November 2022 Passive Revenue – Mouth-watering Yr Over Yr Progress — Passive Canadian Revenue

• 3 sources of passive Revenue
• $469.91 from dividends
• 1 inventory dripped in November
• Trailing 12 Month Portfolio Return 10.30%

Seinfeld – Helllllooo!

The market is beginning to rip once more…. and I’m not a fan. Being in accumulation stage I need costs to be as little as they are often. I don’t assume the market ought to be getting all excited as inflation continues to be north of seven% and rates of interest will nonetheless be rising. Powell kinda talked about charges might not go as excessive as he initially thought and bam right here we’re.

Charges are nonetheless wayyyy increased than they had been firstly of 2022 and can most likely go up a couple of times extra earlier than they freeze or begin reducing them for my part. I learn an awesome article on mortgage charges the opposite day, however right here’s one line that stood out to me.

From one other historic perspective, when charges elevated within the Eighties from a base level of 10% to twenty%, this represented a 2x charge improve. Nevertheless, a charge improve in 2022 from a base level 0.25% to 4.25% represents a 16x charge improve, which may have a a lot higher shock to the financial system.

I believe we’ll see even higher costs in 2023, however we proceed to greenback value common into our portfolio. I’m not cashing out our portfolio, though I’m actually tempted on this rally to be trustworthy. I’ve been mistaken prior to now although, so I’ll simply persist with the plan.

Life

A quiet month total. Typical finish of the yr yard work. Cleaned all of the leaves, put the batteries inside from mower, trailer and put all of the outside stuff within the shed.

Sadly the time had got here that we needed to put out canine down. 16 years outdated and 15 years of reminiscences with us (we received her from humane society) . That’s a heck of a very long time however her hips had been beginning to give on her. We debated placing her down final month after happening our final tenting journey however her hips didn’t appear to be bothering her a lot after. Issues deteriorated fairly shortly this month although. 16 years outdated is a heck of a run although for a husky, we had been blessed to have her for thus lengthy. Rip Sage

Alright, Let’s Get To Our November 2022 Passive Revenue

Raises

We had 4 Elevate’s this month.

• Suncor raised their dividend for the 2nd time this yr. This elevate was one other 11% including $82.20 to our ahead earnings.
• Couchetard got here by as soon as once more with a monster elevate. This one was 27.3% and provides $20.40 to these future dividends.
• Enbridge busted out a 3.2% dividend elevate. Since its certainly one of our largest holdings this added $33.22 to our earnings.
• Nationwide Financial institution raised 5.4% however since we solely maintain the 1 drip at the moment this added solely 20 cents. haha

An excellent month for dividend raises and in complete we’ll usher in $136.02 extra earnings earnings subsequent yr with out doing something totally different. Lovely! We bought off a bunch of firms this yr to repay our heloc. Whereas some have labored out good, some haven’t. However the good factor is our whole dividend portfolio has introduced raises in 2022. We removed all non dividend raisers and it feels good! (apart from Disney)

Whole Added Revenue from Dividend Raises in 2022 – $537.09

Since our portfolio at the moment brings in $8,182 yearly these raises alone added simply over 7% to our earnings throughout 2022. That is the ability of dividend progress investing.

November 2022 Dividend Revenue

6 Firms paid us this month.

1 inventory Dripped in November.

Sadly only one dividend dripped this month and even worse I bought the place after the ex dividend date. (I believed banks could be in for some exhausting occasions the subsequent 6-12 months and to this point they’ve achieved nicely. Though we will see the earnings down on some as they set extra money apart for unhealthy loans)

Basic mills has been on a tear this yr and now we now not usher in sufficient to drip them. However I don’t thoughts an excessive amount of as I need as a lot usd within the account as we will get. This month is generally us shares and that cash can be gas for the subsequent us inventory buy. 310 bucks usd is sweet, since I hate changing our cdn {dollars} in the intervening time!

In case your try our Earlier Dividend Revenue Reviews.

Our Drips (Dividend Reinvestment Program) added a monster $3.88 in future dividends.

Different Revenue

Personal Funding Cost – $1000.00

1k a month, Straight to the heloc.

Photo voltaic Panel Revenue

In October (We all the time receives a commission a month later) our photo voltaic panel system generated 444 kWh. Since we usher in a hard and fast charge of 28.8 cents per kilowatt hour, Hydro One deposited $122.73 into our chequing account this month.

