Last month I received around $450 pure passive income from 27 different income sources.
Regular readers know that I receive slightly lower dividend payments in February, May, August and November, and I receive higher income in March, June, September, and December.
Therefore, last month dividend income was not impressive compared to the rest of the months, but still it is big money for me as I can buy more assets for more income.
For the last few months, I have been making a couple changes in my U.S portfolio.
As a result, my February-2019 dividend income will be slightly lower than last month (comparing quarterly dividend income).
In addition, ALA has reduced its dividend recently which may negatively affect my income (impact will be very minimal).
However, dividend growths and recent purchases will help me for decent growth in the coming years.
As always, I aggressively buy stocks when markets in a negative mood.
Therefore, I have been adding a lot of stocks recently to my portfolio (mostly in my existing positions). I will update about my recent purchases in my January portfolio update post.
I am income-focused investors. Lower stock price means more income for my invested capital. In other words, I get more shares and more dividends for every dollar I put to work.
Once in a while, we get these types of opportunities.
I am pretty sure this is not the big or last market correction. We will continue these types of corrections, bear markets and bull markets in the coming months and years.
If you understand the risk you have been taking when you invest in assets and if you know your long-term goal and what you are investing in, there is no point to worrying about the daily share price fluctuations.
History is our guide.
Based on history, corrections and bear markets are the good times to buy higher quality assets at a lower price.
If history repeats the same way as it did in the past, my net-worth gets a boost as I have been adding positions in current market.
And, that’s what I am doing now in this recent market volatility – buying more stocks.
I hope you enjoy the post.
Disclaimer:
I am not a licensed financial adviser. In this website, I have been documenting my financial journey for fun and entertainment purpose only. My financial goals, risk tolerance, and financial situations will be much different than yours. We all are unique by nature. Therefore, as I always say, please do your own due diligence or discuss with a qualified financial professional before making any financial decisions.
As I always, I strongly encourage readers to consult a qualified financial adviser, consider potential tax implications and to do their own proper due diligence before taking any information from this website.
Let’s get back to the numbers.
I received $449.62 dividend in November 2018, which is 9.18% higher than the dividend I received in November 2017.
Summing up all the dividends I received in 2018, I came up with $8101.40. One of my short-term goals is to receive at least $9000 dividend income during the year of 2018. So far, I achieved 90.02% of the goal.
Dividend income from Canadian stocks
- CGX – $14.50
- XRE – $10.35
- NWH.UN – $3.33
- NVU.UN – $9.51
- FC – $7.80
- DRG.UN – $3.33
- CAR.UN – $3.33
- REI.UN – $12.00
- ZDH – $9.90
- PWF – $64.96
- MRG.UN – $5.50
- BEI.UN – $8.34
- ALA – $23.38
- EMA – $52.88
- IPL – $7.00
- RY – $78.40
- BMO – $48.00
Dividend income from U.S stocks
- PG – $8.61
- KMI – $10.00
- CL – $2.10
- VZ – $9.04
- GIS – $12.25
- CVS – $7.50
- T – $18.50
- O – $2.21
- OHI – $13.20
- HCP – $3.70
Total dividend I received from U.S stock holdings: $87.11
Total: $449.62
Total dividend I received for year 2018: $8101.40
Please note that I do not convert dividends received from U.S stocks to Canadian dollar, and I use a 1 to 1 currency rate approach to keep the math simple and avoid fluctuations in my dividend income reports due to changes in the exchange rate.
Estimated passive income
For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.
My Estimated passive income is currently at $9868.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 39.47% of my goal.
I am very happy with my results and achievements so far. I hope I am moving in the right direction toward my long term financial goals.
Learn about finance, live within your mean, save and invest in high quality assets will help you reach your financial goals, and the process is much earlier than you think.
Thank you so much for your great support, encouragement, and being in my financial journey.
Leave a Reply