Dividend Digger

Compound interest is the eighth wonder of the world. He who understands it, earns it . He who doesn't, pays it.

Quarterly Update and Asset Assessment

Happy St. Patrick’s Day everyone! And what better way to start this day by writing up an Asset Assessment. Damn 2016 is hands done one of the biggest years of my life. The fruits of many years of solid labor, and dedication are starting to pay off. I couldn’t even begin to tell you how many nights I’ve worked myself to the point my body’s joints start to ache. The amount of sacrifice I have made to get to where I am at, the amount of responsibility I have held on my shoulders these past 7 years, and it’s all starting to come together. I feel very much like a snowball midway through its pathway of becoming a massive snow boulder just startingto pick up some momentum, it is like my dividend income finally has some mass, but not as strong had it be like the Giant snowball at the bottom of a long steep hill. It’s very surprising how close I am to reaching F.I. almost as though I’m barely out of reach.

When I first started I was oblivious to the actual power of compound interest, yeah sure I have read about it, but to actually experience it in such a way? To read about it only allows you to understand it to a certain point. But when you experience something like this, you understand it more and more as you live through it, what better way to understand and learn anything in general than to actually do it, right? Once in a while I’ll be antagonized by cohorts that I’m wasting the “best years” of my life, when I could be out traveling or buying nicer things, and not waste my youth to become a wealthy old man. I agree to a certain point, Life needs to have a balance of work and play. One of the most compelling reasons I and many other Financial Independent Junkies want to reach FI so bad is because we actually appreciate and value our time. We all have different reason as to why or how we recognized the significance of time, and I found my appreciation for it when I was about 17. I was a full time student at one of the most intense programs in that Tech School (NAIT) at that time (2008-2010). I think over the span of 2 years, I had to take over 30 different courses. And with that came over 30 different final exams, as well 1 final exam that covered everything, and then a licensing test. The tests never ended. I remember the feeling of hopelessness after my first week and having bought all my text books and worksheets, looking at that stack of papers that would soon consume my life for the next 2 years (pretty sure the stack would have been up to my shoulder haha). During the time I was in school, I lived with my sister while she was attending university in the same city as me, unfortunately for me I lived about a 50 minute bus ride from my school. So I spent lots of time on the bus to say the least, and when you spend almost 2 hours a day just to travel to school you begin to understand how important time is, especially when I didn’t have time to waste.

I’m a skateboarder, I’ve been one since I was 14 years old, and I’m 25 right now and I still have just as much fun skateboarding today as I did 11 years ago. This brings me to another thing I wasn’t willing to completely sacrifice when I moved to the city to study. I think skateboarding is what kept me sane throughout much of this process actually, it actually gave me a means of winding down from a day of trying to learn, and prepare myself for a night of studying. But skateboarding and good grades come at a cost, and lo and behold it was TIME. Where I am going with all these stories is, I had to learn how to budget my time. After realizing how EXPENSIVE time was, I wanted to start finding a means to free myself from the one thing that costed me the most time, my dependence on a job.

2016 is a huge year for me because so much is happening so quickly. To start things off, I got another solid tax return back (gotta love the RRSP!). Also I’ve received 2 raises this year as well as retro pay for about 10 months. On top of all that I’ve been able to stay vigilant with the market turbulence with the fall in oil prices and kept putting fresh capital into the market and practicing dollar cost averaging. As well, many of the companies I own in my portfolios have increased their dividends these past several months. Success truly does beget more success.



networth 2016

RRSP:  $101,835.62

TFSA: $50,707.09

Non-Registered: $23,531.50

Cash: $20,687.09

Liabilities: $0.00


Net worth for Mar 17, 2016


Net Worth for Feb 20, 2016

$164, 311.80

Increase of $32,450.02 / 19.7%


  1. Keep it up Ace. You’re off to a great start bud. At 25 years young, your ahead of your peers. Keep up the momentum and by 30, you’re set for life. Thanks for sharing bud and I’m happy for your progress. Cheers my friend.

    • Ace

      March 19, 2016 at 4:25 pm

      It is a real satisfying feeling man, I can’t wait to see where I’l be with my goals by the time i hit 30. Hard to think how fast these 3 years went since i purchased my first stock. Thanks for stopping by brah!

  2. Nice update. Everything appears to be going in the right direction for you. At your age, getting started now will pay huge dividends in coming years. Keep pushing.

    • Ace

      April 4, 2016 at 1:37 am

      Thanks Investment Hunting, I think its safe to say all dividend investors are always looking forward to the future ;)

      best regards


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