Home Side hustle February 2023 Passive Revenue – Good Occasions

February 2023 Passive Revenue – Good Occasions

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February 2023 Passive Revenue – Good Occasions

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  • 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 take in the rays, shoot some tequila and luxuriate in child free time collectively.

The market modified shortly 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 assumed was going to occur as I stated within the fall once I bought all our monetary shares. You possibly can 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 believe there can 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 stated the worst is but to return…”

and right here we’re, the information retains speaking about credit score suisse. Whereas a number of the shares we bought 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 value common cash into the market.

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

We stay 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. Brief time period that might be good for the market, however long run oh boy…. However a few of you understand my ideas on that – Tinfoil hats proper? 2030 you’ll personal nothing and be glad.

Life

My son turned 10 in February, we had a pleasant get together 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 good friend out for his or her first time. (my daughter even beat me, though it was free for all so she was most likely taking pictures me proper?)

That saying – Get pleasure from 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 yr olds do? Effectively we put on pink flamingo shirts and linen pants now. =) Learn books on the seaside, (completed the psychology of cash, nice e book) however nonetheless smash tequila photographs 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 ladies. A wonderful place, noticed just a little stays of a mayan constructing, did some purchasing and checked out the wonderful seaside there. Sadly the one topless girls had 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 massive of airplane I assumed would simply present how unhealthy pearson airport can be with lineups and so on, however surprisingly there was completely no lineups to get by the whole lot. Good work Pearson Airport.

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

Raises/ Cuts

6 Raises this month, gotta find it irresistible!

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

Nutrien – Nutrien threw down the most important increase we’ve got gotten thus far. They boosted their div by a formidable 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 you understand 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

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

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

This month was a implausible month for dividend raises including a strong $101.39 to our ahead earnings. Sadly that Algonquin minimize in January nonetheless retains us in damaging 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 interested by 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) bought
Rit ETF 66.56 (3 Drips) bought
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
Basic Mills – USD 72.93 (1 Drip) 78.84 (1 Drip)
Totals 343.14 321.22

1 shares/items Dripped in February.

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

In case your take a look at our Earlier Dividend Revenue Stories.

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 at all times receives a commission a month later) our photo voltaic panel system generated 39 kWh. Since we usher in a hard and fast charge 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 secure to say the panels had extra snow on them this yr than final yr. Winter months for photo voltaic positively don’t do a lot.

Complete Revenue for 2023 – $39.26

System Put in January 2018

Complete System Value ——–$32,396.46

Complete Revenue Acquired ——–$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 underneath 20k. Not rather more to say. Photo voltaic panels in Ontario in the course of the winter will not be good.

 


 

February 2023 Passive Income

Complete February 2023 Passive Revenue – $1,332.5

February 2022 Passive Revenue – $882.75

Whereas our dividend earnings is down, the general passive earnings continues to extend. General our passive earnings grew by 50.94% yr over yr, Let’s go!

February 2023 Passive Income

Totals For 2023

Dividends 12 months To Date Complete – $1,169.74
Different Passive Revenue 12 months thus far – $2803.10
Complete Passive Revenue for 2023 —– $3,972.84
12 months Finish Aim – $26,000 (15.28%)

Nearly 2k a month common, just a little 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 properly through the years, with each capital appreciation and dividend raises. I believe governments and the overall 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 earnings and almost certainly will enable us to drip one other share per quarter. Love that!

 

Bitcoin

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

Complete 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 cellphone 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 happy to make use of my affiliate right here in case your considering attempting out the crypto area. Or in case your a fan of the positioning and wanna toss me some btc my Shaketag is @hutz8

I admire the assist.

Monetary Objectives Replace

Charities

Etf Month-to-month Minimal Buy of $250

  • This month we added 0 extra items 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.
  • * Word the questrade hyperlink is a affiliate hyperlink and at no extra value to you, I might get just a little fee for those who had been to enroll. You could possibly 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 for those who stay right here in Ontario a tonne of snow. It was an incredible month total. Simply bear in mind governments are printing cash like loopy, you’ll be able to’t print time.. Go on the market and profit from it!…… whereas being fiscally accountable =) haha!

 

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

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