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:

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)
  • S&P Global Inc (SPGI)
  • Wheaton Precious Metals (WPM.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)
  • Vanguard REIT Index ETF (VNQ)
  • 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 $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

Stocks:

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.

      R2R

      • 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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