Passive Income Update – Mar 2018

Welcome to our monthly passive income update for March 2018. 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 March 2018 was CAD$826.78, which comprised of US$239.37 and CAD$517.99 (exchange rate is US$1 = CAD$1.29).

The change for the month is -45.44% QoQ (due to annual payout in Dec 2017) and +22.39% YoY for the month. This brings our passive income to $2,454.61 YTD and achieves 22.3% of our annual goal of earning $11K.

Income Sources

Passive income contributing entities:

Stocks:

  • Brookfield Asset Management (BAM.A.TO)
  • Brookfield Infrastructure Partners LP (BIP.UN.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)

Options:

  • 3x covered call sell on Pan American Silver Corp (PAAS.TO)
  • 5x covered call sell on Nevsun Resources (NSU.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 $408.98 and other passive income totaled $417.80. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

March saw two dividend increase announcements in our portfolio.

  • Pan American Silver (PAAS.TO) raised its dividend by 40%
  • Toronto Dominion Bank (TD.TO) raised its dividend by 11.67%

Added Positions

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

Funds:

Options

  • I wrote 3 covered call options contract on Pan American Silver Corp (PAAS.TO)
  • I wrote 5 covered call options contract on Nevsun Resources (NSU.TO)

You can track the options via a tracking sheet here.

That’s all folks! Hope you had a great March 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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8 thoughts on “Passive Income Update – Mar 2018

    • Yeah so far, its not really doing much for me. I think by the time the contract expires, I will be breaking even on the initial investment — but long term, the currencies should appreciate. Still lots to learn in the space and Im trying to figure out what is the best way to do this.

      R2R

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