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.

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Outlook for November 2019

Earnings season is in full swing and it makes for interesting times. Well run companies are posting near-record top line growth, while the mediocre ones continue the “miss-by-a-penny or beat-by-a-penny” earnings game.

Interesting moves on the central banks front as well in the past few days. The US Fed cut interest rates again and hinted that this will be the end of the rate cut cycle — but the bond market is calling their bluff sending yields further down post announcement. I will be keeping my eye on the bond market for further developments there.

The Bank of Canada held steady hinting at rate cuts coming early next year if not earlier. I just might hold onto my Canadian bond funds longer since the Canadian rates are going nowhere but down from here.

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2 Recent Buys – CSU, TWLO

BuySell

A quick update on two purchases in my portfolio from last week.

  • First purchase: I added to my position in Constellation Software Inc (CSU.TO) @ $1,301.68. This is my third tranche of buying CSU and now makes for a full position. Previous purchases are documented here.
  • Second purchase: I added to my position in the one SaaS company I own – Twilio Inc (TWLO) @ $104.00. A riskier play but I like the long term prospects of the company. Decided to up my stake a little bit with this purchase after the whole SaaS space took a beating last week.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long CSU.TO, TWLO. Our full list of holdings is available here.

2 Recent Buys – GOOGL, KMI

BuySell

A quick update on two purchases in my portfolio. Without further ado, here are the details.

  • First purchase: I added to my position in Alphabet Inc (GOOGL) @ $1,175.00. Alphabet is a recently new position in my portfolio that I initiated in August and slowly adding to build to a full position.
  • Second purchase: I added 100 shares in Kinder Morgan Inc (KMI) @ $20.00. KMI is my only pure pipeline play, which has turned things around pretty well over the past couple of years, although it is still pretty leveraged. Not a lot of 5% yielders as the yields continue to fall, so adding this at a 5% yield will increase forward dividend income by $100. It is also expected that dividends will be raised by 25% next spring, so thats a pretty good growth rate.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long GOOGL, KMI. Our full list of holdings is available here.

Baby R2R’s Portfolio Update – Q3 2019

This post is part of the series where I share the progress of Baby R2R’s investment portfolio. I started documenting this in Q3 2017 and intend to provide quarterly updates.

Baby R2R was born in Spring 2016 and a few months later, I setup her education fund to which I contribute on a regular basis. We live in Canada, so we take advantage of the RESP program (Registered Education Savings Plan), an account type where we can save and invest for our child’s secondary education. In addition to tax advantages, we also receive an education grant, which matches upto 20% of the saved amount (upto a max of $500 per year). How can anyone say no to free money? 🙂

In addition to the education fund, we also decided to start a Nest Egg fund, where we save and invest for Baby R2R and let compounding do its job over the course next couple of decades. The two accounts take different approaches to investing strategy.

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