Passive Income Update – Jul 2017

Welcome to our monthly passive income update for July 2017. 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 overall progress.

Passive Income  Update

Passive income for the month of July 2017 was C$609.00. The passive income for the month comprised of US$296.15 and C$238.81 (exchange rate is US$1 = C$1.25).

Passive income change is +2.4% QoQ and -19.8% YoY for the month. The passive income YTD is $4,835.77 and achieves 48.3% of our annual goal of earning $10K.

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Recent Buy – B2Gold

A quick update on recent activity in our portfolio.

This week’s drawdown allowed me to add to my position in B2Gold Corp (BTO.TO)(BTG). I hold both US and Canadian listed stocks in my portfolio, and in this instant, since I had more US$ available, I added to my US listed entity. I added 500 shares of B2Gold Corp (BTG) @ US$2.55.

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Outlook for August 2017

Markets continue their march higher, although some cracks are starting to appear. Amazon, one of the big five that is shouldering this stock market missed big time with their recent quarterly earnings, missing earnings by a massive 77%. There are other major issues on the horizon as well, with margin accounts sitting at record, auto-loan delinquencies piling up, household debt load skyrocketing, pensions debacle starting to unwind, US debt-ceiling on track to hit early October and many many more. Even with all these macro risks, investors continue to pile into the stock market and the volatility gets suppressed to a record low level. The following tweet illustrates how low the volatility currently is. Calm before the big storm?

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