Passive Income Update – Oct 2014

Welcome to my monthly passive income update for October 2014. 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 October 2014 was CA$585.09. The passive income comprised of US$302.82 and CA$242.90 (exchange rate is US$1 = CA$1.13).

Passive Income Oct 2014

My passive income YTD is $3,914.52 and achieves 97.86% of my 2014 goal of $4,000. Its a goal that I was expecting to reach either in late November or early December, but a great month of passive income generation in October has brought me within a whisker of the $4K goal I set for myself.

Passive income contributing entities:

Stocks:

  • Agrium Inc (AGU.TO)
  • BCE Inc (BCE.TO)
  • Cineplex Inc (CGX.TO)
  • General Electric Company (GE)
  • Inter Pipeline Ltd (IPL.TO)
  • Medtronic Inc (MDT)
  • Realty Income Corp (O)
  • RioCan REIT (REI.UN.TO)
  • Rogers Communications Inc (RCI.B.TO)

Funds:

  • BMO Equal Weight Utilities Index ETF (ZUT.TO)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • iShares US Dividend Growers Index ETF (CUD.TO)

Other:

My “other” passive income has grown by leaps and bounds due to the popularity of the new articles published. The breakdown of my passive income contributing entities is: dividends from stocks and funds totaled $199.03 (1/3 of my passive income this month) and other passive income totaled $386.06 (the remaining 2/3 passive income for the month). Read more about why I consider this a passive income in Passivity Index post.

Portfolio Update

Dividend Increases

October saw dividend increase announcement from the following in my current holdings.

Added Positions

Over the course of the month, I added to the following securities to my portfolio.

  • Apple Inc (AAPL) *New position*
  • Chevron Corp (CVX)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • iShares US Dividend Growers Index ETF (CUD.TO)
  • Scotia Canadian Balanced Fund (mutual fund)
  • The Bank of Nova Scotia (BNS.TO)

My full list of holdings is available here.

< Passive Income

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24 thoughts on “Passive Income Update – Oct 2014

  1. Whoa! 2 months to go and only 2.5% of your passive income goal left to earn! I’ll be honest, I had never thought of setting an annual goal for passive income, I’ve only set monthly. Definitely have to think about doing that in 2015!

    • The passive income from dividends is easy enough to figure out since they are either constant or growing (since I mostly invest in dividend growing companies). But the other sources of passive income are more variable – so theres a bit more ups and downs. Its great to set long term goals and work towards it, but monthly goals are great too. I like how you set pageviews and other projects on a monthly basis. Keep up the great work and thanks for stopping by.

      cheers
      R2R

  2. JC says:

    Great job R2R! It’s nice to see you earning some coin from online sources. When I was writing more on SA my income was pretty solid. Nothing to live off of by any means but it helped out. Awesome to see you already nearing your $4k goal. With 2 months left you should pass that quite handily.

  3. Good work! Its great to have multiple sources income. I have been looking for an additional way of making money (Aside from dividends + job). I am thinking of doing some tutoring in Computer Science (I’m a software engineer).

    Keep up the good work! With two months remaining you are going to smash your goal! Congratulations!

    Take care!

    • ILG,
      Thats the key. In addition to diversification in investments and portfolios – its also good to diversify income sources. You never know how things change and its good to have a safety net. I am a software engineer myself – and just earlier this week, we had layoffs in our company. I survived the chopping block, but it was a reminder that I need to stay focused on building my other income streams and diversify just in case of losses.

      Thanks for the complements. Wish you the best in your side hustles.
      R2R

    • Haha thats right..I thought $4000 was beyond my reach a year ago, but here we are. I am thinking maybe $5K…I’ll be sure to decide and post my goals on the blog soon.

      Thanks for the wishes
      R2R

  4. R2R,

    Great job! Awesome work across the board. The “other” passive income is especially stealing the show. 🙂

    Looks like you’ll easily exceed your goal, which is fantastic. You’re setting yourself up for a very nice 2015.

    Keep it up!

    Best wishes.

    • It is, DM. Dividends are simply one source of income on my path to financial independence. I started adding other sources last year and am quite pleased with how much I have managed to grow that over the year.

      Thanks for stopping by and the wishes
      R2R

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