November 2020 Passive Income Total – $943.59 Negative Growth Rate?
November 2020 Passive Income – $943.59
- 1 Dividend raise – Telus
- 3 Sources of passive Income
- $315.72 from dividends
- 7 stocks dripped in September
Not the best month on the passive income front, but overall its a great visual that our finances don’t always go up and that’s ok. If we look at the larger picture it is growing and we just need to keep up with the plan. This is our November 2020 Passive Income Report.
Life
We got dumped on with snow and then it got warm again. Work was on and off but we recently shut down shop for the year yet again. It was a fantastic year to be a landscaper but I no longer do any snow removal as it’s just to unpredictable with kids, so I’m trying to find something else to do for the winter. Normally I do some type of renovations, I enjoy doing them and learning tricks of the trades. This year it’s been a little hard to find a job with so many people unemployed and a lot of companies are paying peanuts. Its crazy.
Between that and covid it’s really starting to wear me down. I got free time now with the kids but yet cant go swimming somewhere or play laser tag etc.. I’m sure we will get pass this soon enough, but clearly 2021 is going to be yet another long year.
At the same time we are really blessed for me to be able to afford a break from work financially. It’s great to spend times with the kids. We complain when we are too busy to take time off to play with them and then complain when all we do is hang with them.. It’s seriously weird.
I’m doing a couple renovation’s around the house while job searching. (I did our front interlock walkway, mudding and painting the kids rooms, and insulating the rim boards in the basement better to save us money)
I also got all our kids/family etc Christmas shopping done. I don’t think I have ever gotten all this done this early. Wrapping is a different story though.
Alright, Let’s Get To Our November 2020 Passive Income
Raises or Cuts
Telus bumped their dividend this month
- Telus – 6.84% dividend increase adds $20.21 to forward income
Total Added Income from Dividend Raises in 2020 – $177.99
Dividend Cuts Reduced Dividends in 2020 by $327.03
November 2020 Dividend Income
9 Companies paid us this month.
| Stocks | November 2019 Income | November 2020 Income |
|---|---|---|
| Abbvie - usd | 52.43 | 82.60 |
| Proctor & Gamble - usd | 17.90 | 18.98 |
| National Bank of Canada | 24.48 | 25.56 |
| Altagas | 2.40 | sold |
| BMO | 17.51 | 33.92 |
| CVS Healthcare - USD | 15.50 | sold |
| Emera | 58.80 (One Drip) | sold |
| Riocan | 29.52 (One Drip) | 31.44 (2 Drips) |
| Interpipeline | 28.50 (One Drip) | 8.32 |
| Extendicare | 17.84 (2 Drip's) | 19.08 (3 Drip's) |
| Smart Centers | 0 | 25.44 (1 Drip) |
| General Mills - USD | 65.66 (One Drip) | 70.38 (1 drip) |
| Totals | 330.54 | 315.72 |
7 stocks Dripped in November – Not our best month but 1 more drip than last year.
A negative 4.48% growth rate which ain’t good but I sold Emera in the spring for extra cash when me and the wife were both on lock-down and weren’t allowed to work. (Now we keep that 5k as emergency fund)
If your interested check out our Previous Dividend Income Reports.
Our Drips (Dividend Reinvestment Program) added $8.21 to our yearly forward dividend’s this month.
Trailing 12 Month Return
1.7% back to the green! A crazy November as almost every stock jumped on news from the election as well as the possible vaccines.
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 October (We always get paid a month later) our solar panel system generated 444 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $127.87 into our chequing account this month.
Last September the system generated $144. So we were slightly under this month.
Total Income for 2020 – $2,453.17
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$7,422.58
_____________________________________________
Amount to Break even —- $-24,973.88
Total November 2020 Passive Income – $ 943.59
November 2019 Passive Income – $974.54
Total Passive Income Increase over last year. – $30.95
We haven’t had a month under a thousand since February, so that’s unfortunate to see. The negative yr over yr growth sucks as well, but solar is about the hibernate for the year yet again and those stock sales hurt. Reality is, we have been putting our money to work in the other 2 months of the quarter and if we compared yr over yr quarters I’m sure it would paint a better picture.
