Welcome to the quarterly update for Q1 2019. This is part of a series where I track our financial progress on a quarterly basis. I present three parts in this series: (i) Investment & Portfolio Update, (ii) Passive Income Update, and (iii) Goals Update.
1. Investment & Portfolio Update
Q1 2019 saw a some decent activity in our portfolio. We added to the following positions.
- Algonquin Power & Utilities Corp (AQN.TO) – DRIP
- BCE Inc (BCE.TO)
- Brookfield Infrastructure Partners (BIP.UN.TO)
- Kinder Morgan Inc (KMI)
- RNC Minerals (RNX.TO) *New position*
Partially closed position & booked gains in
We continued adding to the following funds
- iShares Growth ETF Portfolio (XGRO.TO) *New position*
- Vanguard Total Bond Market ETF (BND) *New position*
- Vanguard Emerging Market Bond ETF (VWOB)
- BMO EM Bond Market ETF (ZEF.TO)
- US Equity Index (Seg) Fund
- Intl Equity Index (Seg) Fund
- Scotia Monthly Income (Mutual) Fund
Q1 saw 5 dividend increase announcements in our portfolios. The following calendar provides a quick overview of changes in our portfolio.
2. Passive Income Update
During the quarter, we managed earned a passive income of $1,838.22.
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2013 | $383.65 | $516.32 | $718.33 | $1,063.97 |
| 2014 | $1,322.47 | $951.18 | $1,055.79 | $1,803.90 |
| 2015 | $1,546.87 | $1,960.10 | $2,076.81 | $2,256.01 |
| 2016 | $2,167.95 | $2,404.43 | $1,965.95 | $2,561.37 |
| 2017 | $2,067.19 | $2,159.57 | $2,150.41 | $3320.46 |
| 2018 | $2,454.61 | $2,515.43 | $1,753.44 | $2,582.26 |
| 2019 | $1,838.22 |
You can read previous quarterly updates here.
3. Goals Update
Onto the goals that I set and see how we did overall on that front.
- Earn $8,000 in annual passive income – On Track
- Passive income YTD is $1,838 (~23% of the goal achieved)
- Continue building Baby R2R’s portfolio – max RESP contribution & atleast two purchases in Nest Egg portfolio – On Track
- RESP has been maxed out for the year & one purchase was completedin Q1
- Mortgage renewal due in summer 2019 – No progress yet
- Credit report checkup & fix any errors found – No progress yet
- Read 25 books – On Track
- Completed 8 books so far in 2019
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