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Revisiting why I DRIP

To DRIP or not to DRIP, is that the question? This Shakespeare-esque question popped into my head again after reading other blog articles about Dividend Reinvestment Plans (DRIPs). Personal finance and investing is, after all, personal, so I’m not convinced dividend reinvestment plans are everyone.  Maybe you prefer the income from dividend-paying stocks.  Maybe you need the income from dividend-paying stocks (for living expenses).  At this point in my life, I’m not in either camp but this doesn’t mean things won’t change.  Until ...

July 2011 Dividend Income Update

Over the last few months, seems like every time I provide my dividend income update, I’m also talking about markets acting like a yo-yo.  200 points up.  400 points down.  100 points up. To be honest, the ebbs and flows of the market don’t faze me much.  Watching the market everyday is like focusing on waves in the ocean.  There are always storms that create massive waves amongst still water days.  I’m more concerned with the big body of water as a whole – and I don’t see anything different.  I’ve learned ...

June 2011 Dividend Income Update

Hard to believe it’s already been a month since my last dividend income update – summer is really flying by! Last month I asked if readers were panicked about the stock market. Some readers, like Jon Evan said “sell in May and go away!”  Jon went on to say that “traditionally markets correct at this time of the year although this spring has seen a more bearish one……hey even Apple has dropped 10% and is still falling.” You’re right Jon, there are certainly some seasonal stock market trends although I’m no expert at that so ...

Summer Update – 2011 Personal Finance and Investing Goals

  Back in January, I wrote down our personal finance and investing goals for 2011:  • Goal # 1 – Increase mortgage payments by $200 per month. • Goal # 2 – Contribute $5,000 each to TFSAs. • Goal # 3 – Optimize our RRSPs. • Goal # 4 – Continue my full DRIP with Bank of Nova Scotia. • Goal # 5 – Start my full DRIP with Fortis. • Goal # 6 – Build up our emergency fund to $10,000. In April, I provided you with an update on where we were at with our goals – some good progress was made actually.  This year I posted our goals ...

May 2011 Dividend Income Update

Hard to believe it’s already been a month since my last net worth update but alas, here I am. I don’t know where you live in our faboulous country, but it’s been pretty hot in the Capital lately. I wish I could say the same thing about my investment portfolio (hot like the weather) but it’s down; probably like your investments. In reading some personal finance and investing forums and blogs over the last week or so, I’ve seen the word “panic” crop up a few times during the recent market slide. “Panic” ...

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