Passive Income Update – Jul 2018

Welcome to our monthly passive income update for July 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 July 2018 was CAD$635.15, which comprised of US$61.30 and CAD$555.46 (exchange rate is US$1 = CAD$1.30).

The change for the month is -37.99% QoQ and +4.29% YoY for the month. This brings our passive income to $5,537.86 YTD and achieves 50.3% of our annual goal of earning $11K.

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)
  • Toronto Dominion Bank (TD.TO)
  • Ventas Inc (VTR)

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)
  • Vanguard FTSE All World Ex-Canada Index ETF (VXC.TO)
  • Scotia Diversified Monthly Income Fund (mutual fund)

Other:

The breakdown of our passive income contributing entities: dividends & options totaled $414.21 and other passive income totaled $220.94. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

  • None

Added Positions

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

Stocks:

  • Algonquin Power & Utilities (AQN.TO) *DRIP*

Funds:

You can track the options via a tracking sheet here.

That’s all folks! Hope you had a great July 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 – Jul 2018

  1. JC says:

    Over $600 is still a hefty sum despite the QoQ decline. Speaking of what was the reason for that? Closing of a position or was it more from the other passive income sources? I really need to get back to writing on a regular basis but man has it been hard. I’m unfortunately a pretty good trainer of new employees which means that I get stuck with training them almost all the time. The last few months have been especially crazy with that and my writing has suffered. Hopefully that will slow down a bit and I can start writing more to help boost up our own other passive income. All the best R2R!

    • Couple of sales and more options income last quarter, so it was much higher than normal.

      Same with me…Ive been super busy at work, so havent really had a chance to write much these days. Hoping to get back to a slightly better schedule.
      R2R

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