Passive Income Update – Feb 2015

Welcome to my monthly passive income update for February 2015. 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 Feb 2015 was C$503.18. The passive income comprised of US$278.21 and C$155.42 (exchange rate is US$1 = C$1.25).

Feb 2015

My passive income YTD is $1,052.16, which achieves 19.13% of my annual goal of earning $5,500 in passive income. I am extremely excited to have crossed the $1K mark in two months and am already dreaming of hitting $1K per month 🙂

Passive income contributing entities:

Stocks:

  • Apple Inc (AAPL)
  • AT&T (T)
  • Cineplex Inc (CGX.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Kinder Morgan Inc (KMI)
  • Omega Healthcare Investors Inc (OHI)
  • Realty Income Corp (O)
  • RioCan REIT (REI.UN.TO)

Funds:

  • BMO Equal Weight Utilities Index ETF (ZUT.TO)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • Scotia Diversified Monthly Income Fund (mutual fund)

Other:

The breakdown of my passive income contributing entities is: dividends from stocks and funds totaled $249.47 and other passive income totaled $253.71. Read more about why I consider this a passive income in Passivity Index post.

Portfolio Update

Dividend Increases

February 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.

We initiated new positions in my wife’s portfolio. Details about the ETF portfolio and the combined strategy can be found here.

  • BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) *New position*
  • Vanguard FTSE All World Ex-Canada Index ETF (VXC.TO) *New position*
  • BMO Aggregate Bond Index ETF (ZAG.TO) *New position*

Our full list of holdings is available here.

< Passive Income

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35 thoughts on “Passive Income Update – Feb 2015

  1. Great month! Looks like your “other” passive income just barely surpassed your dividend income too. Your diversification strategy is literally paying off, good job.

    – HMB

    • HMB,
      Yes, thats been the trend lately – the other income is making a significant contribution to my income stream. All those funds get diverted straight into my investment accounts – so, that should compound nicely.

      cheers
      R2R

  2. JC says:

    Solid month R@R. $250 in dividends and $250 from other sources is really great. And kudos for crossing the $1k mark already in just two months. I think you’ll easily pass the $5.5k mark for the year in combined passive income. Best of luck in March!

    • Thanks JC. The other income definitely helps in compounding – I divert all of that into my investments and those are starting to show fruit now.

      Thanks for stopping by and the wishes
      R2R

  3. Congrats on having an excellent month. Looks like your income from dividend and other sources was about a 50-50 split. That’s a good sign that your passive income stream is diversified.

  4. Crushing it R2R. You’re ahead of pace and haven’t even hit the traditionally biggest month of a quarter. Based on your current rate, I’d imagine you’ll blow through your goal well before the end of the year.

    Keep up the good work!

    • Actually, my biggest month is the second month of the quarter…but Ive been noticing that my purchases recently means that the other months in the quarter are also catching up.

      cheers
      R2R

  5. Already $1052? I think you are on the right track to reach $5500 of dividend income. I have a long way to go but excited for the journey to catch you guys up in strengthening dividend income.

    Cheers,

    BSR

  6. 1K in two months is beyond impressive, sir. Love all the work on your portfolio over the month and I’m so happy to see your ‘other income’ increasing too, it’s very well deserved! Thanks for sharing!

    • Thanks for the words of encouragement, Ryan. I keep socking away and building my income stream. Its my main goal with investing as I have shared before – I dont care if the market goes up or down, whether my stocks did better or worse than the market in general … all I care about is increasing my income stream 🙂 That seems to be what I am achieving…so Im happy with the progress.

      Best wishes
      R2R

  7. R2R,

    Great month, bud. Looks like the other income is doing some heavy lifting for you. You’re on pace for a great year of dividend income as well…maybe north of $3,500? Keep it up!

    Best regards.

    • DM,
      Yes, the other stream is doing equal to heavy lifting in my income stream. My goal is for 5500, and I think its achieveable if the rest of the year turns out to be anything like the first two months.

      cheers
      R2R

  8. R2R,
    Congrats on another great month of dividends. Over $1000 in 2 months is super impressive. At this rate, combined with dividend increases and additional investments, you will be meeting your goal with months to spare.

    • DGJ,
      I think you are right…I will probably achieve my goal with months to spare…so, I may have to raise my target. A good problem to have, for sure 🙂

      Thanks for stopping by
      R2R

  9. I see a problem here – your yearly goal is set way too low! You’re already 20% of the way there! 🙂

    Another fantastic month. Earning $1,000 in passive income in a month is going to become a reality soon!

    • Thanks for stopping by and the wishes, Seraph. I will up the goal after summer if it seems like I am going to fly by.

      I cant wait until the $1K per month becomes a reality. Currently, I have my eyes set on that goal to be achieved by 2021…hopefully Ill get there sooner.

      cheers
      R2R

  10. Roadmap,

    YOur first two months have been phenomenal. On top of that – you had a lot of great dividend increases summarized which provide all the bank for their buck. What’s great is your consistent contributions to your portfolio with positions you have and new ones.

    Great job, all the way through and through. Cheers to a blessed March!

    -Lanny

  11. R2R

    Another great month in the books! And you’re boasting two of the highest passive income months I’ve seen so far, great job. That income will go a long way to create even more passive income in the future.

    Keep it up,
    NMW

    • Thats right, NMW. I include my other sources as well – and Im sure other bloggers make more, but dont include the totals. The other sources help in building up the portfolio eventually.

      Thanks for stopping by
      R2R

  12. Don’t you just love it when stocks DRIP?

    Great start to the year and good of you to index your wife’s portfolio…you can benchmark a bit this way 🙂

    Happy investing, stay in touch,
    Mark

    • I sure do, Mark. DRIP and forget is a great strategy. I will be DRIPping more in the future if I have enough stocks for synthetic drips.

      We have started off with the ETF portfolio, but I am considering adding another element to it to get some better diversification. It is a good way to benchmark. Thanks for stopping by….I’ll be sure to stop by and comment on yours 🙂
      R2R

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