Quarterly Update – Q2 2014

Welcome to my quarterly update for Q2 2014. This is part of  a series where I track my progress on a quarterly basis. I present three parts in this series: (i) Investment Update, (ii) Passive Income Update and (iii) Blog Update.

1. Investment Update

I initiated/added to the following positions during Q2 2014.
  • General Electric Company
  • The Bank of Nova Scotia (BNS.TO) – monthly DRIP
  • Claymore S&P US Dividend Growers ETF (CUD.TO) – monthly contribution
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO) – monthly contribution
  • Scotia Canadian Balanced Fund (mutual fund) – monthly contribution
The biggest purchase yet has been the house we bought. We were looking for a house over the past few months and finally found a house that fit plenty of our criteria and made the decision to buy it in May. This means that we will be moving a big part of our net worth from our investments to the house as part of our downpayment.I closed my positions in my mutual fund holdings. After a work-item on my list for the past two years, I finally pulled the trigger on selling the expensive funds that were in my holdings. In addition, I sold a couple of other holdings.

2. Passive Income Update

Passive income for the quarter was $951.18. To reach my 2014 goal of $4,000 in passive income, I need to earn $1,000 per quarter…I seem to have fallen a bit short this quarter and I expect the next two quarters to be similar as we are moving our assets from investments to home purchasing. I am not yet certain if I will be able to meet my target of $4,000, but the big payout in Q1 definitely helps.
    Year
Q1

(Jan – Mar)

 Q2 

 (Apr – Jun) 

Q3

(Jul – Sep)

Q4

(Oct – Dec)

2013 $383.65 $516.32 $718.33 $1,063.97
2014 $1,322.47 $951.18

My passive income YTD is $2,273.65. To put things into perspective, I have already passed my total passive income from 2012 ($1,647) and getting close to my 2013 final number ($2,682). See my progress here.

Most of the my passive income comes from my investments in dividend paying companies, but part of the growth in passive income also came thanks to what I call other sources of passive income, which includes cash back rewards credit card, advertising revenue from this blog, interest on cash and writing premium articles for Seeking Alpha. As you can see from the chart below, my other category has performed fairly well. For Q2 2014, my other passive income totaled $344.77 (down from $426.17 from last quarter). I look forward to investing proceeds of these sources into stocks and funds to compound my growth.

I realize that some of my sources of passive income are not completely passive, as it requires me to put some time and effort into it. However, I consider these sources to be semi-passive and I wrote an article to capture my thoughts on the scale of passivity of each income type. Be sure to check it out in Passivity of Income.

3. Blog Update

Pageviews
My blog traffic has seen a bit of a drop after the rise in Q1. The three months in the quarter saw the following figures:

  1. Apr 2014: Total pageviews = 18,978. Unique visitors = 3901
  2. May 2014: Total pageviews = 13,502. Unique visitors = 2351
  3. June 2014: Total pageviews = 14,801. Unique visitors = 2973

I set myself a goal at the end of last quarter of reaching 20,000 pageviews per month consistently, which I have failed at. I will have to continue building my contacts to engage readers and try to get those numbers back up in the following quarters. My short term goal remains reaching 20K pageviews per month consistently.

Yakezie
In February, I joined the Yakezie challenge. This is a self-regulating challenge that bloggers set to reach a higher rank in the Alexa ranking system. When I signed up, my blog’s global rank was 565,407. My goal is get into the top 200,000 in six months since I signed up (deadline is Aug 11, 2014).

    • Feb 11, 2014 (Alexa signup): Rank #565, 407
    • Mar 31, 2014 (End of Q1): Rank #507,468
    • Jun 30, 2014 (End of Q2): Rank #289,318
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That’s all folks! Thanks for reading. Be sure to leave a comment at the bottom – I love to hear from the readers on your thoughts and opinions.

4 thoughts on “Quarterly Update – Q2 2014

  1. Congrats on a great quarter and the purchase of a home! There are certain things that aren’t a complete need and also expensive but increase happiness greatly. A house is one of those things for me. It could also be a decent investment if the market continue the upwards trajectory and you see it some day. Keep up the good work!

    • Thanks AAI. We are trying to view the home purchase not as an investment. I hear what you are saying and I think that it could result in a decent investment over the long run. Even if there is a correction, we will continue to hold through the dips as we dont anticipate moving out.

      Thanks for the wishes. Hope things are well.
      R2R

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