It sounds like you’re making great progress towards your retirement goals, and it’s inspiring to see how you’ve adapted your strategy over time. Your focus on hybrid investing—combining dividend-paying stocks with low-cost ETFs—seems to be paying off well, especially as you project an annual dividend income of around $46,000.
Your recent updates about receiving dividends from key companies like Brookfield, BlackRock, and Enbridge highlight the strength of your portfolio. It’s also impressive that you’re averaging about $3,843 per month in dividend income. This consistent cash flow can provide a solid foundation for financial independence.
The insights you shared about successful DIY investors are valuable too. It’s clear that having a personalized plan and sticking to it is crucial for long-term success in investing. The examples you provided from other readers illustrate the diverse strategies people use to achieve their financial goals.
As you continue on this journey toward semi-retirement by December 2027 with a goal of $84k, it will be interesting to see how your investments evolve and what new milestones you’ll reach along the way. Keep sharing these updates; they not only motivate others but also create a sense of community among those pursuing similar financial paths!It sounds like you’re making impressive progress toward your early retirement goal! Hitting $59,682 in forward dividend income is a significant milestone, especially considering your original target of $60k and the updated goal of $84k by December 2027. Your strategy of hybrid investing—combining stocks and ETFs—seems to be paying off well.
The June 2024 Dividend Income Update highlights some key companies contributing to your dividends, including Brookfield, BlackRock, Canadian National Railway, Enbridge, Waste Management, and iShares ex-Canada ETF. It’s great to see that you’ve also made additional investments recently to boost your income further.
Your projected annual dividend income averaging about $3,843 per month translates into an impressive daily earning rate as well. The way you frame this portfolio as a job that works for you is an interesting perspective that many investors can appreciate.
It’s inspiring to see how far you’ve come since aiming for just $6,000 in dividend income back in 2012. Your journey emphasizes the importance of sticking with a plan and adapting goals as circumstances change.
If you continue on this path with discipline and strategic investments while sharing insights along the way—as you’ve done here—you’ll likely achieve even greater financial independence sooner than expected. Best wishes on your ongoing financial journey!
June 2024 Dividend Income Update
As a follow-up to last month’s update, I wanted to address a reader question and share some insights from fellow DIY investors. It’s truly inspiring to see how well some individuals are doing in their wealth-building journeys. These successful investors often don’t have blogs or podcasts; they simply create personalized plans and stick with them over the years.
Reader Question
Mark, last month you shared that XAW continues to be your largest holding, approaching 10% of your portfolio. What other top-holdings do you have? Thanks for more insights.
While I can’t disclose everything for privacy reasons, I can confirm that XAW remains my top holding since about 2021. Other significant holdings include RY (Royal Bank of Canada), TD (Toronto-Dominion Bank), FTS (Fortis Inc.), T (Telus Corporation), and more recently CNQ (Canadian Natural Resources) after its stock split earlier this year, which has seen a price appreciation of about 10% YTD.
BCE is no longer in my top five due to a drop in share price over the past year; I’ll update my post on that soon.
Successful DIY Investor Updates
Successful investors develop their strategies and remain committed—whether through stocks like those mentioned above or alternative avenues such as real estate or entrepreneurship. My own investment strategy leans towards Canadian stocks for income and growth while incorporating U.S. stocks and ETFs for diversification.
Many DIY investors I’ve encountered prefer not to engage with market noise or expert opinions; instead, they focus on their processes while tuning out distractions.
I aim for positivity on this site because ultimately, I want you to achieve your investing goals, however you choose to pursue them.
Inspiring Stories from Readers
Here are some highlights from readers’ experiences:
- One reader shared: “We are fully invested in 12 TSX-listed dividend income/growth stocks with an annual dividend income currently at $208,644.”
- Another noted: “On June 1st, I will receive $24,909.88 in dividends.”
- A third investor reported: “As of Friday, we hit $59,682 in forward dividend income.”
These stories exemplify the potential success achievable through disciplined investing!
June 2024 Dividend Income Summary
Last month’s dividends came from key companies including:
- Brookfield (BN)
- BlackRock (BLK)
- Canadian National Railway (CNR)
- Enbridge (ENB)
- Waste Management (WM)
- iShares ex-Canada ETF (XAW)
With recent purchases including TOU and additional cash added into savings accounts, our forward income continues growing.
Projected Annual Dividend Income:
!How We Invest
