My Passive Income report (estimated yearly passive income)
This passive income report will help me to track my progress, and also keep motivate myself to stay in this game and achieve my goal. I also hope that this may inspire you to work hard, save and invest for your future. According to the Wikipedia, “Passive income is an income received on a regular basis, with little effort required to maintain it”.My progress
100%
Progress chart
As per readers’ requests, I have included a chart to show my progress.
My projected dividend income report
| Date | Estimated yearly income | Comments |
|---|---|---|
| June 23, 2023 | $31 154 | Recent purchases and dividend hikes recent changes |
| May 18, 2023 | $31 181 | Recent purchases and dividend hikes recent changes |
| April 27, 2023 | $31 125 | Recent purchases and dividend hikes recent changes |
| March 14, 2023 | $30 381 | Recent purchases and dividend hikes recent changes |
| February 17, 2023 | $29 589 | AQN dividend cut & recent changes |
| January 11, 2023 | $30 198 | recent changes |
| December 09, 2022 | $30 257 | SYZ dividend cut & recent changes |
| November 08, 2022 | $30 718 | recent changes |
| October 20, 2022 | $30 597 | recent changes |
| September 20, 2022 | $26 042 | recent changes |
| August 30, 2022 | $25 566 | recent changes |
| July 14, 2022 | $25 318 | recent changes |
| June 14, 2022 | $24 813 | recent changes |
| May 20, 2022 | $24 618 | Currency appreciation and recent changes |
| April 13, 2022 | $24 432 | Currency appreciation and recent changes |
| March 24, 2022 | $24 227 | Currency appreciation and recent changes |
| February 09, 2022 | $23 502 | Currency appreciation and recent changes |
| January 14, 2022 | $23 177 | Currency appreciation and recent changes |
| December 16, 2021 | $21 991 | Currency appreciation and recent changes |
| November 09, 2021 | $20 499 | Currency appreciation and recent changes |
| October 18, 2021 | $20 318 | Currency appreciation and recent changes |
| September 20, 2021 | $19 864 | Currency appreciation and recent changes |
| August 09, 2021 | $19 839 | Currency appreciation and recent changes |
| July 08, 2021 | $18 668 | Currency appreciation and recent changes |
| June 09, 2021 | $18 434 | Currency appreciation and recent changes |
| May 12, 2021 | $17 608 | Currency appreciation and recent changes |
| April 09, 2021 | $17 596 | recent changes |
| March 10, 2021 | $17 462 | recent changes |
| February 15, 2021 | $16 688 | recent changes |
| January 08, 2021 | $16 991 | recent changes |
| December 10, 2020 | $15 871 | recent changes |
| November 12, 2020 | $15 385 | recent changes |
| October 16, 2020 | $14 828 | recent changes |
| September 18, 2020 | $$13 821 | recent changes |
| August 14, 2020 | $13 634 | recent changes |
| July 20, 2020 | $11 634 | recent changes |
| June 16, 2020 | $11 163 | recent changes |
| May 22, 2020 | $9836 | recent changes |
| April 16, 2020 | $9333 | recent changes |
| March 10, 2020 | $12 493 | recent purchases and dividend hikes |
| February 14, 2020 | $11 880 | recent purchases and dividend hikes |
| January 10, 2020 | $11 687 | recent changes – down from last month due to the recent sales of CGX and PWF holdings (partially offset by new purchases and dividend hikes announcements) |
| December 06, 2019 | $11 712 | Dividend hikes and recent changes. |
| November 08, 2019 | $11 519 | Dividend hikes and recent changes. |
| October 04, 2019 | $11 353 | Dividend hikes and recent changes. |
| September 06, 2019 | $11 295 | Dividend hikes and recent changes. |
| August 09, 2019 | $11 147 | Dividend hikes and recent changes. |
| July 05, 2019 | $11 031 | Dividend hikes and recent changes. |
| June 07, 2019 | $10 948 | Dividend hikes and recent changes. |
| May 08, 2019 | $10 818 | Dividend hikes and recent changes. |
| April 10, 2019 | $10 735 | Dividend hikes and recent changes. |
