Passive Income Update – Dec 2019

Welcome to our monthly passive income update for Dec 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 Dec 2019 was CAD$1,085.21, which comprised of US$386.81 and CAD$582.36 (exchange rate is US$1 = CAD$1.30).

The change for the month is 24.9% QoQ and -1.2% YoY for the month. This brings our passive income to $9,571.24 for the year of 2019Β and achieves 119.6% of our annual goal of earning $8K. Woohoo! πŸ™‚

Income Sources

Passive income contributing entities:


  • 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)
  • S&P Global Inc (SPGI)
  • Wheaton Precious Metals (WPM.TO)


  • 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)
  • Vanguard REIT Index ETF (VNQ)
  • Scotia Diversified Monthly Income Fund (mutual fund)


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

The breakdown of our passive income contributing entities: dividends & options totaled $881.04 and other passive income totaled $204.17.

Portfolio Activity

Dividend Increases

  • None

Added Positions

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


In addition, few automated additions were made to various funds.

Closed Position

During the month, we closed our position in

That’s all folks! Hope you had a great December 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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4 thoughts on “Passive Income Update – Dec 2019

  1. Neil Singh says:

    I am trying to understand.

    Your goal in 2018 was $11,000 in passive income but in 2019 it’s actually $8000. Why did you lower your target if the goal is passive income?

    All the stocks you sold for silver/gold in June 2016 have caused a dent in you income. The market done very well. It looks like you made a mistake good sir.

    I enjoy your blog and good luck.

    • Some mistakes yes, but overall pretty happy with the move. I probably lost a couple of thousand in dividend income over the years (hence the adjustment in target dividend income to $8K), but have made 20x more in capital gains πŸ™‚ Investing in gold equities in 2016/2017 was a fat pitch that couldnt be ignored.


      • In the DGI game it’s always a personal balance of generating passive income versus capital gains. Many have told me to sell my big winners, collect the gains and invest elsewhere. For the most part I just let it ride though I am not against selling. Love your 2019 results. You put up some solid figures and blew by your $8k goal. Keep it going in ’20!

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