1. Investment & Portfolio Update
- Amgen Inc (AMGN) – New position
- Apple Inc (AAPL)
- Canadian National Railway (CNR.TO)
- Kinder Morgan Inc (KMI) – 1 share DRIPped
- Magna International (MG.TO)
- Main Street Capital Corp (MAIN) – New position
- Omega Healthcare Investors Inc (OHI) – 1 share DRIPped
- Toronto-Dominion Bank (TD.TO) – New position
In my wife’s portfolio, we closed position in one expensive mutual fund (listed below) and initiated positions in new more diversified and balanced ETFs. Click here to read details about my wife’s portfolio and why we chose the route of index ETFs.
- 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
- Scotia Canadian Balanced Fund – mutual fund – Closed position
Q1 is off to a great start and my portfolio saw 13 dividend increases. The companies from my portfolio increasing their dividends and details of my addition are summarized below.
2. Passive Income Update
Another quarter passed and another great quarter for passive income. The quarterly passive incomes from 2014 are a bit skewed as some of our holdings had annual distributions over the year. I owned one fund which had an annual payout in Q1 2014 and one of wife’s fund had an annual payout in Q4 2014. Nevertheless, even considering the annual payout from a year ago in Q1 2014, our passive income this quarter has a positive change with the passive income for the quarter adding up to $1,546.87.
Suffice it to say, I am very happy with the progress so far and crossing $1500 per quarter.
“Other” Passive Income
Passive income that we achieve seems to be evenly split between investments from dividend paying companies and 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 well. For Q1 2015, my other passive income totaled $858.77 (down from $934.35 from last quarter). I look forward to investing proceeds of these sources into stocks and funds to compound my growth.
3. Blog Update
The three months in the quarter saw the following figures:
- Jan 2015: Total pageviews = 11,101. Unique visitors = 3,423
- Feb 2015: Total pageviews = 11,906. Unique visitors = 3,798
- Mar 2015: Total pageviews = 12,453. Unique visitors = 4,002
The 20,000 pageviews per month remains elusive, a target that Ive been chasing for months now. The good news is that the traffic is rising slowly and heading in the right direction. I will keep working away and hope to increase my pageviews.
4. Goals Update
Right. Onto the goals that I set and see how I am progressing on that front. I set the following goals for 2015.
- Earn $5,500 in annual passive income
- My passive income YTD is $1,546.87 and I have achieved 28.12% of the goal so far. I’m really happy with this progress – as I have crossed the 25% mark in three months. I hope to keep that passive income growing, so hopefully I will be able to meet my goal this year.
- Focus on reducing debt (mortgage) – Pay down more than the minimum mortgage amount.
- We paid an extra 52% on top our mortgage dues during Q1. I don’t think we will be able to keep up with such high payments through the year, but I am happy about that progress so far.
- Maintain a 3-5% cash position in portfolio
- This goal was motivated by the fact that last year I had to pass up on some good investing opportunities due to lack of liquidity in my portfolio. I now maintain the desirable amount of 3-5% cash in our portfolios and will be able to move and take advantage of investing opportunities when they present themselves.
Re-balance portfolio with my wife’s portfolio integrated
- We sold the expensive mutual funds in my wife’s portfolio in January and have started building an ETF portfolio starting February. I am happy to say that we have now completed one of our goals for the year 🙂
- Take atleast one finance related e-course – No progress here yet. Needs attention.
- Write an e-book – No progress here yet. Needs attention.
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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.