Monday, May 29, 2023
HomePassive IncomeFebruary 2023 Passive Revenue - Good Occasions

February 2023 Passive Revenue – Good Occasions


  • 3 sources of passive Revenue
  • $321.22 from dividends
  • 1 inventory/unit dripped in February
  • Trailing 12 Month Portfolio Return 1.03%

Hellooo!

Sorry for the delay in our month-to-month reviews.

Life has been actually busy and the spouse and I went away to Mexico as soon as once more to absorb the rays, shoot some tequila and luxuriate in child free time collectively.

The market modified rapidly eh? Is that this simply the beginning or did the fed backstop it sufficient to chill issues off? I dunno however it’s one thing I believed was going to occur as I mentioned within the fall after I offered all our monetary shares. You may learn that submit right here with no edits.

“The extra I thought of issues the extra I see a coming monetary disaster. Finland is warning of an “energy-industry Lehman Brothers” disaster coming. I feel there might be a ripple impact coming. Take a look at Deutsche Financial institution and Credit score Suisse inventory costs to see whats taking place there. Credit score suisse has mentioned the worst is but to come back…”

and right here we’re, the information retains speaking about credit score suisse. Whereas a number of the shares we offered are down in value, surprisingly to me some are nonetheless up. I don’t assume the worst is over but however I proceed to greenback price common cash into the market.

One thing to think about is again in 08/09 banks began cracking 4-5 months earlier than issues actually went to sh#t.

We dwell in a printing press world and as a lot as I hate it, its a actuality. Biden and Trudeau are spitting cash out left proper and centre. Quick time period that could possibly be good for the market, however long run oh boy…. However a few of my ideas on that – Tinfoil hats proper? 2030 you’ll personal nothing and be joyful.

Life

My son turned 10 in February, we had a pleasant celebration at lazer tag. It was nice. I got here third the primary spherical however failed miserably the 2nd as I took my daughter and her pal out for his or her first time. (my daughter even beat me, though it was free for all so she was most likely capturing me proper?)

That saying – Take pleasure in em they develop quick – Is so true, there’s second’s that drive you loopy however man does time ever fly.

40

Talking of which I turned 40. We booked a final minute journey again to Mexico to rejoice. So what do 40 12 months olds do? Effectively we put on pink flamingo shirts and linen pants now. =) Learn books on the seashore, (completed the psychology of cash, nice ebook) however nonetheless smash tequila pictures and plenty of mohitos. Yearly hangovers worsen, however these are nice studying days proper?

We took the fairy over and explored  isla majeres – The island of girls. A fantastic place, noticed a bit stays of a mayan constructing, did some procuring and checked out the superb seashore there. Sadly the one topless girls have been these statues… I’ll take it although! haha =)

We ended up taking a dream liner airplane again to Toronto. Wow these are good planes, 3 rows of seats not as cramped as common planes. Dimmable home windows and television screens. (I haven’t had television screens since flying to the canary islands a pair years in the past) Having this large of airplane I believed would simply present how dangerous pearson airport could be with lineups and so forth, however surprisingly there was completely no lineups to get via every part. Good work Pearson Airport.

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

Raises/ Cuts

6 Raises this month, gotta adore it!

Bell Canada – They raised their dividend by 5.2% which added 32.11 to our ahead dividend revenue.

Nutrien – Nutrien threw down the most important increase we’ve got gotten up to now. They boosted their div by a powerful 10.4% sadly this a small place so solely added $15.36. I’ll be including to this place quickly sufficient after this increase.

Tc Vitality – They raised their dividend by 3.3% including 21.24 to their future dividend funds.

Brookfield Renewable – who down with bep? Yeah me! 5.5% increase provides $19.39 – Spoiler alert – Added to this place in Feb

Cisco – The weakest increase of 2023 go’s to cisco. woot woot!…… 2.63% provides 5.68. The turnaround is trying good although

Residence Depot – The inventory I need to add to however haven’t. A ten% increase means I’ve too. It’s one among my new guidelines. This added 7.61 in ahead divs.

Whole Added Revenue from Dividend Raises in 2023 – Unfavorable $97.46

This month was a implausible month for dividend raises including a stable $101.39 to our ahead revenue. Sadly that Algonquin minimize in January nonetheless retains us in adverse territory.. It’s what it’s, atleast aqn has shot up from their lows earlier than the minimize (why didn’t I again up the truck, I used to be excited about it at $8.50)

 

August 2022 Passive Income

February 2023 Dividend Revenue

6 Firms paid us this month.

Shares Feb 2022 Revenue Feb 2023 Revenue
Good Centres 33.61 (1 Drip) offered
Rit ETF 66.56 (3 Drips) offered
Texas Devices 0 32.24 usd
Air Merchandise 0 74.52 usd
Proctor and Gamble – USD 20.88 31.05 usd
Nationwide Financial institution of Canada 50.46 .97
Abbvie – USD 98.70 103.60 usd
Common Mills – USD 72.93 (1 Drip) 78.84 (1 Drip)
Totals 343.14 321.22

1 shares/models Dripped in February.

