Baby R2R’s Portfolio Update – Q3 2018

Another late quarterly update, but for the sake of documentation still going to post this as I want to track the progress when I look back & review later.

This is the fifth update in a new(-ish) series where I intend to share the progress of Baby R2R’s investment portfolio. I started documenting this in Q3 2017 and intend to provide quarterly updates.

Baby R2R was born in Spring 2016 and a few months later, I setup her education fund to which I contribute on a regular basis. We live in Canada, so we take advantage of the RESP program (Registered Education Savings Plan), an account type where we can save and invest for our child’s secondary education. In addition to tax advantages, we also receive an education grant, which matches upto 20% of the saved amount (upto a max of $500 per year). How can anyone say no to free money? ūüôā

In addition to the education fund, we also decided to start a Nest Egg fund, where we save and invest for Baby R2R and let compounding do its job over the course next couple of decades. The two accounts take different approaches to investing strategy.

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Quarterly Update – Q3 2018

A long overdue post. Due to busyness on both personal and professional front, I had ignored updating the blog a bit over the past month or two. But here is the quarterly update for Q3 2018.
Welcome to the quarterly update for Q3 2018. This is part of  a series where I track our financial progress on a quarterly basis. I present three parts in this series: (i) Investment & Portfolio Update, (ii) Passive Income Update, and (iii) Goals Update.

1. Investment & Portfolio Update

Q3 2018 saw a some decent activity in our portfolio.
We added to the following positions.

We closed positions in

  • (none)

We continued adding to the following funds

Q3 saw no dividend increase announcements in our portfolios ūüôĀ The following calendar provides a quick overview of changes in our portfolio.

Passive Income Update – Oct 2018

Welcome to our monthly passive income update for October 2018. This is part of the scorecard series where we track our¬†dividends and other sources of passive income. We also include changes and updates related to our investments during the month –¬†showing the overall progress.

Passive Income  Update

Passive income for the month of October 2018 was CAD$758.30, which comprised of US$192.24 and CAD$506.47 (exchange rate is US$1 = CAD$1.31).

The change for the month is +19.39% QoQ and -9.10% YoY for the month. This brings our passive income to $7,414 YTD and achieves 67.4% of our annual goal of earning $11K.

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Passive Income Update – Sep 2018

A long overdue post. Due to busyness on both personal and professional front, I had ignored updating the blog a bit, but better late than never, right? Here’s an update on our September passive income earnings.

Welcome to our monthly passive income update for September 2018. This is part of the scorecard series where we track our¬†dividends and other sources of passive income. We also include changes and updates related to our investments during the month –¬†showing the overall progress.

Passive Income  Update

Passive income for the month of September 2018 was CAD$560.06, which comprised of US$113.67 and CAD$411.15 (exchange rate is US$1 = CAD$1.31).

The change for the month is -23.16% QoQ and -22.24% YoY for the month. This brings our passive income to $6,656 YTD and achieves 60.5% of our annual goal of earning $11K.

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Recent Buy – IPL

BuySell

A quick update on a a recent purchase in my portfolio to close out the month of October.

I feel like I keep repeatedly publishing the same post over and over ūüôā I had put in a low-ball offer a few weeks/months ago, which got executed last week. In this purchase, I added 100¬†shares¬†of¬†Inter Pipeline Ltd (IPL.TO) @ $20.80.¬†IPL is a pipeline company that I have been a shareholder in for a long time and continue to build my position over the years. I have doubled my position since the start of 2018 with these purchases. IPL now makes a substantial position in my portfolio and will possibly look at limiting any more build-up since I do not want to own too much portfolio concentration in a single stock. With a current yield of ~7%, this purchase adds CAD$168 to my forward dividend income.

With WCS crude prices selling at record lows, the upstreams are desperate to sell as much as they can to keep the revenues up (possibly a good time to look at some upstream plays in the Canadian oil sands sector, such as Suncor, Cenovus, Canadian Natural Resources etc…but I digress). As a result, all pipelines are running full and future capacities such as Line 3 from Enbridge that is scheduled to come online in fall 2019 is already completely sold out. In addition to the pipelines, upstream operators have been buying all capacity they can find on railroads, trucks etc. So, it’s a good time to be a midstream operator in Alberta, and I think this is a good opportunity to add to IPL.

Full Disclosure: Long IPL.TO. Our full list of holdings is available here.