And we’re back! Here are the numbers for our passive income totals in April, 2019.
Throughout these updates we will go over the previous month’s dividend income, as well as our rolling 12 month projected dividend income and our progress towards our goal of having $50,000 in annual passive income. (More on our goals and the tax advantages of Canadian dividends in future posts). For reference, I received my first ever dividend payment in December 2017, and I immediately realized that they needed to be a prominent part of my any investment strategy.
April is projected to be one of our slowest months for passive income all year long, so while there are no exciting totals for the month the real excitement can be seen from our progress over last year. On that note, we are up 614% over April of 2018 – What a time to be alive!
So let’s have a look:
As you can see, our portfolio is still in its infancy and we are just scraping the surface of what we hope to be an amazing journey to financial independence.
To give you a brief breakdown of the investment strategy we employ in the above accounts, it breaks down a little something like this:
Our TFSA accounts are invested in solid blue chip Canadian dividend payers, while our RRSP accounts are spread across cheap international index funds covering the USA, Europe, Emerging Markets and Bonds. We will be doing a full breakdown of our portfolios in another post but I thought I would mention this here to give readers some perspective.