Totals For 2020
Dividends Year To Date Total – $5,876.44
Other Passive Income Year to date – $8,478.92
Total Passive Income for 2020 —– $14,355.36
Year End Goal – $17,200 ——– %83.46
Next month is a good month, but not that good. We will most likely fall short, if only the year was 13 months…. haha
November 2020 Purchases / Sales
- Bought 39 shares of Enbridge. This added $126.36 in forward income.
- Added 10 more shares of JNJ boosting those dividends by $40.40
- We also added 8 more xaw etf this month.Threw the solar income right at it, This added a couple bucks…
You can read about those moves in this post. November 2020 Stock Purchases
It always feels good putting money to work for you.
Financial Goals Update
Charities
- We continue to make our monthly donation of 75 bucks to The Nature Conservancy of Canada
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 $195.18 to our dividend Portfolio. Total increased so far in 2020 is $1,442.40. 83.46% of our goal.
Etf Monthly Purchase of $250
- We added 8 more shares of xaw etf this month for roughly 315 bucks in our questrade account. 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.
November 2020 Passive Income Conclusion
Overall a good month. Lower year over year but still almost 1000 bucks we didn’t have at the start of November. Just got to keep moving forward and growing those passive income streams.
While our November 2020 passive income report wasn’t that good, it opens our eyes and will make sure November 2021 is better. Hopefully no more stock sales!
How was your month? Did you set new records and buy more income producing assets? Have you started Christmas shopping yet?
cheers!
“Courage is not having the strength to go on; it is going on when you don’t have the strength” – Theodore Roosevelt
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.
Nice job, keep the passive income rolling in! What did you use for your rim joists? Foam board? Spray foam? That’s something I was looking at fixing as I can feel drafts but wasn’t sure if I should just stuff more batts in or go all-in with foam.
hey Family
thx
Last year I started buying a can every week and slowly going at it with spray foam. It was super slow and costly. Now im using 2 inch foam with a r value of 15 and then spray foaming all along the edges.. After a day or 2 (let it cure) I backfill it with insulation. Seems to be doing a great job. Its crazy how much of a draft comes from there once you remove the old insulation.
Good luck!
Nice month for passive income overall, Rob! Even though you sold Emera and with the pandemic, you nearly received the same passive income as last year. That’s impressive. I am holding Riocan and SmartCentres too. They are small positions, but I was disappointed with to hear Riocan slashed its dividend. I am hoping that ENB increases its dividend soon. Looking forward to how you close out the year. Keep it up!
hey Graham
Thanks man. Its true in this environment its ok to be making the same. The riocan cut was disappointing but something I’m sure we all saw coming but just believed wouldn’t happen. Maybe its short term while covid passes, but at the same time property’s are changing. I really don’t think movie theatres will be around much longer after the “pandemic” with all these companies moving their hits to streaming. That will be a lot of real estate itself vacant.
Time will tell
Yeah, it’s a time consuming job for sure! I’m not sure I can tackle the whole thing. For now I’m going to try and find all the really bad spots and kill any big air leaks.
Buy a sheet for 50 bucks and a can of spray foam and just do a sheet at a time. Eventually it will get done. Not a huge rush, just little improvements.
=)
Nice month overall, even if you had a slight decline. I also had a negative YOY growth this past month. I guess it happens to all of us once in a while. But let’s keep moving forward and finish the year strong! 🙂
Yeah its nice to see Im not the only one. These portfolio shuffles always change things up short term but long term they are great moves to make.
December should be a great finish for the year!
cheers
Rob, for your dividend income chart, I think you uploaded last years. It doesn’t have the 2020 column. Overall, not a bad month. As longs as everybody is healthy, it’s all good. Let us know if you find something to do this winter. Maybe some gigs online?
Ahhh thanks for that German, gotta get that fixed!
I’m sure I will find something. Just got to keep at it. I have thought of applying for teaching english to people in Asia online. That would be a cool gig. Set your own hours and also might learn their language while they learn ours!
cheers
Great round-up of your passive income. I’ve always been interested in the income generated from solar panels. Are yours the ones that would be installed on the roof of the house? Living in the country, we see ones in farmer’s fields all the time. I know when it first started they were paying 80 cents per kWh but that was almost a decade ago now. Is there a lot of upkeep on the panels with additional costs over time?
hey thanks
Ours are the ones on the roofs. Those ones in fields cost more but are a lot more efficient because they move with the sun. You are right at the start of the microfit program they were paying something like that, maybe even 89 cents per kwh. I had some of our clients doing it saying its one of the safest investments they could make. That got me really interested. Always want to do what the rich are doing!
