Portfolio Letter – Wealth-Builder Model Portfolio (CDN) – As of April 30, 2026
Posted by BM on May 20, 2026
Four Years In. The Income Machine Is Working.
“I measure our progress primarily on the basis of the income we are collecting and the growth of that income through dividend increases.”
- Josh Peters
THE SCOREBOARD
Four years ago, we launched the Magic Pants Wealth-Builder Model Portfolio (CDN) with a simple objective:
Build a disciplined portfolio of high-quality dividend growth companies, manage it in real time, and show subscribers exactly how the process works.
No theory.
No backtests.
No hypothetical returns.
Real money. Real decisions. Full transparency.
Here is where that process stands today:
✅ Portfolio Value: $190,322
✅ Annualized Dividend Income: $4,785
✅ Unrealized Capital Gains: $35,994
✅ Year-to-Date Total Return (Including Dividends): 7.99%
✅ Annualized Total Return Since Inception: 15.35%
✅ Companies Paying Us Dividends: 24
✅ Canadian Economic Sectors Represented: 8
That is what disciplined dividend growth investing looks like when process meets patience.
Portfolio Growth Since Inception
EXECUTIVE SUMMARY
This quarter:
✅ $1,211.66 in dividend income collected
✅ Annualized income rose to $4,785
✅ 11 dividend increases announced
✅ 1 dividend suspension (goeasy)
✅ Portfolio remains aligned with plan
WHY THIS PORTFOLIO EXISTS
The Magic Pants Wealth-Builder Model Portfolio (CDN) is not just a portfolio.
It is a coaching tool.
A real-money demonstration of how disciplined dividend growth investing works over a full investing cycle.
Every purchase is real.
Every dividend is real.
Every gain is real.
Every mistake is real.
Subscribers are not watching a hypothetical model.
They are watching an investment process unfold in public.
That matters.
Because investing is easy to explain in hindsight.
It is much harder to execute in real time.
THE MAGIC PANTS PHILOSOPHY
We do not trade tickers.
We build ownership in productive businesses.
Businesses that:
generate strong cash flow
earn attractive returns on capital
reward shareholders with rising dividends
are purchased only when sensibly priced
Then we let time do the heavy lifting.
That is it.
No forecasting recessions.
No chasing headlines.
No pretending we can predict market sentiment.
Just disciplined ownership.
THE FORMULA THAT DRIVES LONG-TERM RETURNS
Our investing framework remains simple:
Future Market Returns = Dividend Yield + Dividend Growth ± Change in P/E Ratio
This formula matters because it separates what is reasonably predictable from what is not.
We cannot control short-term valuation swings.
We cannot control investor sentiment.
But we can identify:
sensible starting yields
quality businesses
strong earnings growth
rising dividends
reasonable valuations
That makes long-term investing far more predictable than most investors realize.
PORTFOLIO PERFORMANCE
Results matter.
But context matters more.
We have been investing through a strong bull market.
That helps.
Still, process deserves credit.
Since inception, this portfolio has delivered an annualized total return of 15.35% while growing its annualized dividend income to $4,785.
That combination matters.
Because our goal is not simply portfolio appreciation.
Our goal is financial independence through a growing income stream.
Capital gains are helpful.
Growing income is transformational.
Portfolio vs Benchmarks
You’re currently reading the public section of this quarterly portfolio letter.
Public readers receive the high-level portfolio story.
Paid subscribers receive the full playbook:
every trade
position sizing decisions
valuation commentary
dividend income details
portfolio construction insights
buy/sell rationale
full coaching analysis
If you are serious about building a rising stream of tax-efficient income, the premium experience is where the real work happens.