| March 08, 2019 | $10 600 | Dividend hikes and recent purchases. |
| February 11, 2019 | $10 195 | Dividend hikes and recent purchases. |
| January 07, 2019 | $10 036 | Dividend hikes, ALA dividend cut, and recent purchases. |
| December 02, 2018 | $9868 | Dividend hikes and recent changes. |
| November 10 , 2018 | $9820 | Dividend hikes and recent changes. |
| October 03 , 2018 | $9602 | Dividend hikes and recent changes. |
| September 05 , 2018 | $9528 | Dividend hikes and recent purchases. |
| August 03 , 2018 | $9410 | Dividend hikes and recent purchases. |
| July 04 , 2018 | $9358 | Dividend hikes and recent purchases. |
| June 05 , 2018 | $9320 | Dividend hikes and recent purchases. |
| May 07 , 2018 | $9251 | Dividend hikes and recent purchases. |
| April 08 , 2018 | $9163 | Dividend hikes and recent purchases. |
| March 09, 2018 | $8993 | Dividend hikes from major holdings and recent purchases. |
| February 05, 2018 | $8634 | Dividend hikes, recent purchases. |
| January 04, 2018 | $8414 | Dividend hikes, recent purchases. |
| December 06, 2017 | $8388 | BEI.UN distribution cut.. |
| November 07, 2017 | $8420 | New purchases and dividend hikes |
| October 06, 2017 | $8330 | Dropped due to the changes in my portfolios |
| September 07, 2017 | $8400 | New purchases and dividend hikes |
| August 04, 2017 | $8224 | New purchases and dividend hikes |
| July 05, 2017 | $7981 | New purchases and dividend hikes |
| June 03, 2017 | $7818 | New purchases and dividend hikes |
| May 09, 2017 | $7616 | No new purchases, just dividend hikes |
| April 02, 2017 | $7610 | Recent purchases and dividend hikes |
| March 01, 2017 | $7416 | Recent purchases and dividend hikes |
| February 01, 2017 | $7147 | Recent purchases and dividend hikes |
| January 01, 2017 | $7063 | No big purchases made.. |
| December 01, 2016 | $7060 | Decreased due to the recent changes in my portfolio |
| November 01, 2016 | $7430 | Recent purchases |
| October 01, 2016 | $7370 | Recent purchases, reinvestment and dividend hikes (FTS.TO) |
| September 06, 2016 | $7355 | Recent purchases, reinvestment and dividend hikes |
| August 01, 2016 | $7235 | Recent purchases, reinvestment and dividend hikes |
| June 30, 2016 | $7154 | Down by $50 due to the sale of 25 units of ENB |
| June 01, 2016 | $7194 | Recent purchases, reinvestment and dividend hikes |
| April 30, 2016 | $7182 | Recent purchases, reinvestment and dividend hikes |
| March 31, 2016 | $7080 | SOLD CNQ. And, some Canadian stocks pay dividend in U.S dollar, thus estimated dividend decreased slightly when CAD got improved. |
| March 12, 2016 | $7100 | Recent purchases, reinvestment and dividend hikes |
| February 01, 2016 | $6305 | Recent purchases, reinvestment and dividend hikes |
| January 02, 2016 | $6065 | Recent purchases, reinvestment and dividend hikes |
| December 01, 2015 | $5975 | Recent purchases, reinvestment and dividend hikes |
| November 01, 2015 | $5908 | Recent purchases, reinvestment and dividend hikes |
| October 01, 2015 | $5839 | Recent purchases, reinvestment and dividend hikes |
| September 01, 2015 | $5754 | Recent purchases, reinvestment and dividend hikes |
| August 09, 2015 | $5560 | Recent purchases, reinvestment and dividend hikes |
| July 01, 2015 | $5515 | Recent purchases, reinvestment and dividend hikes |
| June 02, 2015 | $5360 | Recent purchases, reinvestment and dividend hikes |
| May 09, 2015 | $5112 | Reinvested dividend |
| April 26, 2015 | $5034 | Reinvested dividend |
| April 14, 2015 | $5004 | Purchased more dividend stocks |
| March 19, 2015 | $4876 | Purchased more dividend stocks |
| February 12, 2015 | $4543 | Purchased some dividend stocks. |
| January 07, 2015 | $4173 | Purchased some dividend stocks. |
| December 10, 2014 | $3864 | Re-invested some dividends and bought 50 shares of Altagas Ltd (TSE:ALA). |
| November 03, 2014 | $3764 | Re-invested some dividends |
