Zolak November 2022 Passive Income Seinfeld – Helllllooo! The market is beginning to rip once more…. and I’m not a fan. Being within the accumulation stage I need costs to be as little as they are often. I don’t suppose the market must be getting all excited as inflation continues to be north of seven% and rates of interest will nonetheless be rising. Powell talked about charges might not go as excessive as he initially thought and right here we’re. Rates are nonetheless manner greater than they have been at the beginning of 2022 and can most likely go up a few times extra earlier than they freeze or begin decreasing them for my part. I learn an incredible article on mortgage charges the opposite day, however right here’s one line that stood out to me. From one other historic perspective, when charges elevated within the Eighties from a base level of 10% to twenty%, this represented a 2x price improve. However, a price improve in 2022 from a base level 0.25% to 4.25% represents a 16x price improve, which could have a a lot larger shock to the economic system. I believe we’ll see even higher costs in 2023, however we proceed to greenback value common into our portfolio. I’m not cashing out our portfolio, though I’m actually tempted by this rally to be sincere. I’ve been improper previously although, so I’ll simply persist with the plan. Raises We had 4 Raises this month. Suncor (SU) raised their dividend for the 2nd time this yr. This increase was one other 11% including $82.20 to our ahead revenue. Couche-Tard (OTCPK:ANCUF) got here by way of as soon as once more with a monster increase. This one was 27.3% and provides $20.40 to these future dividends. Enbridge busted out a 3.2% dividend increase. Since it is one among our largest holdings this added $33.22 to our revenue. National Bank raised 5.4% however since we solely maintain the 1 drip at present this added solely 20 cents. An incredible month for dividend raises and in complete we’ll usher in $136.02 extra revenue subsequent yr with out doing something totally different. We offered off a bunch of corporations this yr to repay our HELOC. While some have labored out good, some haven’t. But the great factor is our total dividend portfolio has introduced raises in 2022. We removed all non-dividend raisers, and it feels good! (Other than Disney.) Total Added Income from Dividend Raises in 2022 – $537.09 Since our portfolio at present brings in $8,182 yearly these raises alone added simply over 7% to our revenue throughout 2022. This is the ability of dividend development investing. November 2022 Dividend Income 6 Companies paid us this month. Stocks November 2021 Income Nov 2022 Income SmartCentres (OTCPK:CWYUF) 33.15 (1 Drip) offered RIT ETF (RIT:CA) 65.95 offered National Bank of Canada (OTCPK:NTIOF) 41.18 154.56 (1 Drip) Texas Instruments – USD (TXN) 0 32.24 Air Products – USD (APD) 0 74.52 Procter & Gamble – USD (PG) 20.88 31.05 AbbVie – USD (ABBV) 91.00 98.70 General Mills – USD (GIS) 72.42 (1 Drip) 78.84 Totals 324.58 469.91 Click to enlarge 1 inventory Dripped in November. Unfortunately, only one dividend dripped this month and even worse I offered the place after the ex-dividend date. (I assumed banks can be in for some exhausting instances the subsequent 6-12 months and up to now they’ve executed nicely. Although we are able to see the revenue down on some as they set more cash apart for dangerous loans) General Mills has been on a tear this yr and now we not usher in sufficient to drip them. But I don’t thoughts an excessive amount of as I need as a lot USD within the account as we are able to get. This month is usually US shares, and that cash can be gasoline for the subsequent US inventory buy. 310 bucks USD is good, since I hate changing our CDN {dollars} in the intervening time! Our Drips (Dividend Reinvestment Program) added a monster $3.88 in future dividends. Other Income Private Investment Payment – $1000.00. 1k a month, straight to the HELOC. Solar Panel Income In October (we all the time receives a commission a month later) our photo voltaic panel system generated 444 kWh. Since we usher in a set price of 28.8 cents per kilowatt hour, Hydro One (OTCPK:HRNNF) deposited $122.73 into our checking account this month. Last October the system generated $99.42 so we’re fairly a bit greater this month. The climate has been in every single place this fall. Total Income for 2022 $2,225.11 System Installed January 2018 Total System Cost $32,396.46 Total Income Received $12,110.33 Amount to Break even -$20,286.13 Click to enlarge Total November 2022 Passive Income – $1,592.64 November 2021 Passive Income – $924 This has bought to be our highest development price ever, and let’s be sincere most likely will not see this for a very long time. This month our development price in complete passive revenue is a monster 72.36% development price yr over yr. Absolutely large and good to see in these decrease paying months. Totals For 2022 Dividends Year To Date Total – $9,652.41 Other Passive Income Year so far – $12,429.27 Total Passive Income for 2022 – $22,081.68 Year End Goal – $25,000 Getting near the purpose, however probably can be just a little brief. All good whenever you set the bar so excessive. November Stock Purchases We made simply 1 buy this month because the market for my part shot up for no motive in any respect. Inflation continues to be over 7% and charges are nonetheless rising. We purchased 8 extra shares of Microsoft (MSFT) earlier than the run up. I’ve all the time wished to get this place into our high 10 and this month it broke into the checklist within the quantity 8 spot. 8 shares bought at $224.02 per share. This provides $21.76 to our ahead revenue. I plan on persevering with to develop this place sooner or later below 240. Bitcoin Well as a few of it’s possible you’ll nicely know, I’ve been anti crypto for years now. My thoughts has modified a bit. I attend a month-to-month mastermind meetup with 6 guys. 2 crypto bulls, 2 inventory guys and a pair of actual property guys. The crypto guys have satisfied me to dip into the area. I gained’t contact any crap cash. I’ll simply persist with bitcoin and probably Ethereum. This is solely a speculative funding and mainly a hedge in opposition to our greenback. In my opinion governments are completely destroying our bucks and we reside in a world with no repercussions. They maintain their jobs and proceed printing cash. For the primary time ever the financial institution of Canada is now shedding cash. They misplaced 522 million in 3 months. Will rates of interest maintain going as much as battle inflation or will they dial again since they can not afford it? I’m guessing we’ll proceed printing the distinction. But, hey, bought to provide credit score the place it is due. The liberals actually mentioned financial coverage wasn’t a priority this election and folks nonetheless voted for them… My plan for bitcoin is 100 to begin and 20 bucks added each week. I’ll replace how issues are going each month. Total invested – $110 Financial Goals Update Charities We proceed our month-to-month donation to The Nature Conservancy of Canada of $85. Increase Dividends by $4285.81 this yr (bringing our ahead revenue from dividends to $13,000 a yr). Unfortunately, I’m going to ignore this now. While we might have 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. As lengthy because the ahead passive revenue is greater at yr finish vs. final yr, it is all good! ETF Monthly Minimum Purchase of $250 This month we added 7 extra items of XAW ETF. Questrade is nice as a result of it gives 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. November 2022 Passive Income Conclusion An honest month total. Clearly an emotional one, however her time was due. Now we get able to go away on trip after which get pleasure from time with family and friends for Christmas. Always one among my favorite instances of the yr though not financially… Wish you all nothing however the perfect. Cheers! In the top it’s not the years of your life that rely. It’s the life in your years – Abraham Lincoln Original Post Editor’s Note: The abstract bullets for this text have been chosen by Seeking Alpha editors.
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November 2022 Passive Income – Mouth Watering Year Over Year Growth
