- 2 Dividend Raises
- 5 sources of passive Revenue
- $1,024.93 from dividends
- 19 shares/models dripped in December
What a begin of the yr eh?
Markets going up down, up down, up down! There may be some shares on the market at higher costs than firstly of the month for positive. Is it price dipping into tech in the intervening time or will it fall extra? Microsoft and texas devices posted some nice outcomes.
All we will do is follow the plan and proceed constructing our dividend revenue portfolio month-to-month. The proof is within the pudding, this report set 2 new data. Let’s Go!
This has been one of many quietest months we have now had in awhile.
- Ontario introduced one other lock down firstly of month for half the month after which prolonged it longer as soon as once more… Anybody sick of those lock downs but? Their killing me.
- As soon as we heard of the lock downs we received day passes to one of many massive indoor water parks with the children, that was enjoyable.
- Our Daughter turned 4 this month, we had a pair youngsters over
- Our family received covid. My 4 yr was barely phased by it, then I received it and was completely rocked for twenty-four hours after which was high-quality. (the muscle aches have been the worst) Proper when issues have been about to go to regular the spouse examined constructive. She solely received a headache and dry coughs. Our 8 yr previous son didn’t get it. (Him and my daughter are unvaxxed, me and the spouse are 2 pictures in.)
- Between covid and lock downs my son hasn’t went to high school since mid December, I can’t look forward to him to get again on Monday.
- The ice rink within the yard is all good, its been freezing chilly right here. We’ve got been utilizing it fairly persistently and our son has improved his skating and taking pictures by leaps and bounds already.
- Ottawa is at present having one of many largest Canadian protests in historical past. Individuals need their lives again. 2-3 years of this now. 1 jab,2 jab,3 jab, 4 and but highest case counts we have now ever had. Large psychological well being points, companies shutting down, youngsters not in class, can’t see household and associates, governments with report deficits and a rustic divided greater than I’ve ever seen in my life. It’s protected to say the governments failed the folks.. I help the truckers and all of the individuals who got here out to help alongside the bridges as they drove throughout Canada to satisfy in Ottawa. (I don’t help defacing statues, or racist flags/hateful flags)
Alright, Let’s Get To Our January 2022 Passive Revenue
Raises or Cuts
- Canadian Utility’s got here via with a tiny 1% increase. This now brings them to king standing. Canada’s first king. This increase provides $3.83 to our ahead revenue.
- CNR shocked us with a monster 19.1% increase. This was far more than I used to be anticipating, so positively made our day. This increase provides $45.12 to their ahead dividend revenue.
Complete Added Revenue from Dividend Raises in 2022 – $48.95
After getting that tiny increase from Canadian Utility’s as soon as once more. I made a decision to unload our place. The plan is to maneuver it into Fortis and I used to be planning on doing it final wk as soon as the financial institution of Canada raised their rates of interest. They didn’t…… Unwell be shopping for fortis earlier than their ex dividend date with some extra new capital as properly.
CNR proved why they’re my favorite dividend progress inventory. Low beginning yield however big dividend progress and a large moat inventory that wont be going anyplace..
January 2022 Dividend Revenue
12 Firms paid us this month.
|Shares||January 2021 Revenue||January 2022 Revenue|
|TRANSCONTINENTAL||27.00 (1 Drip)||bought|
|Riocan||31.80 (1 Drip)||bought|
|Extendicare||19.28 (3 Drips)||bought|
|Cisco||49.32 (1 Drip)||51.06|
|Financial institution of Nova Scotia||90.90 (1 Drip)||105.00 (1 Drip)|
|Telus||79.04 (3 Drips)||87.09 (2 Drips)|
|Bell Canada||74.93 (1 Drip)||140.88 (2 Drips)|
|TD Financial institution||101.12 (1 Drip)||117.48 (1 Drip)|
|TC Power||57.51 (1 Drip)||117.45 (1 Drip)|
|Xaw ETF||32.03 (1 Drip)||90.09 (2 Drips)|
|Rit ETF||31.66 (1 Drip)||66.35 (3 Drips)|
|Sensible Centres||25.75 (1 Drip)||33.45 (1 Drip)|
|Algonquin Energy||66.12 (3 Drips)||113.02 (6 Drips)|
19 shares Dripped in January
A 28.69% progress charge yr over yr. Love seeing 5 totally different positions now paying us over $100 in these quarters. Large leap from Xaw etf. That’s a fund I put roughly 250 bucks in a month, slowly however absolutely. This was our first month ever surpassing the $1,000 mark. Boy oh boy does it ever really feel nice!
In case your try our Earlier Dividend Revenue Reviews.
