- 3 sources of passive Income
- $917.34 from dividends
- 37 stocks/units dripped in October
- Trailing 12 Month Portfolio Return +1.96%
S&P 500 12 Month Total Return +21.62% for September 2023
S&P/TSX Composite Index 12 Month +5.10% November 3 2023
Lower than the market year to date once again. Algonquin and Aecon specifically are just beating us down. Aecon should bounce back as business is good, they are just getting killed on projects quoted before all this inflation. Algonquin I dunno, I just hope they keep their water assets and turn things around.
Life
October is time to get excited about halloween once again. Throughout this year we have been acquiring more used animatronics. This year our setup was so big it had to go into the backyard as well. The kids in the neighbourhood loved it and so did I. Unfortunately the disassembly is a lot less fun then the setup.
I cheated this year for Movember and grew a beard all October in preparation. As always I love to participate in Movember and rock the stache. This year hits a little closer as my dad has been battling prostate cancer and I can happily say everything looks good now, as he found it early. Get things checked out boys! Well you too girls…. Fu%k Cancer right?
If you would like to support my movember that would be pretty sweet of ya. Hey it feels good to give, puts a smile on my face and is also a tax write off.. Win/win/win Robs Movember
Alright, Let’s Get To Our September 2023 Passive Income
Raises/ Cuts
Another raise this month
- Abbvie – Abbvie came through with a 4.7% raise. Pretty good considering they are still navigating the humira issues. This raise adds $19.60 in forward dividends for us.
Total Added Income from Dividend Raises in 2023 – $15.08
We are finally in the positive territory after that algonquin dividend cut earlier this year. Sweet…
October 2023 Dividend Income
8 Companies paid us this month.
| Stocks | October 2022 Dividends | October 2023 Dividends |
|---|---|---|
| Restaurant Brands | 105.33 (1 Drip) | sold |
| Franco Nevada | 5.07 | sold |
| Nutrien | 31.58 | 42.99 |
| Cisco | 53.20 (1 Drip) | 56.16 (1 Drip) |
| TD Bank | sold | 120.96 (1 Drip) |
| Bell Canada | 153.64 (2 Drips) | 192.53 (3 Drips) |
| Aecon | 114.52 (11 Drips) | 121.92 (10 Drips) |
| Telus | 136.46 (4 Drips) | 77.45 (3 Drips) |
| Tc Energy | 157.50 (2 Drips) | 172.05 (3 Drips) |
| Algonquin Power | 208.72 (14 Drips) | 133.28 (16 Drips) |
| Totals | 912.82 | 917.34 |
37 stocks/units Dripped in October.
Great to see these months back with some year over year growth. The payments are getting chunkier too.
If your interested check out our Previous Dividend Income Reports.
Our Drips (Dividend Reinvestment Program) added $49.36 bucks to our forward income…. sweet!
Other Income
Private Investment Payment – $1000.00
1k a month, very nice!
Solar Panel Income
In September (We always get paid a month later) our solar panel system generated 733kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $211.17 into our chequing account this month.
Last September the system generated $204.81, so we came out slightly ahead this time
Total Income for 2023 – $1,936.82
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$14,109.11
_____________________________________________
Amount to Break even —- $ —18,287.35
The sun continues shining and the income keeps coming. =)
Total October 2023 Passive Income – $2,128.51
October 2022 Passive Income – $2,117.63
A couple bucks is a couple bucks right? Count it!
Totals For 2023
Dividends Year To Date Total – $7,799.14
Other Passive Income Year to date – $12,700.66
Total Passive Income for 2023 —– $20,499.80
Year End Goal – $26,000 (78.84%)
Breaking 20k for 2023, very nice! It still amazes me getting this. Just a couple years ago we had no passive income. When I tell people about dividends they are like oh 30-80 bucks? That ain’t gonna change my life.. But its those constant 30-80$ increases that will. Don’t focus on the short term, long term you will be laughing..
October Stock Purchases
CNR – Canadian National Railway. We added more shares to our existing position. This is one of my favourite companies we own and when it yields over 2% it generally has been a good time to buy. I added 9 more shares at a cost basis of $146.92 per share.
This purchase adds $28.44 in forward dividends.
Costco – We decided to add a grocer in our portfolio. While costco is alot more than that, food is its bread and butter. It’s not a cheap stock by any means but the growth has been fantastic and I could see that continuing in the future. A simple raise on the membership fees will boost their income and that will probably happen soon enough. Personally we dont have a costco membership. Why? Because the place is just too busy. I hate their parking lot and shopping there. That says a lot. Lots of room for growth in my opinion and our portfolio could use more growth.
We went the cdr route on this one in our tfsa. I like that I’m not converting dollars and at 26 bucks per unit the kids can, and did add it to their portfolio as well. We bought 46 shares at 25.83 per unit. This adds a monster $8.79 in forward income.
Overall we added $37.32 in future dividend income. Growth and high dividend growth this month.
Total added forward dividend income from purchases in 2023 – $1,031.40
Bitcoin
I have now been buying bitcoin for a year as I started in November last year. To say its been a great investment would be an understatement.
We decided to go with shakepay because it is regulated in Canada and you shake the phone daily to get some free sats (bitcoin). They recently changed the way shaking sats is done. You get a certain amount per day now
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. Or if your a fan of the site and wanna toss me some btc my Shaketag is @hutz8 – worth a shot =)
I appreciate the support.
Financial Goals Update
Charities
Etf Monthly Minimum Purchase of $250
- This month we added 4 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.
We added a couple bucks to get 4 shares of xaw etf this month. =)
October 2023 Passive Income Conclusion
A great month overall. Im happy with how the month went and that our portfolio is back to positive year over year growth. I hope you all had a great month as well.
cheers
Enjoy the little things in life, for one day you may look back and realize they were the big things – Robert Brault
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.
