Passive Income Update – Jul 2014

Welcome to my July 2014 monthly passive income update. This is part of the series where I, as a dividend growth investor, track my monthly dividends and other passive income sources. Passive income for the month of July 2014 was $327.11.
Starting Apr 2014, I have decided to differentiate the different currencies when reporting my passive income. For this month, my passive income is US $42.79 and CA $280.47 and the exchange rate is $1 USD = $1.09 CAD. 

My passive income YTD is $2600.76 and achieves 65% of my 2014 goal of $4,000. This month’s passive income is 39.72% higher than a year ago (Jul 2013 passive income was $234.11).

Passive income contributing entities:

Stocks:

  • BCE Inc (BCE.TO)
  • Cineplex Inc (CGX.TO)
  • General Electric (GE)
  • Inter Pipeline Ltd (IPL.TO)
  • Medtronic Inc (MDT)
  • Realty Income Corp (O)
  • RioCan REIT (REI.UN)
  • Rogers Communications Inc (RCI.B.TO)
  • The Bank of Nova Scotia (BNS.TO)
Funds:
  • BMO Equal Weight Utilities Index ETF (ZUT.TO)
  • Claymore S&P US Dividend Growers ETF (CUD.TO)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • Scotia Diversified Monthly Income Fund (mutual fund)

Other:

  • Advertising revenue from this blog
  • Interest on cash
  • MBNA Smartcash cashback credit card
  • Seeking Alpha
My “other” sources of passive income have been growing this year as part of my plan to grow that revenue stream in 2014. The breakdown of my passive income contributing entities is shown below: my dividends totaled $163.64 and my other passive income totaled $163.47 in July. Thanks to a huge cash position that we held for the downpayment of our house, we had a bigger than usual interest earnings in July – which got clubbed into the other category.

Portfolio Update

Dividend Increases

July saw dividend increase announcements from the following in my current holdings.


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

 

Added positions
I initiated/added to my positions in:

  • Agrium Inc (AGU.TO)
  • Claymore S&P US Dividend Growers ETF (CUD.TO)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • Qualcomm Inc (QCOM)
  • Scotia Canadian Balanced Fund (mutual fund)
  • The Bank of Nova Scotia (BNS.TO)
Closed positions
We closed positions in the following

  • CHS Inc (CHSCP)
  • Claymore S&P US Dividend Growers ETF (CUD.TO) – partial close
  • Scotia Canadian Balanced Fund (mutual fund) – partial close

My full list of holdings can be found here.

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20 thoughts on “Passive Income Update – Jul 2014

  1. Hi R2R, looks to a nice month! What kind of Ad revenue do you receive as part of your other passive income? If you dont want to share this info, that’s understandable of course, just curious 🙂

    Good luck in the coming month!

    • Thanks W2R. I sure hope so…I saw quite a drop in my portfolio as we pulled some of our funds for the home purchase. Hoping to build that income stream back up.

      Thanks for stopping by
      R2R

  2. Thanks for the update. As a fellow Canadian I find it downright annoying in converting currencies for records sake. In fact I just bundle them together to save me some time and sanity.lol. Anyways your income is looking good and I like how you diversify your income streams.

    Good Day and Grind On!

    • Hey A-G, Yeah I hear ya. I used to do the same until this spring and then decided to fix all my spreadsheets to account for the different currencies.
      I’d like to diversify my income even more – if you have any ideas, shoot em my way 🙂

      R2R

    • Thanks for the complement, PolliesDividend and thanks for the Liebster award nomination – I was nominated by DividendDream yesterday and I will try and incorporate your questions as well in my post.

      regards
      R2R

    • Hey Tawcan,
      I started doing the conversion in Apr and so far – I dont find it very inconvenient. It was a bit of work on my spreadsheets to calculate and track the units, but Im all set now and the tracking is pretty much automatic.

      Thanks for stopping by
      R2R

    • Yeah I thought about doing conversion but I think it’s better to gauge the actual total dollar amount. Also, if the currency rate changes significantly it kind of gives you a false sense to how much you’re actually receiving. Just saying. 🙂

    • Agreed. My account holds the funds separately in USD and CAD and I still track them separately. The motivation for the conversion was for that final number calculation and the progress charts.

  3. Solid month R2R! $160 in dividends and $160 in other sources is great. I’ll be checking out that video when I get to a different internet connection. Work computers has them blocked. Although from the title of it I’m sure we’re in for a wild ride.

  4. Looks like you are doing a great job and moving right along towards your yearly goal! I have to check out all of your holdings now as I’m curious. Also, wouldn’t mind talking to you about the ad revenue if you don’t mind. Is it mostly just from AdSense?

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