January 2024 Passive Revenue – Breaking Information

• 4 sources of passive Revenue
• $1,279.67 from dividends
• 45 inventory/models dripped in December
• Trailing 12 Month Portfolio Return 4.35%

  S&P 500 12 Month Whole Return +22.77% for February 2024

  S&P/TSX Composite Index 12 Month +5.62% February 2024
  

The market retains on ripping. Its really kinda loopy how a lot its ran up since November particularly.. We see a whole lot of firms decreasing steerage and firing off plenty of staff however the market doesn’t appear to care. Its all concerning the magnificent 7.

Life

Right here we’re a day earlier than Valentines day. Fairly insane how briskly time goes. Right here in Ontario it’s been fairly delicate to say the least, you nearly may name it spring like. Oh the fun of choosing up all of the canine pooh within the yard =)

I wrapped up a basement reno I’ve been engaged on. This one was kinda cool as we put in a slide on the steps for the youngsters and clearly adults too.. Received a warehouse renovation arising subsequent, however had per week or 2 to work round our home. Our laundry room was nonetheless wallpaper so I eliminated it to seek out….. extra wallpaper.. Haha evidently I ripped that one off and needed to skim coat all of it. Now the spouse desires to color the complete backside flooring.

Each our youngsters celebrated their birthdays this month. Our daughter is now 6 and the lil man, isn’t so little anymore at 11. They each had a celebration with pals however we instructed our son this can be his final greater bday social gathering. They value like 500 bucks every time to have like 10 pals go to a ninja warrior course and trampoline park. Could be higher inviting one buddy and staying at a waterpark in a single day or one thing..

You probably have older youngsters at what age did you begin to lower down on the bday partys?

Alright, Let’s Get To Our January 2024 Passive Revenue

Raises/ Cuts

The beginning of the 12 months all the time comes with a bunch of dividend elevate bulletins.

APD introduced a reasonably disappointing dividend elevate of 1.1%. Its not a foul transfer contemplating how a lot they’re spending on new initiatives, however the ceo made some bizarre feedback concerning the dividend providing a excessive beginning yield so why actually elevate it.. I dunno it got here off totally different in my view.

This elevate added $3.93 in ahead earnings.

CNR – Most likely my favorite Canadian inventory. Like clockwork they introduced their elevate in January. They’ve raised it ever 12 months since changing into a publicly traded firm. They bumped theirs 7% and introduced one other strong buyback.

This elevate added $25.96 in ahead earnings.

Whole Added Revenue from Dividend Raises in 2024 – $29.89

January had 2 dividend raises for our portfolio however February has been filled with them to this point. Needs to be an excellent 12 months for raises if issues proceed transferring alongside with none huge hiccups.

January 2024 Dividend Revenue

12 Firms paid us this month.

45 shares/models Dripped in January.

Nearly 13 hundred bucks. Magnificence! We had that Disney dividend which simply acquired reinstated. That particular costco dividend acquired deposited and we even had that particular dividend from Allied Property. An excellent month, love seeing these totals enhance.

In case your try our Earlier Dividend Revenue Reviews.

Our Drips (Dividend Reinvestment Program) added $63.83 bucks to our ahead earnings…. Fairly certain that’s a brand new document

Different Revenue

Personal Funding Cost – $1000.00

1k a month, very good!

Photo voltaic Panel Revenue

In December (We all the time receives a commission a month later) our photo voltaic panel system generated 156 kWh. Since we herald a set price of 28.8 cents per kilowatt hour, Hydro One deposited $44.94 into our chequing account this month.

Final December the system generated $27.98, so its protected to say the climate has been nicer this 12 months than final, properly not less than December.

Whole Revenue for 2024 – $44.94

System Put in January 2018

Whole System Value ——–$32,396.46

Whole Revenue Obtained ——–$14,323.9

_____________________________________________

Quantity to Break even —- $ —18,072.56

Bob requested me if I can embody my month-to-month energy invoice within the put up to match, so right here it’s. Our invoice for December was $167.46. So our system wouldn’t of coated the ability we used this month.

Money Again Credit score Card

We all the time pay our bank card balances in full so we don’t get charged any curiosity. In January they pay us a yearly bonus for utilizing their card.

This 12 months we acquired $775.06, candy!

Whereas I believed it was loads its really not an enormous leap from the earlier 12 months of 763.84 so perhaps inflation is cooling off a bit.

