My dividend income increased! The $1.1K mark per month is not out of reach!

Take a look at those beauties! There are beautiful flowers all around Montreal.

My investment portfolio registered great numbers yesterday, but they were not as high as the ones I registered back on May 25. Yesterday, my non-registered portfolio closed at $199,175.80, my U.S. portfolio at US$5,353.58, my RRSP stocks-only portfolio at $107,137.39, and my TFSA portfolio at $179,582.21.

Today, I was in for a good day, but I turned into the red at the end of the trading day. My stock portfolios closed the day with a loss of $1,600. Too bad, but my numbers are still quite good. If I am no longer within the $600,000 net worth, I may not be very far behind.

Recently, many bank stocks that I hold increased their dividend distributions:

TD Bank (TD): +3.7%
Royal Bank (RY): +7.3%
National Bank (NA): +6.4%
Bank of Nova Scotia (BNS): +3.6%

This helped push my dividend income to an equivalent of $1,065 per month, excluding the dividends earned inside my RRSP portfolio. Whatever dividends I earn inside my TFSA portfolio, I reinvest the money in TD Cash Management ETF (TCSH) units. To this day, I hold over $10,000 in TCSH. I consider that investment as being part of my savings. I may need to withdraw some money from it in July to pay for some expenses, but that had already been planned.

I would like to eventually increase my dividend income, but that’s a long-term goal. For the present time I am enjoying Montreal weather.

Welcoming a $604,214.80 Net Worth!

Again this evening, I updated my investment portfolio, only to find out that I am now sitting on a $604,214.80 net worth! The TSX closed today’s session at a beautiful 34,830.89 points, up 359.53 points, or +1.04%. That strong gain helped push me even closer to the $605,000 mark. I am still digesting the fact that I am now officially in the $600K net worth range. Now that I am finally there, it almost feels unreal.

After work, I went for a little walk. Along the way, I came across some absolutely lovely lilac trees. Montreal is so beautiful at this time of year, when everything is blooming and the city begins to feel alive again.

At the same time, there is construction work going on just about everywhere in Montreal, including in my own surrounding area. At some spots, it is honestly difficult to understand what is going on. Still, I find it interesting to watch. Sometimes, the scenes are quite chaotic: orange cones everywhere, streets half-open, sidewalks blocked, construction sites that seem to be left unfinished...

And yet, somehow, there is a certain poetry within all that chaos. Montreal in the spring is a strange mix of beauty and disorder: lilacs in bloom, broken sidewalks, orange cones, traffic detours, and people simply trying to make their way through it all. How can such a beautiful city be so messy?