December 2023 Passive Revenue – Virtually 25k In 2023!
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- 3 sources of passive Revenue
- $1,259.83 from dividends
- 18 inventory/items dripped in December
- Trailing 12 Month Portfolio Return 5.51%
S&P 500 12 Month Whole Return +23.53% for December 2023
S&P/TSX Composite Index 12 Month +11.34% January 2 2024
Who would of thought 2023 could be bringing these sort of returns.. Completely loopy.. A few of my accounts out carried out however whenever you embody Algonquin it brings it manner down. Lets see what 2024 brings, will the magnificent 7 proceed to hold the market? Time will inform
Life
December was month however in a manner kinda miserable. We actually didn’t get any snow till New years. Its been heat and positively to not Christmasy.. Haha I assume I’m old skool however I like me a white Christmas.
As I beforehand talked about in my previous publish initially of the month we went to Florida – Common, Disney and a Cruise. The remainder of the month I didn’t do an excessive amount of, however did begin the method of taking on of our panorama firm. It’s thrilling however with it probably comes much more work and hopefully extra revenue.
I can be switching the corporate from a sole proprietorship to a included firm. Needs to be some nice tax benefits and much more dividends! I’ll hold you posted as this progresses.
Christmas was good, and we’re blessed to be round a lot household for the vacations. The youngsters acquired plenty of Barbies and a few change video games. I acquired socks, boxers, chocolate oranges and naturally reese’s. Que – One Republic’s Good Life
New 12 months’s we went over to a buddies, the youngsters performed, the women chatted, we ate some nice meals, cracked some beers and celebrated one more yr on this place we name earth.
Alright, Let’s Get To Our December 2023 Passive Revenue
Raises/ Cuts
I don’t suppose we acquired any raises this month however apart from Aecon, I’m fairly positive each firm in our portfolio raised their dividend this yr.
Whole Added Revenue from Dividend Raises in 2023 – $194.96
A decrease increase total for the yr. Bryan Adam’s could say it greatest that Algonquin dividend “cuts like a knife”. With out it we might of been close to $500 and with 10k in ahead revenue on the finish of the yr we might be near a 5% dividend development fee. Though we began 2023 with a $8,350.93 ahead revenue so I assume it could be larger. Don’t know the way you’ll calculate that. Common the beginning and end numbers?
December 2023 Dividend Revenue
12 Firms paid us this month.
| Shares | December 2022 Revenue | December 2023 Revenue |
|---|---|---|
| Stanley Black & Decker | 21.60 | bought |
| Franco Nevada | 5.22 | bought |
| JNJ | 75.71 | 79.73 |
| House Depot | 19.00 | 60.61 |
| Lockheed Martin | 66.00 usd | 78.75 |
| Microsoft | 28.56 | 30.75 |
| Couche Tard | 23.80 | 36.93 |
| Canadian Nationwide Railway | 79.84 | 93.22 |
| Brookfield Asset Mngt | 0 | 24.40 |
| Allied property | 0 | 42.00 (2 Drips) |
| Brookfield Renewable | 118.44 (3 Drips) | 155.85 (4 Drips) |
| Suncor Vitality | 213.72 (5 Drips) | 234.35 (5 Drips) |
| Fortis | 128.82 (2 Drips) | 139.24 (2 Drips) |
| Enbridge | 259.72 (3 Drips) | 284 (5 Drips) |
| Totals | 1,040.43 | 1,259.83 |
18 shares/items Dripped in December.
To say that I used to be impressed tabulating this month’s revenue would in all probability be an understatement. This was a strong improve in comparison with the $1,150.03 in September. I actually like how the portfolio has morphed through the years to raised high quality corporations.
This month was our first fee by Allied Property. Whereas I wouldn’t put it underneath the large moat high quality corporations it has already performed very properly for us in just like the month in a half we’ve got had it. Will it proceed like this? Who is aware of, however that particular dividend is coming our manner in January. Plus that costco particular dividend! Candy =)
In case your try our Earlier Dividend Revenue Experiences.
Our Drips (Dividend Reinvestment Program) added $44.84 bucks to our ahead revenue…. =)
Different Revenue
Personal Funding Cost – $1000.00
1k a month, very good!
Photo voltaic Panel Revenue
In November (We all the time receives a commission a month later) our photo voltaic panel system generated 248 kWh. Since we usher in a set fee of 28.8 cents per kilowatt hour, Hydro One deposited $66.69 into our chequing account this month.
