January 2020 Passive Income

January 2020 Passive Income

A fantastic January 2020 Passive Income Update to start the year.

But of course there is a lot more to life then finances… This month we finally got a good dumping of snow, so we broke out the gt’s and crazy carpets and ripped up the hills with the kids. The weather continues to be warm/ cold etc etc and really haven’t gotten much use out of the ice rink. Its looking good today though, so I’m planning on lacing up and going full force Elvis Stojko on this rink. Just kidding. I’ll probably rip some bar down clappers and do some laps, gotta get that cardio in this year!

Me and the wife celebrated our 8 year wedding anniversary and now 15 years together…. Just crazy. I’m a lucky guy. Our daughter decided to welcome us the day after our anniversary, so it’s not much of a celebration as we are busy setting up her Birthday. She turned 2 this Month – Daddy’s Little Girl.

All right, Let’s get to the money.

Raises or Cuts

3 Raises to start the year. 2 were a lot lower than their previous growth rate. Will this be a trend in 2020? Either way got to love free money. Dividend Growth Investing Works.

  • Canadian Utilities raised theirs 3%, which added $10.30 to forward income.
  • Brookfield Renewable came in early with a raise of 5%. $15.95 usd in added income, wonderful!
  • Canadian National Railway bumped that dividend 7%. $9.45 to forward income. Slowly but surely.

In total these 3 raises boosted that income by $35.70 – Not a bad start to 2020.

Total Added Income from Dividend Raises in 2020 – $35.70




July 2019 Passive Income

Dividend Income

14 Companies paid us this month.

StocksJanuary 2019 IncomeJanuary 2020 Income
Totals425.12549.68
Restaurant Brands27.7829.73
Altagas2.402.40
Disney17.60 usd27.28 usd
Nutrien015.20
Sienna Senior2.45sold
Shaw31.11 (One Drip)sold
Cisco44.22 usd46.90 usd
Dream Global Reit13.13 (One Drip)n/a
Inter Pipeline7.9828.79 (One Drip)
Bank of Nova Scotia43.4587.30 (One Drip)
Telus50.69 (One Drip)56.50 (One Drip)
Bell Canada068.16 (One Drip)
TRANSCONTINENTAL23.31 (One Drip)25.30 (One Drip)
TD Bank80.40 (One Drip)91.76 (One Drip)
Riocan28.32 (One Drip)29.76 (One Drip)
Extendicare17.08 (2 Drip's)18.00 (2 Drips)
Algonquin Power35.24 (2 Drip's)39.60 (2 Drips)

11 stocks Dripped in January.

We achieved a fantastic year over year growth rate this month of 29.29%. That is probably the highest yr over yr growth we have seen in a while. Soon enough these months will surpass the quarter ending months.

If your interested check out our Previous Dividend Income Reports.

Our Drips (Dividend Reinvestment Program) added $18.17 to our yearly forward dividend’s this month.

January 2020 Passive Income

A Great month on the dividend front and these months should continue to grow as I add to positions. Qsr in particular seems a decent value at the moment.

Trailing 12 Month Return

I will continue to include our trailing 12 month returns moving forward. It dropped since last month’s 23.59% return. This is to be expected after 2018’s December selloff. The portfolio value continues to go up, with added funds and growing values.


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 December (We always get paid a month later) our solar panel system generated 128 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $36.86 into our chequing account this month.

Last December the system generated $64.22. Quite a big difference but in these months weather is a big factor. Snow can easily build up on the panels and diminish the power produced.

Total Income for 2019 – $2,490.31

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$5,006.27

_____________________________________________

Amount to Break even —- $-27,390.19





Cashback Credit Card

Every year in January we get money from using our cashback Credit card the previous year. We always pay our balances off, so this is bonus money. In January we received $398.92. Sweeet!


January 2020 Passive Income

Total January 2020 Passive Income – $‭ 1,485.86

January 2019 Passive Income – $1378.26

Total Passive Income Increase over last year. – 7.80%

Not a monster growth rate overall. Solar was lower and last year we brought in almost 40 bucks in January from Amazon. Factors to consider but overall very nice.

