Passive Income Update – Sep 2016

Welcome to our monthly passive income update for September 2016. This is part of the scorecard series where we track our dividends and other sources of passive income. We also include changes and updates related to our investments during the month – showing the growth of our dividends going forward.

Passive Income  Update

Passive income for the month of September 2016 was C$660.30. The passive income for the month comprised of US$353.92 and C$196.66 (exchange rate is US$1 = C$1.31).

Passive Income Update - Sep 2016

 

Passive income change is -42.64% QoQ and -4.53% YoY for the month. The passive income YTD is $6,538.33, which achieves 72.64% of our annual goal of earning $9K.

It looks like I am pretty close to the 75% mark, but I will most likely fail to reach my goal of $9K for the year. As most regular readers are aware, I sold off a big part of our portfolio and continue with more sales which drops our forward dividend income. Dividend income plays a big part in our overall passive income sources. I am personally ok with failing to reach this goal for the year, as I wanted to take some money off the table.

 

Passive Income - Sep2016

Passive income contributing entities:

Stocks:

  • Archer Daniels Midland (ADM)
  • Brookfield Infrastructure Partners LP (BIP.UN.TO)
  • Canadian National Railway (CNR.TO)
  • Canadian Utilities Ltd (CU.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Johnson & Johnson (JNJ)
  • Magna International (MG.TO)
  • Silver Wheaton Corp (SLW.TO)
  • Ventas Inc (VTR)

Funds:

  • BMO Aggregate Bond Index ETF (ZAG.TO)
  • Scotia Diversified Monthly Income Fund (mutual fund)
  • Vanguard FTSE All-World Ex-Canada Index ETF (VXC.TO)

Other:

The breakdown of our passive income contributing entities: dividends and options premium totaled $760.33 and other passive income totaled $390.74. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Update

Dividend Increases

September saw no dividend increase announcement in our current holdings.

Added Positions

I added to my positions in

Closed Positions

Following positions were closed.

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

Disclosure: Our full list of holdings is available here.

< Passive Income

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10 thoughts on “Passive Income Update – Sep 2016

  1. JC says:

    That’s still a hefty passive income amount considering the sales you’ve been making. Given that you’ve sold off a good chunk of your dividend payers are you planning on updating your goals to reflect that? Or are you still shooting for $9k?

    I trimmed a position yesterday although it was mainly due to nearly a double in price appreciation and that it’s weight was higher than I’d like rather than a pure valuation issue. I hope to deploy that cash via some options unless we start to get some volatility in the markets then of course I’d love to invest it for the long haul.

    All the best.

    • Looking forward to see which one you trimmed, JC.
      Yeah..thats a decent passive income amount considering that I sold off and reduced my dividend income. I am still seeing some good traction from other sources such as affiliate marketing, which brought those numbers up a bit.

      Best
      R2R

  2. Thanks for the update!!i totally agree it’s best to focus on safety of principal rather than pursue your $9k goal at any cost.thats good discipline, which I think matters the most in the long term.

    • Hi Jay,
      Yeah I am not too concerned about missing that $9K goal. If I get to it, so be it…but if I miss it by a few hundred dollars, so what? Principal safety is a bigger concern for me right now.

      Hope you had a great Sep as well. Thanks for stopping by and commenting.
      R2R

  3. That’s a very solid total for the month despite a small year over year decline. Thanks for sharing your recent update and if you ever want to stir the pot some more just keep posting ‘sell’ articles 🙂

  4. Considering you’ve sold a lot of your portfolio, I think that’s a wonderful amount of income – you got almost the same as last year. Yet your financial position is much stronger, which is very awesome.

    Good to see you’re still doing your Seeking Alpha articles 🙂

    Tristan

  5. Echoing what the others have said. This is a great monthly dividend total, considering you’ve been on a selling spree. I saw the same thing over at my site. My dividends are down for sure, but not as low as I thought they would be. I’m really happy I sold a bunch of stock.

    • Thanks IH.
      Its good to see some income roll in — albeit not as much from dividends as before. Dividends are only one way to generate income and I am agnostic to how my income is generated over the course of months.

      Hope you had a great Sep too.
      R2R

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