Passive Income – October 2019

Passive Income – October 2019

While it’s not exactly November yet, it is the 31st. Halloween day. My kids are pretty excited, but its pretty safe to say our daughter who is 1.5 years old is right into Halloween. She loves watching Halloween stuff on you tube and constantly says trick or treat. Getting candy is a whole different story from our son, she screams for joy! (Literally)

The weather is going to be pretty crazy tonight with even more rain and winds up to 100 km, so it will be interesting to see how hard the kids will go. Of course when they come back, I’ll teach them about taxes. Reese peanut butter cups and coffee crisps got a pretty high tax rate around here.

October was a great month

  • I went away fishing with the boys for the weekend. We caught about 25 pike up to 7 lbs and landed a 8 lb steel-head. That was pretty cool, we didn’t even know there was steel-head in there but we were trolling with spoons, so they will hit too!
  • Had thanksgiving with our family’s. Always nice getting together. Life’s pretty good. Remember to be thankful for what you have and the people around you. Thanks to you, as well. The views and comments encourage me to keep writing and grow as a whole.
  • Took the kids, trick or treating at the mall last weekend. Was a blast, but took them to the Halloween store and those fancy animatronic things really freaked my daughter out.. haha, hopefully I didn’t scar her for life.

Now let’s get to the money….




Raises or Cuts
  • No raises or cuts that I know of

Total Added Income from Dividend Raises so far in 2019 – $‭174.13‬

July 2019 Passive Income

Dividend Income

12 Companies paid us this month.

StocksOctober 2018 IncomeOctober 2019 Dividends
Totals368.45502.22
Restaurant Brands26.6030.49
Altagas5.482.40
Sienna Senior2.45sold
ZDY Etf7.67sold
Bell Canada050.72
Cisco44.2246.90
Shaw 30.81(One Drip)sold
Transcontinental025.08 (1 Drip)
Telus48.30 (One Drip)54.00 (1 Drip)
TD Bank89.78 (One Drip)91.02 (1 Drip)
Bank Of Nova Scotia22.1086.40 (1 Drip)
Interpipeline028.36 (1 Drip)
Riocan39.96(One Drip)29.40 (1 Drip)
Extendicare16.84 (2 Drips)17.80 (1 Drip)
Algonquin Power34.24 (2 Drips)39.65 (2 Drip's)

9 stocks Dripped in October.

October 2019 Dividend Total = $502.22 A 36.30% growth rate. Mmmmmmm

October 2018 Dividend Total = $368.45 (Previous Dividend Income)

Our Drips (Dividend Reinvestment Program) added $14.44 to our yearly forward dividend’s this month.

Passive Income - October

A 36.3% growth rate? It’s been awhile since I’ve seen anything like this. That’s fantastic, but knew it was going to be up there. After selling our position in shaw and moving that money towards better dividend growth telco’s these month’s will surely increase. I will continue adding to telus and bell in the coming year as the communication sector continues to be one of my lowest in the portfolio.

Trailing 12 Month Return

Jordan recently did a post about how people focus too much on just their dividend income and ignore their overall portfolio growth. It was a good post check it out. He challenged bloggers who post their monthly dividends to include their total return as well. I will include this every month going forward. In the last 12 month’s our portfolio has posted a 17.17% return. I don’t know if this includes dividend’s but will ask rbc.  If not add another 4.45% as that is our current portfolio yield on cost.


Other Income

Private Investment Payment – $500.00

Nothing new here, just our regular monthly payment. (I don’t even have to edit this part every month) Steady Eddy…….


Solar Income

In September (We always get paid a month later) our solar panel system generated 795 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $228.96 into our chequing account this month.

13 bucks less than last year, but its been a wet one…..

Total Income for 2019 so far – $2,245.23‬

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$4,761.19

_____________________________________________

Amount to Break even —- $–27,635.27


Passive Income - October

Total October 2019 Passive Income – $‭1,231.18

Total Passive Income Increase over last year. – 9.05%

Got to be happy with that growth rate, especially since last year we had amazon toss us some money and solar is slightly down. With the winter coming and next month being our lowest dividend month, it will be interesting to see if that 1,000 dollar mark can continue to hold it down.

