August 2022 Passive Income Update

• 3 sources of passive Income
• $539.75 from dividends
• 6 stocks/units dripped in August
• Trailing 12 Month Portfolio Return +4.41%

  S&P 500 12 Month Total Return -11.23% for Aug 2022

Start the bus, it’s time for the kids to go back to school!

Ahh September, what a great month. Things start to cool down, the bugs outside are almost gone and its a 3 pay cheque month if you get paid bi-weekly or 5 if your weekly. Sweet, kinda feels like a bonus right? The market keeps going back and forth but the coming energy crisis in Europe will surely put a damper on things in the coming months, it seems.

Life

Last month was a costly month to say the least. Its time to sit back a bit and watch those nickels…. Great times were had though.

My car was sounding louder than normal so I took it to the mechanic and boom – you need new tires… Arg 800 bucks later.. Nice thing is the car is super quiet now. Civic Nation!

My wife’s cousin got married. It was a great wedding. The kids really tore up the dance floor and at 11.30 they crashed hard! I was the dd this time as it was just down the street from our place. Always nice to dress up but without drinks, my dance moves are basically non-existent…. =)

We got seasons passes for Canadas Wonderland. (good for 2022/2023) My cousins came from Holland and wanted to go there and for 2 times the admission price it made sense to just get the passes. Good times. Im a pussy when it comes to roller coaster’s though. I hate heights.. but I have been pushing myself and going on more and more. It has been fun and next time I actually wanna do the drop zone. Big steps eh? Our mind is a powerful thing, its can stop you from doing fun things for no good reason at all…

Me and my buddy went up north for his uncles annual fishing trip. Lots of drinks were had and it was a rough morning fish, but I came 2nd with a 4.6 lb pike. The winner had a 5.2 lb pike. It was just sooooo hot that day with no wind at all. The fish weren’t biting. Other boats saw musky and threw everything at it with no luck. Always fun day on the water with your boy though. Until the gas runs out on the other side of the lake at night… It was a great paddle back, fighting the bugs and trying to navigate where we were going haha. That’s a first & hopefully the last.

Other than that we rocked the beach and buried the kids.. Good times.

 

 

 

 

Alright, Let’s Get To Our June 2022 Passive Income

Raises

0 Raises or cuts this month

Total Added Income from Dividend Raises in 2022 – $320.11

 

 

August 2022 Dividend Income

7 Companies paid us this month.

Stocks	August 2021 Income	August 2022 Income
Proctor & Gamble	20.88	31.05
Abbvie	91.00 usd	98.70
Air Products & Chemicals		74.52
National Bank of Canada	41.18	153.64 (1 Drip)
Rit ETF	65.34 (3 Drips)	67.77 (3 Drips)
Smart Centers	32.68 (1 Drip)	35.77 (1 Drip)
General Mills	71.91 (1 Drip) usd	78.30 (1 drip)
Totals	322.99	539.75

6 stocks Dripped in August

$216.76 more than last year. A 67.11% increase year over year. Great to see, especially in our lowest income months.

If your interested check out our Previous Dividend Income Reports.

Our Drips (Dividend Reinvestment Program) added $10.12 to our yearly forward dividend’s this month. Sweet!

---

Other Income

Private Investment Payment – $1000.00

1k a month, Straight to the heloc.

---

Solar Panel Income

In July (We always get paid a month later) our solar panel system generated 1,089 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $309.08 into our chequing account this month.

Last July the system generated $283.39 so we are slightly higher this year again. Woot

Total Income for 2022 – $1,626.52

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$11,511.74

_____________________________________________

Amount to Break even —- $ -20,884.72

---

Total August 2022 Passive Income – $1,848.83

August 2021 Passive Income – $1,176.38

A solid increase year over year. A lot of the income came from the private investment this month. Gotta love having different income sources.

Totals For 2022

Dividends Year To Date Total – $7,125.92
Other Passive Income Year to date – $8,830.68
Total Passive Income for 2022 —– $15,956.6
Year End Goal – $25,000

Gotta love that chart. With 4 months to go we are 1k away from our total income last year.

 

August Stock Purchases

This month we made 4 stock purchases.

Fortis

We bought 48 additional shares at 58.60 per share. This will now allow us to drip 2 shares per quarter. This adds $102.72 to our forward income.

Couche-Tard

Slowly this is becoming one of my favourite stocks. We continue to grow this position and this month we added 20 additional shares at $57.20 per share. This purchase added a whopping $8.80 to our forward dividends. Lower yield, massive dividend growth!

CNR

If you didn’t know, this is my favourite stock we hold. Its a fantastic company with a massive moat. Trains aren’t going anywhere. In fact I find them blocking the roads with longer trains more than ever. I may of actually made this purchase while sitting there waiting for the train to pass. Another lower yield stock rocking some solid dividend raises. We added 13 more shares at just over $160 per share adding $38.09 to the gravy train. Yeah that pun was intended!

Stanley Black & Decker

A new position that has been absolutely beaten down this year. How bad? Well they are down 52.55% year to date… A dividend king offering a good price to get into, in my opinion. They had a bad quarter and plan on fixing things up. Personally most contractors I know including myself use dewalt tools and once you get that 20 volt battery you are committed to buying more 20v dewalt tools. I took a starter position on this one and it has fell even more since then. I will probably be growing this position at these current prices.

We bought 15 shares at $93.81 per share. This adds 48 bucks in forward income.

Earlier this year we sold our Smart center position in the resp and moved it into our tfsa account with the plan to add to fortis, cnr and couchetard. I thought the market would keep dropping and I could add on the cheap instead the market turned to the positive. This month I decided to put that cash to work instead of sitting idle. Swk was a mix of new cash and $ sitting in the rrsp account from previous dividends.

In total we added $197.61 to our forward income this month. The new purchases are a mix of safety, high dividend growth and value.

Financial Goals Update

Charities

• We continue our monthly donation to The Nature Conservancy of Canada of $85.

Increase Dividends by $4285.81 this year. (bringing our forward income from dividends to $13,000 a year)

The goal for 2022 is to have a forward passive income of $27,500 thousand by the end of the year. I plan on doing this by refinancing our house and taking advantage of these low interest rates. I want to max out some accounts and let compounding do their magic. Its a big goal and will almost double our current passive income.

• With New Purchases, Drips, and Dividend Raises we continued to grow the size of our dividend Portfolio. Total increased so far in 2022 is $3,325.79

 

Etf Monthly Minimum Purchase of $250

• This month we added 11 more units of xaw etf.
• 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.
• * 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 affiliate link though.

August 2022 Passive Income Conclusion

Overall a great month full of activity’s with friends and family. The dividend raises have been quiet but I think September will bring in some nice increases. Either way the income keeps coming and compounding continues to work its magic.

I hope you all had a fantastic August and your kids enjoyed their first couple days at school. My kids definitely did!

If your not willing to risk, you can not grow. If you can not grow, you can not become your best. If you can not become your best you can’t be happy and if you cannot be happy then what else is there? – Les Brown