1. Investment & Portfolio Update
- Amgen Inc (AMGN)
- Bank of Nova Scotia (BNS.TO)
- Johnson & Johnson (JNJ)
- Kinder Morgan Inc (KMI) – 1 share DRIPped
- Power Corporation of Canada (POW.TO)
- Ventas Inc (VTR)
During the quarter, I closed my position in:
In my wife’s portfolio, we continued adding to the positions in the following 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)
- Vanguard FTSE All World Ex-Canada Index ETF (VXC.TO)
- BMO Aggregate Bond Index ETF (ZAG.TO)
Q2 saw 9 dividend increase announcements in my portfolio. The companies from my portfolio increasing their dividends and details of my portfolio changes are summarized below.
2. Passive Income Update
Another quarter passed and another great quarter for passive income. I am ecstatic to have crossed the $2000 mark in passive income for the quarter.
Suffice it to say, I am very happy with the progress so far in getting so close to $2K per quarter. I am hoping to cross that mark next 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 Q2 2015, my other passive income totaled $1,176.51 (a first, having crossed $1K per 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:
- Apr 2015: Total pageviews = 13,261. Unique visitors = 4,310
- May 2015: Total pageviews = 14,079. Unique visitors = 5,254
- Jun 2015: Total pageviews = 15,726. Unique visitors = 6,293
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 steadily rising and heading in the right direction, having now crossed the 15K pageviews per month in blog traffic. 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 $3,506.96, which achieves 63.74% of the annual goal. Couldn’t be happier with this progress. I hope to keep that passive income growing, and am on track to meet and exceed my goal this year.
- Focus on reducing debt (mortgage) – Pay down more than the minimum mortgage amount. .
- In Q1, we paid an extra 52%. In Q2, we managed to pay an extra 33%. So far in 2015, we have put 42.5% extra towards our mortgage dues.
- 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. We now maintain well above the target 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(completed in Q1 2015)
- 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
- I am taking this online course from Coursera – The Power of Macroeconomics: Economic Principles in the Real World by Dr. Peter Navarro from University of California, Irvine. I just started this course a couple of weeks ago, so I don’t have a comment yet. I will be sure to include a review/comment once I complete it.
- Write an e-book – No progress here yet. Needs attention.
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.