Passive Income - October

Totals For 2019

Dividends Year To Date Total – $4,803.61
Other Passive Income Year to date – $‭7,839.81
Total Passive Income for 2019 —– $12,643.42
Year End Goal – $15,500 ——– %81.57





October 2019 Purchases

We decided to bring Nutrien back to our portfolio after selling it for over 70 bucks last year for the car. We bought 26 shares and it will add 46.80 usd to our forward income.

Goals Update
  • I want to read 10 books this year. A complete fail this month, I didn’t read any books this month, time flew by and things were really busy 6/10 all yr (I Don’t include audio Books).
  • Get A Will – DONE. You can read about that here.
  • Picked up some Garbage – Nothing special, saw some garbage and threw it out.
  • Charities – Continued our monthly $50 donation to The Nature Conservancy of Canada. With the start of November near, it’s time to grow that stache for Movemeber. Last year I raised 170 bucks, hopefully this year I’ll surpass 250. Do you contribute to movember?
  • Increase Dividends by $1,100 this year. With New Purchases, Drips and Dividend Raises this month we added $61.24 to our dividend Portfolio. So far in 2019 we have added $907.44 (%82.49 of our goal.) (Lost $446.94 on sale for car, but want to keep this separate)
  • Reduce Screen Time before BedSlacking. Needs Improvement
Conclusion

A great month across the board. Gotta love seeing growth rates like that. There has been too many moves in the portfolio and we can see some of the sales finally disappearing from the charts. That’s nice to see. Will I hit my yearly goal of passive income this year? I dunno, looks unlikely. I have no bad feelings about it though, I do my best to avoid monster dividend yields these days, as I’ve been burnt in the past with that technique.

How was your month? Setting new records? Which stocks are you contemplating adding currently?

Wish you all the best, Cheers! That concludes our October 2019 Passive Income Report.

“Everybody has the ability to build a financial Ark to survive and flourish in the future. But you must invest time in your financial education to build an Ark with a solid foundation” – Robert Kiyosaki




29 Responses

  1. Rob- Your dividends killed this month! Congrats, reallocation really paid off. What’s the tax rate on those Reese’s? 100% seems reasonable.

  2. May says:

    17.17% return for the last 12 months is very impressive. Congrats.

    There was one dividend raise for me in October: FN raises the dividend a little bit, 2.63%. This stock rewarded me very well so no complaint.

    Total return surely is important. I really need to improve on that.

    • Rob says:

      hey May

      Thanks. We had our very first house mortgage with first national and I contemplated buying their stock. Never did though, congrats on your raise.
      keep it up
      cheers

  3. First off, thanks for the shout out! Secondly, that 12 month performance looks pretty damn good (and pretty close to mine). Thirdly..hot damn 36% YoY growth is insane. Fourthly – I love the mix of Dividends/Solar & Private investment…nice diversification. Lastly…cute kids!

    Happy Halloween.
    MoneyMaaster recently posted…Transcontinental: Stock ReviewMy Profile

  4. Nice YoY dividend income growth, Rob. I don’t think I’ve experienced anything close to that this year. Too bad no raises this month though…. more for next month, right?
    I like that dividend shot in the arm from Bell Canada. $50 from a newcomer is awesome.
    Your 12-month return looks sweet, especially considering it includes that ugly market performance in Q4 of 2018.
    It all looks good, Rob… keep it going.
    Happy Halloween! Don’t eat too many peanut butter cups at one time!
    Engineering Dividends recently posted…Performance Check – Realty Income (O)My Profile

    • Rob says:

      hey Paul

      Thanks man, These months have been getting alot of our money these days. Hopefully those numbers continue.
      So close to dripping bell, so Ill have to add to that. Speaking of raises abbvie raised theirs 10.3% today so its already better than October. sweet!

      Dont challenge me with peanut butter cups!
      haha cheers

  5. Awesome dividend growth! Great to see double-digit total return too. It all adds up to some impressive numbers in net worth! 🙂 Keep up the great work and Happy Halloween! 😀
    My Dividend Dynasty recently posted…Recent Buy – 3M (MMM)My Profile

  6. PCI –

    Loving the growth in dividend income. With the Solars – how long will those last you? I forget how many years you stated earlier. No sun is no fun… and that’s def. been the story this year.