| October 10, 2014 | $3754 | 5 dividend growth Canadian stocks I bought for long term |
| September 10, 2014 | $3504 | Reinvested some dividends, few stocks increased dividends |
| August 05, 2014 | $3493 | Reinvested some dividends, SAP & CPX increased dividends |
| July 01, 2014 | $3464 | Reinvested some dividends |
| June 01, 2014 | $3457 | Reinvested some dividends and some stocks increased dividend |
| May 01, 2014 | $3447 | Reinvested some dividends and some stocks increased dividend |
| April 01, 2014 | $3428 | Reinvested some dividends. |
| March 01, 2014 | $3418 | I sold some utilities stock to re-balance my dividend stock portfolio. |
| February 14, 2014 | $3432 | All from dividend and interest income, I have no other passive income at this time. |
Looks like your going to hit 25K in passive income a lot sooner than you expected ! With some companies starting to increase dividends, you may already be there !!
Hello MaxB,
Thank you for stopping by,
I haven’t yet hit the magic number, but I am very close. I believe I can get there in few months.
Cheers,
This is great.
Question: Do you or did you put monthly installments to your portfolio from personal income? For example: automatically putting $500 a month in your portfolio to be invested?
Thanks!
Hello Deez,
Thank you for stopping by,
I don’t use automatic monthly installments. I have the reasonable control of my spending habits; thus, it is not necessary for me. But it is a very effective strategy.
Best Regards,
I would like to know what company your using for your credit card at 0.99% for your leverage. Thank you
Hello Eric,
Thank you for stopping by, I use RBC visa, MBNA mastercard, Scotia Visa for balance transfer.
Here is the more details:
https://www.financejourney.com/how-i-receive-low-interest-loans/
Please understand leverage investing is very risky. You may end up losing more money than you have (if you don’t use it correctly). Please discuss with a qualified financial adviser before make any financial decisions.
Best Regards
Hello,
What are the tools that you use to keep track of your net worth and dividend income?
Your site is amazing!
Thanks
Hello Vini,
Thank you for stopping by,
I keep things simple. I use simple MS Excel sheet to track my net-worth. You could use Google spreadsheet (very similar to Excel, but free) as well.
Hope this helps,
Cheers,
Great site and really good to show to young investors. I have used many of your principles for years and now retired…and my stock portfolio reflects the value of investing in long term high yield, dividend growing Canadian stocks. Ironically in my accounts I own 13 of the same stocks you do and have sold 4 others in the last year as I thought they had peaked (or in the case of Altagas was going to dive…..missed most of the carnage and may buy in after a few positive quarters). Most of my investing now comes from dividends…that continue to grow each year. I have had some duds but learned that sticking with this approach in the long run is the best…I still have some growth stocks but not many….and I have a few US dividend payers and the odd International but the Canadian market has served me well…..my father in law has only 4 stocks….his capital gain the last 21 years has been 300% plus dividends… just added Chorus Aviation…if you are looking for a bit of diversity…signed a long term deal with Air Canada and is expanding business…. bought alot of stock during December dip so riding high lately; buy when others are selling. Will follow you now. Been sticking with CVS…..patience i guess.
Hello Kevin,
Thank you very much for stopping by, and sharing your knowledge and experience with us. I so glad that we have a few similar holding.
For me, dividend growth strategy works well and I was able to build a decent net-worth in a short period of time using this strategy.
Chorus Aviation is an interesting one, I will take a deeper look before jump in.
