Thursday, June 5, 2014

Passive Income Update - May 2014

Welcome to my May 2014 monthly passive income update. This is part of the series where I, as a dividend growth investor, track my monthly dividends and other passive income sources. Passive income for the month of May 2014 was $306.99. 


Starting Apr 2014, I have decided to differentiate between the currencies when reporting my passive income. For this month, my passive income is US $100.81 and CA $197.11 and the exchange rate is $1 USD = $1.09 CAD.

My passive income YTD is $1889.03 and achieves 47.22% of my 2014 goal of $4,000. To put things into perspective, I have now crossed my passive income from 2012, which totaled $1,647. This month's passive income is 139.94% higher than a year ago (May 2013 passive income was $128.48). 

Passive income contributing entities:
Stocks:
  • Cineplex Inc (CGX.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Kinder Morgan Inc (KMI)
  • Omega Healthcare Investors Inc (OHI)
  • Realty Income Corp (O)
  • RioCan REIT (REI.UN.TO)
  • The Jean Coutu Group Inc (PJC.A.TO)
Funds:
  • BMO Equal Weight Utilities Index ETF (ZUT.TO)
  • Claymore S&P US Dividend Growers ETF (CUD.TO)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • Scotia Diversified Monthly Income Fund (mutual fund)
    Other:
    • Advertising revenue from this blog
    • Interest on cash
    • MBNA Smartcash cashback credit card
    • Seeking Alpha - one new article published.

    My "other" sources of passive income have been growing this year as part of my plan to grow that revenue stream in 2014. The breakdown of my passive income contributing entities is shown below: my dividends totaled $192.01 and my other passive income totaled $114.98 in May.

    A note on Seeking Alpha premium articles: Even though I thought it was a decently written article, I did not get enough pageviews compared to what I used to get in the past with the latest article. In total, I received 1K pageviews on this article. In addition, I see weird behavior with SA - such as: article was published at 2am, article was buried and wasn't advertised to the reader (compared to free syndicated articles which has a much higher readership sometimes totaling 10K pageviews). Either SA is not being frank about their premium pageviews or burying those articles on purpose - either way, its a loss for both me and readers as good ideas are lost. I will continue monitoring this and will probably discontinue any premium writeups on SA.

    Portfolio Update

    Dividend Increases
    April saw dividend increase announcements from my portfolio holdings.

    Over the course of the month, I have added to some of my positions. The following are the details of my portfolio changes.

    Added positions
    I added to my positions in:
    • Claymore S&P US Dividend Growers ETF (CUD.TO)
    • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
    • Scotia Canadian Balanced Fund (mutual fund)
    • The Bank of Nova Scotia (BNS.TO)

    My full list of holdings can be found here.

    32 comments:

    1. R2R,
      Nice looking month. Strange how the SA article didn't perform. That's a lot of work to put in to get such low readership. Is this the first time this has happened?
      -RBD

      ReplyDelete
      Replies
      1. Hi RBD,
        No, Ive been noticing this trend over the last couple of months. My first two articles did great, which is why I continued writing...but its been a downward slide since then.

        Delete
      2. Do you have a contact there you can email?

        Delete
      3. Ive seen some similar threads in the SA forum. The only explanation provided from the staff was that it was because of the post-May summer lull in investors and readership. I dont buy that argument at all.

        Delete
      4. I've had the same problem with SA guys. Additionally, articles they pull off my site are much better publicized and more widely read than the premium articles they are paying for.

        I have also noticed that when I submit articles to SA they are being published DAYS quicker than they were, which suggests to me that fewer people are writing for them. I'm thinking about quitting as well. darn jerks
        -Bryan

        Delete
      5. Yeah sorry to hear that Bryan. I think we had a good run while it lasted. We'll have to look elsewhere now.

        R2R

        Delete
    2. Another great month R2R! Very detailed and easy to follow report. The charts are a great complement to the report. Thanks for sharing your progress. Wishing you continued success in your journey to FI. AFFJ

      ReplyDelete
      Replies
      1. Thanks for stopping by and the comment, AFFJ. I believe in keeping things simple - no need to complicate a report :)

        Best wishes
        R2R

        Delete
    3. Congrats on a great month! I need to take a page out of your gameplan and start writing more freelance articles, guest posts. Not only does it help with the "other" income stream, but it can also help build refer traffic back to your own site.

      Keep up the great work!

      ReplyDelete
      Replies
      1. It sure does, FIFighter. Every time my articles get published on SA, i see a huge surge in traffic on the blog and Im sure some of them end up following regularly via various social media streams.

        Thanks for stopping by.
        R2R

        Delete
    4. Congrats on the great month! The effects of compounding are amazing, huh? Especially when you supercharge it with new money! I think the most staggering number is the year over year increase! Imagine what next year will look like!

