January 2024 Passive Revenue – Breaking Information

• 4 sources of passive Revenue
• $1,279.67 from dividends
• 45 inventory/models dripped in December
• Trailing 12 Month Portfolio Return 4.35%

  S&P 500 12 Month Complete Return +22.77% for February 2024

  S&P/TSX Composite Index 12 Month +5.62% February 2024
  

The market retains on ripping. Its really kinda loopy how a lot its ran up since November particularly.. We see loads of firms decreasing steering and firing off plenty of staff however the market doesn’t appear to care. Its all concerning the magnificent 7.

Life

Right here we’re a day earlier than Valentines day. Fairly insane how briskly time goes. Right here in Ontario it’s been fairly delicate to say the least, you virtually might name it spring like. Oh the thrill of selecting up all of the canine pooh within the yard =)

I wrapped up a basement reno I’ve been engaged on. This one was kinda cool as we put in a slide on the steps for the youngsters and clearly adults too.. Bought a warehouse renovation developing subsequent, however had every week or 2 to work round our home. Our laundry room was nonetheless wallpaper so I eliminated it to seek out….. extra wallpaper.. Haha for sure I ripped that one off and needed to skim coat all of it. Now the spouse needs to color your entire backside ground.

Each our youngsters celebrated their birthdays this month. Our daughter is now 6 and the lil man, is just not so little anymore at 11. They each had a celebration with pals however we informed our son this can be his final larger bday social gathering. They value like 500 bucks every time to have like 10 pals go to a ninja warrior course and trampoline park. Can be higher inviting one good friend and staying at a waterpark in a single day or one thing..

In case you have older children at what age did you begin to lower down on the bday partys?

Alright, Let’s Get To Our January 2024 Passive Revenue

Raises/ Cuts

The beginning of the 12 months at all times comes with a bunch of dividend increase bulletins.

APD introduced a fairly disappointing dividend increase of 1.1%. Its not a foul transfer contemplating how a lot they’re spending on new initiatives, however the ceo made some bizarre feedback concerning the dividend providing a excessive beginning yield so why actually increase it.. I dunno it got here off completely different in my view.

This increase added $3.93 in ahead revenue.

CNR – In all probability my favorite Canadian inventory. Like clockwork they introduced their increase in January. They’ve raised it ever 12 months since changing into a publicly traded firm. They bumped theirs 7% and introduced one other stable buyback.

This increase added $25.96 in ahead revenue.

Complete Added Revenue from Dividend Raises in 2024 – $29.89

January had 2 dividend raises for our portfolio however February has been stuffed with them up to now. Must be a superb 12 months for raises if issues proceed shifting alongside with none massive hiccups.

January 2024 Dividend Revenue

12 Firms paid us this month.

45 shares/models Dripped in January.

Virtually 13 hundred bucks. Magnificence! We had that Disney dividend which simply obtained reinstated. That particular costco dividend obtained deposited and we even had that particular dividend from Allied Property. An excellent month, love seeing these totals improve.

In case your take a look at our Earlier Dividend Revenue Experiences.

Our Drips (Dividend Reinvestment Program) added $63.83 bucks to our ahead revenue…. Fairly positive that’s a brand new document

Different Revenue

Personal Funding Fee – $1000.00

1k a month, very good!

Photo voltaic Panel Revenue

In December (We at all times receives a commission a month later) our photo voltaic panel system generated 156 kWh. Since we herald a hard and fast price of 28.8 cents per kilowatt hour, Hydro One deposited $44.94 into our chequing account this month.

Final December the system generated $27.98, so its secure to say the climate has been nicer this 12 months than final, properly not less than December.

Complete Revenue for 2024 – $44.94

System Put in January 2018

Complete System Price ——–$32,396.46

Complete Revenue Acquired ——–$14,323.9

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Quantity to Break even —- $ —18,072.56

Bob requested me if I can embody my month-to-month energy invoice within the put up to match, so right here it’s. Our invoice for December was $167.46. So our system wouldn’t of coated the facility we used this month.

Money Again Credit score Card

We at all times pay our bank card balances in full so we don’t get charged any curiosity. In January they pay us a yearly bonus for utilizing their card.

This 12 months we obtained $775.06, candy!

Whereas I assumed it was loads its really not an enormous leap from the earlier 12 months of 763.84 so possibly inflation is cooling off a bit.

Complete January 2024 Passive Revenue – $3,099.67

January 2023 Passive Revenue – $2,640.34

A stable development price of 17.39% 12 months over 12 months. That is additionally the primary time we surpassed 3k in passive revenue. Feels good and simply reveals what sticking to the plan can do. The chart beneath reveals all of it. You begin with a pair bucks and momentum picks up, the snowball grows and the revenue does too!

