I believe dividend investing is one of the best ways to achieve a great passive income. The growth of the companies and the reinvestment of dividend’s will snowball into a nice chuck of change. Compound interest is a great thing when its on your side, working for you.
My portfolio is strictly for entertainment. While I hold these stocks , they may not be a good buy at the moment. Things change and prices are always fluctuating. Do your own research before you make any purchases.
Here’s a list of the current Dividend Companies we own in our Registered savings account.
- M = Monthly Dividend
- JAJO = January, April, July, October Dividend
- FMAN = February, May, August, November Dividend
- MJSD = March, June, September, December Dividend
I try my best to update this monthly but may not be exact with current yields. Feel free to check out our past dividend incomes.
I try to diversify our Portfolio by sectors, since we aren’t to diversified geographically.
I also have a bunch of precious metals. Keep in mind I used to be a metal “stacker” before learning about dividends. It’s return on investment isn’t good but we keep our physical position as a insurance on the markets and further diversification.
Global Diversification Currently
- 75.1% – Canadian Equities
- 22.9% – US Equities
- 0.01% – International Market
- 2% – Cash
This is horrible and needs some work. I Would eventually like 40% Canadian, 40% US, 20% International. The Tfsa is a fantastic account for Canadian’s which I want to max out first. That’s a big reason why we are so heavy Canadian Stocks.
What do you think of our current portfolio? Would you sell any of these positions and why? The longer I invest, the more I realize not to chase high yields. Buying dividend Aristocrats and Kings, seems like a solid way to go!