Passive Income Update – Sep 2019

Welcome to our monthly passive income update for Sep 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 Sep 2019 was CAD$868.26, which comprised of US$184.35 and CAD$623.07 (exchange rate is US$1 = CAD$1.33).

The change for the month is -18.06% QoQ and 55.03% YoY for the month. This brings our passive income to $6,870.28 YTD and achieves 85.88% of our annual goal of earning $8K.

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Outlook for October 2019

Fireworks in the high-growth sector is seeing investors turn towards value stocks after a long pause. The drawdown and divergence was something to behold during the month of September as the selloff provided some good opportunities in the growth space — although valuation in general still seems pretty high.

The US Fed continued its easing policy with another rate cut and September also saw liquidity issues in the overnight repo rate — resulting in the NY Fed stepping in. Most central banks around the world have started easing as the US$ continues getting stronger, so the currency wars are far from over.

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2 Recent Buys – JNJ, GOOGL

BuySell

A quick update on two purchases in my portfolio. As with the last iteration, this one also includes a new position in the portfolio.

  • First purchase: I added 20 shares of Johnson & Johnson @ $127.50. During the mayhem of Aug 23, thanks to Trump’s tweets and escalation of trade war, I was able to pick up a few shares of JNJ. JNJ has been undergoing a bit of a weak performance due to ongoing litigation (which later turned into a $572M fine), and some expected revenue drop this fiscal year. However, top line growth should return back to normal starting next year, so I have been adding to my shares in this position over the past few months. The stock yields 2.96% and adds $76.00 in annual dividends.
  • Second purchase: I initiated a new position in one of the largest companies in the world; with 3 shares of Alphabet Inc (GOOGL) @ $1,184.00. There are a lot of reasons to own GOOGL – one of the most forward looking companies, founder-operated, arguably best tech talent in the world, largest online ad platform, wide moat (can you imagine life without Google…not just as consumers, but also as a business?), good capital allocation and reinvestment in business, optionality play on unmonetized segments that will sooner or later get commercialized (Alphabet’s subsidiaries include Calico, CapitalIG, DeepMind, Google, Google Fiber, GV, Jigsaw, Loon, Makani, Sidewalk Labs, Verily, Waymo, Wing, and X). This is a starter position in what I expect to be a core holding for years to come, and will continue adding shares in coming months.

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

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

Passive Income Update – Aug 2019

Welcome to our monthly passive income update for August 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 August 2019 was CAD$762.48, which comprised of US$190.64 and CAD$507.02 (exchange rate is US$1 = CAD$1.34).

The change for the month is 32.8% QoQ and 36.59% YoY. This brings our passive income to $6,002.02 YTD and achieves 75% of our annual goal of $8K in passive income.

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