- 3 sources of passive income
- $302.81 from dividends
- They dripped 1 stocks/units in August
- 12 month portfolio return +3.67%
S&P 500 Total Return 12 months +15.94% for August 2023
S&P/TSX Composite Index 12 Months +7.58% September 24, 2023
We are starting to see things cool down a bit in the market. While there is always something to buy, I find there are a lot of really tempting prices out there. I guess we are in a rate will remain higher for a longer environment. Be careful what you buy right now.
ZOE
Time just flies. Looking back in August we went to America to go glamping at KOA with some cousins. You always have a great time there!
We went to wonderland once again. It’s a lot of fun now that my daughter is tall enough for some roller coasters. Loves them.. It’s super crowded though.
I did a job for a client who has a falcon and arranged for the falcon experience for our crew. It was really cool to see the hawks/owls and also fly a Harris hawk!
Okay, let’s get to our August 2023 passive income
Raises/Cuts
Last month was once again a quiet month for dividend announcements.
Total incremental income from dividend increases in 2023 – Negative -$48.24
Still underwater from that 1 dividend cut this year… September brought the raises though!.
Dividend income August 2023
5 companies paid us this month.
| inventories | Revenue August 2022 | Revenue August 2023 |
|---|---|---|
| Smart Centers | 35.77 (1 drop) | sold |
| Rit ETF | 67.77 (3 drops) | sold |
| National Bank of Canada | 153.64 (1 drop) | sold |
| Proctor & Gamble | 31.05 | 31.98 |
| Abbvie | 98.70 | 103.60 |
| Aviation Products & Chemicals | 74.52 | 80.50 |
| General Mills | 78.30 (1 drop) | 86.73 (1 drop) |
| Texas Instruments | 0 | 44.64 |
| Totals | 539.75 | 302.81 |
1 stocks/units Dropped in August.
This month is always our lowest and we really don’t get a lot of extra funds for it. All our bucks which is always nice, I’ll get it working soon enough.
If you’re interested, check out our Dividend Income Past Reports.
Our Drips (Dividend Reinvestment Program) added $2.36 dollars to our forward income…. Almost a coffee these days =)
Other income
Payment of private investments – $1000.00
1k per month, very nice!
Income from solar panels
In July (We always get paid a month later) our solar system produced 1,144 kWh. Since we carry a flat rate of 28.8 cents per kilowatt hour, Hydro One filed $280.31 in our checking account this month.
Last July the system was created $309.08, so once again we go further down.. slow!
Total income for 2023 – $1,474.18
The system was installed in January 2018
Total system cost ——–$32,396.46
Total income ——–$13,646.47
_________________________________________________
Amount to break —- $ —18,749.99
Bring on the sun!
Total Passive Income August 2023 – $1,583.12
Passive Income August 2022 – $1,848.83
Solar and dividends both in and out of the month. I have to grow back a bit these months.
Totals for 2023
Dividends Year To Date Total – $5,731.77
Another Year of Passive Income to date – $10,238.02
Total Passive Income for 2023 —– $15,969.79
Year End Goal – $26,000 (61.42%)
16k not bad! but we are 10 thousand away, let’s go!
August Stock Buys/Sells
This month we made 2 purchases adding to 1 position we currently have and starting a new position
Shopping
We added to ours Couche-tard location as it was fantastic for us.
20 shares were acquired at a price of $65.94 per share. Add $11.20 in forward dividends.
We also started a new niche at Brookfield Asset Management. When I sold all our financial stocks last year I said I wouldn’t buy back billions and start a position in bam as I don’t need 3 Canadian banks.
Td, National Bank and Bam will hold the financial sector together moving forward.
31 stocks were added to the portfolio at a cost of 44.76 per share. This purchase adds $39.68 in forward dividends.
In total we added $50.88 in future annual dividend income with these purchases. Some performance and some higher growth.
Total added forward dividend income from purchases in 2023 – $848.13
Bitcoin
Bitcoin went a bit sideways in August, but we continue to add $20 a week to our position.
We decided to go with shakepay because it is regulated in Canada and you shake the phone everyday to get some free sats (bitcoins). They recently changed the way shaking sats are done. You get a certain amount per day now
A deposit of 100 dollars gives you 10 dollars and 10 for the referrer. Feel free to use my affiliate here if you are interested in trying out the crypto space. Or if you are a fan of the site and want to throw me some btc my Shaketag is @hutz8
I appreciate the support.
Updating Financial Goals
Charitable institutions
Etf Monthly Minimum Purchase $250
- This month we added 0 more xaw etf units.
- Questrade* is great because it offers free etf trading and cheaper stock trading options than most Canadian brokers. $250.00 a month would kill us if we needed to pay high transaction fees.
- * Please note that the questrade link is an affiliate link and at no extra cost to you, I would receive a small payment if you sign up. However, you could get $50 in free trades using my affiliate link.
We did not add this month as I felt the markets offered us a better opportunity at this time.
August 2023 Passive Income Summary
1 month late, wow I’m behind. It’s probably better than ever. In the September post, I promise it will be better
Posts may be late, but the dividend never is – =)
Hi, I’m Rob, creator of Passive Canadian Income.
In 2011 my wife and I had nearly $60,000 in debt and a negative net worth of $7,000. Through hard work and financial education we paid for all this. We are now focusing on growing our passive income streams to make money work for us. Feel free to follow the journey by clicking the social media links below or sign up to receive notifications of new posts in the sidebar.
