Passive Income Update – Jan 2019

Welcome to our monthly passive income update for January 2019. 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 January 2019 was CAD$738.75, which comprised of US$60.31 and CAD$659.74 (exchange rate is US$1 = CAD$1.31).

The passive income for the month is -2.58% QoQ and -14.5% YoY for the month, and achieves 9.2% of our annual goal of $8K in passive income.

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Outlook for February 2019

What a start to the new year! A rollercoaster ride in market sentiment with everyone reeling from the portfolio destruction in Q4 2018 to finally the relief that the Fed is putting QT on hold.

Over the first few weeks of Jan, most companies confirmed what was already expected. A slowdown in expected revenues and earnings for the coming year. Of course, that doesn’t stop investors from cheering on and piling back in when the low bar is stepped over in the “adjusted” numbers reported for past quarter (I’m referring to you, Apple stock permabulls). Various companies from almost all sectors of the economy have lowered revenue and earnings guidance for 2019 — many of them blaming the trade war, but the reality is probably more to do with the business cycle than anything.

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