• 3 sources of passive Earnings
• $917.34 from dividends
• 37 shares/items dripped in October
• Trailing 12 Month Portfolio Return +1.96%

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

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

Decrease than the market 12 months thus far as soon as once more. Algonquin and Aecon particularly are simply beating us down. Aecon ought to bounce again as enterprise is nice, they’re simply getting killed on initiatives quoted earlier than all this inflation. Algonquin I dunno, I simply hope they maintain their water belongings and switch issues round.

Life

October is time to get enthusiastic about halloween as soon as once more. All through this 12 months we’ve got been buying extra used animatronics. This 12 months our setup was so large it had to enter the yard as properly. The youngsters within the neighbourhood cherished it and so did I. Sadly the disassembly is rather a lot much less enjoyable then the setup.

I cheated this 12 months for Movember and grew a beard all October in preparation. As all the time I like to take part in Movember and rock the stache. This 12 months hits a bit of nearer as my dad has been battling prostate most cancers and I can fortunately say the whole lot seems to be good now, as he discovered it early. Get issues checked out boys! Effectively you too women…. Fupercentk Most cancers proper?

If you need to help my movember that will be fairly candy of ya. Hey it feels good to offer, places a smile on my face and can also be a tax write off.. Win/win/win Robs Movember

Alright, Let’s Get To Our September 2023 Passive Earnings

Raises/ Cuts

One other increase this month

• Abbvie – Abbvie got here by means of with a 4.7% increase. Fairly good contemplating they’re nonetheless navigating the humira points. This increase provides $19.60 in ahead dividends for us.

Whole Added Earnings from Dividend Raises in 2023 – $15.08

We’re lastly within the constructive territory after that algonquin dividend minimize earlier this 12 months. Candy…

October 2023 Dividend Earnings

8 Corporations paid us this month.

37 shares/items Dripped in October.

Nice to see these months again with some 12 months over 12 months development. The funds are getting chunkier too.

In case your take a look at our Earlier Dividend Earnings Stories.

Our Drips (Dividend Reinvestment Program) added $49.36 bucks to our ahead earnings…. candy!

Different Earnings

Personal Funding Cost – $1000.00

1k a month, very good!

Photo voltaic Panel Earnings

In September (We all the time receives a commission a month later) our photo voltaic panel system generated 733kWh. Since we herald a set charge of 28.8 cents per kilowatt hour, Hydro One deposited $211.17 into our chequing account this month.

Final September the system generated $204.81, so we got here out barely forward this time

Whole Earnings for 2023 – $1,936.82

System Put in January 2018

Whole System Value ——–$32,396.46

Whole Earnings Acquired ——–$14,109.11

_____________________________________________

Quantity to Break even —- $ —18,287.35

The solar continues shining and the earnings retains coming. =)

Whole October 2023 Passive Earnings – $2,128.51

October 2022 Passive Earnings – $2,117.63

A pair bucks is a pair bucks proper? Depend it!

Totals For 2023

Dividends Yr To Date Whole – $7,799.14
Different Passive Earnings Yr thus far – $12,700.66
Whole Passive Earnings for 2023 —– $20,499.80
Yr Finish Aim – $26,000 (78.84%)

Breaking 20k for 2023, very good! It nonetheless amazes me getting this. Only a couple years in the past we had no passive earnings. Once I inform folks about dividends they’re like oh 30-80 bucks? That ain’t gonna change my life.. However its these fixed 30-80$ will increase that can. Don’t concentrate on the brief time period, long run you can be laughing..

 

October Inventory Purchases

CNR – Canadian Nationwide Railway. We added extra shares to our current place. That is one in every of my favorite firms we personal and when it yields over 2% it usually has been a great time to purchase. I added 9 extra shares at a value foundation of $146.92 per share.

This buy provides $28.44 in ahead dividends.

Costco – We determined so as to add a grocer in our portfolio. Whereas costco is alot greater than that, meals is its bread and butter. It’s not an inexpensive inventory by any means however the development has been unbelievable and I may see that persevering with sooner or later. A easy increase on the membership charges will increase their earnings and that can in all probability occur quickly sufficient. Personally we dont have a costco membership. Why? As a result of the place is simply too busy. I hate their parking zone and buying there. That claims rather a lot. Plenty of room for development for my part and our portfolio may use extra development.

We went the cdr route on this one in our tfsa. I like that I’m not changing {dollars} and at 26 bucks per unit the youngsters can, and did add it to their portfolio as properly. We purchased 46 shares at 25.83 per unit. This provides a monster $8.79 in ahead earnings.

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

Whole added ahead dividend earnings from purchases in 2023 – $1,031.40

Bitcoin

I’ve now been shopping for bitcoin for a 12 months as I began in November final 12 months. To say its been an incredible funding can be an understatement.

We determined to go together with shakepay as a result of it’s regulated in Canada and also you shake the cellphone every day to get some free sats (bitcoin). They not too long ago modified the best way shaking sats is finished. You get a certain quantity 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 concerned with making an attempt out the crypto house. Or in case your a fan of the positioning and wanna toss me some btc my Shaketag is @hutz8 – price a shot =)

I respect the help.

Monetary Objectives Replace

Charities

Etf Month-to-month Minimal Buy of $250

• This month we added 4 extra items of xaw etf.
• Questrade* is nice as a result of it gives 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.
• * Be aware the questrade hyperlink is a affiliate hyperlink and at no further value to you, I might get a bit of cost if you happen to have been to enroll. You possibly can get $50 in free trades through the use of my affiliate hyperlink although.

We added a pair bucks to get 4 shares of xaw etf this month. =)

October 2023 Passive Earnings Conclusion

A terrific month general. Im pleased with how the month went and that our portfolio is again to constructive 12 months over 12 months development. I hope you all had an incredible month as properly.

cheers

Benefit from the little issues in life, for in the future it’s possible you’ll look again and understand they have been the large issues – Robert Brault

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

In 2011 me and my spouse had virtually $60,000 in debt and a unfavorable $7,000 Internet Value. By means of onerous work and monetary training we paid all that off. Now we’re specializing in rising our Passive Earnings 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 latest posts on the sidebar.