May 2023 Passive Income Update — Passive Canadian Income
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- 3 sources of passive Income
- $340.10 from dividends
- 0 stocks/units dripped in May
- Trailing 12 Month Portfolio Return -1.25%
It looks like for the first time in a while we have under performed the market if we average both those out. Still pretty close.
The market keeps doing its thing but there’s some sectors that seem to be screaming values at the moment. Banks, Telco’s and Reit’s. Maybe I would even add healthcare in there, of course for that sector you gotta go south of the border.
Bank’s offer a nice yield at the moment but Im sure we will continue to see more loan loss provisions. I don’t think they will be shooting up in price any time soon. Td buying back up to 30 million shares is pretty nice here though =)
Meanwhile Tech is on a hell of a tear once again. I built our Microsoft position up to 5% of our portfolio on their dip and now its over 8%.. I keep debating trimming but there’s just so much to like about Microsoft.
Life
As I said in my last post work has kept me very busy, but last week I got pretty sick. I think it was my body telling me to slow the fu^& down.. We know we need too but just don’t. Life is all about balance and ideally we get that perfect life/work/ relationship balance but its hard in the spring.
Anywho…
My sons rep soccer keeps things interesting. Its now 3 days a week and pretty fun to watch. He has played a practice in Tim horton’s field and even got to walkout with the forge fc players and play a game during halftime there. Very cool!
The weather has been fantastic so we have been taking advantage of that by going to the beach and stuff like that.
We still have our seasons pass at wonderland and went there mothers day. The place was pretty dead. But the best part was our daughter who is 5 has been so excited to go on the big roller coasters because she grew.. To our surprise she is now tall enough to go on the ghoster coaster and did we ever…. She had sooo much fun, we went on like 5 times in a row (like I said it was dead, right off the ride and back on – no lines)
It’s pretty sweet being able to now go on the rides all together without one of us sitting back waiting with her. On a side note if you didn’t know I’ve always hated coasters as I hate heights. Well I have been pushing myself to get over those fears and actually did the vortex last time. Big steps…. haha anyways that was awesome, ready for the next one.
Alright, Let’s Get To Our April 2023 Passive Income
Raises/ Cuts
While there was a lot of raise announcements this month our portfolio didn’t get any (well we have like 3 telus shares from selling after ex dividend date, but for simplicity I wont count those =)
Total Added Income from Dividend Raises in 2023 – Negative $77.65
Dam You aqn! haha jk…….
May 2023 Dividend Income
5 Companies paid us this month.
| Stocks | May 2022 Income | May 2023 Income |
|---|---|---|
| National Bank of Canada | 104.40 (1 Drip) | sold |
| Rit Etf | 67.16 (3 Drips) | sold |
| Smart Centers | 34.07 (1 Drip) | sold |
| Proctor & Gamble – USD | 21.92 | 31.98 |
| Air Products & Chemicals – USD | 74.52 | 80.50 |
| Texas Instruments – USD | 11.50 | 44.64 |
| Abbvie – USD | 98.70 | 103.60 |
| General Mills – USD | 73.44 (One Drip) | 79.38 |
| Totals | 485.71 | 340.10 |
0 stocks/units Dripped in May.
Our American months! Not a single Canadian payer at the moment. Straight usd! Not bad.. I like getting those usd so I don’t need to convert currency’s next time.
If your interested check out our Previous Dividend Income Reports.
Our Drips (Dividend Reinvestment Program) added 0 bucks…. cash is king? maybe these months =)
Other Income
Private Investment Payment – $1000.00
1k a month, very nice!
Solar Panel Income
In April (We always get paid a month later) our solar panel system generated 917.15 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $264.14 into our chequing account this month.
Last April the system generated $264.72, crazy that it’s literally 58 cents off!
Total Income for 2023 – $503.89
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$12,676.18
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Amount to Break even —- $ –19,720.28
Bring on the sun!
Total May 2023 Passive Income – $1,604.24
May 2022 Passive Income – $1,750.43
Since dividends are down and everything else is flat, this was to be expected.
Totals For 2023
Dividends Year To Date Total – $3,376.78
Other Passive Income Year to date – $6,267.73
Total Passive Income for 2023 —– $9,644.51
Year End Goal – $26,000 (37.09%)
5 months of the year done, we are a little behind. Come on solar…
May Stock Purchases
This month we made 3 separate purchases.
We decided the time was right to increase our holdings in Nutrien. Fertilizers will continue to play a vital role in our future of food and Nutrien is one of the best plays in that space. They also raised their dividend by 10% this year and I always try to grow positions we hold if they do that.
We bought 12 shares at $87.52 per share. The price is even better currently so we may add more in the future. This purchase adds $25.44 usd yearly in forward income.
Couche-Tard – This company has done very well for us and the dividend raises have been massive. Will the change to electric really destroy the business? I dont think so. I like the move diversifying into the car wash space as well.
We added 21 more shares at 66.21 per share. This adds 11.76 in forward income.
TD Bank – We continue to rebuild this position. We added 14 more shares at 78.30 per share. This adds 53.76 to our forward income.
All in all we added $90.96 in future yearly dividend income with these purchases.
Total added forward dividend income – $410.23
Bitcoin
Bitcoin has basically went sideways lately, but we continue to put 20 bucks a week into it. (June is a different story though!)
decided to go with shakepay because it is regulated in Canada and you shake the phone daily to get some free sats (bitcoin). They recently changed the way shaking sats is done. You get a certain amount per day now
A 100 dollar deposit gets you 10 bucks and 10 for the referrer. Feel free to use my affiliate here if your interested in trying out the crypto space. Or if your a fan of the site and wanna toss me some btc my Shaketag is @hutz8
I appreciate the support.
Financial Goals Update
Charities
Etf Monthly Minimum Purchase of $250
- This month we added 0 more units of xaw etf.
- Questrade* is great because it offers free etf trades and cheaper stock trading options than most Canadian brokers. $250.00 a month would kill us if we needed to pay high trading fees.
- * Note the questrade link is a affiliate link and at no additional cost to you, I would get a little payment if you were to sign up. You could get $50 in free trades by using my affiliate link though.
We didn’t add this month as I felt like our purchases offered a better opportunity at the moment.
May 2023 Passive Income Conclusion
While the overall income is lower yet again, it feels good to be debt free. The totals continue to climb back up and with new capital we will be setting new records soon enough once again. I hope you all had a great month as well.
The year is flying, go out there and enjoy it!
I cursed the fact I had no shoes until I met a man who had no feet – Persian Proverb
Hey I’m Rob, creator of Passive Canadian Income.
In 2011 me and my wife had almost $60,000 in debt and a negative $7,000 Net Worth. Through hard work and financial education we paid all that off. Now we are focusing on increasing our Passive Income Streams to make the money work for us. Feel Free to Follow along the Journey by clicking the Social Media links below or subscribing to get notified of new posts on the sidebar.
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