September 2021 Passive Income Update – Time’s Flying!

September 2021 Passive Income

September 2021 Passive Income

  • 2 Dividend Raises
  • 4 sources of passive Income
  • $804.02 from dividends
  • 10 stocks dripped in September

Hello

The market go’s red a couple days and then shoots back up nice n green. Lots of people are now calling on a big crash coming. My thoughts – who knows. The debt ceiling will just get raised as it always does and the market will either go sideways, up or down. No one knows. The dividends keep coming and I prefer to see some of these lower prices in accumulation phase anyways.

Life

 

Another great, busy month. We did a bit of traveling and went full force tourist mode.

  • The month started off with us going to Montreal for the weekend. We saw some family, ate a tonne of poutine, bagels and smoked meat. Checked out old port, did some zip lining. It was a great time. Actually I remember going there a couple years ago and wasn’t a fan. This time was great, people in Montreal are really friendly, the walls were painted really cool and it was nice seeing cirque du soleil busking around the town.

smoked meat

  • The following weekend I went with my hockey buddys to one of their cottages for the weekend. We played poker almost the entire weekend. So that was a little different, but I went for a rip on the kayaks with a buddy and got skunked fishing. That was cool I guess. Left the weekend up 50$ so atleast I didn’t lose my shirt.
  • Our son is back to school and our daughter is in fulltime daycare, they both love it. Here’s hoping things stay open this winter.
  • My sister got married in Niagara this weekend, so we went there for the weekend. First time really dressing up in about 2 years. Went tourist mode there as well. Tested the deodorant on that huge fariswheel, got soaked on the maid of the mist, smoked the arcade and smashed those funnel cakes.

A great month yet again! This month we will be having the entire family over for thanksgiving and plan on going to another cottage. I’m excited for thanksgiving as we haven’t got together with the wife’s entire family for over 2 years as well. May your mashed potatoes be smoothered in gravy and your turkey be moist! Lot’s to be thankful for that’s for sure.

So fresh, So Clean!

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

Raises or Cuts

  • Microsoft raised their dividend by 10.7% A beast of a stock. This raise adds $4.56 in forward income.
  • Lockheed Martin came through with a 7.6% increase. This adds $15.32 in forward income.

 

Total Added Income from Dividend Raises in 2021 – $142.62

Great to see some raises again. Unfortunately general mills didn’t come through like they did last year at this time. I tell ya lockheed still seems like a screaming good deal. I may have to add more =)




January 2021 Passive Income

September 2021 Dividend Income

13 Companies paid us this month.

StocksSeptember 2020 IncomeSeptember 2021 Income
Altagas2.40sold
Interpipeline8.32sold
Extendicare18.84 (3 Drips)sold
Riocan30.96 (2 Drips)sold
Brookfield Renewable Corp20.38sold
Brookfield Property118.82 (7 Drips)sold
IBM45.64 usd45.92 usd
MSFT2.55 usd10.64 usd
Lockheed Martin046.80 usd
JNJ33.33 usd45.58 usd
3M32.34 usd32.56 usd
Couche-Tard05.95
Canadian National Railway44.2859.04
Manulife Financial037.24 (1 Drip)
Smart Centers25.13 (1 Drip)32.84 (1 Drip)
Rit ETF065.54 (3 Drips)
Brookfield Renewable83.21 (1 Drip)86.23 (1 Drip)
Enbridge185.49 (4 Drips)239.65 (3 Drips)
Canadian Utility's89.69 (2 Drips)94.12 (2 Drips)
Totals741.38804.02

11 stocks Dripped in September

Nice seeing these months now breaking the 800 mark! We continue to see all the sales yr over yr. These were mostly monthly dividend payers that cut or didn’t raise the dividend. Bepc we sold off after the spinoff and bpy we sold after the buyout announcement. Overall I think the portfolio looks stronger for the long haul although I always contemplate our position in IBM.

If your interested check out our Previous Dividend Income Reports.

Our Drips (Dividend Reinvestment Program) added $20.15 to our yearly forward dividend’s this month

september 2021 passive income


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 August (We always get paid a month later) our solar panel system generated 998 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $287.43 into our chequing account this month.

