March 2021 Passive Income – 3 Sources – More Growth

March 2021 Passive Income

March 2021 Passive Income – 3 Sources

  • 0 Dividend Raises
  • 3 sources of passive Income
  • $720.39 from dividends
  • 12 stocks dripped in March

Hey hey hey!

The market keeps running and setting new highs. The printing presses have been busy creating new money and inflating the prices of everything. While its nice seeing so much green in the portfolio, it makes it hard to find deals at the moment. There are still some out there, but you got to look pretty hard.

Life

March has been a fantastic month. The weather here in Ontario has been so nice, that we have started landscaping mid month. It was actually hard to believe it was March when it’s 17 degrees outside. I put the ice rink away in the backyard and we have been tossing around the frisbee and working on our moves in the trampoline.

I also finally got my new 180 gallon fish tank. 6ft x 2ft x 2ft. I was told it would be done in 2 weeks but it took about 2 months. Frustrating for sure, but they are super busy due to covid and the tank is just gorgeous. I have never had a brand new tank, so it was worth the wait. Now its time to find some more fish and fill’er up.

While we see the rest of the world opening up from covid, we are now going into our 3rd lock-down for another month. (But lets be honest we have been in lock-down for about a year now) Kinda typical right before holidays. Basically everything will remain open except restaurants, bars, patios, gyms etc. Absolutely brutal for them after being just told a week or 2 they could open up. The govt keeps dangling that carrot…. Just one more lock-down right?

The definition of insanity is doing the same thing over and over again and expecting a different result…. Here we are doing the same thing again. Makes you wonder if they actually want this to end or just want to push this vaccine… Meanwhile Texas and Florida are living it up wide open.

Maybe its time we question and change politics…. They makes massive amounts of money, lock us down for a year and things have only gotten worse. Have they really earned their pay this past year? Cut their salary’s and I guarantee we would see results.

End of rant – I shouldn’t focus on what I can’t control but arg!

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

Raises or Cuts

0 Raises this month. Guess it was expected as no companies I hold generally raise in March.

 

Total Added Income from Dividend Raises in 2021 – $75.04




January 2021 Passive Income

March 2021 Dividend Income

12 Companies paid us this month.

StocksMarch 2020 IncomeMarch 2021 Income
Altagas2.40sold
IBM45.36 usd45.64 usd
Microsoft6.72 usd
Johnson & Johnson12.35 usd43.43 usd
3m17.64 usd32.56 usd
LMT036.40 usd
Canadian National Railway35.6547.36
Inter Pipeline29.07 (2 Drip's)8.32
Brookfield Property Partners115.20 (9 Drips)sold
Riocan30.00 (1 Drip)sold
Smart Centres26.05
Extendicare18.16 (2 Drips)sold
Brookfield Renewable105.64 (1 Drip)85.92 (1 Drip)
RIT ETF64.33 (3 Drips)
Canadian Utility's87.95 (2 Drips)92.36 (3 Drips)
Enbridge180.63 (3 Drips)231.30 (5 drips)
Totals680.05720.39

12 stocks Dripped in March – The snowball grows itself.

Not a massive growth rate but loving the looks of the new improved portfolio. IBM is still one I question, but I really believe they will turn around with the new ceo. Maybe that’s wishful thinking? The bpy loss was a big hit to these months due to potential buyout and sale, but I moved those proceeds to rit etf. Keeping it in the same sector but losing some yield. All good long term!

If your interested check out our Previous Dividend Income Reports.

Our Drips (Dividend Reinvestment Program) added $25.62 to our yearly forward dividend’s this month.

I’ve decided to implement a new section at the end of every quarter. It will be a quarterly comparison year over year. So many people (myself included) focus on growing each month’s income. Mid quarter month’s are always horrible for us, but there’s not much I want to buy or values at the moment to pump it up. I want to focus on the income growing in general not necessarily every month. Comparing quarters may paint a more accurate picture.

Jan – End of March 2020 Dividend Income – $1,569.38

Jan – End of March 2021 Dividend Income – $1,876.71

% growth – 19.58% Sweet! A near 20% growth rate will ensure our retirement will be very healthy if we keep this up.


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 Panel Income

In February (We always get paid a month later) our solar panel system generated 170 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $48.96 into our chequing account this month.

