January 31, 2023

December 2022 Passive Earnings – Wrapping It Up! — Passive Canadian Earnings

8 min read


  • 3 sources of passive Earnings
  • $1,040.43 from dividends
  • 13 shares dripped in December
  • Trailing 12 Month Portfolio Return 0.82%

Hey Hey Hey

A brand new yr has come. Man oh man did 2022 ever fly by? The market continues its downward spiral and we are able to see even higher costs on the market for long run buyers. I feel this may proceed for not less than the primary half of 23, however who is aware of. Vitality, Inflation and better rates of interest proceed to harm and enhance individuals’s value of residing, however the governments proceed to print cash – devaluing our greenbacks. This might result in even larger inventory costs in greenback phrases.

We proceed to greenback value common into high quality dividend shares, whereas additionally placing some money apart for the top of the winter. (I’ve talked about how I feel banks, reits and so forth are going to be in for a tough winter resulting from financial pressures)

Life

In the beginning of December we went on a household journey with the youngsters to the Dominican. Was a good time to chill out, drink loads, eat loads and absorb the solar. Our flight again bought delayed a number of occasions and ended up being delayed over 7 hours. Sunwing gave us some meals vouchers for the airport and handed us a pamphlet saying we could possibly be eligible for 250 again per particular person for the delay. I attempted making use of for that on the positioning however bought advised we received’t get something as a result of it was a security subject. We maintain attempting to name them to speak however can by no means come up with them.. What a large number.

On the similar time we landed at pearson airport at about 3.30 within the morning and was in all probability the final flight of the evening, so customs went extraordinarily quick as everybody wished to go residence it appeared. That was good!

Christmas was quiet and unfold out this yr. The journey was a part of the youngsters items, which they understood. We bought them nonetheless fairly a little bit of stuff however it appears the times of all these tiny polly pockets and so forth are over! That’s superior since I discover myself all the time cleansing up all these small toys.

I gained fairly a little bit of weight from the journey and Christmas however my health club is within the storage and its too chilly, I haven’t been motivated to push weights. So we determined to purchase a Bowflex final 2. I had a really primary bowflex manner again and liked it however maxed the weights and offered it at no cost weights. This one actually has every part together with a rower. (which is one thing I like to do)

I additionally began a brand new ball hockey league this month. Whereas I used to play with a bunch of pals in a college health club this can be a actual league, with penalties and factors monitoring and so forth. After I began we have been 0-3. Thus far since I joined we received 7-2 and tied one of the best group 6-6 the opposite day. I’m not gonna say I’m the goat or something, however we’re undefeated since… haha

My legs and muscle tissues wanted the bowflex and hockey. I’m glad to be again. Considered one of my most important objectives for 2023 is to get to 190 lbs. I’m at present 213. Whereas my dad bod is aigghht, it could possibly be tigghht. Know what I’m saying? haha Let’s go!

Alright, Let’s Get To Our December 2022 Passive Earnings

Raises

0 Raises this month, however that was to be anticipated as each inventory we personal at present moreover xaw etf and disney raised their dividend in 2022.

Whole Added Earnings from Dividend Raises in 2022 – $537.09

Since our portfolio at present brings in $8,360 yearly these raises alone added simply over 7% to our earnings throughout 2022. That is the ability of dividend progress investing. Transferring ahead I plan on including extra or beefing up decrease yielding/ larger dividend progress positions within the portfolio. Let’s see if we are able to surpass 7% on the finish of 2023.

 

August 2022 Passive Income

December 2022 Dividend Earnings

12 Corporations paid us this month.

Shares December 2021 Earnings December 2022 Earnings
3M 32.56 usd offered
Canadian Utilities 95.00 (2 Drips) offered
Sensible Facilities 33.30 (1 Drip) offered
Manulife Monetary 59.07 (2 Drips) offered
RIT ETF 66.15 (3 Drips) offered
JNJ 45.58 usd 75.71
Dwelling Depot 19.00
Lockheed Martin 89.60 usd 66.00 usd
Stanley Black & Decker 21.60
Microsoft 11.78 usd 28.56
Couche Tard 7.48 23.80
Canadian Nationwide Railway 59.04 79.84
Franco Nevada 0 5.22
Brookfield Renewable 87.81 (1 Drips) 118.44 (3 Drips)
Suncor Vitality 84.42 (2 Drips) 213.72 (5 Drips)
Fortis 0 128.82 (2 Drips)
Enbridge 242.15 (3 Drips) 259.72 (3 Drips)
Totals 913.94 1,040.43

13 shares Dripped in December.

After final months single drip, it’s good to see extra shares dripping. Brookfield Renewable stands out as final yr it solely had 1 drip and right here we’re near 4 drips. I’ll add to this place to get it subsequent time.

