Passive Income Update – Feb 2015

Welcome to my monthly passive income update for February 2015. This is part of the series where I track my dividends and other sources of passive income.

Passive Income  Update

Passive income for the month of November 2014 was C$503.18. The passive income comprised of US$278.21 and C$155.42 (exchange rate is US$1 = C$1.25).

Feb 2015

My passive income YTD is $1,052.16, which achieves 19.13% of my annual goal of earning $5,500 in passive income. I am extremely excited to have crossed the $1K mark in two months and am already dreaming of hitting $1K per month :)

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Bank of Nova Scotia Dividend Increase


Bank of Nova Scotia (BNS) announced a dividend increase from a quarterly amount of $0.66 to $0.68, an increase of 3%. The new dividend is payable Apr 28th, 2015 for shareholders on record Apr 7, and an ex-div date of Apr 2. Scotiabank usually announces semi-annual increases, and the last increase was 3.12% in Aug 2014.

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Outlook for March 2015


February came and went in a blink of an eye. The short month turned out to be a great month for the equity markets – with the month recording the best performance since Oct 2011. The equity indexes continue to linger at all-time highs looking for direction heading into March. The FOMC indicated that most officials would rather wait before raising rates, which of course did not come as a surprise for a lot of investors considering there were close to 20 rate cuts around the world in Jan & Feb 2015. In fact, with some good news coming later in February, the chatter of rising interest rates was heard by the Fed, who swiftly suggested that there would be forward guidance before any rate increase. Some economists are now suggesting that the rate hike could get pushed back to September. We will have to wait and see how things develop.

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Chatter Around the World – 85

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.

Emerging Markets Quilt

Emerging Markets Performance 2005-2014

New Blog Posts

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

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