Last February the system generated $72.58. So we were lower year over year. First time we have been down this year but in February we had a tonne of snow and the panels were just covered. It’s to be expected.

Total Income for 2021 – $145.15

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$7,631.96

_____________________________________________

Amount to Break even —- $-24,764.50



 


Total March 2021 Passive Income – $ 1,269.35

March 2020 Passive Income – $1,252.63

Total Passive Income Increase over last year. – $16.72

A very minor growth rate. All these sales and portfolio cleanup lowered our avg yield. Its all good as we move towards better growth and also dividend growth companies. Some of the sales I made have never raised the dividend for us and in the long term the portfolio will be better for it.

Totals For 2021

Dividends Year To Date Total – $1,876.71
Other Passive Income Year to date – $2,060.61
Total Passive Income for 2020 —– $3,937.32
Year End Goal – $17,390.71 ——– %22.64

Slightly behind but the summer months with the solar boost should propel things back on track!

Purchases

 

March 2021 Purchases

We didn’t invest as much as I’d like to invest last month, but with some car repairs and a $1,500 fish tank, what can you do. =) Remember money isn’t just for saving. Go out there and spend it too, businesses could use our support.

Anyways we added 33 more share of Couche-tard. I still think this one is cheap and if it stays around $40 I’ll be adding more. This purchase adds a whopping $11.55 to our forward income. Our drips alone were double that! Couche-tard is a grower not a show’er though.

Financial Goals Update

Charities

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 $281.28. 16.74% of our goal.

 

Etf Monthly Purchase of $250

  • This month we added 9 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 link though.




March 2021 Passive Income Conclusion

Life is good. I’m surrounded by some fantastic people, spring is here and the income keeps growing. Covid sucks, we will get past it. Time to go raid the kids Easter candy. Have a great one everyone!

cheers!

How are you doing both with your passive income sources and how are you coping with covid?

“I wanna be a better me, a better man, a better lover, better brother, better friend” – Virginia To Vegas – Betterman (Song)

 

26 Responses

  1. Congrats on another great month! Another lock-down sucks… Here in NYC we are slowly reopening everything. By summer time I am hoping things will look almost “normal” once again. This has got to end sometime. But at least the passive income keeps coming in and growing larger. Let’s keep that snowball growing! 🙂

    • Rob says:

      haha great to hear for you depressing for me. haha
      I think its actually gotten to a point here where people don’t care anymore. We have been locked down for about a year now. People were definitely getting together for Easter and hanging with neighbours. Which imo was great to see.

      Just like these “covid” numbers the passive income keeps growing! =)
      cheers Dynasty

  2. Aquarium looks great buddy. I picked up a Frisbee for the little guy for his Easter basket this year 🙂

    How is the vaccine rollout coming in Ontario? It finally seems to be picking up here in Manitoba (both my parents have appts to get one now).

    Cheers

    • Rob says:

      Aren’t you just the best easter bunny ever? So cute… haha jk.

      Love throwing it around, something we all can do and the wife even likes it too! My wife got her first pfiser shot, seems like its coming along. Still a lot of problems imo though. Why vaccinate by age when some people choose to just stay home anyways? Teachers and industrial employees should be ahead imo, heck even the sectors that are closed down! Maybe that would allow them to open.

      Good to hear your parents got appointments. This has been way to long and Canada has done a horrible job when it comes to vaccines in general. At least we can watch the jays play at a sold out stadium tonight. Some places are really returning to normal.

      Cheers man

  3. Congrats on another great month! My dividend income rose a little. Like you, no dividend increases or decreases. I been adding money in my TFSA and looking to make a purchase soon. Hard to find deals in the market right now.

    Doing OK with COVID. Being an extreme introvert, it is not that hard on me. I hate wearing a mask everywhere as it is difficult to breath, especially doing physical work. I can see the stress and sadness on the faces everywhere I go.

    • Rob says:

      yeah depressing times for sure. Sadly Im getting used to the masks.. I hear ya about the market, nice jump by algonquin today, lmt has been on a tear but couche tard still ain’t bad and the telus “dip” is a little tempting.

      cheers pursuit

  4. Awesome month Rob. Love the fish tank too, I wish I could have one but I don’t think i’d have the time for it – used to have one as a kid. We’re also enjoying the spring weather here, it’s nice to finally get out more without freezing all the time – no jackets this weekend!