In case your take a look at our Earlier Dividend Earnings Studies.

Our Drips (Dividend Reinvestment Program) added a monster $30.79 in future dividends.

December 2022 Dividends


Different Earnings

Non-public Funding Fee – $1000.00

1k a month, Straight to the heloc.


Photo voltaic Panel Earnings

In November (We all the time receives a commission a month later) our photo voltaic panel system generated 215.38 kWh. Since we usher in a hard and fast charge of 28.8 cents per kilowatt hour, Hydro One deposited $61.96 into our chequing account this month.

Final November the system generated $66.79 so we’re barely decrease. Winter months for photo voltaic positively don’t do a lot.

Whole Earnings for 2022 – $2,287.07

System Put in January 2018

Whole System Value ——–$32,396.46

Whole Earnings Obtained ——–$12,172.29

_____________________________________________

Quantity to Break even —- $ –20,224.17

Clearly we are able to see these yearly numbers slowly lower, is it the panels or is our tree simply rising a lot its blocking them increasingly? I dunno. I maintain debating topping the tree again a bit, possibly 5-10 ft?


December 2022 Piechart

Whole December 2022 Passive Earnings – $2,102.39

December 2021 Passive Earnings – $1,480.73

Yr over yr we see a rise of $621.66 in passive earnings this month or a 41.98% progress charge. Candy. An awesome finish to the yr.

December 2022 - Passive Income

Totals For 2022

Dividends Yr To Date Whole – $10,692.84
Different Passive Earnings Yr so far – $13,491.23
Whole Passive Earnings for 2022 —– $24,184.07
Yr Finish Aim – $25,000

We fell in need of our aim for the yr however we additionally did change our technique when rates of interest confirmed no indicators of slowing down. You’ll be able to examine that right here. On the finish of 2021 we tallied up our complete passive earnings and it sat at $17,009.91. I’ll fortunately take an additional $7,000 yr over yr enhance to our passive earnings. It’s kinda blows my thoughts how a lot it has grown in solely 7 years. Ethical of the story – begin investing now.

Purchases

 

December Inventory Purchases/ Gross sales

Let’s begin this off with 1 sale.

Franco Nevada

We offered our place already in Franco Nevada. This one simply ran up so quick from after I purchased it and at over 194 per share, I didn’t see us wanting so as to add to the place. We purchased 12 shares Sept 8 for 158 per share, so we locked in a 24% acquire in roughly 4 months. This sale misplaced $15.36 in ahead earnings.

Td Financial institution

It is a inventory I all the time preferred however offered off after I deleveraged the portfolio. I proceed to assume financial institution inventory costs will get damage shifting ahead however wished to begin averaging again into our place after they introduced that 8% dividend increase in November. The proceeds of the franco nevada sale and new money have been used right here.

We purchased 44 shares of Td financial institution at $86.33 per share. Now it’s possible you’ll be questioning, however Rob you offered your place in td earlier than at 84.90 per share. That’s a foul play. Sure within the quick time period it’s however like I discussed above I feel we are going to get td even cheaper in 2023. I offered 194 shares, this buy is just 1 / 4 of what I had. I’m simply beginning to common again into our place.

This buy added $168.96 to our ahead dividends.

In complete we added $153.60 in future passive earnings this month.

Bitcoin

A part of the rationale for my sale of Franco Nevada was that I’m additionally hedging in opposition to the greenback with our bitcoin place. As I’ve said earlier than that is purely a speculative funding and I received’t be throwing massive stacks at it.

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

Whole invested – $230

 

bitcoin

 

I made a decision to go together 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 a forty five day streak, I’m now getting about 6 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 considering attempting out the crypto house. I recognize the help.

Monetary Objectives Replace

Charities

Improve 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 may 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 larger at yr finish vs final yr, its all good!

 

Etf Month-to-month Minimal Buy of $250

  • This month we added 6 extra models of xaw etf.
  • Questrade* is nice as a result of it presents 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 extra value to you, I’d get a bit fee should you have been to enroll. You possibly can get $50 in free trades by utilizing my affiliate hyperlink although.
December 2022 Passive Earnings Conclusion

Its secure to say that 2022 was an amazing yr on the passive earnings entrance. General it elevated by fairly a bit. As we begin 2023 its time to as soon as once more reevaluate the portfolio and the strikes we’re making. I plan on persevering with to extend the general progress portion of the portfolio. The upper yielding corporations are inclined to all the time be those, that you just query. In the meantime the decrease yielding ones enhance their dividend considerably and the inventory worth climbs as properly.

Want you all nothing however peace, love, happiness and well being in 2023. Might it carry you every part you actually need.

Entice what you anticipate, Mirror what you need, Grow to be what you anticipate, Mirror what you admire – unknown



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