I love your idea of ‘buy when others are selling’. I did the same in last December and early 2016. Now I’m in pause mode and sharping up my buying power 🙂
Best Regards,
Other than your reinvested dividends, how much do you invest into your account each year
Hey Alex,
Actually, I don’t have a fixed amount for each year. I try to reinvest all the dividends I receive in my brokerage accounts. And, whenever markets take hit (similar situation like in late 2018) I deploy more money from my saving (and some cases borrow money) to buy more shares, and start to focusing to improve my buying power when market start to improve (similar market like now – Feb 2019).
Please understand that leverage investing is very risky. Please do your own research or discuss with a qualified financial adviser before make any investment decisions.
Cheers,
Hey FJ,
What platform do you use to purchase your stocks? Personally I use CIBC investors edge for my TFSA, but looking to expand into a new platforms. Do you have any thoughts on the new Wealthsimple trading app?
Hello Alex,
Thank you for stopping by,
I use Questrade, TD direct investing and Interactive Brokers for my investment. I did not have a chance to use the Wealth-Simple platform.
Best Regards,
Your progress is quite remarkable!
I am in my fourth year of dividend investing but had a very slow start. It took me three years to attain similar dividend yields as your first year. Now i am similar to where you were in 2013 and i can feel my progress speeding up. I use your blog as motivation for where i could be in 3 to 4 years. Please keep it, your blog helps me out alot.
Cheers,
Andrew
Hello Andrew,
Thank you for your kind comments and your support 🙂
Dividend growth investing takes time to compound, so once you reach a certain point, then it will grow itself without new contributions. Keep reinvest your dividend and let it grow.
Best Wishes 🙂
2 questions.
How much $ do you have on the market to generate that passive income?
How much cash flow would be needed to make $100 monthly?
I would like to invest $5000 to start.
Hello Chris,
Thank you for stopping by,
Currently, I have around $225 000 in the market to generate the current passive income of $9320 per year, with an average yield of 4.2%.
Let’s say you invest in stocks that pay 5% dividend. So, if you invest $5000, then your yearly dividend income would be $250 (5/100 * $5000 = $250).
So, if you need to generate $100 per month ($1200 per year), then you will need around $24000 to invest (assumed invest with the average of 5% yield) (5/100 * $24000 = $1200).
$24000 may look like lots of money, but once you start to contribute a small amount of money every month, then you will get the target sooner than you think. A few years ago, I started with less than $2000 and I came to this level. If you check my dividend income reports, you could see that I generate less than $100 per month in 2012, then less than $200 month in 2013 and so on. Now it is growing faster than I imagined.
If you have the right mindset and start to invest in high-quality stocks, then you will get the point earlier than you think. In few years, $100 per month dividend income will be piece of cake for you 🙂
If you are new to investing, and if you don’t know which investment approach is suitable for your financial situations, then I would strongly recommend you discuss with a qualified financial advisor before making any decisions. Also, read good investment-related books and keep learning & reading as much as you can. Knowledge is money.
If you need any more detail, please feel free to leave comments here. I will try my best to answer them)
Hope this helps and wish you all the best in your success 🙂
Hi FJ,
I really like your blog. Sorry for being repetitive.This is regarding the asset allocation for the tax purpose. Do you think all the dividend paying stocks should go into the Non registered account and ETF’s and Growth stocks should be allocated to the – TFSA account ( I have enough room) ? Thank you very much. Keep up the good work 🙂
Hi Vini,
First, you could ask help as many as you want. I love to share what I know and help people as much as I can 🙂
Second, I am not tax or financial expert, and everyone financial situation is unique. So you do not blindly follow my advices without doing your own research.
Regarding asset allocation
Majority of the dividends pay by Canadian companies are eligible for lower rate than your income from day-job or interest payment from loan, etc. Therefore, I keep most of my Canadian dividend stocks in my non-registered accounts.
I keep all my ETFs, REITs, Limited partnership (LP) units, ets in my TFSA accounts because their taxation is little complicated and I can avoid doing taxes for those investments completely.
