November 2022 Passive Income – Mouth-watering Year over Year Growth

November 2022 Passive Income

November 2022 Passive Income

  • 3 sources of passive Income
  • $469.91 from dividends
  • 1 stock dripped in November
  • Trailing 12 Month Portfolio Return 10.30%

    S&P 500 12 Month Total Return -9.21% for November 2022 

    S&P/TSX Composite Index 12 Month 3.41% Dec 1 2022

Seinfeld – Helllllooo!

The market is starting to rip again…. and I’m not a fan. Being in accumulation stage I want prices to be as low as they can be. I don’t think the market should be getting all excited as inflation is still north of 7% and interest rates will still be increasing. Powell kinda mentioned rates may not go as high as he originally thought and bam here we are.

Rates are still wayyyy higher than they were at the start of 2022 and will probably go up once or twice more before they freeze or start lowering them in my opinion. I read a great article on mortgage rates the other day, but here’s one line that stood out to me.

From another historical perspective, when rates increased in the 1980s from a base point of 10% to 20%, this represented a 2x rate increase. However, a rate increase in 2022 from a base point 0.25% to 4.25% represents a 16x rate increase, which will have a much greater shock to the economy.

I think we will see even better prices in 2023, but we continue to dollar cost average into our portfolio. I’m not cashing out our portfolio, although I am really tempted on this rally to be honest. I have been wrong in the past though, so I’ll just stick with the plan.


A quiet month overall. Typical end of the year yard work. Cleaned all the leaves, put the batteries inside from mower, trailer and put all the outdoor stuff in the shed.

Unfortunately the time had came that we had to put out dog down. 16 years old and 15 years of memories with us (we got her from humane society) . That’s a heck of a long time but her hips were starting to give on her. We debated putting her down last month after going on our last camping trip but her hips didn’t seem to be bothering her much after. Things deteriorated quite quickly this month though. 16 years old is a heck of a run though for a husky, we were blessed to have her for so long. Rip Sage

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


We had 4 Raise’s this month.

  • Suncor raised their dividend for the 2nd time this year. This raise was another 11% adding $82.20 to our forward income.
  • Couchetard came through once again with a monster raise. This one was 27.3% and adds $20.40 to those future dividends.
  • Enbridge busted out a 3.2% dividend raise. Since its one of our largest holdings this added $33.22 to our income.
  • National Bank raised 5.4% but since we only hold the 1 drip currently this added only 20 cents. haha

A great month for dividend raises and in total we will bring in $136.02 more income income next year without doing anything different. Beautiful! We sold off a bunch of companies this year to pay off our heloc. While some have worked out good, some haven’t. But the nice thing is our entire dividend portfolio has announced raises in 2022. We got rid of all non dividend raisers and it feels good! (other than Disney)

Total Added Income from Dividend Raises in 2022 – $537.09

Since our portfolio currently brings in $8,182 yearly these raises alone added just over 7% to our income during 2022. This is the power of dividend growth investing.


August 2022 Passive Income

November 2022 Dividend Income

6 Companies paid us this month.

StocksNovember 2021 IncomeNov 2022 Income
Smart Centers33.15 (1 Drip)sold
Rit ETF65.95sold
National Bank of Canada41.18154.56 (1 Drip)
Texas Instruments - Usd032.24
Air Products - Usd074.52
Proctor & Gamble - Usd20.8831.05
Abbvie - Usd91.0098.70
General Mills - Usd72.42 (1 Drip)78.84

1 stock Dripped in November.

Unfortunately only 1 dividend dripped this month and even worse I sold the position after the ex dividend date. (I thought banks would be in for some hard times the next 6-12 months and so far they have done well. Although we can see the income down on some as they set more money aside for bad loans)

General mills has been on a tear this year and now we no longer bring in enough to drip them. But I don’t mind too much as I want as much usd in the account as we can get. This month is mostly us stocks and that money will be fuel for the next us stock purchase. 310 bucks usd is nice, since I hate converting our cdn dollars at the moment!

If your interested check out our Previous Dividend Income Reports.

Our Drips (Dividend Reinvestment Program) added a monster $3.88 in future dividends.

November 2022 Dividends

Other Income

Private Investment Payment – $1000.00

1k a month, Straight to the heloc.

