Passive Income Update – Jul 2015

Welcome to my monthly passive income update for July 2015. This is part of the scorecard series where I track my dividends and other sources of passive income. I also include changes and updates related to my portfolio during the month.

Passive Income  Update

Passive income for the month of July 2015 was C$711.62 — an all time high! 🙂  The passive income comprised of US$342.04 and C$266.97 (exchange rate is US$1 = C$1.30).

chart-Jul2015

With this, my passive income YTD is $4,218.59, which achieves 76.7% of my annual goal of earning $5,500 in passive income. I am extremely happy with this progress and the milestone of crossing $4K mark.

Passive income contributing entities:

Stocks:

  • Agrium Inc (AGU.TO)
  • Bank of Nova Scotia (BNS.TO)
  • BCE Inc (BCE.TO)
  • Cineplex Inc (CGX.TO)
  • General Electric (GE)
  • Inter Pipeline Ltd (IPL.TO)
  • Main Street Capital (MAIN)
  • Realty Income Corp (O)
  • RioCan REIT (REI.UN.TO)
  • Toronto-Dominion Bank (TD.TO)

Funds:

  • BMO Aggregate Bond Index ETF (ZAG.TO)
  • BMO S&P/TSX Capped Composite Index ETF (ZCN.TO)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • Scotia Diversified Monthly Income Fund (mutual fund)
  • Vanguard FTSE All-World Ex-Canada Index ETF (VXC.TO)

Other:

The breakdown of my passive income contributing entities: dividends from stocks and funds totaled $223.29 and other passive income totaled $488.33. Read more about why I consider this as passive income in Passivity Index post.

Portfolio Update

Dividend Increases

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

Added Positions

July was a really busy month in my portfolio with more than usualy amount of purchases. We initiated/added to the following stocks

In addition, we continued adding to my wife’s portfolio’s positions in the following ETFs. Details of our combined portfolio strategy can be found here.

  • 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)

That’s all folks! Hope you had a great July as well. Be sure to share your thoughts, comments or concerns below. I love hearing from the readers.

Disclosure: My Full list of holdings is available here.

< Passive Income

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22 thoughts on “Passive Income Update – Jul 2015

  1. Great month R2R! And just think, in three months you will probably break that record again as you will have AQN’s dividends being paid out as well! You’re also really rocking that passive income from writing as well! Any tips on that?

    • Thanks DW. I hope to keep investing away as much as I can…although July was a really busy month with a lot more investments than usual. Passive income from other activities will probably flatten out. Seeking Alpha has a good program for writing exclusive articles that pay out a decent amount. Let me know if you have any specific questions.

      cheers
      R2R

  2. R2R,

    Congrats on another great month over there. That “other” income is really starting to pile up for you. You guys are having a great 2015 thus far. Excited to see how things finish up. 🙂

    Cheers!

  3. R2R,

    Congratulations on your all-time high! Massive income already, keep it up. You’re set to crush your goal this year.

    I’m also glad to see you invested in Qualcomm. I believe it’s highly overlooked by most dividend growth investors as it could become – or already is – the next Intel for mobile platforms. And even if they’re not as dominant as Intel is in the x86 space, they’re still set to do well over the long-term.

    Cheers,
    NMW

    • Thanks for the wishes, NMW.
      I agree that QCOM is pretty misunderstood – esp right now….ppl are talking as if its the end of the mobile period and I absolutely disagree with that viewpoint. QCOM has been the leader and the growth will continue in the coming years and decades.

      Best
      R2R

  4. Inspirational update as usual. Congrats on achieving that nice dividend income mark. Crossing $4K for the year is very impressive as well. Love the updates and seeing where that passive income is coming from. Still loving those Canadian banks TD and BNS!

    • Thanks DivHut. Its great to have crossed that $4K mark by July of the year! Good to see that you are investing in the Cdn banks – they are offering some fantastic yields currently.

      cheers
      R2R

  5. Sridhar says:

    Hi R2R,
    This is an interesting blog and I share a similar passive investing philosophhy.
    Ive been researching a strategy of investing for dividend income. I found dividend etf investing as a good starting point because im looking for regular income stream as well as lesser risk. What are the pros and cons of this div etf strategy compared to picking div stocks directly? If you can share your experience it would be great.

    • Hi Sridhar,
      Welcome and thanks for reading the blog. Dividend ETFs can be a good starting point until you figure out the strategy you want to follow. It gives you instant diversification for low cost and thats hard to achieve if you simply start buying stocks out of the gate. However, there are obviously some cons to go with the pros. I listed a few problems that I find with using ETFs for investing needs. You can find that post here: http://roadmap2retire.com/2015/04/the-problem-with-etfs/

      Feel free to share your thoughts on that post – I will be happy to answer any questions you may have.
      R2R

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