Passive Income Update – Feb 2019

Welcome to our monthly passive income update for February 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 February 2019 was CAD$509.07, which comprised of US$185.50 and CAD$266.06 (exchange rate is US$1 = CAD$1.31).

The passive income for the month is -29.8% QoQ and -33.29% YoY for the month. Passive income YTD is $1,247.81, which achieves 15.6% of our annual goal of $8K in passive income.

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2 Recent Buys – XGRO, RNX

BuySell

A quick update on a couple of purchases in our portfolios.

First purchase was same transaction repeated in two different portfolios – one in Mrs R2R’s RRSP, and the other in Baby R2R’s RESP account. For these portfolios, I follow a index investing approach and lately I’ve been thinking of moving to a simpler multiasset portfolio holding. I recently previewed the multiasset ETF options available in Canada. Based on that review, I decided to initiate a position in iShares Growth ETF Portfolio (XGRO.TO). This follows a 80/20 stock/bond approach and provides a one-stop passive investing approach providing global exposure. This was a small initial investment and over the months, I will continue buying regular amounts dollar cost averaging & building a full position. I still hold some bond positions that exist in these accounts and will leave them there for now until I am happy with the XGRO position & then sell those to go to a simple one-fund holding.

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Outlook for March 2019

The stock market sure has roared back to life since the dip in December 2018. Quarterly & annual earnings season is in full swing, and while some companies have beat the low bar previously set, a lot of companies are guiding down for the coming quarters.

On the central bank front, the Fed seems to be caving to the market pressure and signaling that the rate hike is done for this cycle. There are some market indications that we may have one more raise, but thats it. It will be interesting to see where things go from here. Meanwhile in Canada (where I am based), the BoC is following suit and also signaling the end of rate hike cycle. Again, I remain vigilant on this front in the coming weeks/months.

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MultiAsset ETFs – VGRO vs XGRO vs ZGRO

The Canadian ETF space has been undergoing some intense competition over the past few months. The big problem for retail investors has been to mix and match various ETFs to find a good balanced diversified multi-asset portfolio. How much weightage do you give stocks & bonds, how much per geographical region, hedge currencies or not….the choices are endless and overwhelming. Also, this came with the problem of rebalancing regularly and making the appropriate purchases on a regular basis.

The Canadian ETF providers have thus launched the all-in-one multiasset ETFs which addresses these problems and fills the gap in the market. I have received a few questions on this front, so I will try to provide a simple overview on this front. While there are different ETFs with different weighting based on risk tolerance (growth vs balanced vs conservative portfolio ETFs), this post will look at the growth-oriented series, since that seems to garner the most attention from the readers.

The three comparable growth multi-asset ETFs compared in this post are:

  • Vanguard Growth ETF Portfolio (TSE: VGRO)
  • iShares Growth ETF Portfolio (TSE: XGRO)
  • BMO Growth ETF (TSE: ZGRO)

All three have an approx 80/20 stocks/bonds approach.

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The Best POS Systems for Your Business

The following is a 3rd party contribution

According to The Point of Sale User Research Report, 77% of users are satisfied or very satisfied with their point of sale (POS) software. If you’re just starting up a business or you’re one of the 23% who isn’t happy with their POS system, you may be having a hard time deciding which one is really the best. While it may not be as challenging as choosing the right home among Mississauga real estate or anywhere else for that matter, as it is an important business decision you may want to consider one of these options that consistently rank among the top.

The best POS systems have the ability to do more than process sales and accept payments – they can make it easier to run your entire business.

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