And, I keep all my U.S dividend stocks in my RRSP accounts. If you keep your U.S dividend stocks in your non-registered accounts or TFSA, then you need to pay 15% of U.S withholding tax for their dividend and pay higher tax for those in you non-registered accounts. In non-registered accounts, you can get credits for the U.S withholding tax, but I just wanted to avoid all those hassle.
But, if you have enough rooms in your TFSA, then you could consider maximize your TFSA first with Canadian stocks, REITs, ETFs, LP, etc and then consider loading your non-registered accounts. In this way, you could minimize your taxes.
I hope this helps!
As I always say, I am not a financial expert. Please do your own research or discuss with a qualified financial adviser before make any financial decisions.
Best Regards,
You got big stake in that dog of a company Enbridge and Cineplex ouch. Why not FANG or some Msft or Visa stocks for growth?
Hello Jay,
I have big stake in Enbridge, but not Cineplex. I already made lots of money from both companies. I purchased them a while ago for much less than the current price and received lots of dividend payments during the period.
I still believe they will do well over the long-term.
Why not FANG stocks? I am not against growth or technology stocks, but I like the companies they share their profit with their true owner, aka shareholders. Therefore, I like stocks they pay dividend every months/quarters. Even in an unfavorable situations, we can wait them to recover and collect dividend checks.
I like MSFT and Visa, both are dividend payers and in my watch-list. Due to the unfavorable currency exchange, I didn’t have a chance to buy them.
Best Regards,
Hey,
Great to see how your portfolio has built some amazing numbers for passive income over the years. I am currently on my own journey with only about $9000 invested in a TFSA trading account. I know it’s not much, but we all need to start somewhere right? I was just curious as to what was your initial investment when you started your journey in your first year of dividend investing. We’re in the same boat by the way. On my 7th year of schooling with 3 diplomas, just bought a house, and looking to sell my car as it has value. Perhaps buy one with a tiny bit more mileage, but still roars 😛 Sports car lover here.
Off topic a bit, but back on track. I would also like to know if you had any suggestions for some great ETFs exposed to the international markets. U.S would be ideal.
Thanks
Hello Eric,
Thank you for stopping by,
Glad to see that you did start building your own financial freedom journey. Everyone one has to start somewhere. I was in same boat a couple of years ago. I started with very little money, roughly around $2000, have been slowly building my positions for last 4-5 years. Small contribution from your saving plus dividend reinvestment will make a significant changes over long period of time. Wish you all the best in your success 🙂
I am not a car lover. I use a 16 years old car for all my needs. It is doing pretty much what I wanted, so no plan to change anytime soon.
Regarding, ETFs: To be honest, I don’t recommend any investments. I am not a professional financial advisory, and still in a learning stage in investing. Here are some ETFs in my watch list to have exposure in international market, so you could take this as a starting point to do further research:
Again, this is not a recommendation list. The list only for your further research and you could make your own decision 🙂
Currently (July 31, 2017), I don’t have any positions in the above ETFs, but I may consider adding them in the future if they meet my investment criteria.
Cheers,
Hello,
Great blog – just wondering if you can share what age you were at when you first started this journey?
Hello Tedd,
I was about 23-24 when I first thinking about financial freedom. It starts with reading a book while I was looking to find a decent job after graduation.
Please understand that age is just a number and it not an important fact. The best time to think about financial free is now (regardless of your age).
Best Regards,
Do you reinvest all your dividends for each stock? Or do you wait until you have enough cash saved up from dividends to purchase more stocks?
Thanks
Hello Phil,
Actually, I let the dividend cash build up in my accounts and purchase stocks that are good value at the time.
Dividend reinvestment also a great way to build wealth, but prefer other one.
Best Regards,
Hi,
I highly appreciate your efforts to put up this site – its very good.
Question: How often do you change your portfolio? My question relates to the cost of change: i.e. whenever I buy or sell there is a fee associated to my transaction. So, if i was to buy or sell shares entirely for one ticker ex: BPY.UN, based on your portfolio (you have 11 shares), I’ll spend almost 1% (assuming the transaction fees is $4.95) of the total value of the stock. How do you manage this?
