January 2019 Passive Income Update
January 2019 Passive Income Update
Burrrr..
Cold enough for ya? Holly sh!t its chilly out there. Winter decides to kinda chill and then BAM, hit us with all its wrath. So much snow, wind and icicles… Is it summer yet? Why am I not on a cruise boat in the Caribbean right now? Anyways winter sucks….
January brings with it the gauntlet that is our life. Our daughter turned one and we needed to have a mini wedding birthday party for her. Over 100 people came to say happy birthday, chill and eat some food. Love to have a massive party with family and friends but these party’s ain’t cheap.
Right after that is our wedding anniversary which basically gets cancelled out because our daughter decided to pop out the day before… haha
The wife went back to work this month, so things are a little more hectic. We should be able to increase our savings rate soon. But we missed out on 2 mat leave payments, so need to recoup that first.
Now we start setting up our sons birthday party for the beginning of February… Fun Fun… Winter Baby’s. It would be so much easier if it was warm out and they could just hang out in our backyard. Clearly there’s something in the air during April, so I guess I got that to look forward too! =)
Let’s Get to that Income.
Raises or Cuts
A couple decent raises to start the year off right this month.
- Canadian Utilities raised their dividend by %7.5. This raise increased our forward dividend’s by $23.43. Nice!
- Restaurant Brands International kept it going by boosting theirs by %11.11. This one raised the meter by $9.20. A free whopper combo. (Maybe the next raise, I can afford a whopper with cheese combo) MMmmm
- CNR came through with a massive 18% dividend raise. Adding $20.31 to our income.
In total these 3 raises added $52.94 to our income. Sweeeet!
Dividend Income
15 Companies paid us this month.
| Stocks | January 2018 Income | January 2019 Income |
|---|---|---|
| Restaurant Brands | 5.23 | 27.78 |
| Cineplex | 11.20 | sold |
| Boardwalk Reit | 5.44 | sold |
| Inter Pipeline | 0 | 7.98 |
| Altagas | 5.48 | 2.40 |
| Disney | 0 | 17.60 usd |
| Bank of Nova Scotia | 0 | 43.45 |
| Sienna Senior | 2.40 | 2.45 |
| Cisco | 38.57 usd | 44.22 usd |
| ZDY Etf | 8.10 | sold |
| Auto Property's | 3.62 | sold |
| Corus Entertainment | 18.62 (2 Drips) | n/a |
| Dream Global Reit | 0 | 13.13 (One Drip) |
| Telus | 17.68 | 50.69 (One Drip) |
| TRANSCONTINENTAL | 0 | 23.31 (One Drip) |
| TD Bank | 78.60 (One Drip) | 80.40 (One Drip) |
| Shaw | 30.03 (One Drip) | 31.11 (One Drip) |
| Riocan | 38.07 (One Drip) | 28.32 (One Drip) |
| Extendicare | 15.36 (One Drip) | 17.08 (2 Drip's) |
| Algonquin Power | 29.04 (2 Drips) | 35.24 (2 Drip's) |
| Totals | 307.44 | 425.12 |
10 Drips this month. You know we be dripping!
January 2019 Dividend Total = $425.12 (%38.27 higher yr over yr)
January 2018 Dividend Total =$307.44 (Previous Dividend Income)
Our Drips (Dividend Reinvestment Program) added $11.91 to our yearly forward dividend’s this month.
hmmmm a purple line. Aren’t we fancy? A great month to start the year off right! Got to love that growth and all those dividend raises…
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 our solar panel system generated 223 kWh. The winter blues doesn’t just affect me, it kills our solar income as well…. Since we get paid a fixed rate of 28.8 cents per kilowatt hour Hydro One deposited $64.22 into our chequing account this month. Womp Womp…
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$2580.18
_____________________________________________
Amount to Breakeven —- $29,816.28
Adsense
Thanks again to everyone using one of our referral links to amazon to make their purchases over the holidays. Amazon tossed us a cool $35.32. This is our biggest amazon payment to date, thanks!
Credit Card Cashback
January of every year the credit card we have decides to pay us our total cash back balance. Since we pay our bills in full all the time, this is all bonus. We got $353.60 Our highest total yet!
Total January – Passive Income – $1378.26
Total Passive Income Increase over last year. – 25.44%
A growth rate of over 25% is fantastic. I’m really glad to see this, especially after last month’s pretty weak growth rate. I told the wife to buy me something fancy, she bought me a bag of chips………..
Totals For 2019
Dividends Year To Date Total – $425.12
Other Passive Income Year to date – $953.14
Total Passive Income for 2019 —– $1378.26
Year End Goal – $15,500 ——–%9.18
January 2019 Purchases/ Sales
2019 continued where we started at the end of 2018. We sold off a bunch of Enbridge to lower their percentage of our portfolio from over 13% to now around 7%. I also decided to sell off our position in Corus Entertainment.