We have had our panels for a couple years now and have not done a single thing with them. They are as passive as you can get. We do have 20 panels on our garage though and there is a big maple on the south side that is most likely hurting our returns, so without that things would be higher.
cheers!
PCI –
NICE JOB! Loving the report and the new hyperlink layout to the different sections. So awesome. That solar panel hopefully kicks back in, for sure.
-Lanny
thanks Lanny
A couple more links I guess =)
The panels are covered in snow now, so things will be slow for sure.
cheers
Nice ROI on those solar panels Rob. Payback in 10 years depending on SOL and then it is money in the bank. You were able to take advantage of the bureaucrats stupidity and get that 0,28C PKW payback.
Where did you get the panels? I am looking at buying some on Alibaba to run a small DC heater for the garage. I need 300w per panel to make it worthwhile.
Yeah this year is a bit of a let down for me as well on the dividend side. I’m looking at probably a 19% drop in dividend revenue. Bit of bad timing as I am having to convert to RIF. One in 2020 and the other in 2021.
Less dividends to reinvest for future payout,
It is human nature to complain but overall I am still ahead of the game in that I am not spending all of what is/will be coming in. SO i get to re-invest in my non-registered account.
One thing CV-19 has done is to slow expenditures because there is no where to go. No trip down through the US so that saved several thousand dollars. A lot less spent on gas as well – bonus less pollution.
I have gone from approx. $42K net expenditures to approx. $32K for the year. Still need revenue above the CPP/RRQ; OAS and small company pension but it still leaves a lot to reinvest.
Take care, stay healthy
RICARDO
hey Ricardo
The govt is always doing something, got to take advantage when you can. Our installer provided the panels but I’m pretty sure they were from Canada solar.
Solar trader online may be another option.
best of luck on that project
That’s unfortunate about the lower income but sounds like your in the middle of a transition. Like you said you are still doing great and make more than you need, which is fantastic btw. congrats!
Yeah everyone is saving more from lack of expenditures. Its great to see overall. I hope the average Canadian personal debt rate drops because of it. Meanwhile the govt is printing money left right and center and our finance minister just brought up how people are saving more maybe they can help pay that debt back…
arg! you can’t make this stuff up. Crazy times.
Stay healthy as well
cheers Ricardo
Nice month Rob. Sucks about the RioCan cut, but hey the Enbridge buy is looking pretty good!
I managed 51% YoY dividend growth this past November, but really this only happened because the 2019 figure was so low (I have historically owned very few positions paying in M2 of the quarter). And compared to your number for the month, the 2020 figure isn’t really that big either.
Still positive stuff. This year’s additions to RY, BMO, EMA have all been having an impact. Would definitely add more of each for the right price.
Cheers Rob! Happy holidays to the family. Here’s hoping for a few nice end of year dividends in your Christmas stocking.
John
Love it John
Fantastic stuff! great additions, those banks have been on a tear. I debate starting a position in Emera again but there is just soo many good utility companies in Canada. Id like to grow our algonquin position so thats my target buy this month.
There has just been soo many expenses this month. xmas gifts, sons scouts, caa membership, wifes union thing etc etc haha Its never ending lol.
keep up the great work and hope and the family have a great Christmas as well
ho ho ho
=)
Congrats on a solid month! Negative growth rate sucks but that happens when your dividend income gets bigger and bigger. 🙂
The solar panels seem like a solid investment and generating passive income every month.
Really wish I can get some snow for this Christmas.
hey Bob
Thanks, Love the solar investment. Its as passive as you can get. Today will be 8 degrees and the snow will be gone. Weird year and weird weather.
hopefully you get some snow!
ho ho ho
Hey, Rob. Almost $1K despite the negative YoY growth… still a good chunk of change!
You did add nearly $200 in forward dividend income so next November is well on its way to bigger numbers. By the way, I’ve been liking your MSFT and JNJ adds in recent months.
Have a wonderful Christmas with the family. Seeing the kids enjoy the holiday is a present in itself.
hey Paul
Thanks. Slowly but surely the income should grow, setbacks along the way but it keeps going.
jnj and msft are 2 i want to continue growing
merry Christmas to you as well. I definitely love the early wakeups on xmas morning.
cheers