    • Rob says:

      oh its been a beauty outside! Loving this so early into the year. Thanks about the tank, they are some work but not to much. Bigger tanks are actually more stable. (water parameters) The more you know……. haha

      cheers family!

  5. Vibrant Dreamer says:

    Another nice work. Congratulations on the solid healthy growth! Also that looks a fantastic fish tank. I am looking forward to seeing more colorful fishes.

    I agree! I am scared of the new weekly highs. It is excessive. Maybe I don’t know enough but this market doesn’t make sense to me. I am struggling to find deals as well. I added 100 T last month when it dropped. I am now eyeing Air Canada and might add if it goes below $20 ever again.

    And yup! Same idea regarding lockdown mess! How many waves are we going to experience? Everyone is waiting for vaccination but they don’t say if vaccination is really effective that’s if they come up with reliable vaccination for children without messing up their genes.

    Loving the weather. We have been going out for a short hike or bike daily with the kiddos.

    • Rob says:

      hey Vibrant

      wow you sound just like me when it comes to covid. Eventually they will say kids need to get vaccinated (and lets be honest probably for school) we haven’t even tested current vaccines long. I really wonder about fertility, hey not for me I’m done! but for the kids.

      when it comes to the tank you sound like my wife.. You need more color.. I got some really fancy red plecos that were hiding and got 4 baby colorful fish. Im planning of getting a colony of cyps. They will add some color but when my frontosa (the striped guys) get big they eat them in the wild… heres hoping!

      The market makes sense in the way of the printing press. If they keep pumping new trillon dollar stimulus’s I guess it will take awhile to make its way completely into the markets. Once that stimulus stops though……

      Nice we dont bike much, but love going on hikes.
      cheers vibrant

  6. jimmbboe says:

    I have the same problem with the mid quarter drops!

    Our clientele have been very supportive and cooperative Hoping we will avoid a similar fate here.

    New tank looks impressive 🙂

    • Rob says:

      Jimbo!

      Great to hear, honestly I feel so bad for people in the industries most effected. Thanks, I definitely love the tank and sit in front of it maybe too much! haha
      cheers

  7. Norm says:

    Love the cat picture that you opened the article with! Envious of those Enbridge drips you’re hauling in…. my brokerage still has Enbridge drips disabled since the start of the pandemic…. even when other tickers with temporarily suspended drips (and less stable business models) were reinstated.

    Still shocked that you sold off BPY, even after reading your post on the reasoning why. I’ll be keeping my shares until they’re physically separated from me (if that even happens with the potential sale). Regarding Couche-Tard, I’d like to know what the trigger was where dividend blogs all of a sudden had that as one of their top stocks. Feels to me like people are chasing large dividend raise percentages… when the mantra of chasing yield is deemed bad…. Is one different than the other?

    Of all the monthly dividend update posts out there, yours are truly my favourite to read. Comments like “Remember money isn’t just for saving. Go out there and spend it too” and this “Time to go raid the kids Easter candy” are why. You bring balance to the force, keep it up!

    • Rob says:

      hey Norm

      Thanks, I didn’t take the pic but liked it for sure. Big fan of the enbridge drips but get a little Leary of just how much income they provide us compared to others…… haha
      That’s weird about your broker stopping drips.

      yeah the bpy sale hurt, but I do like the diversification of the reits in rit etf. Couche-tard just got too cheap when the grocery news was announced. It was a great opportunity to grab some and yet still hasn’t recovered.
      When it comes to yield I want to mix the portfolio up with high starting yields and lower ones. I’m starting to lean more towards higher dividend growth than starting yield to be honest.

      cnr for instance has such a low dividend yield but they are as consistent as they come and I can count on them raising it every year.

      I wouldn’t think they are the same because generally those high dividend growth companies have lower payout ratios. Its safer imo. All my dividend cuts I experienced other than disney have been higher yields. Plus if a company is raising their dividend by so much, the stock price tends to follow. So will probably better in the long run.

      haha love that last comment, thanks a lot! There are numerous great bloggers out there, so that means a tonne.
      Cheers Norm.