Sold
- 146 shares of Enbridge
- All our Corus Entertainment stocks
Bought
- Added 87 shares of Interpipeline
- 107 shares of Dream Global Reit
- 204 Shares of Brookfield Property Partners
You can read about the Enbridge selloff and moves in this post. The Corus sale can be found here.
Goals Update
- I want to read 10 books this year. I finished Crushing It by Gary V. It was a great book and really showed how important social media is these days. So far 1/10 and started a new book this month.
- Just talked about doing a will. Contacted Lawyer with what we need to do and how much. FAIL
- Picked up some Garbage but with all the snow, there’s not much showing at the moment.
- Charities – Donated to a fundraiser $25 bucks to special needs Olympic’s this month. Narrowed our list down to either 2 charity’s to commit to give $50 a month. Nature Conservancy of Canada or Conservation Halton. They both help out animals and use money to buy forests/habitats and protect the animals natural homes. Halton is a lot more local, so we would personally see the benefit’s on our community.
- Increase Dividends by $1,100 this year. With New Purchases, Drips and Dividend Raises this month we added $96.49 to our dividend Portfolio.
- Reduce Screen Time before Bed – I started out so good, probably 6 out of 7 days not going on my phone a hour before bed. I have fell off the boat a bit here. Time to read more again.
Conclusion
5 semi passive income sources to start the year off. Fantastic! A great dividend growth rate followed by another decent yr over yr overall of passive income. You got to love these updates. I continued to switch up the portfolio, which long term will be a great move. I like how the allocations are coming together but really want to focus on starting, and averaging in these 3 companies.. JNJ, PEPSI, MMM.
Unfortunately the market popped way up since December. Its actually pretty crazy. I was down like 14k around Christmas and here we are a month and a half later and I’m up 2k. This year may be a volatile one. =)
Anyways that’s our January 2019 Passive Income Update, another great month in the books. This should be another wonderful year.
Wish you all the best, continue to be awesome!
Cheers
Fall Seven Times, Stand Up Eight – Japanese Proverb
Hey I’m Rob, creator of Passive Canadian Income.
In 2011 me and my wife had almost $60,000 in debt and a negative $7,000 Net Worth. Through hard work and financial education we paid all that off. Now we are focusing on increasing our Passive Income Streams to make the money work for us. Feel Free to Follow along the Journey by clicking the Social Media links below or subscribing to get notified of new posts on the sidebar.
Way to go Rob, fantastic month!! Good way to kick off 2019.
thanks Matt!
Got to love all those raises to start it off.
cheers man
Good month and nice summary Rob. We bottomed out at minus 27 degrees last week and now it’s 50. What kind of electric razor do you recommend? Tom
hey Tom
thanks man yeah these fluctuations are crazy its plus 12 out right now.
Ive been using the phillips bodygroom for a couple years now.
cheers man!
Congrats on the great month PCI! Nearly 40% YOY increase in dividend income is fantastic! Altogether you have a very impressive passive income stream. Keep it up! 🙂
hey dynasty
Thanks man, shes coming together nicely. Time to check out your progress.
cheers
OMG I am with you on the weather, I am so freaking sick of it. Today it’s drizzling ice! Why I am not on a tropical beach right now????
Sounds like you guys know how to celebrate, 100 guests for a one year old birthday party! Don’t forget to send an invite next time:)
Nice January income. I still own Corus Ent. but not sure how much longer I will hold on.
Cheers
Caroline
haha Yeah its plus 12 out currently… Freezing rain the next 2 days… arg!
What you didnt get the invite? must of gotten lost in the mail! My wifes family is huge, they know how to party for sure.
Corus may have another pop next earnings just that radio things set me off.
cheers Caroline!
Loved this progress report! Happy birthday to your little girl! Do you plan to be stay-at-home dad until your seasonal work begins? Gotta love those credit card cash backs. We received $240 and change for the whole year. That took care of our costco trip this week 🙂 Free food!! It’s been very cold in Montreal as well. This year I invested to very warm gloves ($70) and wool socks ($30). They make a big difference surviving the winter. I can actually go out and enjoy the weather now.
hey German thanks
hmmm with those gloves if you need a balaclava matks has these thermal ones that are so thin for like 30 bucks. sooooo warm!
yeah cashback cards are sweet! we might get a walmart one for her if they offer more cashback at their stores.
thanks about the birthday. I worked some odd jobs and applyed a couple places but didnt hear much until the other day.
When the wife went to work we took our daughter to our babysitter but she said she was too much work and basically denied her at the moment. So we decided that yeah id do the stay at home dad thing until work starts up again. She will be a little older and ill have her on a schedule.
Definately makes being a salary employee huge when you get all this time off for things like this. Like a teacher but a crappier season to be off!
cheers man.
Those are some massive dividend increases, congratulations! I love the fact that you guys are able to DRIP shares, I’m so jealous of that. Great report and keep up the good job, and good luck with the cold!
DI
hey dutch
yeah im a huge fan of drips. it would suck without them. unforetunately Canadians cant do partial drips like the states.