Last August the system generated $300.38 Another month lower, it seems pretty obvious this maple tree is killing our returns.. The trees beautiful though, its a keeper!

Total Income for 2021 – $1,991.23

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$9,478.04

_____________________________________________

Amount to Break even —- $–22,918.42



 


Questrade Affiliate

Thanks to some of you for using our questrade link we received 70 bucks in affiliate income. This is the 2nd month is a row! Thanks everyone. We continue to use qt for our etf purchases monthly.


september 2021 passive income

Total September 2021 Passive Income – $ 1,661.44

September 2020 Passive Income – $‭ 1,541.76

Total Passive Income Increase over last year. – $119.68

A 7.7% growth rate. Not huge but an increase non the less.

september 2021 passive income

Totals For 2021

Dividends Year To Date Total – $5,794.68
Other Passive Income Year to date – $7,164.15
Total Passive Income for 2021 —– $12,958.83
Year End Goal – $17,390.71 ——– %74.51

We should be getting 8.3% a month and with 9 months done we should be at 74.70%. Talk about right on target. =)

Purchases

 

September 2021 Purchases

We continue to grow our portfolio.

BCE

Added 33 more shares to the portfolio. This purchase was made in the kids resp and we are now maxed for the year once again.

This purchase adds $115.50 to our forward dividends and also should allow us to drip an extra share per quarter. =)

ALGONQUIN POWER

We continue to grow this position. Actually I have thought of making a new rule and growing any position in our portfolio whenever they raise their dividend by over 10%. Algonquin did in 2021, so I’ll gladly add to this position.

We bought 54 more shares which adds $36.84 usd to that income.

Xaw Etf

Added 9 more xaw to the portfolio as well.

Adding about $4.06 =)

In total we added $156.40 to that forward income with these new purchases.

 

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 $1076.32 64.05% of our goal.

 

Etf Monthly Minimum 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.




September 2021 Passive Income Conclusion

Gotta love these months, the income keeps rolling in. We put a nice chunk of change to work and really did our best to live life to the fullest. At the end of the day that’s what its all about right? Passive income is nice, but make sure you are spending some of it on some great experiences. Time is flying by and in the grand scheme of things, life really is short.

I hope you all had a fantastic month as well. With thanksgiving around the corner what are you most thankful for? How was your September?

keep being awesome, there’s greatness within you!

Cheers

Life isn’t about finding yourself. Life is about creating yourself – George Bernard Shaw

28 Responses

  1. SavyFox says:

    Hey Rob
    Your passive income streams are getting stronger and more diversified. Congrats, indeed, the compounding machine is working at full steam. I like also the nice organic dividend growth (the two raises) and the systematic reinvestment process.
    Keep it up and all the best!

    • Rob says:

      hey Fox

      Thanks, always great when you have the entire trio working for ya in a month – div raises, new capital and drips.

      All the best to you as well!

  2. steve says:

    hi , you seem to like algonquin alot ,What made you decide on this stock ?
    also you mentioned manulife in the last post , same question, i am thinking of buying both

    • Rob says:

      hey Steve

      I had a small position in algonquin for awhile and it has done well for us. They are quite diversified in the utility space but in particular I love the growing exposure to renewables and also their water business.
      Since I started a position they always raise the dividend 10% yearly and also come with some nice capital appreciation. Unforetunately they do like to create new shares for acquisitions, I don’t know if Im a huge fan of that. I always love seeing companies buying back stock.

      Manulife is a great insurance stock, that is doing well in Asia and improving their tech presence. They also are a play on higher interest rates as insurer’s will do a lot better on any increase. Sunlife is also another great play in this space for Canada.

      cheers Steve, hope that helps

  3. Congrats on breaking $800 in dividends again! Keep the passive income machine growing! 🙂

  4. You only mentioned Thanksgiving dinner in this post because you REALLY wanted to say MOIST didn’t you?

    Anyways – looks like a great month…congrats!

  5. Norm says:

    Hey Rob! Over here I’m thankful for being alive and exploring this wonderful world we live in… and the freedom we have to share drinks and good times with friends along the way!

