Welcome to our monthly passive income update for December 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 December 2017 was CAD$1,515.41, a new all time high thanks to an annual payout from one of the funds 🙂 The passive income for the month comprised of US$406.83 and CAD$1,002.80 (exchange rate is US$1 = CAD$1.26).
Passive income change is +110.4% QoQ and +6.01% YoY for the month. The passive income for 2017 adds up to $9,697.25 and achieves ~97% of our annual goal of earning $10K. Even though I came up ~$300 short on the goal, I still consider this a pretty good achievement for the year.
Income Sources
Passive income contributing entities:
Stocks:
- Brookfield Asset Management (BAM.A.TO)
- Brookfield Infrastructure Partners LP (BIP.UN.TO)
- Canadian National Railway (CNR.TO)
- Canadian Utilities Ltd (CU.TO)
- Franco Nevada Corp (FNV.TO)
- Inter Pipeline Ltd (IPL.TO)
- Johnson & Johnson (JNJ)
- Pan American Silver Corp (PAAS.TO)
- Ventas Inc (VTR)
- Wheaton Precious Metals (WPM & WPM.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)
- US Equity Fund (seg fund)
- Intl Equity Fund (seg fund)
Options:
- I wrote 2 covered call option contract on Wheaton Precious Metals (WPM)
- I wrote 15 covered call options contract on B2Gold Corp (BTO.TO)
- I wrote 3 covered call options contract on Pan American Silver Corp (PAAS.TO)
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
- Cryptocurrency mining
The breakdown of our passive income contributing entities: dividends & options totaled $1,094.49 and other passive income totaled $420.91. Read more about why we consider this as passive income in the Passivity Index post.
Portfolio Activity
Dividend Increases
December saw two dividend increase announcements in our portfolio.
- Bank of Montreal (BMO.TO) raised its dividend by 3.3%
- Ventas Inc (VTR) raised its dividend by 1.94%
Added Positions
During the month, we added the following position to our portfolio
Funds:
- Scotia Diversified Monthly Income Fund (mutual fund) *DRIP*
- US Equity & International Equity Index Segregated Funds
Cryptoassets:
- Bitcoin (BTC)
- Ether (ETH)
More details on my cryptoasset portfolio can be found here.
Closed Position
I sold and closed my position in
Options
- I wrote 2 covered call option contract on Wheaton Precious Metals (WPM)
- I wrote 15 covered call options contract on B2Gold Corp (BTO.TO)
- I wrote 3 covered call options contract on Pan American Silver Corp (PAAS.TO)
You can track the options via a tracking sheet here.
That’s all folks! Hope you had a great December 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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Awesome stuff Sabeel! Looks like there were lots of personal bests during December. I need to tally up our dividends from the funds we own to see how much they paid us too. Even though you’re technically short of your goal of $10k, that’s close enough to count in my book. Great stuff and can’t wait to see how 2018 treats us all.
Thanks JC. Hope you met your goals too and 2017 was great to your portfolio. Its been a great ride and I will be aiming higher in 2018.
Best
R2R
R2R, Great job in building and increasing that passive income stream from dividends. Do you have a new annual goal now that $10K has been taken out? Tom
Thanks DD. Yes, I have a target in mind…will be sharing that goal and some other financial goals next week.
R2R
Well done on hitting your all-time high in December – what a great Christmas present eh 🙂
Also, great work coming so close to your 10k target, it’s still a BIG achievement!
All the best for 2018.
Thanks RMIL. The year rang out pretty well and I am happy with the result. Hope you had a great 2017 and wishing you the best for this year. Thanks for stopping by.
R2R
R2R, Great way to end the year! I hoping to learn more about options trading in 2018. I think it is a great way to add some income, if done correctly. Also, love seeing the payment from VTR. They are on my watch list at the moment.
Good Luck in 2018!
-MH
Thanks MH. 2017 ended very well with our portfolio hitting all time highs, dividends coming in at all-time highs etc. VTR is a very well run company and I would love to add to my position. I should look closely again as I havent evaluated lately. I think they just bounced off their 52-week lows, so might be a good time to add.
Best
R2R
Congrats buddy, great way to end 2017. All the best in 2018 🙂
Thanks Matthew. All the best in 2018 to you too.
R2R
Nice job getting to an all-time high 🙂 Good luck for 2018!
Mr DDU
Thanks DDU. Heres to hoping that 2018 is even better 🙂
Best
R2R
Woot nice work road. Great income and nice work on your portfolio. All the best in 2018!
Cheers
Thanks PCI. Hope you had a great year too. Here’s to an even better record in 2018.
R2R
You had an awesome year even coming up short $300 of your goal. That’s nothing. Between crypto, pot, precious metals, options, etc. you have created a very diversified portfolio of assets that should continue to produce great returns for you in 2018. Keep up the good work!
Thanks DH. Hope 2017 was just as great for you. I am pretty happy with the diversified assets and looking to improve my diversification a bit more in 2018. Here’s to a new year and snowballing that income.
R2R
That purple bar is absolutely killing it. I hope that next year your dividends received are even higher than last year. Keep up the excellent work!
Thanks BHL. I hope you are right and I can keep that growing 🙂
Best
R2R