Passive Income Update – Oct 2017

Welcome to our monthly passive income update for October 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 October 2017 was C$834.25. The passive income for the month comprised of US$414.66 and C$299.34 (exchange rate is US$1 = C$1.29).

Passive income change is +36.99% QoQ and +39.75% YoY for the month. The passive income YTD is $7,211.05 and achieves 72.1% of our annual goal of earning $10K.

Income Sources

Passive income contributing entities:

Stocks:

  • Algonquin Power & Utilities Corp (AQN.TO)
  • BCE Inc (BCE.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Kirkland Lake Gold (KL.TO)
  • Nevsun Resources (NSU) (NSU.TO)

Funds:

  • BMO S&P/TSX Capped Composite Index ETF (ZCN.TO)
  • 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 $416.73 and other passive income totaled $417.52. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

October saw one dividend increases announcements in our portfolio.

  • Omega Healthcare Investors Inc (OHI) raised its dividend by 1.56%

Added Positions

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

Stocks:

Funds:

Other:

Reduced Position

Options

  • I wrote ten covered call contracts on Nevsun Resources (NSU) – see option tracking sheet here

That’s all folks! Hope you had a great October 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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16 thoughts on “Passive Income Update – Oct 2017

    • Thanks CF. Yes, it was a good month all around. It was a great ride to book a 200% gain in HIVE…now wish I’d held longer as it continues climbing 🙂 Oh well…thats how it goes

      R2R

  1. Great job R2R. I love the passive income chart. It is definitively headed in the right direction. Slow and steady growth wins the race as they say. Thanks also for adding me to your Pinterest group board a few days ago. I really appreciate it. Tom

  2. Now that’s a serious total for a first month of the quarter. As usual some familiar faces paying you for the month with some names I really don’t know much about. You always seem to pick out some interesting companies to invest. In all, a solid showing plus you have the wild crypto ride to follow now as well. Looks like you will hit your goal for 2017.

    • Its been a good month, no doubt. Some extra options income also boosted the total, which will keep the passive income for the 1st month of quarter variable. Still…heading in the right direction.

      R2R

  3. JC says:

    Over $800 for a typically slower dividend paying month is awesome. Love the fact that you have so many different income sources. Each one by itself might not be much, but when you add them all up it’s a hefty sum. That’s really what it’s all about.

  4. Woot nice month road! Whats your thoughts on tahoe? Took another slide today or lower earnings which was to be expected but now with the eldorado mine running again next quarter should be great right?

    Keep on keeping on

    • Thanks PCI. I dont follow THO closely, but I know they’ve been having some trouble with the Guatemalan government, but I thought they had received a clearing finally. Took a quick look at the quarterly results, and looks like it was a pretty bad quarter. Im not familiar about the resources they control to make a comment.

      R2R

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