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October 2023 Passive Revenue: Return to Progress

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  • 3 sources of passive earnings
  • $917.34 dividends
  • 37 shares/models fell in October
  • Portfolio profitability within the final 12 months +1.96%

    S&P 500 12-Month Whole Return +21.62% for September 2023

    S&P/TSX 12-month Composite Index +5.10% November 3 2023

As soon as once more, that is decrease than the market yr up to now. Algonquin and Aecon particularly are defeating us. Aecon ought to get better as enterprise is nice, they’re simply getting killed on tasks listed earlier than all this inflation. Algonquin I do not know, I simply hope they preserve their water sources and alter issues.

Life

October is time to get enthusiastic about Halloween once more. All through this yr now we have been buying extra used animatronics. This yr our setup was so huge it needed to go to the yard too. The neighborhood children cherished it and so did I. Sadly, disassembly is far much less enjoyable than meeting.

Hallowe'en

This yr I cheated for Movember and grew a beard all through October in preparation. As at all times I really like taking part in Movember and exhibiting off my mustache. This yr is getting a bit nearer as a result of my dad has been battling prostate most cancers and I can fortunately say that the whole lot seems good now since he discovered it early. Test issues out, guys! Nicely you too women…. Fuck Most cancers, proper?

moustache

If you wish to assist my movember, that will be very type of you. Hey, it feels good to provide, it makes me smile, and it is also a tax write-off. win/win/win Robs Movember

Alright, let’s get to our passive earnings for September 2023

Add/Trim

One other improve this month

  • Abbvie – Abbvie achieved a rise of 4.7%. Fairly good contemplating they’re nonetheless coping with the humira points. This improve offers us $19.60 in future dividends.

Whole added earnings from dividend will increase in 2023: $15.08

We’re lastly in optimistic territory after Algonquin’s dividend lower earlier this yr. Candy…

September 2023 passive income

October 2023 Dividend earnings

8 Firms paid us this month.

Shares October 2022 Dividends October 2023 Dividends
Restaurant manufacturers 105.33 (1 Drip) offered
frank nevada 5.07 offered
Vitamins 31.58 42.99
cisco 53.20 (1 Drip) 56.16 (1 Drip)
TD Financial institution offered 120.96 (1 Drip)
canada bell 153.64 (2 Drops) 192.53 (3 Drops)
Aecon 114.52 (11 Drops) 121.92 (10 Drops)
Telus 136.46 (4 Drops) 77.45 (3 Drops)
TC Vitality 157.50 (2 Drops) 172.05 (3 Drops)
Algonquian energy 208.72 (14 Drops) 133.28 (16 Drops)
Totals 912.82 917.34

37 shares/models dripped in October.

It is nice to see these months again with year-over-year progress. The funds are additionally more and more giant.

In case you are check out our Earlier Dividend Revenue Experiences.

Our drips (Dividend reinvestment program) We added $49.36 {dollars} to our future earnings…. candy!

October 2023 passive income


Different earnings

Non-public funding Pay – $1000.00

1k a month, excellent!


Photo voltaic Panel Revenue

In September (we at all times receives a commission a month later) our photo voltaic panel system generated 733kWh. Since we contribute a set price of 28.8 cents per kilowatt hour, Hydro One deposited $211.17 in our checking account this month.

Final September the system generated $204.81, so this time we received forward a bit

Whole earnings for 2023 – $1,936.82

System put in in January 2018

Whole system value ——–$32,396.46

Whole income obtained ——–$14,109.11

_____________________________________________

Amount to achieve the break-even level —- $ —18,287.35

The solar remains to be shining and the earnings remains to be coming. =)


Passive Income Pie Chart October 2023

October 2023 Whole Passive Revenue: $2,128.51

October 2022 Passive earnings: $2,117.63

A few {dollars} is a few {dollars}, proper? Depend it!

Passive income totals for October 2023

Totals for 2023

Whole dividends up to now: $7,799.14
Different passive earnings 12 months up to now – $12,700.66
Whole passive earnings for 2023 —– $20,499.80
Finish of yr objective: $26,000 (78.84%)

Breaking 20k by 2023, excellent! I am nonetheless shocked to obtain this. Simply a few years in the past we had no passive earnings. Once I speak to individuals about dividends, do they are saying $30 to $80? That is not going to alter my life… Nevertheless it’s these fixed will increase from $30 to $80 that can. Do not deal with the brief time period, in the long run you’ll giggle.

Shopping

October Inventory Purchases

CNR – Canadian Nationwide Railway. We added extra shares to our current place. That is certainly one of my favourite firms that we personal and when it returns greater than 2%, it has typically been a superb time to purchase. I added 9 extra shares at a price of $146.92 per share.

This buy provides $28.44 in ahead dividends.

costco – We determined so as to add a grocer to our portfolio. Whereas Costco is way more than that, meals is its bread and butter. It is not an affordable inventory by any means, however the progress has been incredible and I can see that persevering with sooner or later. A easy improve in membership dues will improve your earnings and that can most likely occur very quickly. We personally would not have a Costco membership. As a result of? As a result of the place is simply too busy. I hate their parking and purchasing there. That claims loads. For my part, there may be a whole lot of room for progress and our portfolio may use extra progress.

We adopted the cdr route on this one on our tfsa. I like that I am not changing {dollars} and at $26 a pop the children can do it, they usually added it to their portfolio too. We purchased 46 shares at 25.83 per unit. This provides a monstrous $8.79 in future earnings.

General, we added $37.32 in future dividend earnings. Progress and excessive dividend progress this month.

Whole extra ahead dividend earnings from purchases in 2023: $1,031.40

bitcoin

I’ve been shopping for bitcoins for a yr since I began in November final yr. To say it has been a fantastic funding could be an understatement.

bitcoin

We determined to go together with shakepay as a result of it’s regulated in Canada and also you shake your cellphone each day to get free sats (bitcoin). They lately modified the best way sats shaking is finished. Now you get a certain quantity per day

A deposit of 100 {dollars} offers you 10 {dollars} and 10 for the referrer. Be at liberty to make use of my affiliate right here in case you are all for attempting out the crypto house. Or in case you are a fan of the location and need to give me some btc, my Shaketag is @hutz8; it is price a strive =)

I admire the assist.

Replace of monetary aims

charities

Minimal month-to-month ETF buy of $250

  • This month we added 4 extra models of xaw etf.
  • Questrade* It is nice as a result of it presents free ETF buying and selling and cheaper inventory buying and selling choices than most Canadian brokers. $250.00 a month would kill us if we needed to pay excessive service provider charges.
  • *Please word that the questrade hyperlink is an affiliate hyperlink and at no extra value to you, I might obtain a small cost when you signed up. Nonetheless, you possibly can get $50 in free trades by utilizing my affiliate hyperlink.

We added a few {dollars} to get 4 shares of xaw etf this month. =)

October 2023 Conclusion on Passive Revenue

An excellent month total. I’m proud of how the month went and that our portfolio has returned to optimistic progress yr after yr. I hope you all had a fantastic month too.

well being

Benefit from the little issues in life, as a result of someday it is possible for you to to look again and notice that they have been the large issues – Robert Brault

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