historical high: 44.2
S&P 500: 2153.33
I would bet that having near zero interest rates plays a large part in this market but i’m not sure that tells the whole story.
Unfortunately I had very few shares of this. I was never comfortable with the amount of debt they carried and still am not. I bought this as well as another half dozen or so oil stocks that I figured could hold out in the low price environment for a sustained period of time and catch a better price when oil eventually recovered. I thought oil would stay lower for longer so I was only picking up $1000-$2000 per payday and didn’t want to leverage into it.
So far I have only unloaded 2 of my oil companies
TSE:TCK.B (+43.23) Sold way too soon!
KMI (+54.12)
Holding and looking to sell-
TSE:ECA (-36.44) Bought way too soon!
TSE:BTE (+182.91) Bought just right….
Holding and never plan on selling-
TSE:SU (+16.42)