I hope everyone is enjoying their summer! It has been a whirlwind past couple of weeks with a big international move, a big purchase, and a new job. Most people would shudder at the thought of just one of these big changes in a month but somehow it has worked out very smoothly. More on these changes in another post, for now let’s look at what Mr. market did in July and how the dividends kept rolling in for the Niche Fund.
July witnessed further gains by all of the major indices I follow. From July 1-31 2016 here is what happened: S&P +3.56%, NASDAQ +6.59%, TSX +3.68%. I did not wish to add to my fund at this time so no new purchases this month. I’ve hesitated for the past few months for a couple of reasons: 1) Mr. Market seems to be overvalued and 2) my big purchase.
Only three of my holdings paid dividends in July so no new records set. The grand total worked out to $13.40 for July bringing the 2016 amount to $71.20. This month represents the 1st anniversary of the Niche Fund. I was unfortunately not able to invest as often as I had originally hoped. Nevertheless, the snowball continues to grow as the dividends will be used to fund future purchases.
July Dividends Received
It is very encouraging to see the money I have invested in equities generating some passive income. The holdings in my Niche Fund pay quarterly dividends so some months will have more income reflected than others. My Dividend Income page has a calendar showing when I expect to receive dividends from each of my holdings.
Did you have a solid month for dividend payments? Have you shifted any of your objectives given the high prices of quality stocks? Please let me know your thoughts on where you’re investing with such high p/e ratios!