Final October the system generated $99.42 so we’re fairly a bit increased this month. The climate has been in all places this fall.

Whole Revenue for 2022 – $2,225.11

System Put in January 2018

Whole System Value ——–$32,396.46

Whole Revenue Acquired ——–$12,110.33

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Quantity to Break even —- $ -20,286.13

Whole November 2022 Passive Revenue – $1,592.64

November 2021 Passive Revenue – $924

Okay this has received to be our highest progress charge ever, and lets be trustworthy most likely wont see this for a very long time. This month our progress charge in complete passive earnings is a monster 72.36% progress charge yr over yr. Completely large and good to see in these decrease paying months.

Totals For 2022

Dividends Yr To Date Whole – $9,652.41
Different Passive Revenue Yr thus far – $12,429.27
Whole Passive Revenue for 2022 —– $22,081.68
Yr Finish Purpose – $25,000

Getting near the aim, however doubtless can be somewhat quick. All good, once you set the bar so excessive.

November Inventory Purchases

We made simply 1 buy this month because the market for my part shot up for no motive in any respect. Inflation continues to be over 7% and charges are nonetheless rising.

We purchased 8 extra shares of Microsoft earlier than the run up. I’ve all the time needed to get this place into our prime 10 and this month it broke into the checklist within the quantity 8 spot.

8 shares bought at $224.02 per share. This provides $21.76 to our ahead earnings. I plan on persevering with to develop this place sooner or later beneath 240.

Bitcoin

Properly as a few of you might nicely know, I’ve been anti crypto for years now. My thoughts has been modified a bit. I attend a month-to-month mastermind meetup with 6 guys. 2 crypto bulls, 2 inventory guys and a couple of actual property guys. The crypto guys have satisfied me to dip into the house. I gained’t contact any crap cash. I’ll simply persist with bitcoin and probably etherium. That is purely a speculative funding and principally a hedge towards our greenback. For my part governments are completely destroying our bucks and we stay in a world with no repercussions. They hold their jobs and proceed printing cash.

For the primary time ever the financial institution of Canada is now shedding cash. They misplaced 522 million in 3 months. Will rates of interest hold going as much as struggle inflation or will they dial again since they cant afford it.. I’m guessing we’ll proceed printing the distinction.

However hey gotta give credit score the place its due. The liberals actually mentioned financial coverage wasn’t a priority this election and folks nonetheless voted for them… finish rant.. =)

My plan for bitcoin is 100 to start out and 20 bucks added each week. I’ll replace how issues are going each month.

Whole invested – $110

I made a decision to go along with shakepay as a result of it’s regulated in Canada and also you shake the cellphone day by day to get some free sats (bitcoin) principally 2-4 cents a day. haha. A 100 greenback deposit will get you 10 bucks and 10 for the referrer. Be happy to make use of my affiliate right here in case your all for making an attempt out the crypto house. I respect the assist.

Monetary Targets Replace

Charities

Enhance Dividends by $4285.81 this yr. (bringing our ahead earnings from dividends to $13,000 a yr)

Sadly I’m going to ignore this now. Whereas we might of been actually near hitting this, issues modified. I’m not as bullish in the marketplace and with rates of interest doubling in 6 months (and nonetheless rising) I made a decision to repay all our heloc which we used for investing. So long as the ahead passive earnings is increased at yr finish vs final yr, its all good!

Etf Month-to-month Minimal Buy of $250

• This month we added 7 extra items 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.
• * Observe the questrade hyperlink is a affiliate hyperlink and at no further value to you, I’d get somewhat cost in the event you had been to enroll. You can get $50 in free trades by utilizing my affiliate hyperlink although.

November 2022 Passive Revenue Conclusion

A good month total. Clearly an emotional one, however her time was due. Now we get able to go away on trip after which take pleasure in time with family and friends for Christmas. At all times certainly one of my favorite occasions of the yr though not financially….. Ho Ho Ho

Want you all nothing however the perfect, cheers!

In the long run it’s not the years of your life that depend. It’s the life in your years – Abraham Lincoln

Hey I’m Rob, creator of Passive Canadian Revenue.

In 2011 me and my spouse had nearly $60,000 in debt and a damaging $7,000 Internet Price. Via exhausting work and monetary training 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 Observe alongside the Journey by clicking the Social Media hyperlinks beneath or subscribing to get notified of latest posts on the sidebar.