Our Drips (Dividend Reinvestment Program) added $31.73 to our yearly ahead dividend’s this month
Personal Funding Fee – $500.00
Nothing new right here, simply our common month-to-month cost. (I don’t even need to edit this half each month) Regular Eddy…….
Photo voltaic Panel Revenue
In December (We at all times receives a commission a month later) our photo voltaic panel system generated 144 kWh. Since we herald a set charge of 28.8 cents per kilowatt hour, Hydro One deposited $36.33 into our chequing account this month.
Final December the system generated $37.44 so we’re a little bit underneath, however the yr earlier than we received 36 bucks. Appears to be tremendous constant for these months.
Complete Revenue for 2022 – $36.33
System Put in January 2018
Complete System Price ——–$32,396.46
Complete Revenue Acquired ——–$9,913.57
Quantity to Break even —- $-22,482.89
Cashback Credit score Card
Yearly in January we get cash from utilizing our cashback Bank card the earlier yr. We at all times pay our balances off, so that is bonus cash. In January we obtained $576.37. Candy!
Google tossed us a pair bucks for the advertisements on the location. I’ve diminished them considerably and will ultimately take away all of them collectively. Time will inform.
We obtained $119.81
Complete January 2022 Passive Revenue – $2,257.44
January 2021 Passive Revenue – $1,749.28
A $508.16 distinction in comparison with 2021. We didn’t get ad-sense final January in order that’s a pleasant distinction however clearly there was some good progress in these months yr over yr.
This was the primary month we surpassed 2k in passive revenue. 6 years in the past we began this Journey making a pair bucks a month. My purpose in 2016 was to herald $20,000 a yr passive revenue by 2025. Clearly we are going to fly by that. Hold your eye on the prize and make saving a precedence, compounding actually does velocity issues up!
Totals For 2022
Dividends 12 months To Date Complete – $1,024.93
Different Passive Revenue 12 months to this point – $1,232.51
Complete Passive Revenue for 2021 —– $2,257.44
12 months Finish Objective – $25,000
The purpose for 2022 is to usher in $25,000 in passive revenue and have a ahead passive revenue of $30,000 by the top of 2022. Let’s Go!
January 2022 Purchases
We continued to develop our Suncor place. I feel the oil and fuel house will proceed to have one other nice yr. Fuel costs right here at the moment are 1.51 per litre.. Arg!
We purchased a further 140 shares of suncor. This places our suncor place to five% of our portfolio, so its a full place in the intervening time.
This buy added $235.20 to our ahead revenue.
We bought our place in Canadian Utilitys after their tiny increase as soon as once more. I will likely be changing that place with fortis which has the same dividend progress streak however typically raises their dividend 6% a yr.
Monetary Targets Replace
Improve Dividends by $6,990.09 this yr. (bringing our ahead revenue from dividends to $14,936.65 a yr)
The purpose for 2022 is to have a ahead passive revenue of 30 thousand by the top of the yr. I plan on doing this by refinancing our home and profiting from these low rates of interest. I wish to max out some accounts and let compounding do their magic. Its an enormous purpose and can virtually double our present dividend revenue.
- With New Purchases, Drips, and Dividend Raises we continued to develop the scale of our dividend Portfolio. Complete elevated up to now in 2022 is $315.88
Our home simply received appraised so now we look forward to the paperwork to get compiled and hopefully signal a dotted line by the top of the week.
Etf Month-to-month Minimal Buy of $250
- This month we added 8 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 extra value to you, I might get a little bit cost when you have been to enroll. You could possibly get $50 in free trades by utilizing my hyperlink although.
January 2022 Passive Revenue Conclusion
Whereas life has received me down a bit at present with all these covid guidelines/laws, I do know the tide is altering. 3 of Canada’s provinces prime medical doctors are actually saying we have to be taught to stay with covid. That’s Large!
On the monetary entrance that is the primary month ever of bringing in over $1,000 a month in dividends and $2,000 a month in passive revenue. Nice stuff! It took 6 years of constant investing and now grows sooner than it ever has. Don’t get discouraged in case your simply beginning out, focus in your progress. Slowly however absolutely it seems to be a heck of so much higher than day 1. Make a plan and keep it up. Let’s go on the market and shatter extra private data in 2022!
How was your January? What’s your objectives for 2022?
The Goal of our lives is to be completely satisfied – Dalai Lama
Hey I’m Rob, creator of Passive Canadian Revenue.
In 2011 me and my spouse had virtually $60,000 in debt and a unfavourable $7,000 Web Price. Via onerous work and monetary schooling we paid all that off. Now we’re specializing in rising 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.