Passive Income – October 2019

Passive Income – October 2019

While it’s not exactly November yet, it is the 31st. Halloween day. My kids are pretty excited, but its pretty safe to say our daughter who is 1.5 years old is right into Halloween. She loves watching Halloween stuff on you tube and constantly says trick or treat. Getting candy is a whole different story from our son, she screams for joy! (Literally)

The weather is going to be pretty crazy tonight with even more rain and winds up to 100 km, so it will be interesting to see how hard the kids will go. Of course when they come back, I’ll teach them about taxes. Reese peanut butter cups and coffee crisps got a pretty high tax rate around here.

October was a great month

• I went away fishing with the boys for the weekend. We caught about 25 pike up to 7 lbs and landed a 8 lb steel-head. That was pretty cool, we didn’t even know there was steel-head in there but we were trolling with spoons, so they will hit too!
• Had thanksgiving with our family’s. Always nice getting together. Life’s pretty good. Remember to be thankful for what you have and the people around you. Thanks to you, as well. The views and comments encourage me to keep writing and grow as a whole.
• Took the kids, trick or treating at the mall last weekend. Was a blast, but took them to the Halloween store and those fancy animatronic things really freaked my daughter out.. haha, hopefully I didn’t scar her for life.

Now let’s get to the money….

Raises or Cuts

• No raises or cuts that I know of
  

Total Added Income from Dividend Raises so far in 2019 – $‭174.13‬

Dividend Income

12 Companies paid us this month.

Stocks	October 2018 Income	October 2019 Dividends
Restaurant Brands	26.60	30.49
Altagas	5.48	2.40
Sienna Senior	2.45	sold
ZDY Etf	7.67	sold
Bell Canada	0	50.72
Cisco	44.22	46.90
Shaw	30.81(One Drip)	sold
Transcontinental	0	25.08 (1 Drip)
Telus	48.30 (One Drip)	54.00 (1 Drip)
TD Bank	89.78 (One Drip)	91.02 (1 Drip)
Bank Of Nova Scotia	22.10	86.40 (1 Drip)
Interpipeline	0	28.36 (1 Drip)
Riocan	39.96(One Drip)	29.40 (1 Drip)
Extendicare	16.84 (2 Drips)	17.80 (1 Drip)
Algonquin Power	34.24 (2 Drips)	39.65 (2 Drip's)
Totals	368.45	502.22

9 stocks Dripped in October.

October 2019 Dividend Total = $502.22 A 36.30% growth rate. Mmmmmmm

October 2018 Dividend Total = $368.45 (Previous Dividend Income)

Our Drips (Dividend Reinvestment Program) added $14.44 to our yearly forward dividend’s this month.

A 36.3% growth rate? It’s been awhile since I’ve seen anything like this. That’s fantastic, but knew it was going to be up there. After selling our position in shaw and moving that money towards better dividend growth telco’s these month’s will surely increase. I will continue adding to telus and bell in the coming year as the communication sector continues to be one of my lowest in the portfolio.

Trailing 12 Month Return

Jordan recently did a post about how people focus too much on just their dividend income and ignore their overall portfolio growth. It was a good post check it out. He challenged bloggers who post their monthly dividends to include their total return as well. I will include this every month going forward. In the last 12 month’s our portfolio has posted a 17.17% return. I don’t know if this includes dividend’s but will ask rbc.  If not add another 4.45% as that is our current portfolio yield on cost.

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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 Income

In September (We always get paid a month later) our solar panel system generated 795 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $228.96 into our chequing account this month.

13 bucks less than last year, but its been a wet one…..

Total Income for 2019 so far – $2,245.23‬

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$4,761.19

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Amount to Break even —- $–27,635.27

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Total October 2019 Passive Income – $‭1,231.18

Total Passive Income Increase over last year. – 9.05%

Got to be happy with that growth rate, especially since last year we had amazon toss us some money and solar is slightly down. With the winter coming and next month being our lowest dividend month, it will be interesting to see if that 1,000 dollar mark can continue to hold it down.

Totals For 2019

Dividends Year To Date Total – $4,803.61
Other Passive Income Year to date – $‭7,839.81
Total Passive Income for 2019 —– $12,643.42
Year End Goal – $15,500 ——– %81.57

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October 2019 Purchases

We decided to bring Nutrien back to our portfolio after selling it for over 70 bucks last year for the car. We bought 26 shares and it will add 46.80 usd to our forward income.

Goals Update

• I want to read 10 books this year. A complete fail this month, I didn’t read any books this month, time flew by and things were really busy 6/10 all yr (I Don’t include audio Books).
• Get A Will – DONE. You can read about that here.
  
• Picked up some Garbage – Nothing special, saw some garbage and threw it out.
• Charities – Continued our monthly $50 donation to The Nature Conservancy of Canada. With the start of November near, it’s time to grow that stache for Movemeber. Last year I raised 170 bucks, hopefully this year I’ll surpass 250. Do you contribute to movember?
• Increase Dividends by $1,100 this year. With New Purchases, Drips and Dividend Raises this month we added $61.24 to our dividend Portfolio. So far in 2019 we have added $907.44 (%82.49 of our goal.) (Lost $446.94 on sale for car, but want to keep this separate)
• Reduce Screen Time before Bed – Slacking. Needs Improvement
  

Conclusion

A great month across the board. Gotta love seeing growth rates like that. There has been too many moves in the portfolio and we can see some of the sales finally disappearing from the charts. That’s nice to see. Will I hit my yearly goal of passive income this year? I dunno, looks unlikely. I have no bad feelings about it though, I do my best to avoid monster dividend yields these days, as I’ve been burnt in the past with that technique.

How was your month? Setting new records? Which stocks are you contemplating adding currently?

Wish you all the best, Cheers! That concludes our October 2019 Passive Income Report.

“Everybody has the ability to build a financial Ark to survive and flourish in the future. But you must invest time in your financial education to build an Ark with a solid foundation” – Robert Kiyosaki