Appreciate your response and please share your ideas re savings on the transaction fees 🙂 (sorry if someones asked this already & you are repeating it)
Thanks & Regards
Maz
Hello Maz,
Thank you for stopping by,
I spend maximum 1% for trading commission, which means if I am going to buy shares for $500, then I spend less than $5 for transaction fees. But, in some situations, I skip this rule :). BPY.UN is a good example.
I had around $350 in my TFSA (dividend income). BPY.UN reported very strong results and hiked its payout by around 5% in February. So, I was planning to initiate some positions in my TFSA (for tax purpose). I know BPY.UN will pay dividend around $4.30 by end of February if I invest my $350 sitting in my TFSA. So, I decided to buy some units with 1.5% trading commission.
Trading commission is just a one-time fee. It is much better than some people paying over 2% yearly fees for some poorly performing mutual funds. After I purchase a high quality stock, it will keep sending me cash every 3 months and some companies pays monthly.
Best Regards,
How did you learn about dividend stocks? I am clueless as I am new to this. Are there some books or websites you can recommend to me as a beginner? Thank you in advance!
Hello Kay,
Thank you for stopping by,
The first book I read about dividend investing is ‘Stop Working‘ by Derek Foster. Please note some of the stocks author mentioned in the book is no longer available, but it is really good book to get some ideas about dividend investing and how you could retire with dividend income alone.
Then I read about ‘The Intelligent Investor’ by Benjamin Graham. I really learn a lot about how to value a stock and right time to buy and sell a stock (more value based approach than dividend investing, still you could apply the concepts into dividend stocks as well). It is pretty big book, but worth to read.
Also, I read few other books. I am still learning stage. I think I won’t stop learning until I die. I love to read investment related books and articles. I would strongly recommend you to educate yourself by reading good books and also from own experience by start doing something first with very little money. Then you could expand investments using your knowledge and experience.
Best Regards,
Disclosure: comments contain affiliate link.
Great insight. Thanks for sharing your journey.
Hello Tyler,
Thank you for stopping by and your kind comments,
I love to inspire like-minded people like you 🙂 .
Cheers,
Thank you for the info, really good, just wondering when I see your dividend stock, and # holding, is the number means how many shares you hold from that stock?
Hello Sammy,
Thank you for your comments,
Yes, number of shares I hold for that stock.
Cheers,
Good day
what online broker do you use?
Hello Row,
Thank you for stopping by,
I use Questrade for small purchases and ETFs (you could buy ETFs for free of commission) and TD direct investing.
I hope this helps you,
Best Regards,
Great work. Keep plugging. I always had a large dividend income stream goal and was planning it for the time I started a family. It’s been a huge help and has been a benefit in so many ways. All the best on your continued drive.
My new goal is 70,000 of passive income by the time I retire. It’s going to take a long time….
My 2 cents, but I would have kept CNQ over Cenovus regardless of Dividend
Hello Blake,
Thank you for stopping by and your well wishes,
You have so big goal, hopefully you get there sooner.. You are correct, CNQ is higher quality than Cenovus, but I would like to eliminate some high volatility stocks from my portfolio. I will sell CVE also when its price get recovered.
Cheers,
Hi FJ
I liked your choice of MTY, as a hospitality and food professional I think their numbers are looking good especially controlling their costs. I will consider adding it to my Portfolio.
Thanks
Azriel
Hi Azriel,
I think I made a good decision in buy MTY at high 20s. It made capital gain of more than 45% in few months. I like their brands and we regularly visit few of their fast food restaurants in Malls.
Best Regards,
I have been following the education crises in the US. For profit colleges. What’s your thoughts about it?
Hello Azriel,
Honestly I am not following about the U.S education crises.
Regards
Have you looked into D-UN.TO as one of your dividend stocks they pay monthly and what is your thoughts on them
Hi Harvest,
Thank you for stopping by, D-UN.TO is not in my watch list so I don’t follow this stock. I indirectly own this stock through XRE.TO ETF. Also, I own DRG.U (its sister company).
