Since October started, time to update on September passive income. All personal finance bloggers do give an update on it, right?
I was thinking of working all possible hours and it really sucks...I realized slowing down is actually better. When you get tired, i tend to follow un-mustachian ways of drying clothes in the machine, and eating out.
The passive income for this month is below $100 if I consider only my TFSA and RRSP. But, we have another account, started with $10,000 and totally ignored for some weird reasons. I started taking care of that one too. That is with Scotia iTrade. Scotia has great site, but, if you don't have minimum of $25,000 there, the fees can really kill you. So, my new strategy is to buy their commission free ETFs.
All those 3 accounts combined, I made a total of $130. For me, it is a good amount of money for a month in passive income. Most of the money is reinvested along with some new money.
The one ETF on iTrade commission free list is ZWB/ BMO covered call Canadian bank ETF. I bought at $16.70/share. The price a bit high now. In another post I will try to explain what is a covered call.
Around the time I started saving and investing, hubby stopped saving in RRSP and TFSA. Now, we are going to start that again for him: this time DIY investments. So, let us see where it goes.
Oh, by the way, the blog receive $0.02 during the last month as well. Since it is less than what I can take out, it is going to stay with Google.
Previously on Pellrides