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:
- Advertising revenue from this blog
- Interest on cash
- Cashback credit card
- Affiliate program from BlueHost & Simply Wall St
- Seeking Alpha – 1 new article published
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:
- Nevsun Resources (NSU)
- Omega Healthcare Investors Inc (OHI) — 2 shares DRIPped
- Wheaton Precious Metals (WPM)
Funds:
- 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)
- BMO EM CAD Hedged Bond ETF (ZEF.TO)
- US Equity & International Equity Index Segregated Funds
- Vanguard Emerging Market Bond ETF (VWOB)
Other:
- I wrote 2 covered call option contracts on Pan American Silver (PAAS.TO)
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.
Stay updated: Be sure to stay updated on all the posts by subscribing via email or following via Twitter, Google+, Facebook, or Pinterest.
Great work! Always hustling! 🙂 Me as well!
Passive Income Dude
Thanks Dan. Glad to hear from you. Hope you had a great Aug as well.
cheers
R2R
50.3% YoY?! Congrats!!
Love the passive income graph. Moving up and to the right is always a good sign.
Thanks Nick. Aug turned into a much better month than I anticipated. Looking forward to snowball that income 🙂
R2R
Good work! I am pretty sure you will reach your annual goal.
Thanks for the wishes, P. I am starting to wonder whether I will….but sure hope you are right in saying that I will reach my goal
R2R
You’re having a mixed bag this year but overall looks like you’re wining. Keep up the great work!
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
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.
Good to hear, DivHut. Most Canadian banks are well positioned and its really hard to pick one against another.
Best
R2R
Nice road great year over year increase too! Dam massive increase from wheaton metals. Is that silver wheaton?
Keep it up
Yes, the company name changed from Silver Wheaton to Wheaton Precious Metals to account for focus into both gold and silver markets. Thanks for stopping by
R2R
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
Very good YoY progress!
Thanks DIS. Hope you had a great Aug as well
R2R
Nice work on the divedend growth. I see you did some covered call options, do you have a post on how to do that? Would like more info on that.
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