- 3 sources of passive Earnings
- $302.81 from dividends
- 1 shares/items dripped in August
- Trailing 12 Month Portfolio Return +3.67%
S&P 500 12 Month Complete Return +15.94% for August 2023
S&P/TSX Composite Index 12 Month +7.58% Sept 24 2023
We’re beginning to see issues cool off a bit out there. Whereas there’s all the time one thing to purchase I discover there are a number of actually tempting costs on the market. I assume we’re in a rates of interest will keep increased for longer setting. Be conscious of what you’re shopping for for the time being.
Life
Time is simply flying by. Trying again in August we went to America to go glamping on the KOA with some cousins. At all times a good time there!
We went to wonderland as soon as once more, Its tremendous enjoyable now that my daughter is tall sufficient for sure curler coasters. She loves them.. Its tremendous packed although.
I did a job for a shopper who owns a falconry and made a deal for the falconry expertise for our crew. It was sooo cool seeing the hawks/owls and likewise flying a harris hawk!
Alright, Let’s Get To Our August 2023 Passive Earnings
Raises/ Cuts
Final month was a quiet month as soon as once more for dividend bulletins.
Complete Added Earnings from Dividend Raises in 2023 – Adverse $-48.24
Nonetheless underwater from that 1 dividend minimize this 12 months… September introduced the raises although!.
August 2023 Dividend Earnings
5 Corporations paid us this month.
| Shares | August 2022 Earnings | August 2023 Earnings |
|---|---|---|
| Sensible Facilities | 35.77 (1 Drip) | bought |
| Rit ETF | 67.77 (3 Drips) | bought |
| Nationwide Financial institution of Canada | 153.64 (1 Drip) | bought |
| Proctor & Gamble | 31.05 | 31.98 |
| Abbvie | 98.70 | 103.60 |
| Air Merchandise & Chemical substances | 74.52 | 80.50 |
| Common Mills | 78.30 (1 drip) | 86.73 (1 Drip) |
| Texas Devices | 0 | 44.64 |
| Totals | 539.75 | 302.81 |
1 shares/items Dripped in August.
This month is all the time our lowest and actually isn’t getting a lot further funds working for it. All us {dollars} which is all the time good, I’ll put that to work quickly sufficient.
In case your try our Earlier Dividend Earnings Experiences.
Our Drips (Dividend Reinvestment Program) added $2.36 bucks to our ahead revenue…. Nearly a espresso as of late =)
Different Earnings
Non-public Funding Fee – $1000.00
1k a month, very good!
Photo voltaic Panel Earnings
In July (We all the time receives a commission a month later) our photo voltaic panel system generated 1,144 kWh. Since we herald a set price of 28.8 cents per kilowatt hour, Hydro One deposited $280.31 into our chequing account this month.
Final July the system generated $309.08, so as soon as once more we are available in decrease.. arg!
Complete Earnings for 2023 – $1,474.18
System Put in January 2018
Complete System Price ——–$32,396.46
Complete Earnings Obtained ——–$13,646.47
_____________________________________________
Quantity to Break even —- $ —18,749.99
Convey on the solar!
Complete August 2023 Passive Earnings – $1,583.12
August 2022 Passive Earnings – $1,848.83
Photo voltaic and dividends each down and our off month. Gotta develop these months again a bit.
Totals For 2023
Dividends Yr To Date Complete – $5,731.77
Different Passive Earnings Yr to this point – $10,238.02
Complete Passive Earnings for 2023 —– $15,969.79
Yr Finish Purpose – $26,000 (61.42%)
16k not unhealthy! however we’re 10k off, lets go!
August Inventory Purchases/Gross sales
This month we made 2 purchases including to 1 place we at present have and beginning a brand new place
Purchases
We added to our Couche-tard place because it’s been unbelievable for us.
20 shares had been acquired at a value of $65.94 per share. Including $11.20 in ahead dividends.
We additionally began a brand new place in Brookfield Asset Administration. After I bought off all our monetary shares final 12 months, I stated I wouldn’t be shopping for again bns and can as an alternative begin a place in bam as I don’t want 3 Canadian Banks.
Td, Nationwide Financial institution and Bam will maintain the monetary sector down for us shifting ahead.
31 shares had been added to the portfolio at a value of 44.76 per share. This buy provides $39.68 in ahead dividends.
All in all we added $50.88 in future yearly dividend revenue with these purchases. Some yield and a few increased progress.
Complete added ahead dividend revenue from purchases in 2023 – $848.13
Bitcoin
Bitcoin kinda went sideways in August however we proceed so as to add 20 bucks per week to our place.
We determined to go along 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 taken with making an attempt out the crypto house. Or in case your a fan of the location and wanna toss me some btc my Shaketag is @hutz8
I respect the assist.
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 provides 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.
- * Notice the questrade hyperlink is a affiliate hyperlink and at no further value to you, I might get a bit of fee if you happen to had been to enroll. You can get $50 in free trades through the use of my affiliate hyperlink although.
We didn’t add this month as I felt like our purchases provided a greater alternative for the time being.
August 2023 Passive Earnings Conclusion
1 month late, wow I’m falling behind. I assume its higher than by no means. On to the September publish, I promise it will likely be higher
The posts could also be late, however the dividend’s by no means are – =)
Hey I’m Rob, creator of Passive Canadian Earnings.
In 2011 me and my spouse had virtually $60,000 in debt and a adverse $7,000 Internet Value. By laborious work and monetary schooling we paid all that off. Now we’re specializing in growing 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 recent posts on the sidebar.