      ReplyDelete
      Replies
      1. Hi Evan,
        Yeah Im happy with the YoY increase. Hopefully next year will be positive considering that I am pulling some money out of my portfolio for the home purchase.

        regards

        Delete
    5. Hi R2R, well done this month. Keep up the good work!

      ReplyDelete
      Replies
      1. Thanks for stopping by and the comment, Dividend Dream.
        R2R

        Delete
    6. R2R,

      Super solid month! Are you going to continue to add to your ETF holdings? I am thinking about adding some more to DVY or VIG. I know there are fees, but I sometimes feel the diversification is worth the extra cost.

      MDP

      ReplyDelete
      Replies
      1. Thanks MDP.
        The game plan is to sell those funds in order to cover my down payment. I might have one or two funds left over after that. But the plan is to move my wife's portfolio from mutual funds to ETFs.
        So, I will be selling these from my portfolio since I need the cash now. My wife is also selling part of her position in mutual funds. Going forward, I will be investing in stocks almost exclusively - and my wife's portfolio will be all low cost funds.

        R2R

        Delete
    7. Looking good man. Like your REI.UN RioCan REIT as I hold the same. In fact its my favorite REIT and I will probably increase my holding of it in the future. Also your CGX Cineplex looks enticing. I will put it on my shortlist thanks!

      Good Day and Grind On!

      ReplyDelete
      Replies
      1. REI.UN has been my longest holding - 5 years last month. I picked it up right at the bottom of the market, so the stock value has doubled and paid almost half of the initial investment amount in dividends so far. Too bad i didnt pick up more on the way. The dividends havent been rising, so I didnt invest more in it. I did manage to pick up when the yield was 10% and my YOC is stayed at that point since then.

        CGX is also a good pick, I think...although its a bit expensive now.

        Thanks for stopping by. You have a great day as well.
        R2R

        Delete
    8. Congrats R2R on the another great month! I love to see the passive income in numbers. I have similar stocks that you own. I guess the next month (June) will be even higher.

      Cheers.

      ReplyDelete
      Replies
      1. Hi FJ,
        Yes, June should be a better month as more of my holdings pay this month. Looking forward to a good month :)

        Best wishes
        R2R

        Delete
    9. Very impressive yoy gains! The snowball affect is working!

      ReplyDelete
      Replies
      1. It sure is, CI. Thanks for stopping by and the wishes

        R2R

        Delete
    10. R2R,

      Great month! Solid passive income across the board. Huge improvement YOY.

      Sorry to hear about the experience with SA, though. I tried submitting an article a premium article a while ago and got a big runaround. However, I'm always happy when they republish one of my articles from my blog. Maybe they'll improve in the future?

      Keep up the great work!

      Best wishes.

      ReplyDelete
      Replies
      1. Mantra,
        Thanks. Yes, I am pleased with the YoY improvement although it would be hard to follow up impressive gains like that going forward.

        Sorry to hear you are having similar problems with SA.

        Best wishes
        R2R

        Delete
    11. My wife and I are doing well on the dividend income front as well. A little less than you, but also ahead of prior years totals. Looking forward to June which is a big month for payments from our holdings!

      ReplyDelete
      Replies
      1. Glad to hear you are doing well ahead of previous years totals, Jon. June is usually a good month for us as well. Looking forward to it :)

        regards

        Delete
    12. Solid month and that's a huge YoY increase. SA has definitely been hit or miss. Although I've written about some smaller cap stocks which has killed my pv's. Another big issue I have is why we don't get mobile pageviews. I think that continues to hurt pageviews and if you've ever tried to view an article on a smartphone through a browser it's very difficult and they really push the app. Seems a bit shady to me to push people to a platform that you aren't paying for those views. I'll still give it a bit more to see where we go from here. Keep up the good work!

      ReplyDelete
      Replies
      1. Yeah I observed the same problem with mobile access and was annoyed at SA for trying to push their app. Thanks - the YoY increase has been great so far, but dont think that growth will continue and might take a hit in the near term.

        Best wishes
        R2R

        Delete
    13. Congrats on the great month! I'm beginning to see the light through the trees with my own portfolio. I'm now totally convinced about how successful dividend investing can be.

      ReplyDelete
      Replies
      1. Im glad you are realizing the potential of dividend investing, Stock Fox. Thanks for stopping by. I will be sure to check out your blog.

        regards

        Delete
    14. RM2R,

      Amazing month! Looks like you are crushing it year to date - June 2014 is going to be incredible for you as well. I guarantee you will be over 60% there after this month. Keep it up!

      -Lanny, one of the dividend diplomats

      ReplyDelete
      Replies
      1. Hi Lanny,
        The payout in June should be higher, but not as high Mar as one of my funds paid out the annual distribution. I expect June's payout will bring us closer to 55% of the goal. Still happy with the progress :)
        Thanks for stopping by and the comment. Best wishes with your investments and dividends

        R2R

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