Passive Income Update – Jan 2020

Welcome to our monthly passive income update for Jan 2020. 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 Jan 2020 was CAD$832.78, which comprised of US$76.74 and CAD$731.48 (exchange rate is US$1 = CAD$1.32).

The change for the month is 15.04% QoQ and 12.73% YoY. I am setting a $10K goal of passive income for 2020, so this achieves 8.3% of the goal.

Income Sources

Passive income contributing entities:

Stocks:

  • Algonquin Power & Utilities Corp (AQN.TO)
  • BCE Inc (BCE.TO)
  • Constellation Software Inc (CSU.TO)
  • FirstService Corp (FSV.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)
  • iShares EM Fundamentals Index ETF (CWO.TO)
  • iShares Growth ETF Portfolio (XGRO.TO)
  • 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 $650.08 and other passive income totaled $182.70.

Portfolio Activity

Dividend Increases

  • Canadian Utilities Ltd (CU.TO) announced a raise of 3%
  • S&P Global Inc (SPGI) announced a raise of 17.5%

Added Positions

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

Stocks:

  • Algonquin Power & Utilities (AQN.TO) *DRIP*

Funds:

  • Scotia Diversified Monthly Income Fund (mutual fund) *DRIP*
  • US Equity & International Equity Index Segregated Funds
  • iShares Growth ETF Portfolio (XGRO.TO)

That’s all folks! Hope you had a great January 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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