Welcome to another monthly review of passive income for my portfolio. Let’s see what the first month of 2024 brought.
Dividend Income
During January, one company from my portfolio paid a dividend:
$8.04 from W.P.Carey is actually smaller than what they paid out three months ago ($10.01). As I mentioned in previous post, the company spinned off part of its business, paid out some cash to shareholders but their dividend is reduced since then.
As always, I am comparing my dividends to actual expenses:
- €7.39 from W.P.Carey would cover 0.2% of our Mortgage payments for the last 3 months.
P2P Lending Income
Next, I received some interest from P2P Lending:
€7.05 is slightly more than my average income from this source, so I guess it will be smaller in the next month. Additionally, Savy platform will start charging the monthly €1 fee, so I should expect some smaller income here.
Other Passive Income
Finally, I received some smaller amounts from two additional sources of passive income:
- €4.29 interest from Real Estate Crowdfunding;
- €1.40 interest from Money Market Funds.
Passive Income Summary
After adding it all together, passive income in January sums up to €20.13:
Here’s a visualization of income from different categories:
Finally, I like to see comparison to previous year’s passive income:
Investments and Portfolio Contributions
During January, I allocated €500 to my investment account. I didn’t have enough money to initiate a new purchase, so it is just waiting for more funds.
Summary
First month of the year is over and time seems to be flying. January brought €20.13 in passive income, which was result of our continuous investments. It’s nice to see that passive income is more than double of what we received during this month last year.
However, I am not sure if we will be able to keep up the pace as the year progresses. We have quite a few plans this year and it will affect how much funds we can contribute for investments. Time will tell but I will try to contribute at least something to the portfolio each month.
Thanks for reading!