October 2018 – Passive Income
Our 2018 Pumpkins
October 2018 – Passive Income
Happy Halloween and welcome to our October 2018 – Passive Income Report.
Pouring outside right now, but should clear up by around 3pm. Perfect for trick or treating! I think our son will all the sudden become allergic to peanut butter tonight, so I can eat all his peanut butter cups… Om nom nom
October was a great month but didn’t do anything exciting. Did some nice landscaping around the house though and started our front entrance by replacing a rotted post and creating 2 seating walls (with lights in them) along the front entrance. Guess November will be all about cleaning up those leaves. I normally get about 50 bags… lol
On to the Income…..
Raises or Cuts
No raises or cuts this month
Dividend Income
12 Companies paid us this month.
| Stocks | October 2017 Income | October 2018 Income |
|---|---|---|
| Restaurant Brands | 4.98 | 26.60 |
| Boardwalk Reit | 22.13 | sold |
| Cineplex | 11.20 | sold |
| Bank Of Nova Scotia | 0 | 22.10 |
| Altagas | 5.25 | 5.48 |
| Sienna Senior | 2.40 | 2.45 |
| Auto Property's | 3.62 | sold |
| ZDY Etf | 7.13 | 7.67 |
| Aecon | 24.13 | sold |
| Corus Entertainment | 9.79 | n/a |
| Cisco | 38.28 | 44.22 |
| Telus | 17.24 | 48.30 (One Drip) |
| TD Bank | 70.80 | 89.78 (One Drip) |
| Shaw | 29.63 | 30.81(One Drip) |
| Riocan | 37.72 | 39.96(One Drip) |
| Extendicare | 15.24 | 16.84 (2 Drips) |
| Algonquin Power | 0 | 34.24 (2 Drips) |
| Totals | 299.54 | 368.45 |
8 Drips this month. Not bad….
October 2018 Dividend Total = $368.45 (%23.03 higher yr over yr)
October 2017 Dividend Total =$299.54 (Previous Dividend Income)
Our Drips (Dividend Reinvestment Program) added $9.39 to our yearly forward dividend’s this month.
What happened? Last quarter I was over $400…Arg. Well this is because of a couple things.
- Disney pays its dividend twice a year vs quarterly. – A loss of $16.80
- Corus Entertainment switched its dividend from monthly to quarterly. A loss of $19.86
- Sold our position in Nutrien to buy a car. A loss of $30.55
Other Income
Private Investment Payment – $500.00
Amazon Affiliate – $17.48
Thanks to everyone who used one of my amazon affiliate links to buy something off amazon. Remember it doesn’t matter if you don’t buy the product I’m promoting. The affiliate gets credit for anything that gets bought from their link within 24 hrs (if I remember correctly)
Solar Income
My monthly solar income posts will now be included on here for simplicity.
Not even one 50kwh day last month…..
In September our solar panel system generated 844 kWh since we get paid a fixed rate of 28.8 cents per kilowatt hour Hydro One deposited $243.07 into our chequing account this month.
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$2353.53
_____________________________________________
Amount to Breakeven —- $30,042.93
Total October 2018 – Passive Income – $1129.00
Total Passive Income Increase over last year. – 41.20%
Totals For 2018
Dividends Year To Date Total – $4159.22
Other Passive Income Year to date – $7782.34
Total Passive Income for 2018 —– $11941.56
Year End Goal – $15,000 ——–%79.61
August 2018 Purchases
Conclusion
Another pretty good month. Unfortunately we see the dip in dividends from the payment changes and recent sale.. Womp! Its a long term game, so I’ll be back to those levels soon enough. I really feel that the first month of the quarter has so many stocks I want to buy lately, so maybe soon enough it will be at par with the quarter ending months.
The solar income is clearly starting to dwindle. Funny most of the trees around the property have dropped but the maple that’s blocking the panels has barely even started…… Haha.
For the 2nd month in a row the website has continued to put some change in our pocket. Thanks a lot for dealing with the ads as well as using the amazon links.
The amount of traffic to the website continues to increase, but the overall comments tend to be dropping. Any suggestions?
Well that’s it for our October 2018 – Passive Income Update. As always thanks to everyone in the community for keeping me grinding and trying to constantly improve. I wouldn’t have this kind of income without you. Seriously! I started reading some of your blogs before I even started investing. You guys schooled me and showed me the way. I wanted to be like you and start generating money for doing nothing.
Have a great Halloween, may your kids pillowcases be as fat as your dividends! Haha..
Cheers
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.
Congrats on another solid month buddy!
Gonna be amazing once the solar panels have broken even and actually start making you some cash!
Regarding the comments…i’ve noticed the same thing.. I guess it gets repetitive to say good job every month..haha
I assure you – even if I’m not commenting on every post, I’m reading them!
Happy Halloween!
thanks man.
The panels are already making me money man. I refinanced for 2.5% and the panels will bring me 7-8% if im correct.
Hmmm your most likely right about the comments thing, good point. Also could be twitter since im active there.
I always try to leave a comment, great for the writer to see and interact with them. The backlink aint bad either!
Happy halloween man, have fun tonight
Happy Halloween to you and your family! And I’m right there with you on those peanut butter cups! My other favorite is the 100 Grand bars, and not just because I am a money nerd haha.
The combination of your dividend income and other passive income streams are quite impressive. I really should start considering some other sources of passive income to help boost up that annual total as well.
Re: the comments, it is tough to say as I have seen some posts get very few comments and others that get quite a few. Also, I know that when I am coming across posts via Twitter, I tend to open and read the post but then reply via Twitter rather than leaving a comment–maybe because I am usually doing that on my phone or iPad and I find leaving comments to be easier when at my laptop. I also try to remain active in commenting elsewhere as that can help bring people back to my site to check things out and leave a comment.
hey dd
Nice! My kid killed it tonight and got like half a pillow case. 100 grand bars i cant think exactly what those are. keep thinking big turks.
so true about twitter, i think thats a big factor. As twitter had grown for me comments have dwindled.