  8. Awesome month Rob! We got nearly the same dividend income in March (705,78$) 😁👍 planning to add more of ENB, ATD.A, FTS, CNR, XAW into my taxable account + add more US stocks to my RRSP soon too for growth/dividends ✓ I should start the DRIP program on some stocks too ✓ always nice to read your recap monthly ! 🙏😃📈💰 Keep up the good work man!

    • Rob says:

      hey dividends

      Congrats to you as well then! Looks like a great list of stocks to add to your portfolio. I was actually just thinking about cnr today. Don’t like the price – but absolutely love the company.

      Honestly drips are the best why would you not? Investing on auto

      always nice to read your recap monthly – thanks, appreciate it. Always a fun one to write. / read others
      cheers

  9. Doug says:

    Good job those dividends are great and that passive income is picking up steam keep it up.

  10. DividendsOn says:

    Really nice aquarium Rob.

    Near the end of March, scattered the corn gluten on the front and back lawns. Not a great weed killer, but fertilizes the grass really well.

    The same month added to both AQN and POW.

    • Rob says:

      hey Thanks

      Corn gluten is more of a weed emergent, kinda makes it harder for new plants to seed. It does green the grass fast but you may be better off with a spring slow release fertilizer. 32-0-6 Gluten has a lot of nitrogen which can fade fast, especially in the spring with the rain and doesn’t have the potassium for the grass as well.

      Wish I added more algonquin, I wanted to but the funds just havent been there. =)

      keep it up!
      cheers

  11. Looking good, Rob! Some really good names in your portfolio paid this month. I will probably look to sell Riocan too at some point down the road. Always interesting to read about your solar income. Nice to see your portfolio is still growing. And the weather was great in March. Looking forward to next month’s report.

    • Rob says:

      hey Graham thanks! Riocan is a great monthly reit, but I just prefer smart centers for all their diversification and walmart presence.

      The weather has been fantastic thats for sure!
      cheers man

  12. PCI –

    Nice work! Question – is it possible to clean off the solar panels when it snows? Or is it just too difficult to reach? Curious on it!!

    -Lanny

    • Rob says:

      hey Lanny thx

      The ones on the garage are possible but it’s pretty difficult to reach. I really dont think it’s really worth the risk.

      I have debated like eavestrough heating wires on them.

      I dunno if that would make that much sense though.
      cheers

  13. Hey Rob! Totally. I don’t think I will have my kids vaccinated. Honestly, I don’t even get them vaccinated for Flu as it keeps changing yearly. I rather they get sick. Stay home couple days, suffer from fever and be done with it than getting new injections every year.

    They get all other scheduled vaccines though per schedule (Except the recent ones as no clinic is offering vaccine since last year, How stupid!) And hey, everyday we read new news about the negative side of the so called “tested” adult vaccines. Blood clots and even today I read 3 young healthy adults who got both their shots in NB, ended up in the hospital after contracting Covid. First they said, vaccine is good you won’t get sick. Then it was changed to you still get sick but won’t end up with complications and hospitals. I don’t get it. The story keeps changing. (Enough Ranting, Sorry!)

    “when it comes to the tank you sound like my wife”! I am not sure if I should be offended or complimented? Haha. I go with the 2nd option. Looking forward to seeing your monthly tank photo update. Plus, save those beautiful ones from the monster frontosa.

    I hope the stimulus stops gradually without causing a crash. Same with the housing market. And hey, they are discussing the guaranteed pay cheques for everyone. I’d love to see that coming (with a hefty budget) but if they make it per family pay, I will divorce both the Liberals and my wife (On paper)! They can’t tax us individually but for benefits consider us a a family. Kind of unfair cheating. Either make both family or individual. That’s it. We shall see!

    Take care and stay safe 🙂

    • Rob says:

      haha Vibrant well said

      With vaccines and politics, I dont know what to believe.. I just saw a video today of a us army base. Everyone was maskless and close, the guy recording was asking if people got or will take the vaccine… They all said no or Fuck no! (obviously the yes’s could of been edited out) but if the us army isnt forcing masks in bases, I think that speaks volumes…

      people cant play tennis (which may be the most social distancing sport there is) and even fishing is a grey area with boat launches closed everywhere. It makes no sense. I will be going out with my son this wkend in the bush for trout opener for sure. (we have a nice creek behind us)

      haha atleast the tank is going well… my money pit =)

      cheers!

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