When individuals ask for finance recommendation and I point out beginning with a little bit little bit of enbridge to begin to really feel some revenue coming with out doing something they get excited. Then I say 1k will herald like 80 bucks a 12 months. 80 bucks? Thats it? That aint gonna do something for me…. Its at all times the identical and so they don’t begin investing. However its not the beginning, its the consistency of investing that can actually get issues shifting for ya.

I dont share and write these posts to brag. They assist me stick with the plan and I additionally hope they encourage a few of you. I’ve mentioned it earlier than however after I began investing I knew nothing. I stumbled throughout some bloggers doing these actual posts and obtained fired up. You are able to do it as properly. That is your 12 months.

Totals For 2023

Dividends Yr To Date Complete – $1,279.67
Different Passive Revenue Yr so far – $1,820
Complete Passive Revenue for 2024 —– $3,099.67
Yr Finish Aim – $26,500 (11.69%)

Since we introduced in $24,184.07 final 12 months, the purpose is to herald $26,500 this 12 months. Let’s see if we are able to obtain this in 2024. A ten% improve looks as if a fairly good purpose for the 12 months.

 

January Inventory Purchases

TD Financial institution

We added 12 extra shares to our portfolio at a price foundation of $85.54 per share. arg! properly its a long run sport, all good.

This buy added 48.96 in ahead dividends.

APD

We added 5 extra shares of apd earlier than earnings at 259.04 per share. Ouch once more.. Effectively this one damage. A tiny dividend increase and the inventory obtained killed as they spend extra on initiatives. Long run this needs to be high quality although, I just like the hydrogen area shifting ahead.

The 5 shares added $35.10 in ahead revenue.

Costco CDR

As I’ve mentioned prior to now, I plan on including to this one as soon as 1 / 4 shifting ahead till it turns into in my high 5 core holdings. It ain’t low-cost by any means however the enterprise is implausible and we wanted a grocer place within the portfolio. We additionally might use extra development shares and costco obtained a lot room to develop in my view.

We added 32 extra shares at $32.12 per share. This provides $6.09 to our ahead revenue.

Total we added $90.15 in ahead revenue this month from purchases

Complete added ahead dividend revenue from purchases in 2023 – $90.15

Bitcoin

Bitcoin had a heck of a month. Its now turn out to be extra mainstream as its allowed to be traded like an etf. I assume among the hype was baked into the value because it rapidly tanked after the announcement however now has been rocketing greater as soon as once more.

As at all times we purchase a small quantity each paycheque and simply maintain greenback value averging into it.

We determined to go along with shakepay as a result of it’s regulated in Canada and also you shake the cellphone day by day to get some free sats (bitcoin). They not too long ago modified the way in which 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 desirous about attempting out the crypto area. Or in case your a fan of the positioning and wanna toss me some btc my Shaketag is @hutz8 – value a shot =)

I respect the help.

Monetary Targets Replace

Charities

Etf Month-to-month Minimal Buy of $250

• This month we added 0 extra models of xaw etf.
• Questrade* is nice as a result of it provides free etf trades and cheaper inventory buying and selling choices than most Canadian brokers. $250.00 a month would kill us if we wanted to pay excessive buying and selling charges.
• * Notice the questrade hyperlink is a affiliate hyperlink and at no further value to you, I’d get a little bit fee when you have been to enroll. You can get $50 in free trades through the use of my affiliate hyperlink although.

We didn’t purchase and xaw this month.

January 2024 Passive Revenue Conclusion

As we begin the brand new 12 months, its nice to set new information for passive revenue and in addition set new targets. I’m wanting ahead to seeing how this years outcomes will probably be and the way the market does basically. Id wish to suppose we’re due for a pullback however the market appears to disagree with me. Whiles there’s shares setting new all time highs there additionally is a few good worth on the market. This 12 months I’ll attempt to get a superb mixture of each. On the finish of the day complete returns matter and I’m lagging the market.

What are your targets for 2024 financially talking? How do you suppose the market will do by 12 months finish? we be up or down from present values?

cheers

It’s much less about changing into a greater particular person and extra of being higher, as an individual – JR Rim

Hey I’m Rob, creator of Passive Canadian Revenue.

In 2011 me and my spouse had virtually $60,000 in debt and a damaging $7,000 Web Value. By onerous work and monetary schooling we paid all that off. Now we’re specializing in growing our Passive Revenue Streams to make the cash work for us. Really feel Free to Comply with alongside the Journey by clicking the Social Media hyperlinks beneath or subscribing to get notified of recent posts on the sidebar.