I thought it would be nice to end the year with a recap of my dividend income (and really, writing for this blog is helpful as it helps keep me accountable as to what is actually happening with my dividend income) for 2013. In case you want a refresher, here was my dividend income update for September 2013. I have over $5000 a year in dividend income now, which is pretty exciting. Still have a long way to go from $20,000 worth of dividend income per year, but hey, I guess we all have to start somewhere, some how.
Unfortunately (or maybe fortunately, depending on how you look at it…) some of the orders that I put in way back in September still haven’t been executed. I even raised the buy price in October and that still didn’t work because the price kept inching upwards.
Questrade IQ Essential Review
As some of you Questraders know, Questrade has changed their platform for some time. I tried to resist this for as long as I could and then they just changed it one day for good.
At first I was angry because as a creature of habit, I’m not a big fan of change, but to be honest, Questrade IQ Essential has grown on me. I used to have to log in and out multiple times to see all of my different accounts (and have to memorize the different log in account names for each of my RRSP, TFSA, and non-registered accounts).
And since I haven’t done a pros and cons list in a while, I thought it would be nice to divvy up the benefits and drawbacks in a quickie pros and cons list.
With the new Questrade IQ Essential, it is much more streamlined and easy to look between my accounts. With one login, I can access the RRSP, TFSA, and non-registered account, which is much nicer for my brain.
It seems to be much quicker too and there don’t seem to be as many mistakes (in the past, the previous platform was often loaded with mistakes to the point that I was quite irritated). However, this new platform seems quick and doesn’t take forever to load, which is nice.
One major complaint that I have is that Questrade used to have the book value of your purchase. Although they still have the average price listed and the number of shares you bought, it was still really nice to see and compare how much my market value differed from the book value. They currently do list the Product and Losses but it would still be nice to see the book value and market value, straight up. I’m not sure if there’s some sort of function to toggle what you see on your log in screen when you check your portfolio positions. Maybe I am computer illiterate and there’s a magic place you can indicate and customize it.
The other con that I have (and again, maybe there’s some sort of computer hack or way to get rid of this screen) is that they have an automatic chart when you log in. It’s not a stock that I have been watching or anything, but it always shows up as THI.TO. I don’t know what THI.TO is and I don’t really care, I’m not really sure why Questrade wants me to track that stock. Maybe I have it on a weird setting or something.
I also don’t like the half screen thing/ appearance but I think I just figured out how to toggle that, hopefully upon logging out that saves and it will be the same setting when I log in again in the future.
December Dividend Income Update:
Well, here’s a snapshot of my updated dividend income list. Enjoy! NLY sold by itself because it went down about 10% I think as I had set a stop loss order. I haven’t bought it again or anything so I’m back down to under $5000 per annum in dividend income.
Readers, what do you think of the new Questrade IQ Essential? Good IQ or low IQ?