Passive Income Update – Sep 2015

Welcome to our monthly passive income update for Sep 2015. This is part of the scorecard series where I track our dividends and other sources of passive income. I also include changes and updates related to our portfolio during the month.

Passive Income  Update

Passive income for the month of September 2015 was C$691.65. The passive income comprised of US$342.95 and C$235.53 (exchange rate is US$1 = C$1.33). Passive income this month is up 0.38% QoQ and 194.23% YoY.


With September in the wraps, our passive income YTD is $5,584.02! We have now crossed our annual goal of earning $5,500 in passive income!!! :) As you can imagine, I am ecstatic with this achievement and something that we are proud of. We had no idea that we would achieve this goal in three quarters when we were setting goals last December. We intend to let the rest of this year continue earning as usual instead of upping the goal for three months and focus on setting our sights much higher for 2016!

Continue reading

Southern Company – Rising Infrastructure Assets But Look Out For Some Challenging Quarters


The Southern Company (SO) is one of the largest utilities company in America. In August 2015, Southern Company announced that it will be acquiring AGL Resources Inc. (GAS) in an $8B cash deal. This combined company will shift Southern from being an electric-only utility company to an electric-and-gas utility company. The customer base is expected to double with this move and pushes Southern to become the second largest utility company in America (by customer count), if the deal is approved.

Electric utilities in general have seen slower sales industry-wide amid a combination of energy conservation, energy efficiency and shift towards independent power generation/natural gas usage. Coupled with the new regulations from the US government to reduce carbon emissions, electric utilities have started focusing a shift away from dirty fuels such as coal.

Southern Company still relies heavily on coal, but has started focusing on cleaner energy alternatives to meet the target. In a move to diversify and fortify its assets, the company is moving to acquire AGL Resources Inc. in a deal financed by new share and debt issuance. While this is good for the overall company’s business, in the short term (over the course of next few quarters/years) some balance sheet damage can be expected as the company takes on more debt and investors see share dilution.

Continue Reading Here >>

Why Dividend Investing

I  wrote a guest post for Devin’s blog – Dividend Chimp, sharing my ideas about dividend investing. I cover some basic reasoning and alternatives to dividend investing and my ideas about the long term mindset including some pitfalls to avoid. Be sure to check it out – the full article is available here.

Thank you for the opportunity to guest post on your blog, Devin.


Chatter Around the World – 116

Chatter Around the World is a curated weekly update of articles related to economics, investing, dividends and personal finance. In these weekly updates, I also capture my blog updates and news related to my portfolio holdings.

YTD Returns of Major Global Financial Assets

YTD Returns of Major Global Financial Assets

Image Source: Deutsche Bank

Let’s dive into the links that caught my attention this week.

Continue reading