Passive Income Update – Oct 2019

Welcome to our monthly passive income update for October 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 Oct 2019 was CAD$723.89, which comprised of US$88.32 and CAD$607.31 (exchange rate is US$1 = CAD$1.32).

The change for the month is -19.6% QoQ and -4.5% YoY. This brings our passive income to $7,594.17 YTD and achieves 94.9% of our annual goal of $8K in passive income.

Income Sources

Passive income contributing entities:

Stocks:

  • Algonquin Power & Utilities Corp (AQN.TO)
  • BCE Inc (BCE.TO)
  • Constellation Software Inc (CSU.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Kirkland Lake Gold (KL.TO)
  • Toronto Dominion Bank (TD.TO)

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 $647.53 and other passive income totaled $76.36.

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 Segregated Funds
  • iShares Growth ETF Portfolio (XGRO.TO)
  • BMO EM Bond ETF (ZEF.TO)

Closed Position

  • EVI Industries (EVI)

You can track the options via a tracking sheet here.

That’s all folks! Hope you had a great October 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 – Oct 2019

  1. Hey R2R

    Looking good. I got a couple questions for ya.

    Just curious, and I apologise if you’ve posted your reason in the past – but what made you choose: iShares Growth ETF Portfolio (XGRO.TO)

    I am going to be investing some $$$ into the kids RESP soon, and was thinking XGRO, VGRO or something similar….but I haven’t’ done too much research yet.

    Also – not sure if you share these numbers or not – but if you do – just curious, how much advertising revenue do you make from the site on average?

    • Hey Jordan.
      – A few reasons to choose XGRO. I chose the “GRO” option as opposed to the “BAL” or “CONS” options since I am more interested in long term growth for these portfolios (hold them in daughter’s RESP and my wife’s RRSP). I want more equities exposure for the next 20+ years, hence the GRO aspect. I am also not thrilled with the bond portion of these multiasset ETFs as they hold mostly Canadian bonds. A bit of Canadian bonds is ok, but I dont all my fixed income to be in Canadian bonds, so I have ZEF as a complement in these portfolios for EM bond exposure (juices the income a bit, while adding some asset diversification). Now for why XGRO as opposed to VGRO or ZGRO, XGRO just gives me more US exposure comparatively (which inturn gives me more global exposure — since half of S&P500 companies get their revenues ex-US).
      – Initially for the RESP I had ZCN+VXC+ZAG+ZEF etfs, but switched to XGRO+ZEF for the sake of simplicity (still own some ZAG, but will sell them once the Canadian interest rates start falling).
      – I dont do a full breakdown of ad revenue in these reports but its measly…on an average I make about $30/month. Im sure I can make more if I spend some time & effort into it, but havent gotten around to it.

      R2R

  2. Keep up the good work. Looks like you’ll be able to hit your income goal for 2019 with 10 months down and two to go. Nice to see TD in the mix too. I always enjoy reading your buys as you know. Your portfolio hold many names I am not familiar with at all 🙂 Look forward to a strong 2019 finish.

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