January 2021 Passive Income – 44.88% Year over Year Growth Rate

January 2021 Passive Income – 44.88% Year over Year Growth Rate

• 2 Dividend Raises – CU & CNR
• 4 sources of passive Income
• $796.38 from dividends
• 19 stocks dripped in January

Another day another lock down. Wow are they ever constant these days. Good news is the world health organization decided to lower their cycle tests back down the day after Biden took office.. They say there were to many false positives.. Interesting though that they decided to up it in the fall. I guess we will really see case numbers drop now, and they can claim lock downs work. But now there are all those new variants, why did or do we still allow international travel?

Life

This month I had to quit my renovation job and become a full time stay at home dad to home school our son, because schools are closed… Between doing that and hanging with my now 3 year old daughter, it’s extremely hectic. I definitely would prefer to be working, but that’s not really an option

I used to have over 500 gallons of fish tanks in our old house but once we moved here downgraded to a 65 gallon. Last week I decided to get a 180 gallon tank 6’x2’x2′ off kijii. I reinforced the floor with some jack posts and the tank looked amazing. 2 days later I went out for 2 hours to go get some more fish and I came back to a empty tank all over the place. 180 gallons all over the floor and fish gasping for air.. Filled a bucket and scooped up the fish and surprisingly only 3 of the cheap fish and some babies died..

That was beyond frustrating.. A night of drying everything up, setting up the old tank and basically holding in those man tears. The next day I had to rip up the flooring, let it dry and then redo the living room, luckily I had a bunch of extra boxes of flooring we kept. I now got a brand new 180 gallon tank on order and a brand new floor… haha! On the positive the house didn’t burn down and other than the flooring the damage was minimal…

Also its kinda like the ultimate wife test…. what did you do? Haha she just felt bad for me and knew I’d fix it, she’s a keeper!

It’s been a great month…. haha! At least those leafs are doing good =)

Alright, Let’s Get To Our January 2021 Passive Income

Raises or Cuts

2 Raises to start the year

• Canadian Utilitys raised theirs by 1% which added $3.69 in forward income
• CNR boosted theirs by 7% adding $12.32 to that income

Total Added Income from Dividend Raises in 2021 – $16.01

A little disappointing as I thought both would come in higher.. CU was actually so low, that I’m contemplating switching over to fortis or something. I thought CNR would come in around 11%, so I was too optimistic. 7% is still good, I’m a huge fan of CNR and will add to our position this year if the stock drops down to 110 or lower.

 

January 2021 Dividend Income

16 Companies paid us this month.

Stocks	January 2020 Income	January 2021 Income
Restaurant Brands	29.73	74.10
Altagas	2.40	sold
Disney	27.28 usd	No Dividend Anymore
Nutrien	15.20	27.50
Inter Pipeline	28.79 (One Drip)	8.32
Bank of Nova Scotia	87.30 (One Drip)	90.90 (1 Drip)
Telus	56.50 (One Drip)	79.04 (3 Drips)
Bell Canada	68.16 (One Drip)	74.93 (1 Drip)
TRANSCONTINENTAL	25.30 (One Drip)	27.00 (1 Drip)
TD Bank	91.76 (One Drip)	101.12 (1 Drip)
Cisco	46.90 usd	49.32 (1 Drip)
TC Energy	0	57.51 (1 Drip)
Xaw ETF	0	32.03 (1 Drip)
Rit ETF		31.66 (1 Drip)
Smart Centres	0	25.75 (1 Drip)
Riocan	29.76 (One Drip)	31.80 (1 Drip)
Extendicare	18.00 (2 Drips)	19.28 (3 Drips)
Algonquin Power	39.60 (2 Drips)	66.12 (3 Drips)
Totals	549.68	796.38

19 stocks Dripped in January – Great to see almost all those companies dripping more shares.

A monster growth rate this month. I don’t remember the last time I seen one this high – 44.88% year over year growth. I think moving forward these months will surpass the quarter ending months.

If your interested check out our Previous Dividend Income Reports.

Our Drips (Dividend Reinvestment Program) added $27.20 to our yearly forward dividend’s this month.

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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…….

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Solar Panel Income

In December (We always get paid a month later) our solar panel system generated 130 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $37.44 into our chequing account this month.

Last December the system generated $36.86. So we were slightly higher year over year.

Total Income for 2021 – $37.44

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$7,542.68

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Amount to Break even —- $-24,853.78

 

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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 $415.46. Sweeet!

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Total January 2021 Passive Income – $ 1,749.28

January 2020 Passive Income – $1,485.86

Total Passive Income Increase over last year. – $263.42

Great to see, obviously the cash back credit card thing is not a constant but hey maybe next January we will break that 2k mark. That would be fantastic! Why didn’t we start this investing thing sooner? =)

Totals For 2021

Dividends Year To Date Total – $796.38
Other Passive Income Year to date – $952.90
Total Passive Income for 2020 —– $1,749.28
Year End Goal – $17,390.71 ——– %10.05

Last year we aimed for the 17k mark and missed it. This year our goal is to increase those dividends by $1,680.19 which is the top of the 8% div growth projected income in 2021 from this post. Let’s do it. Bacardi n Coke – Do it.

 

January 2021 Purchases/ Sales

This year started off with news that Brookfield property was going to be bought out. The price surpassed the offered share price so we sold all our shares.

• Sold BPY.UN – 287 shares lost 373.00 in income
• Bought 469 units of Rit Etf adding 379.89 a year.

You can read about those moves here – BPY swap out.

• Started a Position in Couche-Tard 35 shares. Adding $12.15 to those dividends.

The dip on acquisition news was a great time to buy, feel free to read more about that purchase here.

In total January purchases and moves added $19.04. Not much but I feel like these purchases strengthens and further diversifies the portfolio moving forward.

 

Financial Goals Update

Charities

• We continue to make our monthly donation of 75 bucks to The Nature Conservancy of Canada

Increase Dividends by $1,680.19 this year. (bringing our forward income from dividends to $8,329.13 a year)

• With New Purchases, Drips, and Dividend Raises we continued to grow the size of our dividend Portfolio. Total increased so far in 2021 is $62.25. 3.70% of our goal.

 

Etf Monthly Purchase of $250

• This month we actually didn’t buy any xaw. Money has been a little tighter with all the things going on, but Im sure that will turn around soon enough.
• 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 link though.

January 2021 Passive Income Conclusion

While life was full of challenges and adventures the passive income kept coming in. It feels great to see such a high growth rate and just proves that the continuous triple play works – New capital, Drips and Dividend raises.

February will continue to be one of our slower passive income reports but hopefully kids go back to school and life won’t throw these curve balls. Haha

How was your start to 2021?

cheers!

“Without Rain nothing grows, Learn to embrace the storms in your life” – 

Couldn’t be more relevant for us than this month. =)