Passive Income Update – Aug 2018

Welcome to our monthly passive income update for August 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 August 2018 was C$558.23. The passive income for the month comprised of US$131.94 and C$385.39 (exchange rate is US$1 = C$1.31).

The change for the month is -19.67% QoQ and -32.02% YoY for the month. This brings our passive income to $6,096.09 YTD and achieves 55.4% of our annual goal of earning $11K.

Income Sources

Passive income contributing entities:


  • Bank of Montreal (BMO.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Kinder Morgan Inc (KMI)


  • 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)


The breakdown of our passive income contributing entities: dividends & options totaled $275.92 and other passive income totaled $282.31. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Added Positions

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



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.

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7 thoughts on “Passive Income Update – Aug 2018

  1. Good job. drop must be due to exchange rates or a dividend cut i assume? Over 500 in any month is good this was my first non quarter ending moneth over $500 so it was something to be excited about. Keep it up.

  2. Another solid update for a month of passive income earned. You keep making interesting purchases for your portfolio which always keeps me on my toes as many names you buy I never heard of. Do you plan on another crypto mining update before the year is up? Thanks for sharing.

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