    What a September your family had, truly modelling a behaviour to save money in parallel with getting out there and not being afraid to spend money on life. Haven’t been to Montreal for a while but would love to get back there. I was once there when the F1 event was going on and oh man was that awesome to see and hear in person.

    I picked up more AQN as well the past week, hard not to with the current price, but that’ll be the last AQN purchase I make for a while to keep that position in line from getting to big. Have been wanting to sell my BCE preferred shares in exchange for BCE common shares for a while now, but the common share price isn’t cooperating. Really thinking I need to buy some of these US tech stocks directly, I have decent holdings via ETFs but those are starting to bore me 😀

    Great job on the September dividend income! Seeing the year & month table feels more informative than the graph. Your family’s dividend income has exploded in the five years since 2016, congrats!

    • Rob says:

      Man I love your positive attitude Norm. That first paragraph is what it really is all about! “What a September your family had, truly modelling a behaviour to save money in parallel with getting out there and not being afraid to spend money on life” – Really appreciate this. Honestly I feel like the general consensus is if you want to save you will lose out on having fun.. That’s not the case at all, it really is all about balance. Of course if we didnt spend as much things would only accelerate but life’s really about experiences not a number on a bank account.

      That f1 race would be cool, Ive watched the netflix series and kinda have gotten into f1 more. Im in the same boat with algonquin, love em but gotta watch the allocation, with the pullbacks on utilitys the sector allocation has dropped quite a bit overall atleast.

      I keep thinking I need to grow our tech sector, things in that space are doing very well.

      I agree the table does show a better picture of the growth.
      All the best Norm, have a great thanksgiving
      cheers

  6. jimmbboe says:

    Loving the family photo!

  7. Doug says:

    Great job. You had a productive month and brought in some good dividends. Keep on adding.

  8. Myprudentlife says:

    Hi Rob,

    That’s an awesome multiple sources of income you have been building. I see that you have IPL and sold eventually. Prior to the pandemic, IPL was one of the oldest stocks we owned and one of our largest holdings as we were focused on monthly income. We held it for a months thinking they will bounce back which we all know it didn’t happen. Some of the few lessons we learned from March 202co crash hence we are building a well-diversified portfolio.

    Great family picture BTW!

    • Rob says:

      hey prudent

      Lots of learning lessons along the way right? Our portfolio is quite a bit different from when we started. The good thing is we are at the beginning of our investing journey. It would be brutal to learn things at the end.

      thanks btw
      keep it up

  9. German says:

    I’m glad you enjoyed your trip to Montreal 🙂

  10. German says:

    I recognize that mural

  11. Hey Rob – What a fantastic month. Heck yeah, keep up the great work. Seeing you cross the $800 mark in the month is huge. I’m jealous of the large divvy you received from Lockheed. Its a stock I always mean to buy, but never actually do.

    Bert

    • Rob says:

      hey Bert

      You cant have em all right? well i guess in a etf…. Definitely a lmt fanboy, its went up a bit lately but id love to grow our position.

      Cheers Bert!

  12. German says:

    That’s the intersection of Sherbrooke and Jeanne Mance a block away from the entertainment district.

  13. genymoney says:

    What a nice family photo! Your kids are adorable!
    That trip to Montreal sounds so nice, I haven’t been in a long time, some of that Schwartz’s sandwich and poutine would be good right about now, haha.

  14. Sounds like an active month you had, Rob. Good to know the dividends are rolling in while you are out enjoying what life has to offer.
    The dividend results look great. Nice work crossing $800 for the month… nearly a monthly dividend record, too.
    I was able to share in both your dividend raises this month. The LMT raise provided a nice pop to your forward dividend income.
    That ENB dividend is a monster. I don’t have any dividends near that size. It seems to have grown very nicely YoY, too. I assume you added to your ENB position during the past year?
    Good luck in the homestretch of 2021. Here’s hoping you reach those goal numbers you’ve set. It seems you are on pace to deliver.

    • Rob says:

      hey Paul

      Yeah I added to our Enbridge position. When it was around 34$ it was a screaming buy. I try to not add to our top 3 holdings but when they are that cheap you have too haha.

      Gotta love that lmt raise, added more to that position recently actually.
      cheers Paul

  15. That Enbridge position is no joke. Great month Rob!

Id love to Hear What You Think

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