January 2020 Passive Income

Totals For 2020

Dividends Year To Date Total – $549.68
Other Passive Income Year to date – $935.78
Total Passive Income for 2020 —– $1,485.86
Year End Goal – $17,200 ——– %8.63

The Goal in 2019 was $15,500 and we just missed it, I’ll bump the goal up $1,700 this year and see how things go. I plan on focusing just on dividends versus other income streams so here’s hoping for some nice cash flow and high dividend raises!

Purchases

 

January 2020 Purchases

One of our goals for 2020 was to start a position in a etf and contribute monthly. We decided to go with xaw for better diversification around the world. We put 1,000 bucks in xaw this month and bought 35 shares. You can read about that here. This adds roughly 20 bucks to our forward income.

We also added to our position in Nutrien this month by adding 22 more shares. This adds 39.60 usd to our forward income. Feel free to check out that post here.

Goals Update

Read 3 Books I normally Wouldn’t Consider
  • I haven’t started reading one yet as I’m still finishing up a financial book. I did in fact buy Why we sleep by Matthew Walker with gift cards I received over Christmas since the library doesn’t carry this book.
Go 3 Times and Pick Up Garbage
  • Last year picking up garbage was one of my goals. We did it but didn’t go out of our way to drive somewhere. This year I want to make 3 trips to do just that. The ground is covered in snow, so that ain’t happening at the moment.
Charities
  • Continued our monthly $50 donation to The Nature Conservancy of Canada. Our goal is to increase this to $75 a month. The wife decided to just give more to the nature conservatory, so I just need to make the call and get this done.
Increase Dividends by $1,713.42 this year. (bringing our forward income from dividends to $7,500 a year)
  • With New Purchases, Drips and Dividend Raises this month we added $113.47 to our dividend Portfolio. 6.62% of our goal.
Etf Monthly Purchase of $250
  • Since we started this off we needed to contribute $1,000 to start an account at questrade. Questrade* is great because it offers free etf trades and cheaper stock trading options than most Canadian brokers. $250.00 a month would kill us if we needed to pay high trading fees. Anyways we put in $1,000 this month, so we get a gold star!
  • * Note the questrade link is a affiliate link and at no additional cost to you, I would get a little payment if you were to sign up. You could get $50 in free trades by using my link though.
180 Pounds
  • I failed in this category for sure. I debated working out but went to the garage and it was freezing. Either I got to plug in the space heater ahead of time. Suck it up and throw a pair of gloves on or move the gym inside. The dog takes me for walks though, I stepped those up to runs/walks. Started the month at 206, currently 203. Sweet! haha
Diet
  • I wanted to have one meat free dinner a week and cut back on carbs and sweets. We had a couple meat free dishes, mostly curry vegetable rice. Id love to bust out some kids friendly options as well since they hate curry. Snacks – Nope, still late night eating. I have replaced the odd night with garlic hummus and veggies though, so good. While I did better than December, there’s still plenty of room for improvement.




Conclusion

Overall a great month both financially and life in general. There’s work to be done on the goal’s front and I will do better moving forward. As far as the market go’s, crazy stuff. Seems there is no stopping it. We had the Iran stuff and now Coronavirus, the market did pull back but quickly rebounded. I hope you were able to make a purchase during that short window, I did but haven’t made a post about that purchase yet.

I saw people stating that the dip was just beginning and they were liquidating their position, I’m sure they regretted that pretty fast. That’s one of the advantages of dividend investing when the market drops, you get higher starting yields and drips cost you less. Don’t try to time the market.

Anyways that concludes our January 2020 Passive Income report, Have a great February everyone.

Cheers!

What are your thoughts on this month? Did you set new records? What have you been buying?

“When You Love Everything You Have, You Have Everything You Need” – Unknown

28 Responses

  1. Way to go buddy fantastic month indeed. Love that income growth, congrats on those raises you received gotta love that free money. I really like your two purchases!
    Matthew Freeman recently posted…January 2020 Dividend IncomeMy Profile

    • Rob says:

      hey Matt

      thanks man. The dividend growth was lower than last year, hopefully that turns around soon. Xaw is pretty nice to have for sure, I dont even log into questrade to look at it. set it and forget it.

      cheers man!

