Passive Income Update – Nov 2018

Welcome to our monthly passive income update for November 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 November 2018 was C$725.36. The passive income for the month comprised of US$135.63 and C$544.97 (exchange rate is US$1 = C$1.33).

The change for the month is 29.94% QoQ and -25.28% YoY for the month. This brings our passive income to $8,139.81 YTD and achieves 74% of our annual goal of earning $11K.

Income Sources

Passive income contributing entities:

Stocks:

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

Options:

  • 4x covered calls on Kirkland Lake Gold (KL.TO)
  • 2x covered calls on Wheaton Precious Metals (WPM)

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 $445.22 and other passive income totaled $280.14. 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

Stocks:

  • One stock & one ETF – post coming soon
  • Kinder Morgan Inc (KMI) *DRIP*

Funds:

Reduced/Closed Positions

During the month, we reduced/closed our positions in

  • Hive Blockchain Technologies (HIVE.V)
  • Index funds, which includes
    • BMO S&P TSX Capped Composite Index ETF (TSE:ZCN)
    • Vanguard FTSE Global All Cap Ex-Canada ETF (TSE:VXC)
    • US Equity Index Segregated Funds
    • International Equity Index Segregated Funds

That’s all folks! Hope you had a great November 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 – Nov 2018

  1. Wow, looks like a solid month R2R!

    I’m impressed, because most people i’ve seen posting updates (and myself included) seem to have a pretty quiet/slow November….but you seem to have pretty big Novembers!

    Hope you have a great Xmas/New year, holiday, etc

    • Thanks Jordan. Some extra income coming from writing covered call options helped bump up the number for November.

      Hope things are going well on your end too. Have a great holiday season.
      R2R

  2. Terrific month! Your monthly passive income is constantly exceeding 500 C$, which really keeps the snowball rolling.

    Looks like December is usually your best month. Do you think you can hit 1500 C$?

  3. Nice total for the month even with a year over year decline. Looks like options are picking up some passive income slack. Do you plan to trade options heavier going forward? Thanks for the update. Look forward to your final 2018 totals!

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