Passive Income Update – Dec 2013

Welcome to my December 2013 monthly passive income update. This is part of the series where I track my monthly dividends and other sources of passive income. Passive income for the month of December 2013 was $355.57.

 

My passive income for the year of 2013 is $2,682.27, much higher than my initial goal of $2,000 as I invested heavily over the course of summer and added additional sources of passive income. My annual income saw a jump of over $1,000 from my 2012 total of $1,647. Suffice it to say that I am very pleased with my progress and set a higher goal for 2014. Read details about my 2014 goals here.

 

Passive income contributing entities:

Stocks:

  • Archer Daniels Midland (ADM)
  • Chevron (CVX)
  • CHS Inc (CHSCP)
  • Cineplex Inc (CGX)
  • Inter Pipeline Ltd (IPL)
  • Johnson & Johnson (JNJ)
  • Qualcomm Inc (QCOM)
  • RioCan REIT (REI.UN)
  • The Jean Coutu Group (PJC.A)
  • The Southern Company (SO)
  • Thomson Reuters (TRI)
  • Wells Fargo & Co (WFC)
Funds:
  • Vanguard Total International Stock ETF (VXUS)
  • BMO Equal Weight Utilities Index ETF (ZUT)
  • CI Signature High Income fund (mutual fund)
Other:

  • Advertising revenue from this blog
  • MBNA Smartcash credit card cashback
  • Interest on cash positions

Three of my funds (CLF, CUD and FIE.A) rolled over past the Dec 31st date and will be payed in January instead.

Initiated positions
I initiated a position in Realty Income Corp (O). Realty Income Corp is a REIT that invests in commercial real estate across the US. Click here and here to read more details about this investment.

Added positions

I add monthly to my positions in: iShares Canadian Financial Monthly Income Fund (FIE.A), Claymore S&P US Dividend Growers ETF (CUD), CI Signature High Income (mutual fund), CI Global Health Sciences (mutual fund) and The Bank of Nova Scotia (BNS).
My full list of holdings can be found here.

6 thoughts on “Passive Income Update – Dec 2013

  1. You crushed that 2013 dividend goal R2R. I see you’re invested in ADM. What are your thoughts on ADM going forward? I was so sick of management destroying capital and granting themselves huge stock options, that I sold out last month. I’m curious if you see anything particular you like, or if it’s part of your diversification strategy?
    -Bryan

    • Hi Bryan,
      Thanks for the comment. I think its pretty standard practice that management grant themselves huge stock options. I see this across the board in all sectors of the economy – from banking to technology to industrials. Granted the jump is bigger at ADM this year and the management compensation has almost doubled in the last 5 years..I still think its a great company to own.
      The fundamentals are sound: low debt, proven dividend grower for decades and a very important part of the economy.

      My initial investment in this started off when I wanted to own a food company as part of diversification exercise – but instead of owning names like cereal makers, beverage makers etc, I decided to go to the source of the food business – the agricultural business…although it comes with its own risks such as weather etc. Considering the amount of lobbying power they have (through the FDA), the subsidies they receive, the reliance of so many other industries on them, I decided to go with ADM.
      I wouldnt sell ADM and am actually considering increasing my position if I see a good buying opportunity.

      Hope that helps.

      cheers

Leave a Reply

Your email address will not be published. Required fields are marked *