Wednesday, December 4, 2019

Passive Income Update – Oct 2019

Welcome to our monthly passive income update for October 2019. This is part of the scorecard series where we track our dividends and other sources of passive income. We also include changes and updates related to our investments during the month – showing the overall progress.

Passive Income  Update

Passive income for the month of Oct 2019 was CAD$723.89, which comprised of US$88.32 and CAD$607.31 (exchange rate is US$1 = CAD$1.32).


The change for the month is -19.6% QoQ and -4.5% YoY. This brings our passive income to $7,594.17 YTD and achieves 94.9% of our annual goal of $8K in passive income.


Income Sources

Passive income contributing entities:
Stocks:
  • Algonquin Power & Utilities Corp (AQN.TO)
  • BCE Inc (BCE.TO)
  • Constellation Software Inc (CSU.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Kirkland Lake Gold (KL.TO)
  • Toronto Dominion Bank (TD.TO)
Funds:
  • BMO Aggregate Bond Index ETF (ZAG.TO)
  • BMO EM CAD Hedged Bond ETF (ZEF.TO)
  • Vanguard Total Bond Market ETF (BND)
  • Vanguard Emerging Market Bond ETF (VWOB)
  • Scotia Diversified Monthly Income Fund (mutual fund)
Other:
  • Advertising revenue from this blog
  • Interest on cash
  • Cashback credit card
The breakdown of our passive income contributing entities: dividends & options totaled $647.53 and other passive income totaled $76.36.

Portfolio Activity

Dividend Increases

  • None

Added Positions

During the month, we added the following position to our portfolio
Stocks:
Funds:
  • Scotia Diversified Monthly Income Fund (mutual fund) *DRIP*
  • US Equity & International Equity Index Segregated Funds
  • iShares Growth ETF Portfolio (XGRO.TO)
  • BMO EM Bond ETF (ZEF.TO)

Closed Position

  • EVI Industries (EVI)
You can track the options via a tracking sheet here.
That’s all folks! Hope you had a great October as well. Be sure to share your thoughts, comments or concerns below. I love hearing from the readers.

Disclosure: Our full list of holdings is available here.

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