Wow, we are fast approaching to the end of 2018. Time is flying.
Almost all the markets are going through a widely expected correction. And, most of the high growth stocks, especially in tech sectors, have been experiencing the bear market (drop 20% or more) for the last couple of weeks.
As a long-term investor, we should learn to live with corrections and bear markets because they are part of the investing journey, and without them, the journey would be boring.
When a market has a correction, then it will bring down pretty much everything along with it, even high-quality companies with sound fundamentals.
Market timers, traders, high-risk takers and some Investors rush to sell everything for any price without analyzing the reasons of the sell-off.
Some of them may come back after recovered, and many of them may not return to market forever. These types of people usually start to think that the stock market is gambling.
But, for many long-term investors, corrections and bear markets are good for two reasons:
First, they will eliminate bad investors and bad stocks from the market. In other words, corrections will clean up some bad stuff from the market.
Second, high-quality companies will be available to purchase for a cheap price so they can be purchased at a lower price than they were a month or year ago.
As a Canadian long-term investor, I have already experienced a number of bear markets and corrections during my investment journey, so the current one is neither new nor big for me.
Actually, my portfolio took a small hit in October, but it is doing pretty well in November, even after the sharp drop of my two small holdings (AltaGas & Cineplex), thanks to my diversification strategy.
If you are a dividend investor and not sure what to do during a market correction, then I would recommend you to read the following two books: I hope you will enjoy and learn a lot for a fraction of cost.
– Get Rich with Dividends: A Proven System for Earning Double-Digit Returns by Marc Lichtenfeld
– The Single Best Investment: Creating Wealth with Dividend Growth by Lowell Miller
Both books will certainly teach how you could build a massive wealth with dividend using a proven strategy.
Recently, I had a chance to re-read the first book (this is the third time). It is a wonderful book. And, if you read these books and understand the strategy, then you will be excited about the recent market sell-off.
Disclosure: Please note above are affiliate links. Therefore, I will earn a commission when you use the above links to purchase products or services from Amazon (at no additional cost to you).
Disclaimer..
Please note the information posted on this website is the opinion of my own and should not be considered as professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at any time.
Any transactions I publish on this website are not recommendations to buy or sell any securities or investments.
Please do your own research or consult with a qualified financial professional before even considering using the information obtained from this website.
- Keep eye on dividends and ignore share prices
- Building Wealth – The Goose that laid the golden eggs
- How I receive low-interest loans?
- I borrow money to invest in stocks (leverage investing)
Let’s get back to the numbers.
I received $856.09 dividend in October 2018, which is 27.78% higher than the dividend I received in October 2017.
Summing up all the dividends I received in 2018, I came up with $7,651.78. One of my short-term goals is to receive at least $9000 dividend income during the year of 2018. So far, I achieved 85.02% of the goal.
Dividend income from Canadian stocks
- CGX – $14.50
- XRE – $10.35
- NWH.UN – $3.33
- NVU.UN – $9.51
- FC – $7.80
- DRG.UN – $3.33
- CAR.UN – $3.32
- REI.UN – $12.00
- ZDH – $8.73
- MRG.UN – $5.50
- KPT – $18.00
- BEI.UN – $8.34
- T – $53.75
- ALA – $27.38
- BCE – $135.90
- IPL – $7.00
- NWC – $16.00
- VNR – $36.25
- BNS – $85.00
- CM – $34.00
- AQN – $54.58
- TD – $100.50
- TRP – $131.10
Dividend income from Small-cap Growth portfolio
- CWX – $3.50
- DIV – $1.48
Dividend income from U.S stocks
- CSCO – $4.95
- NOBL – $7.29
- DGRO – $28.45
- IDV – $16.19
- MKC – $1.95
- KO – $3.90
- O – $2.21
Total dividend I received from U.S stock holdings: $64.94
Total: $856.09
Total dividend I received for year 2018: $7,651.78
Estimated passive income
For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.
My Estimated passive income is currently at $9820.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 39.28% of my goal.
I hope I have been moving in the right direction toward my long-term financial goals and I am very happy with my results so far.
Learn about finance, live within your mean, save and invest in high-quality assets will help you reach your financial goals much earlier than you think.
Thank you so much for your great support, encouragement, and being in my financial journey.
If you haven’t done so, please subscribe to our FREE newsletter to stay inspired and also to keep in touch with us.
I just wanted to drop by and say THANK YOU for doing this. In my case, I wasted my time & money with mutual funds for last 20 years. Fees swallowed the returns that should belong to me. After fees and return, my real return is almost zero.
Recently, I took control of my finance, have been doing relatively well. I wish I should have done this in my younger age. You guys are great and on-track reach your financial freedom. Wish you all the best in your success.
– Barry
Hello Barry,
Thank you for stopping by and sharing your thoughts,
Not all the mutual funds are bad. There are some great funds that outperformed the market for a long term. Anyways, we will have more care our money than anyone else..
Wish you all the best as well 🙂
Cheers,