Passive Income Update – Aug 2019

Welcome to our monthly passive income update for August 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 August 2019 was CAD$762.48, which comprised of US$190.64 and CAD$507.02 (exchange rate is US$1 = CAD$1.34).

The change for the month is 32.8% QoQ and 36.59% YoY. This brings our passive income to $6,002.02 YTD and achieves 75% of our annual goal of $8K in passive income.

Income Sources

Passive income contributing entities:

Stocks:

  • Bank of Montreal (BMO.TO)
  • Kinder Morgan Inc (KMI)

Options:

Funds:

  • BMO Aggregate Bond Index ETF (ZAG.TO)
  • BMO EM CAD Hedged Bond ETF (ZEF.TO)
  • Vanguard Total Bond Market ETF (BND)
  • Vanguard Emerging Market Bond ETF (VWOB)
  • Scotia Diversified Monthly Income Fund (mutual fund)

Other:

  • Advertising revenue from this blog
  • Interest on cash
  • Cashback credit card

The breakdown of our passive income contributing entities: dividends & options totaled $573.64 and other passive income totaled $188.83.

Portfolio Activity

Dividend Increases

  • None

Added Positions

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

Stocks:

Funds:

  • Scotia Diversified Monthly Income Fund (mutual fund) *DRIP*
  • US Equity & International Equity Index Mutual Funds
  • Vanguard Total Bond Market ETF (BND)
  • Vanguard Emerging Market Govt Bond ETF (VWOB)
  • iShares Growth ETF Portfolio (XGRO.TO)

Closed Position

You can track the options activity via tracking sheet here.

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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6 thoughts on “Passive Income Update – Aug 2019

  1. JC says:

    Looks like another solid month R2R. $750+ is pretty damn good. And I really like seeing that you’re already at 75% of your goal for the year. I imagine you’ll be hitting that pretty handily. I’m curious to find out what company you added to your portfolio. All the best!

    • Thanks JC. Yeah it was a pretty good month considering I lost some of my stable monthly dividend payers lately. Some option writing helped juiced the income for the month. Looks like the $8K target is easily attainable now.

      Hope you had a great Aug as well

      R2R

  2. As usual another solid double digit update. Congrats on continuing to make great progress. Like seeing the new additions as well. The markets are crazy these days so seeing peeps in the DGI community continue to stack shares and divvys makes me happy. Keep driving forward!

    • Thanks DivHut. It was a good month but expect to see a drop in the middle month of the quarter going forward after selling one of my monthly payers (IPL). But not complaining — its part of the process and risk management on my part and dont mind some inconvenience such as lumpy income through the quarter.

      R2R

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