Hello and welcome to a brand new year with brand new opportunities. Hope you are having a good year so far. I know I am, and I have a lot to look forward to in this year 2022.

I’m very excited to bring you the update for January 2022, where I was able to reach the first major milestone in my passive income journey. I was able to reach the $50 per month dividend income and January being a non-quarter-end month, this income is almost guaranteed every month. While this is the first income milestone in my journey, there still is a long way to go for any possibility of FIRE.

I was able to reach this milestone just after one year anniversary of my dividend investing journey. So, I believe that I can reach another milestone by the end of the year. The next milestone is $100/month. We will see if we can reach this in a few months.

Canadian Dividend Stock Portfolio Value: January 2022

The overall stock market in both Canada and USA is seeing some downtrends since the dawn of the new year. Some are saying that this is just the beginning of a much worse bear market. However, dividend investors have little to worry about in these market conditions.

Of course, every investor should be wary about the future outlook of their investments. The one benefit for dividend investors is that they don’t need to worry about market price fluctuations. They are only worried about the sustainability of their dividend income. Any price appreciation will be a bonus.

Having said this, my portfolio’s market value is down. To make matters worse, 90% of the value decrease is driven by one stock — one growth stock. So, I’m not receiving any dividend income on this stock to offset the dip in price. A lose-lose situation for me. However, I believe in this company’s long-term potential, so I do plan to hold it for the long run.

As of January 31, 2022, my portfolio’s market value stood at $14,518. The total invested amount was $15,129. This means that I have lost around $611 in market value through price depreciation.

Canadian Dividend Portfolio holdings: January 2022

In January, I was able to invest $815 into my dividend portfolio, excluding dividend reinvestments. This bought me some additional stocks and new positions as well. Below is a breakdown of my holdings at the end of the month.

Company	Ticker	No. of Shares	Purchase Price	Total Value at Cost
Keyera Corp.	KEY	89	$31.78	$2,828.45
Pembina Pipeline Corp.	PPL	31	$39.46	$1,223.38
Enbridge Inc.	ENB	20	$49.55	$991.00
North-West Health Prop REIT	NWH.UN	73	$13.21	$964.15
Timbercreek Financial	TF	164	$9.59	$1,572.32
Newport Exploration Ltd	NWX	1,636	$0.45	$731.2
Pizza Pizza Royalty Corp.	PZA	181	$11.31	$2,046.73
Canoe EIT Income Fund	EIT.UN	83	$12.50	$1,037.28
BMO Canadian High Dividend Covered Call ETF	ZWC	31	$18.66	$578.32
Vanguard S&P 500 Index ETF	VFV	11	$101.03	$1,114.44
Bank of Montreal	BMO	2	$138.68	$277.36
Vision Lithium	VLI	1120	$0.18	$201.95
Standard Lithium	SLI	11	$10.86	$119.43
Purpose Ether Yield ETF	ETHY	23	$8.15	$187.36
CloudMD Software	DOC.V	657	$1.91	$1,255.97
Total				$15,129.34

The newest addition to my portfolio is an Ethereum-based ETF named ‘Purpose Ether Yield ETF.’ This fund seeks to sell covered call options on Ethereum, which is a fancy way of saying that they take calculated risks on price predictions of the second-largest cryptocurrency in the world: Ethereum. At the time of purchasing this ETF, they were promising a juicy 15% annual dividend yield, which will be paid monthly.

I was also able to add to some other holdings in my portfolio to take advantage of the bearish market conditions.

Dividend Income update: January 2022

As I mentioned earlier in the article, I reached a very important milestone in passive income generation in the month of January. I receive a stable $50 dividend income from now onwards. As long as these companies stay true to their dividend promise, I will be receiving this additional cash.

Below are my incomes for the month of January 2022 and the 6 months preceding it.

Company	July 21	Aug 21	Sept 21	Oct 21	Nov 21	Dec 21	Jan 22	Total (All time)
Keyera Corp.	$0.64	$4.80	$12.16	$12.32	$12.32	$12.32	$12.64	$71.04
Manulife Fin. Corp.	–	–	–	–	–	–	–	$2.2
Pembina Pipeline	$0.63	$5.25	$5.25	$5.25	$5.46	$5.46	$5.46	$36.4
Shaw Comm.	$0.40	–	–	–	–	–	–	$2.79
Canadian Ut.	–	–	–	–	–	–	–	$1.32
Enbridge Inc.	–	–	$16.7	–	–	$16.7	–	$35.0
North-West REIT	$0.07	$4.33	$4.33	$4.33	$4.33	$4.33	$4.4	$26.3
E Split Corp (A)	$1.30	–	–	–	–	–	–	$3.38
Timbercreek Financial	$0.69	$6.04	$7.71	$9.26	$9.26	$9.23	$9.37	$52.2
Dividend 15 Split Corp.	$1.20	–	–	–	–	–	–	$2.40
Canoe EIT	$1.7	–	–	–	–	$8.0	$8.2	$17.9
Newport Exp.	–	–	$22.7	–	–	$32.5	–	$55.2
Pizza Pizza	–	–	–	$10.62	$10.62	$10.62	$10.74	$42.6
BMO High Div ETF	–	–	–	–	$0.60	$2.6	$3.1	$6.3
Vanguard S$P 500 ETF	–	–	–	–	–	–	$3.69	$3.6
Total	$6.63	$20.42	$68.85	$41.78	$42.59	$101.76	$57.6	$364.4

All of this dividend income went right back into the portfolio. This is the fastest way to grow your portfolio and keep increasing your dividend income every month.

At just a 5% average yield per annum, my investments should earn me around $750 for the year 2022. But, I’m not finished adding money this year. In fact, I’m just beginning. So, maybe, that dreamy goal of $100/month in dividend income is not so far away.

Let me know what you think about my stock picks in the comments below. What are your dividend income goals for the new year? Let us hear.

See you in the next month’s update soon. Until then, happy investing.