Passive Income Update – Jan 2014

Welcome to my January 2014 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 January 2014 was $306.46.

 

I am very happy with with the start to this year’s passive income being 89.85% higher than a year ago (Jan 2013 passive income was $161.42). This passive income achieves 7.66% of my 2014 goal of $4,000.

Passive income contributing entities:

Stocks:

  • BCE Inc (TSE: BCE)
  • Cineplex Inc (TSE: CGX)
  • Inter Pipeline Ltd (TSE: IPL)
  • Medtronic Inc (MDT)
  • Realty Income Corp (O)
  • RioCan REIT (TSE: REI.UN)
  • The Bank of Nova Scotia (TSE: BNS)
Funds:
  • BMO Equal Weight Utilities Index ETF (TSE: ZUT)
  • BMO S&P/TSX Capped Composite Index ETF (TSE: ZCN)
  • CI Signature High Income Fund (mutual fund)
  • Claymore S&P US Dividend Growers ETF (TSE: CUD)
  • iShares 1-5 Yr Laddered Government Bond Fund (TSE: CLF)
  • iShares Canadian Financial Monthly Income Fund (TSE: FIE.A)
  • Scotia Diversified Monthly Income Fund (mutual fund)
  • Vanguard US Total Market Index ETF CAD Hedged (TSE: VUS)

Other:

  • Advertising revenue from this blog
  • Interest on cash
  • MBNA Smartcash cashback credit card
  • Seeking Alpha
Roadmap2Retire saw a spike in traffic after my Recent Buy series were featured on Seeking Alpha resulting in increased revenue from advertising. In addition, I wrote my first premium article for Seeking Alpha making my “other” passive income source larger than the average of the past few months. I would also like to acknowledge the support of the blogging community resulting in the increased pageviews.

Portfolio Update

Over the course of the month, I have initiated, added and closed some positions. The following are the details of my portfolio changes.

 

Initiated position
I initiated a new position in Kinder Morgan Inc (KMI). Kinder Morgan Inc owns and operates energy transportation and storage assets in US and Canada. Click here to read the details about my investment and reason behind my decision.
Added positions
I added to my positions in:

Closed position
As part of my portfolio rebalancing action item, I sold my bond positions in iShares 1-5 Yr Laddered Government Bond Fund (TSE: CLF) reducing my total bond asset allocation from 16.8% to 13.3%. Details here.

My full list of holdings can be found here.

12 thoughts on “Passive Income Update – Jan 2014

    • Thanks FIFighter.
      I made great progress in 2013 but have depleted my cash reserves. Building that cash reserve is my immediate goal for now…in time to buy more equities during the May/June selloff.

      regards

    • writing2reality,
      Thanks for stopping by and the comment. It sure has been and I am hoping to keep the momentum going. As I mentioned in the post, its bloggers like you and the rest of the community who have helped spread the word and I appreciate the support.

      Best wishes

  1. Great month of dividends, great month for the blog/writing/ Lots to like here. That’s great that in a slow month for dividends you were almost able to cover 1/12th of your annual target. I expect you’ll be able to beat your goal pretty handily if you continue to write for SA. I wrote one article on SA but it was a premium article. I was surprised to see how many pageviews the CVX article got and now I’ve got a premium article waiting to be approved/posted. Hopefully that goes out later today. Great start to 2014!

    • Thanks PIP.
      It has been a good progress for sure. Congrats on the first article on SA and for completing the upcoming one as well. I will be looking forward to it.
      I am writing my second one for SA and should be able to complete it this weekend.
      Heres to a successful 2014!

      cheers

    • Hi D-S,
      Thanks for the words of encouragement. $300 is a sizeable passive income and I can definitely start reinvesting it back to grow my portfolio more.

      Interestingly, my third highest traffic source (after US and Canada) is from Germany. Im sure your blog has helped drive some of that traffic..so, a special thank you to you 🙂

      Best wishes

    • Thanks for stopping by and the comment, Mark.
      Yes it was a nice dividend increase from BCE. Telus has already announced that they will be increasing dividends semi-annually over the next couple of years. I wonder if BCE is going the same route…

      MDT has had some weakness during the current selloff and due to failed trials. Still a great long term play. I am looking to pick some up after I replenish my cash reserves.

      regards

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