Cheers,
Hi FJ,
It is nice to see that your passive income is growing with each month.
I would like to share some of my strategy and any comments will be appreciated.
On one of my previous comments, I mentioned about the Potash and Bombardier. I was lucky to buy Bombardier at $0.9 and recently sold for $1.89. I cashed almost $1500… I was afraid to put more money into it.
Anyway, here are a few shares which I am looking to buy and another opinion will be appreciated: Potash (it is so cheap), Corus (good dividend), Bird Construction (good dividend and with the liberal plan for investing in infrastructure…), Winpack (packaging… no matter what they have demand) and ZCL Composites. Also ETFs: XEI, XIU, XIC…low fees and good dividend… special XEI.
Regarding the investments account I am following this strategy: First I invest the entire amount allowed in the TSFA account. Close to the end of the year and during January and February I transfer my best blue-chip performers in RRSP using the in kind transfer (no fees, no liquidation of the stock…). All the amount transferred from TSFA will be available for contribution in the following year of transfer. All the return from RRSP I contribute back into TSFA account. I contribute for my wife as well.
EX: In January I transferred 20000 from TSFA to RRSP. The return, 9000 I re-invested in TSFA and little bit in RRSP. Next year my TSFA contribution room will be 25500 (5500 plus 20000).
In the first 2 years of the early retirement I am intending to live on withdrawing money from RRSP and travel. Only after that I will apply for the CPP. Hope that my plan will work.
One suggestion to the site if it is allowed…. Can you create a forum tab? Will be more beneficial to have all the comments in one place.
Good luck!
Cris
Hello Cris,
Thank you for your feedback and sharing your strategies with us.
First, I would like to congrats your success in Bombardier trading. You made a good chunk of money from it.
To be honest, the shares and ETFs you mentioned above (POT, Corus, Bird Cons,etc) are not in my watch list. There are so many great stocks, but I limit my list with certain stocks. I will add them in my watch list and do more research about them. Recently, I accidentally found an interesting stock called MTY Food Ltd (TSE: MTY). I did some research and added into my portfolio. It was a good move. The stock gained more than 50% within few months. I’m thinking about what to do after this quick gain.
Also, I used a similar strategy to build my RRSP and TFSA accounts – transfer money from TFSA to RRSP, then put back into TFSA from tax return. But, I don’t transfer money to RRSP because my wife stopped working, so our tax margin is little low.
Thank you once again for your suggestion to add forum in the site. I will consider it, and try to add very simple forum.
Best Regards,
FJ
Hi,
Usually if I invest in a company which is not a blue chip or a leader in the industry then after a big increase in the price I will take some or all of the profit and invest in a different stock.
Here are my reasons… after a big overnight increase the investors will be skeptical in believing that the stock will continue increasing. Also, the dividend yield will be smaller so less tempting.
I noticed that in situations like this, after the increase the stock will stay flat or will decrease between 10% – 30% from the increase.
This is not a rule but this is what I saw in the past.
Unless there was a new acquisition or a change in capital, as I said, I will take my profit and invest in something else. For longer term, I prefer companies with continuous growth and bigger market capitalization.
These days the market is really volatile and I really don’t know what to buy next. I have around $5000 in cash and don’t know what to do.
Most probably I will wait or eventually, invest in some utilities which I don’t have in my portfolio.
What are your thoughts?
Take care!
Cris
HI Cris,
You made a good point about non blue-chip stocks. I noticed the same stock price movement after a big increase, in those situation taking profit is good approach (after enough research).
Actually I like market volatile, it creates buying opportunity for those who are in accumulation stage. I guess I have enough Canadian holding and am looking to buy some US stocks to diversify my portfolio.
I like utilities stocks and my portfolio has more than 12% of them. You may do further research on utilities.
Best Regards,
Great to see your passive income increasing,i think quality stocks paying dividend year after year and increasing it is the key to quality passive income,however we should not fall in love with a stock or a company ,we should reevaluate the company performance ,the dividend can be cut at anytime if the company’s performance is bad! My 2 cents!