As all the time these months are our lowest revenue months, however I gotta say I really like all these American dividend payers. Particularly when our Canadian greenback is oh so dangerous! Solely 97 cents of that revenue was Canadian, in order that’s principally like 1000 bucks as soon as transformed. (It’s not really)

In case your try our Earlier Dividend Revenue Studies.

Our Drips (Dividend Reinvestment Program) added a monster $2.16 in future dividends. (most likely our lowest month ever however that usd will most likely be put to work quickly sufficient in hd or txn)

February 2023 Passive Income


Different Revenue

Personal Funding Cost – $1000.00

1k a month, very good!


Photo voltaic Panel Revenue

In January (We all the time receives a commission a month later) our photo voltaic panel system generated 39 kWh. Since we usher in a hard and fast fee of 28.8 cents per kilowatt hour, Hydro One deposited $11.28 into our chequing account this month.

Final December the system generated $39.61 so we’re means decrease. Fairly protected to say the panels had extra snow on them this 12 months than final 12 months. Winter months for photo voltaic undoubtedly don’t do a lot.

Whole Revenue for 2023 – $39.26

System Put in January 2018

Whole System Value ——–$32,396.46

Whole Revenue Obtained ——–$12,211.55

_____________________________________________

Quantity to Break even —- $ –20,184.91

It’s gonna be good as soon as we get $184.92 and that drops below 20k. Not rather more to say. Photo voltaic panels in Ontario throughout the winter will not be good.

 


 

February 2023 Passive Income

Whole February 2023 Passive Revenue – $1,332.5

February 2022 Passive Revenue – $882.75

Whereas our dividend revenue is down, the general passive revenue continues to extend. Total our passive revenue grew by 50.94% 12 months over 12 months, Let’s go!

February 2023 Passive Income

Totals For 2023

Dividends Yr To Date Whole – $1,169.74
Different Passive Revenue Yr up to now – $2803.10
Whole Passive Revenue for 2023 —– $3,972.84
Yr Finish Aim – $26,000 (15.28%)

Nearly 2k a month common, a bit behind the objective however there’s nonetheless loads of time.

Purchases

 

February Inventory Purchases

We made 1 buy this month after their increase announcement.

Brookfield Renewable – This inventory has handled us very effectively through the years, with each capital appreciation and dividend raises. I feel governments and the final inexperienced motion will proceed to be a lift for brookfield renewable. The worth has got here down fairly a bit and I made a decision the time was proper to extend our place. We purchased 53 extra shares at 36.95 per share. This provides $71.55 usd in ahead revenue and most definitely will permit us to drip one other share per quarter. Love that!

 

Bitcoin

Bitcoin has continued to do very effectively for us since we began shopping for within the fall. Simply bear in mind all these scandals and stuff is all the time these crap cash… Personally I’m solely sticking with Bitcoin. I put 20 bucks every week into this funding, cash we will afford to lose.

Whole invested – $390

 

 

I made a decision to go along with shakepay as a result of it’s regulated in Canada and also you shake the telephone every day to get some free sats (bitcoin). I shake on a regular basis and with over a 100 day streak, I’m now getting about 15 cents a day in free bitcoin.

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 taken with attempting out the crypto house. Or in case your a fan of the positioning and wanna toss me some btc my Shaketag is @hutz8

I admire the assist.

Monetary Targets Replace

Charities

Etf Month-to-month Minimal Buy of $250

  • This month we added 0 extra models 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.
  • * Be aware the questrade hyperlink is a affiliate hyperlink and at no extra price to you, I might get a bit cost 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 cash went to repay the journey to mexico. All good subsequent time

February 2023 Passive Revenue Conclusion

A month filled with dividend raises, solar and if you happen to dwell right here in Ontario a tonne of snow. It was an important month general. Simply bear in mind governments are printing cash like loopy, you possibly can’t print time.. Go on the market and profit from it!…… whereas being fiscally accountable =) haha!

 

Each morning you’ve got 2 decisions: proceed to sleep together with your goals, or get up and chase them – Carmelo Anthony

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