- 3 sources of passive Revenue
- $302.81 from dividends
- 1 shares/items dripped in August
- Trailing 12 Month Portfolio Return +3.67%
S&P 500 12 Month Complete Return +15.94% for August 2023
S&P/TSX Composite Index 12 Month +7.58% Sept 24 2023
We’re beginning to see issues cool off a bit available in the market. Whereas there’s at all times one thing to purchase I discover there are a whole lot of actually tempting costs on the market. I suppose we’re in a rates of interest will keep increased for longer atmosphere. Be aware of what you might be shopping for in the mean time.
Life
Time is simply flying by. Wanting again in August we went to America to go glamping on the KOA with some cousins. At all times a good time there!
We went to wonderland as soon as once more, Its tremendous enjoyable now that my daughter is tall sufficient for sure curler coasters. She loves them.. Its tremendous packed although.
I did a job for a shopper who owns a falconry and made a deal for the falconry expertise for our crew. It was sooo cool seeing the hawks/owls and in addition flying a harris hawk!
Alright, Let’s Get To Our August 2023 Passive Revenue
Raises/ Cuts
Final month was a quiet month as soon as once more for dividend bulletins.
Complete Added Revenue from Dividend Raises in 2023 – Detrimental $-48.24
Nonetheless underwater from that 1 dividend reduce this 12 months… September introduced the raises although!.
August 2023 Dividend Revenue
5 Corporations paid us this month.
| Shares | August 2022 Revenue | August 2023 Revenue |
|---|---|---|
| Good Facilities | 35.77 (1 Drip) | offered |
| Rit ETF | 67.77 (3 Drips) | offered |
| Nationwide Financial institution of Canada | 153.64 (1 Drip) | offered |
| Proctor & Gamble | 31.05 | 31.98 |
| Abbvie | 98.70 | 103.60 |
| Air Merchandise & Chemical compounds | 74.52 | 80.50 |
| Basic Mills | 78.30 (1 drip) | 86.73 (1 Drip) |
| Texas Devices | 0 | 44.64 |
| Totals | 539.75 | 302.81 |
1 shares/items Dripped in August.
This month is at all times our lowest and actually isn’t getting a lot extra funds working for it. All us {dollars} which is at all times good, I’ll put that to work quickly sufficient.
In case your try our Earlier Dividend Revenue Experiences.
Our Drips (Dividend Reinvestment Program) added $2.36 bucks to our ahead revenue…. Virtually a espresso lately =)
Different Revenue
Non-public Funding Cost – $1000.00
1k a month, very good!
Photo voltaic Panel Revenue
In July (We at all times receives a commission a month later) our photo voltaic panel system generated 1,144 kWh. Since we usher in a set fee of 28.8 cents per kilowatt hour, Hydro One deposited $280.31 into our chequing account this month.
Final July the system generated $309.08, so as soon as once more we are available in decrease.. arg!
Complete Revenue for 2023 – $1,474.18
System Put in January 2018
Complete System Price ——–$32,396.46
Complete Revenue Acquired ——–$13,646.47
_____________________________________________
Quantity to Break even —- $ —18,749.99
Deliver on the solar!
Complete August 2023 Passive Revenue – $1,583.12
August 2022 Passive Revenue – $1,848.83
Photo voltaic and dividends each down and our off month. Gotta develop these months again a bit.
Totals For 2023
Dividends Yr To Date Complete – $5,731.77
Different Passive Revenue Yr so far – $10,238.02
Complete Passive Revenue for 2023 —– $15,969.79
Yr Finish Aim – $26,000 (61.42%)
16k not unhealthy! however we’re 10k off, lets go!
August Inventory Purchases/Gross sales
This month we made 2 purchases including to 1 place we at present have and beginning a brand new place
Purchases
We added to our Couche-tard place because it’s been implausible for us.
20 shares have been acquired at a value of $65.94 per share. Including $11.20 in ahead dividends.
We additionally began a brand new place in Brookfield Asset Administration. Once I offered off all our monetary shares final 12 months, I stated I wouldn’t be shopping for again bns and can as an alternative begin a place in bam as I don’t want 3 Canadian Banks.
Td, Nationwide Financial institution and Bam will maintain the monetary sector down for us shifting ahead.
31 shares have been added to the portfolio at a value of 44.76 per share. This buy provides $39.68 in ahead dividends.
All in all we added $50.88 in future yearly dividend revenue with these purchases. Some yield and a few increased progress.
Complete added ahead dividend revenue from purchases in 2023 – $848.13
Bitcoin
Bitcoin kinda went sideways in August however we proceed so as to add 20 bucks every week to our place.
We determined to go together with shakepay as a result of it’s regulated in Canada and also you shake the telephone each day to get some free sats (bitcoin). They not too long ago modified the best way shaking sats is finished. You get a specific amount per day now
A 100 greenback deposit will get you 10 bucks and 10 for the referrer. Be at liberty to make use of my affiliate right here in case your all in favour of attempting out the crypto house. Or in case your a fan of the positioning and wanna toss me some btc my Shaketag is @hutz8
I respect the help.
Monetary Targets Replace
Charities
Etf Month-to-month Minimal Buy of $250
- This month we added 0 extra items of xaw etf.
- Questrade* is nice as a result of it affords free etf trades and cheaper inventory buying and selling choices than most Canadian brokers. $250.00 a month would kill us if we would have liked to pay excessive buying and selling charges.
- * Be aware the questrade hyperlink is a affiliate hyperlink and at no extra price to you, I’d get slightly cost when you have been to enroll. You possibly can get $50 in free trades by utilizing my affiliate hyperlink although.
We didn’t add this month as I felt like our purchases supplied a greater alternative in the mean time.
August 2023 Passive Revenue Conclusion
1 month late, wow I’m falling behind. I suppose its higher than by no means. On to the September put up, I promise will probably be higher
The posts could also be late, however the dividend’s by no means are – =)
Hey I’m Rob, creator of Passive Canadian Revenue.
In 2011 me and my spouse had nearly $60,000 in debt and a damaging $7,000 Internet Price. By means of onerous work and monetary training we paid all that off. Now we’re specializing in rising our Passive Revenue Streams to make the cash work for us. Really feel Free to Observe alongside the Journey by clicking the Social Media hyperlinks beneath or subscribing to get notified of recent posts on the sidebar.
