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February 2022 Passive Revenue – Placing Money To Work! — Passive Canadian Revenue


February 2022 Passive Income

  • 5 Dividend Raises
  • 3 sources of passive Revenue
  • $343.14 from dividends
  • 5 shares/models dripped in February

Hey, Hey Hey

Wow will issues ever get higher on the planet? I really feel like each month for the final 2 years, I write about some points occurring. It’s actually unhappy whats occurring as of late. Ideas and prayers for the individuals of Ukraine, the world is watching and cheering you on.

I bitch about all these covid restrictions, guidelines, lock downs and so on.  Sit right here cheering the truckers on, Yeah lastly individuals have a voice, no mandates! However then you definitely see a peaceable Nation simply get attacked from all sides, its heartbreaking. We’ve got it good, then you definitely consider all of the harmless Russians, who don’t assist the battle. Their greenback is getting killed, financial sanctions after sanctions.

Warfare actually has no winners…. Simply losers and tonnes of Casualty’s.

Life

  • Issues opened up fairly a bit this month in Ontario and really March 1st they removed most vax cross necessities. Its so good to see buddies on fb who didn’t need the vax lastly capable of exit with their children, go to bars and so on. Love that we’re lastly eliminating a few of this political division.
  • Our son turned 9 this month, so we went to the arcade and had lunch with some buddies and his buddies.
  • We went bowling. First time for our daughter who’s now 4. (how loopy is that) In any case I performed completely horrible and was fortunate to interrupt 100. haha!
  • We went to a resort in Niagara with some buddies and went to fallsview waterpark. Was a good time, however I can say individuals aren’t apprehensive about covid anymore. We’ve got went to Niagara 3 occasions throughout covid and most occasions was lifeless. The primary strip was completely packed and the waterpark, nicely Id say it was at capability!

Nice to see, time to maneuver on! A bit of too busy on the water park, however that’s to be anticipated when issues simply open up. Fallsview has the perfect water slides out of the three water parks in Niagara btw!

 

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

Raises or Cuts

5 raises this Month – Very Good, however not the largest raises…

  • Tc Vitality bumped theirs 3.4% provides – $16.20
  • Brookfield Renewable with a 5.3% elevate provides $14.71
  • Restaurant Manufacturers Int with a 1.9% elevate provides $4.48
  • Cisco bumped it 2.7% including 5.52
  • Nutrien topped theirs 4% including 5.76

 

Whole Added Revenue from Dividend Raises in 2022 – $95.62

$46.67 added to our ahead dividend revenue, with out lifting a finger. 3m additionally got here by with one other minuscule elevate, however I bought it proper after they introduced that. Too little inventory appreciation, tiny dividend raises and tonnes of litigation dangers in the intervening time. Its tempting once more at present costs, however there are such a lot of higher choices in my view.

 

January 2021 Passive Income

February 2022 Dividend Revenue

6 Corporations paid us this month.

Shares Feb 2021 Revenue Feb 2022 Revenue
Riocan 21.28 (1 Drip) bought
BMO 33.32 bought
Extendicare 19.40 (3 Drips) bought
Inter Pipeline 8.32 bought
Proctor and Gamble – USD 18.98 20.88
Nationwide Financial institution of Canada 25.56 50.46
Abbvie – USD 91.00 98.70
Rit ETF 44.69 (2 Drips) 66.56 (3 Drips)
Good Centres 25.90 (1 Drip) 33.61 (1 Drip)
Common Mills – USD 70.89 (1 Drip) 72.93 (1 Drip)
Totals 359.94 343.14

5 shares Dripped in February

Barely decrease than final yr, however with this months purchases we should always see a lift to those months every quarter.

In case your try our Earlier Dividend Revenue Stories.

Our Drips (Dividend Reinvestment Program) added $6.32 to our yearly ahead dividend’s this month

February 2022 Passive Income


Different Revenue

Personal Funding Cost – $500.00

Nothing new right here, simply our common month-to-month fee. (I don’t even should edit this half each month) Regular Eddy…….


Photo voltaic Panel Revenue

In January (We at all times receives a commission a month later) our photo voltaic panel system generated 153 kWh. Since we herald a set price of 28.8 cents per kilowatt hour, Hydro One deposited $39.61 into our chequing account this month.