As for other sources I would always encourage that.
cheers dad
Solid month Rob, happy halloween and hopefully next quarter you’ll crush the $400 again! Hope you’re doing well!
DI
hey Dutch
Thanks man. Some days im living the dream, the others are just great. haha and the odd shitty day.
cheers
Congratulations! Following your steps from overseas which gives me ideas to balance portfolios. Thank you for sharing!
hey Jose
welcome! great to see new faces. Great idea always nice to stay diversified.
cheers
I tend to comment more when I know other people who are commenting and becomes interactive with them. That’s why I comment lots on myownadvisor blog. I guess it takes a while to get there. You are doing pretty good, just be patient.
hey May
great to hear from you. Havent seen ya since you emailed me! I hear ya not the same kind of discussions here. yet
cheers
Hey Rob,
Great job on the totals. You’re heading into the final leg of the year with some momentum to reach your annual goal of $15k. Keep it up.
Take care,
Ryan
hey Ryan
thanks man, dont think ill hit the goal with only 2 months remaining and the solar panels running out of steam.
Ahh well still a great run and impressive growth over last yr.
cheers man
PCI –
Just jealous on that Solar income! So awesome, congrats!
-Lanny
haha Thanks Lanny! It is pretty dam sweet, but its better in the summer. =)
cheers mate
Nice month. Over 1k in passive income. Lots of companies paying out and different forms of income.
hey daze
Thanks alot man. Nice to stay north of 1k lately.
Hope things have been good with ya.
cheers
Amazing work Rob, keep it up man!
hey Rich
Thanks alot. Appreciate the comment as well.
cheers
Happy Halloween (I know I’m late, lol)! Congrats on an amazing month. I cant wait for the day when I make over $1K per month in passive income! Your passive income stream is very impressive! Keep up the great work! 🙂
hey Dynasty
haha thanks man. Hmmm I honestly thought you broke 1k in dividends atleast once this yr. Im sure uou know better than me. If not your clearly around that area some months. You will hit it next yr for sure.
cheers mate.
Glad the weather cooperated for Halloween. Congrats on another solid month Rob. That’s a healthy double-digit increase from last year.
I wish I had suggestions for increasing comments. I’m working on the same as well as overall growth of the blog audience. I’ll let you know if I come across anything that works.
hey Port
Thanks alot. The kids had a blast for halloween and now we get to all reap the rewards.
The income keeps coming in and its only a matter of time before this month in the quarter beefs right up.
Cheers mate, ill let you know if i find something as well
Overall it was anther great month! I like that little affiliate income from amazon. It’s a passive income as well!
hey German
haha I do as well. Hopefully in the future that stream increases too.
=)
cheers man
I’m commenting!
Good job on the Amazon affiliate! I did not know about that! I gave up on it because I didn’t get that sale in 3 months rule thing.
Great job also on the dividend front 🙂
Hey Gym
Thanks a lot. You should try it again and get a friend you know to buy something from your link. I thought for sure you would have it on your insta pot review. Seems like that would of been money!
LOve the comments
Thanks/cheers
I think the increase in traffic is great, you shouldn’t worry to much about the comments. I can’t get my traffic to grow much so a little envious:)
Amazon dropped me just like GYM! It doesn’t help that I didn’t promote any products!
Great job overall. Caroline
haha Caroline
You need to atleast promote your amazon affliate link. Next time… It slowly keeps on growing just got to work on the speed of my site and it should surely pickup. Its all this behind the scenes seo stuff…
Thanks for commenting Caroline
Cheers
Great job on the yoy increase and 8 drips, Rob! $368.45 is a nice haul of dividends. Your totals for the year are adding up. It’s great to hear the you’ve been able to put some extra change in your pocket from blogging as well. Great work man. Keep it up.
hey Graham
Thanks, I guess that’s dividend Investing as a whole. It is crazy to see how fast these dollars can turn into wads of cash. Gotta love it!
The blog income is a nice perk for something I really enjoy doing.
Cheers man
Love all the income streams you’ve got working, Rob. You’re generating some excellent returns in 2018.
Quite the bump in income from Restaurant Brands… assume you added there.
As for the Halloween candy, I like getting the Almond Joys that no one wants… love that coconut!
hey Paul
Thanks Man! Qsr raised their dividend 100% this year and yeah I bought more. Love the company.
We dont see too many almond joys around here. Like none.. lol
cheers Paul
As an electrical engineer I have to say it’s very interesting to see solar power in your portfolio. It’s good for the environment and the price you receive for each kWh is amazing! As a comparison, I currently pay about 15 cents/kWh (CAD) with taxes.
hey Deluge!
Thanks and welcome to the site!
Honestly we tried to get panels a year before and got denied because of the grid…. It really bugged me thinking we couldn’t get them. Luckily I tried a year later and we got approved. I love them. Well not now, since they are snow covered! arg!
haha cheers!
Try not to think about them too much over the winter. Between now and March, you will be getting very little, but come March, you will be soaring again. Remember, Dec 21 is the shortest day of the year, and as soon as snow flies, you probably won’t get much of anything.
great points James.
Welcome to the site btw!
Atleast the snow on my panels, has finally melted off. Now for the next round of snow! haha.
cheers
Just for comparisons sake – on a 10Kw system, I got 129kwh in Dec, 198kwh in Jan, 363kwh in Feb and 1,003kwh in March last year.
yeah those are some low numbers.
I remember my first cheques at the beginning of last yr.