Passive Income Update – Sep 2019

Welcome to our monthly passive income update for Sep 2019. This is part of the scorecard series where I track our dividends and other sources of passive income. I 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 Sep 2019 was CAD$868.26, which comprised of US$184.35 and CAD$623.07 (exchange rate is US$1 = CAD$1.33).

The change for the month is -18.06% QoQ and 55.03% YoY for the month. This brings our passive income to $6,870.28 YTD and achieves 85.88% of our annual goal of earning $8K.

Income Sources

Passive income contributing entities:

Stocks:

  • Brookfield Asset Management (BAM.A.TO)
  • Brookfield Infrastructure Partners LP (BIP.UN.TO)
  • Canadian Utilities Ltd (CU.TO)
  • Franco Nevada Corp (FNV.TO)
  • Johnson & Johnson (JNJ)
  • Wheaton Precious Metals (WPM.TO)

Funds:

  • BMO Aggregate Bond Index ETF (ZAG.TO)
  • BMO EM CAD Hedged Bond ETF (ZEF.TO)
  • iShares Core Growth ETF Portfolio (XGRO.TO)
  • iShares Emerging Market Fundamental Index ETF (CWO.TO)
  • 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 $810.16 and other passive income totaled $58.09.

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
  • iShares Growth ETF Portfolio (XGRO.TO)

Closed Position

During the month, we closed our position in

That’s all folks! Hope you had a great September 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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10 thoughts on “Passive Income Update – Sep 2019

  1. JC says:

    Great stuff Sabeel! $800+ and 85% towards your goal. We had a great September with $1,100+ in dividends and $1,330 in passive income (dividends, interest, cash back, SA) plus another $400 in dividends in our retirement accounts. All in all it was a great month. Curious to find out what company you added to your portfolio. Also, I still want to get some BAM into my own portfolio. I wish the yield was higher, but management is definitely top notch.

    • Looks like you had a fantastic month, JC. Congrats on hitting new milestones.
      I guess all this talk about BAM & BIP is nudging you into those securities 🙂 Its a fantastic set of companies and I am planning on adding more as they are getting close to top end of my portfolio weightings. BAM will probably ride out the next recession better than any other company out there, thanks to the way it is structured and its subsidiaries.

      R2R

  2. Great progress. Looks like our collective September results are on the high end. Love seeing that JNJ pay out too. I still think that’s a long time winner despite the near term legal concerns. Keep up the good work.

    • Yeah it takes a bit of a time to sort through. The parent (BAM) gets paid a fee from all the subsidiaries (BIP, BEP, BPY, BBU etc) and that allows it to grow YoY in addition to all the other investments that they take on. I ended up picking BIP since Infra assets are more unique and moaty (say railroads, port terminals, cell towers and pipelines etc) than something like BEP or BPY.

      Best
      R2R

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