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December 2018 – Passive Income Update

December 2018 – Passive Income Update

December 2018 – Passive Income Update

Here we go! The start of another fantastic year. Happy New years to all of you. I hope you all had a wonderful new years with a couple cold beers or whatever you fancy. This is our December 2018 Passive Income Report.

December was yet again a great month. The weather here has actually been pretty mild, but we did have a dash of snow on Christmas to whiten everything. The sickness is gone in our house now, so we did a couple hikes with the dog. Me and my son are playing a lot of super smash bros these days on the Nintendo Switch. I guess Santa was pretty nice this year. Anyways love the game, and maybe Santa got it partly for himself as well =) Ho Ho Ho!

Raises Or Cuts

Might as well start with the bad new first. AltaGas (OTCPK:ATGFF) cut their dividend by 56%. Big cut, but when I really felt they would cut it, it was too late. The price dropped so much that, after the cut, it currently yields 7%. I have even debated buying more at these prices. I need to keep reminding myself to focus on dividend growth stocks, but the value seems so good at these levels. My holding is less than 1% of my portfolio, so I’ll continue to hold and it really won’t hurt the income that much.

Meanwhile, the portfolio got a couple nice raises.

  • Bank of Montreal (NYSE:BMO) boosted theirs yet again, this time by 4%. MMMMM……
  • National Bank (OTCPK:NTIOF) followed suit with a 4.8% raise this time; got to love these Canadian banks!
  • Enbridge (NYSE:ENB) came through as promised, tossing everyone an extra 10%!

This is huge considering they are my biggest holding by far. The raise alone was over $90 in forward income and pushed our yearly dividends from Enbridge over 1,000 bucks now, Just crazy! But also reminds me I really need to cut this position down in size a bit. Love the company, it’s just too big of a holding of mine.

Dividend Income

15 Companies paid us this month.

Stocks

Dec 2017 Income

Dec 2018 Income

Totals

548.87

624.5

IBM (NYSE:IBM)

27.00 USD

28.26

Cineplex (OTCPK:CPXGF)

11.20

sold

Russel Metals (OTCPK:RUSMF)

17.48

17.48

AltaGas

5.48

5.48

Sienna Senior

2.40

2.45

High Liner Foods (OTC:HLNFF)

21.75

21.75

Canadian National Railway (NYSE:CNI)

14.85

28.21

Manulife (NYSE:MFC)

6.15

sold

ZDY ETF

7.13

7.67

Inter Pipeline (OTCPK:IPPLF)

N/A

7.98

Auto Properties

3.62

sold

Richie Bros Auctions

32.63

sold

Boardwalk REIT (OTCPK:BOWFF)

5.44

sold

Hydro One (OTC:HRNNF)

44.22 (One Drip)

sold

Brookfield Renewable (NYSE:BEP)

62.66 (One Drip)

89.29 (2 Drip’s)

Corus Entertainment (OTCPK:CJREF)

9.79

13.32 (3 Drip’s)

Shaw (NYSE:SJR)

29.82 (One Drip)

31.01 (One Drip)

Canadian Utilities

N/A

75.51 (2 Drip’s)

Riocan (OTCPK:RIOCF)

37.95 (One Drip)

40.20 (One Drip)

Extendicare (OTCPK:EXETF)

15.32 (One Drip)

17.00 (2 Drip’s)

Enbridge

193.98 (3 Drip’s)

238.89 (4 Drip’s)

15 Drips this month. Sweet you got to love these lower prices in the market now!

November 2018 Dividend Total = $624.50 (13.72% higher yr over yr)

November 2017 Dividend Total =$548.87 (Previous Dividend Income)

Our Drips (Dividend Reinvestment Program) added $26.21 to our yearly forward dividend’s this month.



A 13.72% year-over-year growth is not massive, but respectable. Selling those stocks in August for the car, hurt these percentage changes, but no regrets!

Other Income

Private Investment Payment – $500.00

Nothing new here, just our regular monthly payment. (I don’t even have to edit this part every month) Steady Eddy…

Solar Income

In November, our solar panel system generated 138 kWh. A surprisingly low number. Considering we got hammered with snow in mid-November and it didn’t go away until December, I guess I can’t complain. Since we get paid a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $39.74 into our chequing account this month. Womp Womp………

System Installed January 2018

Total System Cost – $32,396.46

Total Income Received – $2515.96

_____________________________________________

Amount to Breakeven – $-29,880.50


AdSense

Thanks again to everyone using one of our referral links to Amazon to make their purchases over the holidays. Amazon (NASDAQ:AMZN) tossed us a cool $12.10. Not a massive chunk of change, but that’s like 4-5 tall cans. Party Time!


December 2018 - Passive Income

Total December 2018 – Passive Income – $1,176.34

Total Passive Income Increase over last year. – hahaha just over 15 bucks…. Kind of laughable.

Not huge at all, but looking back last December Google (NASDAQ:GOOG) (NASDAQ:GOOGL) deposited over 110 bucks from AdSense. These payments make things a little less predictable with year over year comparisons, I guess. Free money though, no complaints here.



Totals For 2018

Dividends Year To Date Total – $5,076.33
Other Passive Income Year To Date – $8,956.87
Total Passive Income For 2018 – $14,033.2
Year End Goal – $15,000 – 93.55%

December 2018 Purchases/Sales

In an effort to better diversify our current investment portfolio, I decided to trim a bunch of positions that were over 5% of the portfolio and move them into my lower overall sectors. Don’t get me wrong. I’m long all these stocks (besides the ETF). I sold the ETF because it was in our RRSP account, and I’d rather have a solid healthcare dividend stock with no management fees to boot!

Sold

Bought

  • 111 shares of Transcontinental (OTCPK:TCLAF)

  • 197 shares of Dream Global REIT (OTC:DUNDF)

  • 34 Shares of AbbVie (NYSE:ABBV)

You can read about all these moves, in this post. Overall, I think the recent moves makes my portfolio better for the long run.

Conclusion

It really shows you how beneficial doing these kind of monthly posts are. I honestly thought we have been killing it in these quarter ending months, but yet the increase year over year is very minor. At least, in this regard. I know I have been focusing more on improving the other 2 months though.

Overall, the growth as a whole has been very good, and I learned a lot of lessons this year. Luckily, both my dividend cuts were small holdings. If I recall right, Dave Ramsey called these mistakes stupid tax… Haha!

While we didn’t hit our overall goal this year, it was pretty dam close and I’m proud of how we are doing. Last year, we ended up bringing in $6,328.41 in passive income, which was way more than I thought we would.

Here we are a year later and we brought in $14,033.21.

A year-over-year increase of 121.74%.

If you look at it this way, man that’s pretty dam good! How quickly that smile can come back. haha… While I highly doubt these growth rates will continue, I’ve been wrong before.

As always, the funds just get put back to work to strengthen our dividend portfolio.

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