Final January the system generated $40.32 so we’re a bit beneath. Appears to be tremendous constant for these months.

Whole Revenue for 2022 – $76.65

System Put in January 2018

Whole System Price ——–$32,396.46

Whole Revenue Acquired ——–$9,953.18

_____________________________________________

Quantity to Break even —- $-22,443.28


February 2022 passive pie

Whole February 2022 Passive Revenue – $882.75

February 2021 Passive Revenue – $918.69

These months stay to be months barely decrease than final yr. Clearly that’s the impact of the inventory gross sales. No regrets as that cash was put into different months. New buys will begin to pump up these months as soon as once more.

February 2022 Passive

Totals For 2022

Dividends 12 months To Date Whole – $1,368.07
Different Passive Revenue 12 months so far – $1,772.12
Whole Passive Revenue for 2022 —– $3,140.19
12 months Finish Objective – $25,000

Passive revenue is $500 greater than it was on the finish of February 2021. Candy, gotta preserve feeding the snowball.

Purchases

 

January 2022 Purchases/ Gross sales

  •  We bought our 3M place this month. They got here by with one other tiny dividend elevate, simply to maintain their streak alive. These earplug instances and pfas instances are not any joke and the inventory value is definitely down in a yr 5 yr interval, in one of many largest bull runs ever. I figured there may be higher locations for our cash and bought our 22 shares at 162 and alter.

Shedding $130.34 in ahead revenue.

  • We put that money and extra into shopping for 25 shares of APD. I’ve at all times preferred this firm and they’re down 22.33% ytd.

They’ve some huge initiatives within the works and I feel hydrogen demand will solely enhance within the years to come back. I’m at all times down with greening the portfolio a bit and that is one other play in that area. Bonus its within the fundamental materials sector which is our lowest sector and pays in our lowest revenue months. (This could by no means persuade you to purchase however it’s good )

40 years of dividend raises and a 5 yr div development price over 10%

This buy added 162.00 usd in ahead revenue.

  • I bought our Place In Canadian utility’s awhile again after their minor dividend elevate but once more. This month I put that cash and extra again to work by beginning a place In Fortis.

Merely put I feel Fortis is the higher firm, higher value appreciation and better dividend raises. This buy was within the children RESP so its acquired time to work its magic. =)

We purchased 176 shares of Fortis. This buy added $376.68 however we misplaced $387.84 on the Canadian Utilities sale.

  • We continued to develop our place in JNJ. Love the corporate and surprise if this upcoming cut up can be in addition to the abbott/ abbvie cut up.

We added 24 extra shares of jnj which provides 101.76 usd in ahead revenue.

  • We additionally added to our Disney place. No dividend however numerous individuals I speak to are going there throughout the yr. They are saying how busy Disney is and we even have disney beginning to add extra grownup content material on disney plus. Right here’s hoping the dividend comes again in q3/this autumn of 2022.

10 Extra shares to our holding.

All in all these purchases add $144.58 and make the Portfolio even stronger shifting ahead.

Monetary Targets Replace

Charities

Enhance Dividends by $6,990.09 this yr. (bringing our ahead revenue from dividends to $14,936.65 a yr)

The objective 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 making the most of these low rates of interest. I need to max out some accounts and let compounding do their magic. Its a giant objective 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. Whole elevated up to now in 2022 is $513.45

We signed the paperwork for the house fairness line of credit score, however proceed to attend for Rbc. 2 month course of up to now….

 

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 wanted to pay excessive buying and selling charges.
  • * Notice the questrade hyperlink is a affiliate hyperlink and at no further value to you, I’d get a bit fee in case you have been to enroll. You possibly can get $50 in free trades by utilizing my hyperlink although.
February 2022 Passive Revenue Conclusion

Total an excellent month for the portfolio. Life is beginning to get again to regular, our son simply began soccer as nicely. The solar is shining, right here’s hoping spring comes quickly. I’m carried out with this winter haha! Let’s pray the battle in Ukraine ends rapidly with Russia pulling out. Wishful considering, however you by no means know.

How was your February?

cheers

There isn’t any greatness the place there may be not simplicity, goodness, and reality. – unknown



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