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Passive Income Update – Dec 2018

Welcome to our monthly passive income update for December 2018. This is part of the scorecard series where we track our dividends and other sources of passive income. We also include changes and updates related to our investments during the month – showing the overall progress.

Passive Income  Update

Passive income for the month of December 2018 was CAD$1,098.59, which comprised of US$147.37 and CAD$898.17 (exchange rate is US$1 = CAD$1.36).


The change for the month is 96.16% QoQ and -27.5% YoY. I would’ve received a bigger annual dividend in December had I not sold some of my index funds in August, but I have no regret for doing that since the timing worked out great before the Q4 2018 correction started and I would’ve lost a lot more capital by staying invested.
This brings our passive income to $9,238.40 for the year of 2018 and achieves 83.99% of our annual goal of earning $11K, well below the target.


Income Sources

Passive income contributing entities:
Stocks:
  • Brookfield Asset Management (BAM.A.TO)
  • Brookfield Infrastructure Partners LP (BIP.UN.TO)
  • Canadian Utilities Ltd (CU.TO)
  • Franco Nevada Corp (FNV.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Johnson & Johnson (JNJ)
  • Wheaton Precious Metals (WPM & WPM.TO)
Funds:
  • BMO Aggregate Bond Index ETF (ZAG.TO)
  • BMO EM CAD Hedged Bond ETF (ZEF.TO)
  • Vanguard Emerging Market Bond ETF (VWOB)
  • Scotia Diversified Monthly Income Fund (mutual fund)
Options:
  • I wrote 15 covered call STO option contracts on B2Gold (BTO.TO)
Other:
The breakdown of our passive income contributing entities: dividends & options totaled $879.10 and other passive income totaled $219.49. Read more about why we consider this as passive income in the Passivity Index post.

Portfolio Activity

Dividend Increases

  • Kirkland Lake Gold (KL.TO) raised dividends by 33.3%

Added Positions

During the month, we added the following position to our portfolio
Stocks:
Funds:
You can track the options via a tracking sheet here.
That’s all folks! Hope you had a great December as well. Be sure to share your thoughts, comments or concerns below. I love hearing from the readers.

Disclosure: Our full list of holdings is available here.

This article was written by Roadmap2Retire. If you enjoyed this article, please consider subscribing to my feed at Roadmap2Retire.com/feed

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