- 3 sources of passive Revenue
- $1,040.43 from dividends
- 13 shares dripped in December
- Trailing 12 Month Portfolio Return 0.82%
Hey Hey Hey
A brand new yr has come. Man oh man did 2022 ever fly by? The market continues its downward spiral and we are able to see even higher costs on the market for long run buyers. I believe it will proceed for no less than the primary half of 23, however who is aware of. Power, Inflation and better rates of interest proceed to harm and enhance folks’s value of dwelling, however the governments proceed to print cash – devaluing our greenbacks. This might result in even greater inventory costs in greenback phrases.
We proceed to greenback value common into high quality dividend shares, whereas additionally placing some money apart for the top of the winter. (I’ve talked about how I believe banks, reits and many others are going to be in for a tough winter on account of financial pressures)
Life
Firstly of December we went on a household journey with the children to the Dominican. Was a good time to loosen up, drink loads, eat loads and take in the solar. Our flight again acquired delayed a number of instances and ended up being delayed over 7 hours. Sunwing gave us some meals vouchers for the airport and handed us a pamphlet saying we might be eligible for 250 again per particular person for the delay. I attempted making use of for that on the location however acquired instructed we received’t get something as a result of it was a security challenge. We preserve attempting to name them to speak however can by no means come up with them.. What a multitude.
On the similar time we landed at pearson airport at about 3.30 within the morning and was most likely the final flight of the night time, so customs went extraordinarily quick as everybody needed to go dwelling it appeared. That was good!
Christmas was quiet and unfold out this yr. The journey was a part of the children items, which they understood. We acquired them nonetheless fairly a little bit of stuff nevertheless it appears the times of all these tiny polly pockets and many others are over! That’s superior since I discover myself at all times cleansing up all these small toys.
I gained fairly a little bit of weight from the journey and Christmas however my gymnasium is within the storage and its too chilly, I haven’t been motivated to push weights. So we determined to purchase a Bowflex final 2. I had a really fundamental bowflex means again and beloved it however maxed the weights and bought it free of charge weights. This one actually has all the things together with a rower. (which is one thing I like to do)
I additionally began a brand new ball hockey league this month. Whereas I used to play with a gaggle of pals in a college gymnasium this can be a actual league, with penalties and factors monitoring and many others. Once I began we have been 0-3. Up to now since I joined we received 7-2 and tied the perfect crew 6-6 the opposite day. I’m not gonna say I’m the goat or something, however we’re undefeated since… haha
My legs and muscular tissues wanted the bowflex and hockey. I’m glad to be again. One among my principal objectives for 2023 is to get to 190 lbs. I’m at the moment 213. Whereas my dad bod is aigghht, it might be tigghht. Know what I’m saying? haha Let’s go!
Alright, Let’s Get To Our December 2022 Passive Revenue
Raises
0 Raises this month, however that was to be anticipated as each inventory we personal at the moment moreover xaw etf and disney raised their dividend in 2022.
Complete Added Revenue from Dividend Raises in 2022 – $537.09
Since our portfolio at the moment brings in $8,360 yearly these raises alone added simply over 7% to our revenue throughout 2022. That is the facility of dividend progress investing. Transferring ahead I plan on including extra or beefing up decrease yielding/ greater dividend progress positions within the portfolio. Let’s see if we are able to surpass 7% on the finish of 2023.
December 2022 Dividend Revenue
12 Firms paid us this month.
| Shares | December 2021 Revenue | December 2022 Revenue |
|---|---|---|
| 3M | 32.56 usd | bought |
| Canadian Utilities | 95.00 (2 Drips) | bought |
| Good Facilities | 33.30 (1 Drip) | bought |
| Manulife Monetary | 59.07 (2 Drips) | bought |
| RIT ETF | 66.15 (3 Drips) | bought |
| JNJ | 45.58 usd | 75.71 |
| Residence Depot | 19.00 | |
| Lockheed Martin | 89.60 usd | 66.00 usd |
| Stanley Black & Decker | 21.60 | |
| Microsoft | 11.78 usd | 28.56 |
| Couche Tard | 7.48 | 23.80 |
| Canadian Nationwide Railway | 59.04 | 79.84 |
| Franco Nevada | 0 | 5.22 |
| Brookfield Renewable | 87.81 (1 Drips) | 118.44 (3 Drips) |
| Suncor Power | 84.42 (2 Drips) | 213.72 (5 Drips) |
| Fortis | 0 | 128.82 (2 Drips) |
| Enbridge | 242.15 (3 Drips) | 259.72 (3 Drips) |
| Totals | 913.94 | 1,040.43 |
13 shares Dripped in December.
After final months single drip, it’s good to see extra shares dripping. Brookfield Renewable stands out as final yr it solely had 1 drip and right here we’re near 4 drips. I’ll add to this place to get it subsequent time.
In case your take a look at our Earlier Dividend Revenue Experiences.
Our Drips (Dividend Reinvestment Program) added a monster $30.79 in future dividends.
Different Revenue
Non-public Funding Cost – $1000.00
1k a month, Straight to the heloc.
Photo voltaic Panel Revenue
In November (We at all times receives a commission a month later) our photo voltaic panel system generated 215.38 kWh. Since we herald a hard and fast price of 28.8 cents per kilowatt hour, Hydro One deposited $61.96 into our chequing account this month.