Still good though!
Thanks man, it was a nice month for dividend raises for us.
cheers!
Nice update. That income is coming in from a variety of sources. Great job with that year over year gain too. As you said, “we be dripping.” Keep up the good progress and stay warm!
thanks Hut.
Got to love em!
will do, cheers
Congrats on the impressive month. It gets addicting after a while LOL.
Curious if you are going to write about your thoughts about the cashflow game you bought? You can buy a kids version also. You could get your oldest kid into that game and he can say things like, “Dad, what are you doing? That is not an asset! “
hey pursuit
thanks man, yeah im addicted to dividends. i got a problem.
I havent thought of doing a writeup about it, its a good idea though.
cashflow for kids would be fun, but we havent even played a game of monopoly yet. Hes almost there.
cheers man!
PCI –
You… KILLED IT this month. Think about how much you would have to invest to get the new income from the dividend increases alone. So awesome.
hey dd
thanks, yeah got to love those dividend raises. This was a good month for us on that front!
cheers
Another fantastic month. Great call on selling out of Cjr in my opinion as more of a value play with shrinking revenues in the future with Disney comes on to compete with Netflix. See you next month
hey Brian
true true but i think they own the Canadian rights to disney shows. So maybe disney would have to buy that out….
But yeah im excited for disney either way.
cheers man!
Great progress PCI! This month last year was my first dividend payment — so at the end of Feb I’ll finally get to see yoy increases — of course being a new portfolio the percentages will be dramatic but it’s good motivation
hey Jesus
thanks man. Hey you got to start somewhere. Those first yr over yr comparison’s are fun. massive numbers as a percentage.
keep it up, the snowball grows fast.
cheers!
Great month and nice dividend increases too!
Wish we had cashback for our credit cards. The only thing we have here is monthly handling fees!
hey Deluge
thanks, dam thats brutal. I hate fees!
Too bad theres no travel points card or anything….
cheers
You have some well diversified income. Great breakdown and thanks for your income insight. Ever consider writing a book? I wrote a small one and see a few dollars from Amazon here and there.
hey Frugal
welcome.
Thanks its nice to be diversified. They say everyone has a book in them, so id be lying if I were to say I havent thought about it.
Thats awesone about your book, hopefully I can find out more about your book and the process on your site.
cheer!
Haha, loved the comment about the mini wedding / birthday for your daughter. Happy belated birthday to her!
You’ve had a great month, and I really like how you’re shuffling some things up as well. That drop from December to recovery now really shows why it is so important not to try and time the market. Had someone panicked and sold things in December, they likely would have missed most of the recovery in January. It is great to see how those other passive income sources are doing as well. I’m getting close to reaching the threshold for a $500 cash back check from my primary card, and once I get it I am thinking about switching over to the Fidelity card to have those rewards go straight into my brokerage account.
Love the moves, love the results! Keep crushing it!
hey dd
interesting card with fidelity. Would it offer a bigger return or just faster access to capital?
Yeah birthdays are always fun around here.
Great point about those market movers. That would be brutal to reenter a month later and eat a huge loss.
cheers dd
The Fidelity card offers a straight 2% reward on all purchases and can be deposited directly into a Fidelity account; the card I use now is a standard 1% but then offers quarterly incentives where certain categories are 5%. The challenge is that you have to remember to activate the incentive, and some stores don’t count in that category (e.g. buying groceries at Target won’t count as a grocery store purchase).
cards with those kinda gimmick rewards sound annoying. I dont want to change my spending habits to get a tiny discount.
sounds like a good move trading cards!
Fantastic start to the new year, Rob. Love the YoY growth rate.
Those 3 dividend raises were all solid… a nice boost of forward dividend income from just 3 companies. How’d you like to see that every month?
Looks like you’ve got plans to add some additional U.S. companies to your mix. Your list includes 3 winners. I’ve owned JNJ and PEP for over 2 decades, but MMM for only 1 month. Needless to say, I like them all. Have any price targets established where you might make a purchase splash, or will you just stick to the plan of easing into them over time?
Congrats on the excellent start to 2019.
hey e.d
man would i ever love to see months like these every month. The compounding would be massive!
Ill start buying them after march (rrsp deadline for last yr)
I have some targets set on them (think pep 100 mmm 180 and jnj 120) if they get hit ill deploy money into them no matter what time of the quarter it is.
If not im planning on buying one at the ex div date. (which ever seems the cheapest at the time) and just slowly build a position.
In 20 years i doubt id complain about buying them with a p/e ratio slightly over 20.
Got to factor in this canadian dollar though, hopefully it strengthens a bit.
cheers man!
Great job Rob! Love seeing the progress. What are some of the other books you have lined up for the year?
hey wally thanks!
im currently reading jab jab right hook and got 2 others in que chris hogans new one – everyday millionaire and another dividend dad recommended – the compund effect.
There was a long que for them at our library so dont know when ill get to them though.
Are you reading anything good?
cheers