Hello Mourad,
Thank you for stopping by,
I try to add high quality stocks in my portfolio; however there are few bad picks. Recently, I experienced a 75% dividend cut from KMI. But, dividend hikes from other companies helped me to balance out the dividend cut from KMI.
Cheers,
Hi Finance Journey,
I have been following your blog for awhile now. I was wondering how you choose your stocks. Do you do your own research, use a tool like a stock screener, have an advisor, or do you use any other information sources?
I have started stock position myself but I wanted to wait for the election. Now that the election is behind us I have picked up some shares that you can see here.
https://stockbrain.wordpress.com
I’m looking forward to any comments or advice you may have. My focus is on both dividends and growth.
Regards,
Stockbrain
Hello Stock Brain,
Thank you for stopping by,
I do my own research and choose the stocks that I like. I would call myself as a buy and hold dividend investor and buy stocks.
You have picked up some good names in your portfolio. Actually, I don’t advise people regarding their finance. I just share my own experience and my own journey. However, I could give you a general advise which you could find everywhere: Learn as much as you can everyday from your own experience and reading, understand the risks and rewards in investing and focus for long-term.
Best of luck,
Hi there – I am a frequent visitor to your website. You’ve inspired me to start dividend investing!
Could you speak a little about asset allocation for tax purposes? Specifically, which kinds of stocks or etfs are best put in a TFSA as opposed to a non-registered?
All the best
M
Hi Mike,
I usually hold REITs, bond ETFs and U.K stocks in my TFSA, and U.S stocks in my RRSP accounts. Also, I have some limited partnership stocks such as BEP.UN and BIP.UN, I hold them in my TFSA accounts to avoid tax burdens.
Hope this helps.
Best Regards,
Nice bump month over month. Great motivation for new investors.
If you don’t mind, would you tell me what Brokerage bank are you using? How do you buy US stocks?
Thanks
Hi Jude P,
Thank you for your positive feedback.
I am using both Questrade and TD direct investing. Majority of my holdings are in Questrade.
Cheers,
Hi,
I am a student of University of Informatics in Czech republic. I have chosen to build a portfolio manager for dividend growth investors as my diploma thesis. Do you use any portfolio manager that I could check out? (like sigfig.com, may be more focused on DGI?) I know there is a lot of them, so I would like to know which ones do dividend growth investors actually use, so I can compare and probably get ideas for some “must have” features. Thanks in advance for a reply!
Hi Lucas,
I use TD direct investing (online brokerage) portfolio manager and MS Excel sheet to track my stock portfolio. I know some DGIs use google spreadsheet, but it doesn’t track dividends. If you could build an online portfolio that track dividends and dividend growth, please let us know. We could use it.
Good luck with your thesis…
Thank you,
FJ
Nice Blog. One day i would also like to live off the income from dividends. I just need to start 🙂
Thank you Justin,
We all have the goal live off with dividend income, so the time will be ours and we can do whatever we like to do rather than working for money.
Good luck with your journey
Best Regards,
Over $3000 a year in dividend is awesome. Great progress!
Hi Tawcan,
I am progress to live with the income from dividends. I almost reached 14% of my goal.
Thank you for stopping by,
Best Regards,
It’s always great to visualize dividend income progress. I like your USA portfolio. Seems to have a good balance of dividend growth stocks without too much emphasis on current high yield as many other bloggers seem to have.
Just came across your blog…nice work! I especially like your personal progress meter that you have on this page. Keep it up, $3,447/yr is a nice start!
Thank you Frugal Family,
The progress meter gives a good inspiration and motivation to stay in this financial game. $3447 passive income is good for now, but I will need to have a long finance journey to hit my million dollar net worth goal.
Cheers,
You are well on your way. Brick by brick is how you build a fortress.
Keep cranking,
Robert the DividendDreamer
Thank you Dividend Dreamer,
I hope I will reach my $25000 dividend income goal in 10 years.
Best Regards,