Final November the system generated $66.79 so we’re barely decrease. Winter months for photo voltaic positively don’t do a lot.
Complete Revenue for 2022 – $2,287.07
System Put in January 2018
Complete System Value ——–$32,396.46
Complete Revenue Acquired ——–$12,172.29
_____________________________________________
Quantity to Break even —- $ –20,224.17
Clearly we are able to see these yearly numbers slowly lower, is it the panels or is our tree simply rising a lot its blocking them increasingly? I dunno. I preserve debating topping the tree again a bit, perhaps 5-10 ft?
Complete December 2022 Passive Revenue – $2,102.39
December 2021 Passive Revenue – $1,480.73
12 months over yr we see a rise of $621.66 in passive revenue this month or a 41.98% progress price. Candy. An excellent finish to the yr.
Totals For 2022
Dividends 12 months To Date Complete – $10,692.84
Different Passive Revenue 12 months up to now – $13,491.23
Complete Passive Revenue for 2022 —– $24,184.07
12 months Finish Aim – $25,000
We fell in need of our aim for the yr however we additionally did change our technique when rates of interest confirmed no indicators of slowing down. You may examine that right here. On the finish of 2021 we tallied up our complete passive revenue and it sat at $17,009.91. I’ll fortunately take an additional $7,000 yr over yr enhance to our passive revenue. It’s kinda blows my thoughts how a lot it has grown in solely 7 years. Ethical of the story – begin investing now.
December Inventory Purchases/ Gross sales
Let’s begin this off with 1 sale.
Franco Nevada
We bought our place already in Franco Nevada. This one simply ran up so quick from after I purchased it and at over 194 per share, I didn’t see us wanting so as to add to the place. We purchased 12 shares Sept 8 for 158 per share, so we locked in a 24% achieve in roughly 4 months. This sale misplaced $15.36 in ahead revenue.
Td Financial institution
This can be a inventory I at all times appreciated however bought off after I deleveraged the portfolio. I proceed to suppose financial institution inventory costs will get harm transferring ahead however needed to begin averaging again into our place after they introduced that 8% dividend increase in November. The proceeds of the franco nevada sale and new money have been used right here.
We purchased 44 shares of Td financial institution at $86.33 per share. Now chances are you’ll be questioning, however Rob you bought your place in td earlier than at 84.90 per share. That’s a nasty play. Sure within the brief time period it’s however like I discussed above I believe we’ll get td even cheaper in 2023. I bought 194 shares, this buy is barely 1 / 4 of what I had. I’m simply beginning to common again into our place.
This buy added $168.96 to our ahead dividends.
In complete we added $153.60 in future passive revenue this month.
Bitcoin
A part of the rationale for my sale of Franco Nevada was that I’m additionally hedging in opposition to the greenback with our bitcoin place. As I’ve acknowledged earlier than that is purely a speculative funding and I received’t be throwing massive stacks at it.
My plan for bitcoin is 100 to begin and 20 bucks added each week. I’ll replace how issues are going each month.
Complete invested – $230
I made a decision to go together with shakepay as a result of it’s regulated in Canada and also you shake the cellphone each day to get some free sats (bitcoin). I shake on a regular basis and with a forty five day streak, I’m now getting about 6 cents a day in free bitcoin.
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 focused on attempting out the crypto area. I admire the help.
Monetary Objectives Replace
Charities
Improve Dividends by $4285.81 this yr. (bringing our ahead revenue from dividends to $13,000 a yr)
Sadly I’m going to ignore this now. Whereas we might of been actually near hitting this, issues modified. I’m not as bullish in the marketplace and with rates of interest doubling in 6 months (and nonetheless rising) I made a decision to repay all our heloc which we used for investing. So long as the ahead passive revenue is greater at yr finish vs final yr, its all good!
Etf Month-to-month Minimal Buy of $250
- This month we added 6 extra models 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 would have liked to pay excessive buying and selling charges.
- * Word the questrade hyperlink is a affiliate hyperlink and at no extra value to you, I might get just a little fee in the event you have been to enroll. You can get $50 in free trades by utilizing my affiliate hyperlink although.
December 2022 Passive Revenue Conclusion
Its protected to say that 2022 was an incredible yr on the passive revenue entrance. Total it elevated by fairly a bit. As we begin 2023 its time to as soon as once more reevaluate the portfolio and the strikes we’re making. I plan on persevering with to extend the general progress portion of the portfolio. The upper yielding corporations are inclined to at all times be those, that you just query. In the meantime the decrease yielding ones enhance their dividend considerably and the inventory value climbs as properly.
Want you all nothing however peace, love, happiness and well being in 2023. Could it carry you all the things you actually need.
Entice what you count on, Mirror what you want, Turn out to be what you count on, Mirror what you admire – unknown
Hey I’m Rob, creator of Passive Canadian Revenue.
In 2011 me and my spouse had nearly $60,000 in debt and a unfavourable $7,000 Internet Price. By way of exhausting 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 Observe alongside the Journey by clicking the Social Media hyperlinks under or subscribing to get notified of recent posts on the sidebar.