  2. That’s fantastic growth my friend! Money in the Bank with close to 30% YoY growth 👏

    Had a pretty good run with January opening up my dividend haul for the year.
    DGX Capital recently posted…The Results! – January 2020 (Dividends, YouTube & Blog Stats)My Profile

  3. You are off to a great start for 2020.

    You are killing it with Brookfield Renewable Partners LP. I take you are not going to reduce your position after this rally, which you were thinking about it? It seems the renewables are only going one way which is up. Now over $70 per unit. Who would of thought a 16 year girl will change the world, by getting millions of kids to take climate change more serious!
    Investing Pursuits recently posted…Dividend Income Update – January 2020My Profile

    • Rob says:

      hey Pursuit

      thanks

      No I definitely wont at least until bep does the new corp and we get those free shares. I think that’s part of the reason for the run. After that who knows? But it is a stock I enjoy holding and feel good to hold.

      cheers man!

  4. Nearly $1500 in passive income is a great way to start the new decade! Great YOY growth too. Congrats! 🙂
    My Dividend Dynasty recently posted…January 2020 Dividend IncomeMy Profile

  5. Killin it as usual.

    Looks like some nice family time too, congrats on the anniversary. Our 10 year is in June!

    I agree about not timing the market…that said, I am sitting on about 60k in my RRSP – not waiting for a huge recession or anything, but have my eye on a couple stocks that just seem a bit overvalued right now..ill give it a month or so, and if no good times to jump in, ill dive right in.
    MoneyMaaster recently posted…January Review: Back to the real world….My Profile

    • Rob says:

      hey nice man

      Congrats to you 2 as well then. Gotta enjoy the family time, life can be short. Love it man, big staxxxx. It would be burning a hole in my pocket to spend it in the market. Look forward to seeing where you deploy it.
      cheers

  6. P2035 says:

    Hi Rob. 1,5k$ passive income, nice. And dont get upset re weigt, diet and sports. Its January remember. Start low. Run 1 mile or so, do 1-2 pushups
    P2035 recently posted…Guess what #2!My Profile

    • Rob says:

      hey P

      Thanks, oh Im not stressed at all. Everytime you write these monthly goals just reminds you to stay focused and get at them. If Im not close to 180 by the end of the year maybe I’ll just go on one of those juice diets to hit it! haha

      cheers, thx for commenting

  7. Tawcan says:

    Great start of the year Rob. Congrats. We’ve been eating less and less meat in our household and it felt great. Take baby steps. 🙂

  8. Mr. Robot says:

    Hey Rob, amazing results. You are definitely moving up and up.

    Growth, investments and those raises are solid!

  9. PCI –

    Love the detail you provide. Wipe those solar panels off my friend, if you can haha. Man, pumped at the increase in income this month and the rest of 2020 is only going to be better.

    -Lanny

  10. Christian Alcantara says:

    I would really like to get into stocks, can you give me any tips or what I should know before investing in it.

    • Rob says:

      hey Christian

      Seriously just start following other bloggers and reading. Then start with one stock you personally do business with.ie a bank or some product you use weekly/ monthly.

      Watch how that stock does and slowly deploy more capital until you feel really comfortable. Wish you all the best on that journey
      cheers

  11. John says:

    Hi Rod,

    Great progress! Just wondering what you use to keep track or your dividend raises?

    • Rob says:

      hey John

      welcome to the site!

      Generally I see them either on yahoo finance, seeking alpha or others on twitter. If not I’ll see them on their dividend payments =) haha cheers!

      Rob btw…

  12. Bummer on the weak solar return, must have been several overcast days. Looks like you averaged a little over 200/mo. I did 560 in cc cash back last year…crazy!
    Passive Cash recently posted…Passive Income Summary – December 2019My Profile

  13. Looks like you are off to a good start in 2020, Rob. Not only on your financial goals, but the others as well.
    I see a couple of banks led the way in dividend payments for you this month. Always great to collect from the financials stocks. It seems appropriate, right?
    That CSCO dividend is quite hefty, too.
    Keep it rolling!
    Engineering Dividends recently posted…Annual Performance Review (2019)My Profile

    • Rob says:

      hey
      Thanks Paul. Yeah after the recent cisco dip I may be able to drip it again next quarter.
      Got to love those banks, printing money since….. =0

      slowly but surely
      cheers man

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