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 $122.73 into our chequing account this month.

Last October the system generated $99.42 so we are quite a bit higher this month. The weather has been all over the place this fall.

Total Income for 2022 – $2,225.11

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$12,110.33


Amount to Break even —- $ -20,286.13

November passive income piechart

Total November 2022 Passive Income – $1,592.64

November 2021 Passive Income – $924

Ok this has got to be our highest growth rate ever, and lets be honest probably wont see this for a long time. This month our growth rate in total passive income is a monster 72.36% growth rate year over year. Absolutely massive and nice to see in these lower paying months.

Passive Income graph

Totals For 2022

Dividends Year To Date Total – $9,652.41
Other Passive Income Year to date – $12,429.27
Total Passive Income for 2022 —– $22,081.68
Year End Goal – $25,000

Getting close to the goal, but likely will be a little short. All good, when you set the bar so high.



November Stock Purchases

We made just 1 purchase this month as the market in my opinion shot up for no reason at all. Inflation is still over 7% and rates are still rising.

We bought 8 more shares of Microsoft before the run up. I have always wanted to get this position into our top 10 and this month it broke into the list in the number 8 spot.

8 shares purchased at $224.02 per share. This adds $21.76 to our forward income. I plan on continuing to grow this position in the future under 240.


Well as some of you may well know, I have been anti crypto for years now. My mind has been changed a bit. I attend a monthly mastermind meetup with 6 guys. 2 crypto bulls, 2 stock guys and 2 real estate guys. The crypto guys have convinced me to dip into the space. I won’t touch any crap coins. I’ll just stick with bitcoin and possibly etherium. This is purely a speculative investment and basically a hedge against our dollar. In my opinion governments are absolutely destroying our dollars and we live in a world with no repercussions. They keep their jobs and continue printing money.

For the first time ever the bank of Canada is now losing money. They lost 522 million in 3 months. Will interest rates keep going up to fight inflation or will they dial back since they cant afford it.. I’m guessing we will continue printing the difference.

But hey gotta give credit where its due. The liberals literally said monetary policy wasn’t a concern this election and people still voted for them… end rant.. =)

My plan for bitcoin is 100 to start and 20 bucks added every week. I’ll update how things are going every month.

Total invested – $110




I decided to go with shakepay because it is regulated in Canada and you shake the phone daily to get some free sats (bitcoin) basically 2-4 cents a day. haha. A 100 dollar deposit gets you 10 bucks and 10 for the referrer. Feel free to use my affiliate here if your interested in trying out the crypto space. I appreciate the support.

Financial Goals Update


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

Unfortunately I’m going to disregard this now. While we could of been really close to hitting this, things changed. I’m not as bullish on the market and with interest rates doubling in 6 months (and still growing) I decided to pay off all our heloc which we used for investing. As long as the forward passive income is higher at yr end vs last yr, its all good!


Etf Monthly Minimum Purchase of $250

  • This month we added 7 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.
November 2022 Passive Income Conclusion

A decent month overall. Clearly an emotional one, but her time was due. Now we get ready to go away on vacation and then enjoy time with friends and family for Christmas. Always one of my favourite times of the year although not financially….. Ho Ho Ho

Wish you all nothing but the best, cheers!

In the end it’s not the years of your life that count. It’s the life in your years – Abraham Lincoln

13 Responses

  1. Congrats 🎉 Rob for your $469.91 in dividend income for November! 😃👍 I thought you had before BMO into your portfolio, you sold it? Great job as usual especially with your solar panels + private investments on the side!

    • Rob says:

      hey div

      I had bmo way back but consolidated my banks into just td,na and bns. moving forward ill just have td and na for canadian banks.

      thanks, always like the diversification

  2. Alex says:

    I am so sorry for the loss of your furry friend, but 16 years are 16 years.

    I enjoy your posts and found intersting reading from another Canadian investor. He with his wife were able to change their life this year and moved to live and manage their portfolio from cold Montreal to sunny Panama. That’s my dream/goal as well. My son is a 10th grader now and as soon as he off to college we will be ready to move there…

    I just watch their approach for investing in Canadian and US stocks/etfs. What do you think? The name on youtube “Passive Income Investing” , the latest post is –

    • Rob says:

      hey Alex

      thanks, she will be missed.