Final November the system generated $61.96, so we got here out barely forward. It is going to be attention-grabbing to see what Decembers photo voltaic will appear like on this local weather.
Whole Revenue for 2023 – $2,106.67
System Put in January 2018
Whole System Price ——–$32,396.46
Whole Revenue Obtained ——–$14,278.96
_____________________________________________
Quantity to Break even —- $ —18,117.5
Final yr’s photo voltaic revenue was 2,287.07 so we’re seeing a fairly first rate decline in earnings. I do know my tree is getting larger however is that this the issue? I dunno. Perhaps I gotta go up there and squegee these panels clear once more.
Whole December 2023 Passive Revenue – $2,326.52
December 2022 Passive Revenue – $2,102.39
$224.13 improve yr over yr or a ten.66% development fee. Hey that ain’t dangerous in any respect. We’re again to some development after promoting over 100k of inventory final october.
Whereas it was transfer to deleverage a few of these gross sales are up and a few down. One factor that stands out is my rant in regards to the world. Right here we’re a yr later and issues don’t appear that dangerous in regards to the issues I used to be happening about.. Perhaps the mass immigration, upcoming us election and the present wars could also be completely different this time. It does level out how there may be all the time horrible information and politics…
Totals For 2023
Dividends 12 months To Date Whole – $9,424.32
Different Passive Revenue 12 months up to now – $14,870.51
Whole Passive Revenue for 2023 —– $24,294.83
12 months Finish Objective – $26,000 (93.44%)
Beneath the objective however that’s alright. Final yr we introduced in $24,184.07. So actually not an enormous soar, in case you simply take a look at the numbers. However the factor is we collected all these dividends from the 100k we bought final yr. The gross sales misplaced us about 4k in dividend revenue and right here we’re.
8 Years of investing from 0 to nearly 25k per yr. We see the expansion and spikes within the chart above and with the facility of three, that may solely develop quicker. Drips, Dividend Raises and New Capital.
December Inventory Purchases
CoucheTard – ATD
An important firm that has handled us very properly. The inventory worth is up properly and the 20% plus yearly dividend raises aren’t dangerous both. =) We added one other 17 shares at a value foundation of $76.46 per share.
This provides $11.90 to our ahead dividends.
Nutrien – Ntr
Our primary supplies sector is certainly one of our lowest sectors and this place is a small certainly one of ours as properly. Whereas its technically not a large moat firm, it just about is. Sadly the enterprise is very cyclical and right here we’re, near 52 week lows. The great factor is I do know the world will all the time want meals, and we’d like fertilizer to maximise these crops. That’s Nutrien’s bread and butter. One other good factor, Nutrien likes to purchase again inventory and I’m fairly positive they are going to be making the most of these present costs in that regard.
- December 31, 2018 shares excellent – 608.54 million
- October 21 2023 shares excellent – 494.55 million
Rbc says Nutrien is undervalued and at the moment provides them a good worth of 99.75 per share. If we have been to pop as much as that worth that’s a 25.16% return not together with that dividend.
We added 13 extra shares at 76.19 per share. This provides $27.56 to our ahead dividends.
General we added 39.46 in ahead revenue this month.
Whole added ahead dividend revenue from purchases in 2023 – $1,608.14
Bitcoin
To say bitcoin has had yr would in all probability be an understatement. Wow! 167.17%
We determined 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). They lately modified the way in which shaking sats is completed. 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 concerned with making an attempt out the crypto area. Or in case your a fan of the location and wanna toss me some btc my Shaketag is @hutz8 – price a shot =)
I admire 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 somewhat fee in case you have been to enroll. You might get $50 in free trades through the use of my affiliate hyperlink although.
We didn’t purchase and xaw this month.
December 2023 Passive Revenue Conclusion
Im proud of the progress we’ve got made in 2023. Let’s hope the market retracts a bit as we’re nonetheless in accumulation section and a few of these pe’s are simply loopy. haha Want you all nothing however the most effective in 2024! How did you do that yr? any targets for 2024?
cheers
The view is best outdoors of your consolation zone. This new yr, its time to test it out – unknown
Hey I’m Rob, creator of Passive Canadian Revenue.
In 2011 me and my spouse had nearly $60,000 in debt and a detrimental $7,000 Web Price. Via arduous work and monetary schooling 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 under or subscribing to get notified of recent posts on the sidebar.
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