10-16-2019, 08:58 PM
There is nothing wrong with high yielding stocks as long as they are picked correctly. The problem is, in my opinion, that it might be very difficult to find 30-40 high quality companies with 6%+ div yield. They do exist but they are not common. It'll be even harder if you are only buying from the Canadian market. And you will most likely going to be focusing heavily on a couple of selected sectors, such as REIT, financial and energy.
Regarding the individual stocks, I also own both BIP and NVU. Both of them have served me really well and I'm probably happy to hold both for decades to come. I could recommend that you take a look at CM and BCE, both are yielding around 5% so a little under your goal but they are pretty solid companies and have the tendency to increase their dividend regularly.
Regarding the individual stocks, I also own both BIP and NVU. Both of them have served me really well and I'm probably happy to hold both for decades to come. I could recommend that you take a look at CM and BCE, both are yielding around 5% so a little under your goal but they are pretty solid companies and have the tendency to increase their dividend regularly.