      Its not a channel I follow but definately will be checking it out. The more passive income we bring in and the better our financial footing, the more I think about living somewhere else. We actually just came back from the Dominican with the kids and I asked what they thought about living there. (I wouldn’t live there, but maybe Aruba or something) Aruba has some kind of citizenship if you buy a 250k house there from what i understand.

      Its not something I have really looked into, as the move would trigger some major taxes. An option may be the 6 months here 6 months there though. Kids are young and want good schooling/ their friends here. but if it was just me and the wife It would highly be up there to move. Maybe once they turn 20!

      Ill watch their videos and let you know my thoughts, thanks for introducing me to this. Would be interesting to hear their perspective.
      cheers Alex

    • Rob says:

      hey Alex. I watched the vid. Its interesting and awesome that hes living in Panama but his portfolio is extremely high risk from what I understand.

      I know hes going for yield and I think he mentioned his portfolio has a 10% yield. From my years investing I’ve learn not to chase yield. I wouldn’t be in these etfs if I wanted yield, Id probably look into mortgage investment corps or alternative investments.

      Covered calls can be good and bad and would require a lot more watching the portfolio. He mentioned he sold right before the crash this year. Lucky.
      Split corps utilize covered calls on your money as well.

      Its not something I would want almost all my portfolio invested in. Sure the income looks nice, but it is extremely high risk. Personally I rather stick with blue chip companies and collect their growing dividends yearly.

      Here’s a good post about dfn – dividend 15 split corp.

      cheers Alex

  3. Alex says:

    I agree with you about their high risk and needs to maintain the portfolio 24/7. Amazing that they were able to make a such a move to totally different country.

    I am on US side ( still US/CA dual citizen) and keep my Canadian stocks (RY, BNS, ENB, PBA, BCE, AQN) in IRA to avoid 15% tax withholding.

    I invested a bit in these QYLD/RYLD and will see what happens, but I more interested for the long run to SCHD (Schwab U.S. Dividend Equity ETF ) as alternative to VOO ( Vanguard S&P 500 ETF) or VTI (Vanguard Total Stock Market ETF).

    • Rob says:

      vti, schd and voo all seem to be popular names. Seee what happens but don;t put too much into qyld/ryld in my opinion.

      good luck

  4. Brian says:

    I’m sorry to hear about your loss. Pets are family, showing nothing but love like all the time

    As for you numbers they look really solid this month, congratulations buddy!

  5. Nice month for passive income! Sorry to hear about your dog. It’s hard losing a pet, but it looks like she lived a long happy life. 🙂

  6. Norm says:

    Sorry to hear about your pup, always tough to say goodbye to a family member.

    That is an awful lot of USD you brought in for dividends last month, congrats on that. But only 1 DRIP? That’s gotta be eating away at you!

    So after crypto crumbles, FTX implodes, and SBF is proven to be a fraud (hilarious to watch this all by the way), then you decide to join the Bitcoin bandwagon!? I love it 😀 But in all seriousness good on you for taking a closer look crypto as a potential alternative. I’ve got some btc and eth that maybe amounts 0.75% of my total assets, and right now that’s enough for me. Just a small hedge on them ever amounting to anything tangible, and for some market timing trading!

    I had to lookup what a mastermind meetup is. Interesting concept, and I call that going for drinks with my drinking team! How long have you been in that group for?

    • Rob says:

      haha Norm

      Love your drinking team. Unfortunately in the real world I don’t have many buddy’s I can go out with and really talk finances. I think we have probably met up 4 times now. I was on the fence about it the first time (sitting there just talking money, while everyone listens) but its great, learning alot and the guys are good as well.

      It is interesting about bitcoin aint it! Canada its regulated so that changed my mind a bit, plus its pulled back alot in price. Like you its a really small position of our overall portfolio. I definitely like to stay diversified with our investments. These real estate guys in my mastermind even got me thinking about that. But there’s definitely trouble in the area, I could see housing pulling back quite a bit especially investment property’s. Jv’s seem like a great way to go for me as a beginner in the rental market.

      Time will tell.

      hows things with you? whats new or what have u been buying?

Id love to Hear What You Think

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