September 2023 Passive Revenue – A Nice Month

• 3 sources of passive Revenue
• $1,150.03 from dividends
• 15 shares/items dripped in September
• Trailing 12 Month Portfolio Return +3.83%

  S&P 500 12 Month Whole Return +21.62% for September 2023

  S&P/TSX Composite Index 12 Month +1.55% October 4th 2023
  

Beating the tsx however getting smoked by the s and p 500. Contemplating our portfolio is about 50/50 I’m behind the index.

The market had some good crimson days however then has rapidly went sideways as soon as once more.. As at all times its arduous to see crimson within the portfolio, however within the accumulation part decrease costs are good. Cnr at 145 is nice, however it will be loads cooler at 130 =)

Life

September meant the children went again to high school! Ahhh time to get again to a routine. The children are loving it, doing nice and making new buddies. My son completed his first yr of rep soccer and tried out as soon as once more. He made the workforce this yr as soon as once more. Implausible!

Initially of the month we had a child free day and went on a pleasant hike after which adopted that up by going to the Machine Gun kelly live performance in Niagara. It was superior. Im an enormous fan of his music and it was fairly wonderful to see the vary of followers. From children, to goths, to common joe’s and even seniors by themselves in walkers.. Music actually does deliver everybody collectively.

We did our final tenting journey of the yr. This time at Bon Echo Park. Wow could be an understatement. It’s recognized for its cliff however to see it in individual was simply spectacular. Nature is unbelievable, get on the market! The climate was sooo good that we have been even swimming every single day.

It’s time to pack up the trailer, get fatter over thanksgiving and naturally begin prepping for halloween. Ought to be an excellent one this yr. Individuals learn about our place now so there’s some strain to be higher than final yr now.

Alright, Let’s Get To Our September 2023 Passive Revenue

Raises/ Cuts

3 Raises this month!

• Fortis determined to get king standing and enhance their dividend by 4.4% This elevate provides $23.60 to our ahead earnings.
• Texas Intruments got here by way of with a 4.8% improve. Some individuals level to their decrease dividend progress price not too long ago. Its value noting that these decrease hikes got here since saying their development plans on their 30 billion fab manufacturing facility in Texas. 2025 ought to deliver double digit will increase once more in my view.  This improve provides $8.64 to our ahead earnings.
• Microsoft got here by way of as soon as once more with a ten% elevate. Gotta like it!  $11.48 in added earnings.

This month these 3 raises added a complete of $43.72 to our ahead earnings with out including a penny to the account.

Whole Added Revenue from Dividend Raises in 2023 – Unfavourable $-4.52

Nonetheless destructive from that algonquin energy reduce. arg! The shares simply retains beating us down…

September 2023 Dividend Revenue

11 Corporations paid us this month.

15 shares/items Dripped in September.

Nice to see issues rising yr over yr in spite of everything these gross sales. I really like seeing extra usd paying corporations and the final improve every place has gotten.

In case your try our Earlier Dividend Revenue Experiences.

Our Drips (Dividend Reinvestment Program) added $38.07 bucks to our ahead earnings…. candy!

Different Revenue

Personal Funding Fee – $1000.00

1k a month, very good!

Photo voltaic Panel Revenue

In August (We at all times receives a commission a month later) our photo voltaic panel system generated 873 kWh. Since we herald a set price of 28.8 cents per kilowatt hour, Hydro One deposited $251.47 into our chequing account this month.

Final August the system generated $271.05, so as soon as once more we are available decrease.. arg!

Whole Revenue for 2023 – $1,725.65

System Put in January 2018

Whole System Price ——–$32,396.46

Whole Revenue Obtained ——–$13,897.94

_____________________________________________

Quantity to Break even —- $ —18,498.52

Starting of October and the solar is shining! Right here’s hoping this month brings a better earnings than final yr.

Whole September 2023 Passive Revenue – $2,401.50

September 2022 Passive Revenue – $2,414.81

Ahhh so near seeing yr over yr progress once more. Quickly sufficient!

Totals For 2023

Dividends 12 months To Date Whole – $6,881.8
Different Passive Revenue 12 months to this point – $11,489.49
Whole Passive Revenue for 2023 —– $18,371.29
12 months Finish Purpose – $26,000 (70.65%)

A pleasant leap in progress, gotta love these months! Let’s go =)

 

September Inventory Purchases/Gross sales

Since this month was a 5 week pay interval we ended up making 3 completely different purchases. Two to present positions and we began a brand new one as nicely.

Purchases

Telus – We bought this place within the fall of final yr on account of rising rates of interest and deliberate to rebuild this place when it was cheaper. Effectively it positively is now. We added 42 shares at a value foundation of $23.96. (even cheaper now) This purchase provides $61.08 in ahead earnings.

Nationwide Financial institution – We began rebuilding this place as nicely this month. 12 shares at $94.54 per share. This provides $48.96 to our ahead dividends.

Lockheed Martin – With a struggle nonetheless happening and a large backlog of orders. I assumed this was an excellent one to develop our place in. It has achieved very nicely for us since we began our unique place. We added 3 shares at a value foundation of $413 per share. This provides $36 in ahead dividends.

All in all we added $146.04 in future yearly dividend earnings with these purchases. Yield and first rate dividend progress.

Whole added ahead dividend earnings from purchases in 2023 – $994.17

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 not too long ago modified the best way shaking sats is completed. You get a certain quantity 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 concerned about attempting out the crypto area. Or in case your a fan of the positioning and wanna toss me some btc my Shaketag is @hutz8

I admire the help.

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 gives free etf trades and cheaper inventory buying and selling choices than most Canadian brokers. $250.00 a month would kill us if we wanted to pay excessive buying and selling charges.
• * Notice the questrade hyperlink is a affiliate hyperlink and at no further price to you, I’d get a little bit fee if you happen to have been to enroll. You possibly 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 in the mean time.

September 2023 Passive Revenue Conclusion

For some purpose my physique is dieing to get up early today. Perhaps I’m fired as much as write some posts.. Its been large for productiveness, I extremely advocate it. General the month was excellent on the monetary entrance. I’m glad to see all of it on paper and seeing issues develop. I hope you all had a terrific month as nicely!

cheers

It’s your limiting perception that has you the place you’re proper now – Eric Thomas

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

In 2011 me and my spouse had nearly $60,000 in debt and a destructive $7,000 Internet Value. By way of arduous 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.