Whole January 2024 Passive Revenue – $3,099.67

January 2023 Passive Revenue – $2,640.34

A strong development price of 17.39% 12 months over 12 months. That is additionally the primary time we surpassed 3k in passive earnings. Feels good and simply exhibits what sticking to the plan can do. The chart under exhibits all of it. You begin with a pair bucks and momentum picks up, the snowball grows and the earnings does too!

When individuals ask for finance recommendation and I point out beginning with a bit little bit of enbridge to begin to really feel some earnings coming with out doing something they get excited. Then I say 1k will herald like 80 bucks a 12 months. 80 bucks? Thats it? That aint gonna do something for me…. Its all the time the identical they usually don’t begin investing. However its not the beginning, its the consistency of investing that can actually get issues transferring for ya.

I dont share and write these posts to brag. They assist me follow the plan and I additionally hope they encourage a few of you. I’ve mentioned it earlier than however after I began investing I knew nothing. I stumbled throughout some bloggers doing these actual posts and acquired fired up. You are able to do it as properly. That is your 12 months.

Totals For 2023

Dividends Yr To Date Whole – $1,279.67
Different Passive Revenue Yr so far – $1,820
Whole Passive Revenue for 2024 —– $3,099.67
Yr Finish Aim – $26,500 (11.69%)

Since we introduced in $24,184.07 final 12 months, the objective is to usher in $26,500 this 12 months. Let’s see if we will obtain this in 2024. A ten% enhance looks like a reasonably good objective for the 12 months.

 

January Inventory Purchases

TD Financial institution

We added 12 extra shares to our portfolio at a value foundation of $85.54 per share. arg! properly its a long run recreation, all good.

This buy added 48.96 in ahead dividends.

APD

We added 5 extra shares of apd earlier than earnings at 259.04 per share. Ouch once more.. Properly this one damage. A tiny dividend elevate and the inventory acquired killed as they spend extra on initiatives. Long run this needs to be wonderful although, I just like the hydrogen area transferring ahead.

The 5 shares added $35.10 in ahead earnings.

Costco CDR

As I’ve mentioned previously, I plan on including to this one as soon as 1 / 4 transferring ahead till it turns into in my prime 5 core holdings. It ain’t low-cost by any means however the enterprise is incredible and we would have liked a grocer place within the portfolio. We additionally may use extra development shares and costco acquired a lot room to develop in my view.

We added 32 extra shares at $32.12 per share. This provides $6.09 to our ahead earnings.

Total we added $90.15 in ahead earnings this month from purchases

Whole added ahead dividend earnings from purchases in 2023 – $90.15

Bitcoin

Bitcoin had a heck of a month. Its now develop into extra mainstream as its allowed to be traded like an etf. I suppose a few of the hype was baked into the worth because it rapidly tanked after the announcement however now has been rocketing larger as soon as once more.

As all the time we purchase a small quantity each paycheque and simply maintain greenback value averging into it.

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 just lately modified the best way shaking sats is finished. 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 about attempting out the crypto area. Or in case your a fan of the positioning and wanna toss me some btc my Shaketag is @hutz8 – value a shot =)

I recognize the help.

Monetary Objectives Replace

Charities

Etf Month-to-month Minimal Buy of $250

• This month we added 0 extra models 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.
• * Word the questrade hyperlink is a affiliate hyperlink and at no further value to you, I might get a bit cost in case you have been to enroll. You can get $50 in free trades by utilizing my affiliate hyperlink although.

We didn’t purchase and xaw this month.

January 2024 Passive Revenue Conclusion

As we begin the brand new 12 months, its nice to set new information for passive earnings and likewise set new targets. I’m trying ahead to seeing how this years outcomes shall be and the way the market does basically. Id prefer to suppose we’re due for a pullback however the market appears to disagree with me. Whiles there’s shares setting new all time highs there additionally is a few good worth on the market. This 12 months I’ll attempt to get an excellent mixture of each. On the finish of the day whole returns matter and I’m lagging the market.

What are your targets for 2024 financially talking? How do you suppose the market will do by 12 months finish? we be up or down from present values?

cheers

It’s much less about changing into a greater individual and extra of being higher, as an individual – JR Rim

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 Internet Value. By way of arduous 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 Comply with alongside the Journey by clicking the Social Media hyperlinks under or subscribing to get notified of latest posts on the sidebar.