    -Lanny

    • Rob says:

      hey lanny
      Thanks, the solar is warrantied for 20 years but they should last a lot longer. The contract with hydro one is for 20 years total though, so will be interesting to see what happens then. Hopefully a new contract at the same rate (as hydro rates will be higher for sure in 20 years)
      cheers Lanny

  7. John says:

    Hey Rob,

    Nice month of dividends! I somehow managed YoY dividend growth of 57.5% with a lot of the same names you are holding (this to me speaks more to how I have focused on dividend income this year, while last I was more focused on international index exposure). Don’t have the awesome private investment & solar income you do, but am targeting five figures of forward dividend income by sometime next year.

    Telus seems to have had a bit of a pullback in October. Are you thinking about adding as we go into November? I am looking to add EAFE and S&P 500 tracking ETFs, as well as possibly picking up a few more shares of IPL depending on how Heartland looks to be progressing when they report.

    GL in November and thanks for the update.

    Cheers,

    John

    • Rob says:

      wow John

      That is fantastic, congrats to you! International exposure is something I have really been thinking of starting. (Maybe a solid etf?) I like the 5 figure goal, that is a solid chunk of change.

      Telus is really tempting for sure these days, but I still got 1k to put in the kids resp this year and most likely that will go to bell. This way the position will start dripping for them. (although I do think telus offers a better value atm) I have been putting money recently into our rrsp so this months purchase will most likely be a us stock. (jnj dis or 3m)

      Ipl is interesting since its pulled back after the rumours of a sale. Shows how undervalued it is. Although with the Liberal govt I dunno how well energy stocks will do. We keep seeing more move south of the border…..

      Anyways always appreciate the comment John best of luck to you as well in Nov
      cheers

      • John says:

        Thanks Rob! October is the first month that I have records of YoY dividend numbers, as this marks one year since I started doing monthly tracking. If it wasn’t for blogs like yours, I wouldn’t even know about the extent of the change!

  8. Congrats on another amazing month. Gotta love receiving money with no work.

    Telus and Bell are solid.

    I reached a new high for dividends last month. I going to change my investment spreadsheet to include the one US stock that I have held for several years.
    Investing Pursuits recently posted…Dividend Income Update: September 2019My Profile

    • Rob says:

      hey Pursuit

      thanks man. Really curious. Why have you never included that one us stock?
      haha
      congrats on your new high.
      cheers

      • I owned GE around 2009 or so, but my blog started later. So, I have a small US cash position in margin. The only US stock that I own was one that I thought I would sell quickly but then decided to hold onto it. Since I was going to sell it quickly at the time, I did not bother to account for it on the portfolio tab.

        The stock has been my best performer in terms of percentage gains lol. I recently published my portfolio update.
        Investing Pursuits recently posted…Portfolio Update: October 2019My Profile

  9. Nice review as always PCI. It seems that you had a lot of fun with your family this month 🙂
    That passive income growth is also really nice. Let’s see if you can reach $1100 in added dividend income this year!
    Keep it up!
    BI
    BrokeInvestor recently posted…October 2019 Passive Income SummaryMy Profile

    • Rob says:

      hey broke

      Thanks, always trying to do something cool with the kiddos.

      I’ll do my best but with my worse month in the mix, I dunno… lol

      cheers

  10. DG Tech says:

    Another solid month Rob! Love seeing your updates!

  11. Way to go Rob! Your portfolio delivered a treat and no tricks for you. Such outstanding growth, those dripped shares will just fuel that growth in the months and years ahead. Congrats buddy have a great November!

    • Rob says:

      Thanks Matt
      Always love dripping them shares, investing on autopilot! It really can’t get easier than that.
      Look forward to your report, cheers

  12. German says:

    What a great month! Happy to see you back on track with double digit growth! Gotta love the drips and income diversification. Nice dividend from Bell, gotta add a bit more to your position to enable the drip. Kids will thank you later 🙂
    German recently posted…Portfolio Value Update – October 2019My Profile

    • Rob says:

      hey German
      Thanks, yeah love that growth rate. I do think it will be short lived though as I keep pouring cash into these months.

      1 more purchase of bell, should do the trick =)
      cheers

  13. Nice job, Rob! Another great YoY growth rate, and $500 plus in dividends is a nice haul. Awesome about the 9 drops too. Sounds like a nice month overall. Have a good one man.
    Reverse The Crush recently posted…Dividend Income Update # 29 | October 2019My Profile

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