Passive Income Update – Aug 2017

Welcome to our monthly passive income update for August 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 August 2017 was C$821.17. The passive income for the month comprised of US$296.63 and C$453.35 (exchange rate is US$1 = C$1.24).

Passive income change is -7.4% QoQ and 50.3% YoY for the month. The passive income YTD is $5,656.56 (not a typo 🙂 ) and achieves 56.5% of our annual goal of earning $10K.

Income Sources

Passive income contributing entities:

Stocks:

  • Bank of Montreal (BMO.TO)
  • Kinder Morgan Inc (KMI)
  • Inter Pipeline Ltd (IPL.TO)
  • Omega Healthcare Investors Inc (OHI)
  • Toronto Dominion Bank (TD.TO)

Funds:

  • BMO Aggregate Bond Index ETF (ZAG.TO)
  • BMO EM CAD Hedged Bond ETF (ZEF.TO)
  • Vanguard Emerging Market Bond ETF (VWOB)
  • Scotia Diversified Monthly Income Fund (mutual fund)

Other:

The breakdown of our passive income contributing entities: dividends & options totaled $376.40 and other passive income totaled $444.77. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

August saw one dividend increases announcements in our portfolio.

  • Wheaton Precious Metals (WPM) raised its dividend by 42.9%

Added Positions

During the month, we added the following position to our portfolio

Stocks:

Funds:

Other:

That’s all folks! Hope you had a great August 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.

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18 thoughts on “Passive Income Update – Aug 2017

    • haha yeah…its a mixed bag alright. I am seeing some amazing capital gains this year, which dont show in the monthly income reports, but overall still doing good. Hope your Aug went well too

      R2R

  1. Wow! That was an insane year over year growth rate. I think I need to look at some more Canadian banks. BMO and CM would be others I would consider adding to the three I already have. Keep up the amazing job. Always inspirational.

  2. Little Dividends says:

    Another nice month in the bag. Again, very jealous of your year to date dividend income but I shouldn’t be because you have spent years working up to this. I do need to look at more ways to increase my passive income to help me retire quicker.

    • Thanks for the kind words, LD. It takes time, but keep at it and let those dividends snowball. In a matter of few years, those should start looking sizable.

      thanks for stopping by and commenting
      R2R

    • Hi Savestacks,
      I have a few details captured here.
      http://roadmap2retire.com/2017/02/options-trading/

      I am not an expert by any means and not at all sophisticated when it comes to options trading. My trick has been to write an option when there is a huge runup as a matter of taking a small profit. For e.g., in case of PAAS — the stock price jumped 10% in one day and I took advantage of the euphoria to write some covered calls and sell contract premiums on that day. It helps if you are doing this on a volatile stock/sector 🙂

      Hope that helps.
      R2R

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