Good day everyone,
Was learning about DGI when I stumbled upon this forum that seems to be good people, so here I am. I was mostly lost on what sort of investment strategy I should pursue until I learned of DGI, which seems most appealing to me by far. Up til recently I held some index funds with Tangerine which did just fine, but after reaching enough to waive TD's Direct Investing quarterly maintenance fees, I decided it's time to transfer my holdings over there and...stop being lazy. After all, even a modest 1% MER is $250 on a $25k investment. So well worth my time to learn, I figured.
I'm starting with ~$28k (all within RRSP space), and plan to add at least another $10k this year. As I hear it told, it's more tax efficient to hold US dividend stocks under RRSP for the withholding tax or some such. For right now, I decided to split the ~$28k among 14 securities, so ~$2k to each.
I'm turning 34 now, so let's just say I hope to avoid disaster and make good progress over the next 2-3 decades. Here are the picks so far:
Abbott Laboratories (ABT)
Amazon (AMZN)
Boardwalk (BEI.UN)
Canopy Growth (WEED)
Canadian Western Bank (CWB)
Cineplex (CGX)
Coca Cola (KO)
Enbridge (ENB)
Fortis (FTS)
Johnson & Johnson (JNJ)
Qualcomm (QCOM)
Royal Bank (RY)
Verizon (VZ)
Walmart (WMT)
I realize not all of them are dividend stocks. I want to have DGI strategy account for a majority of my overall portfolio, but leave some room for other stuff. I already hold some TELUS shares too since I work there, which is partly why I opted for a US telco in this portfolio.
I have a bunch of others on my watch list such as GIS, PM, CP, SAP, ENF, PG, WJA, AMGN, REF.UN, LB, ABBV, and on and on and on.
If my quick and dirty spreadsheet is accurate, I'm looking at an approximate average 3.97% yield which for now, translating to ~$1,333/year of dividend income. I'm really excited about this and can't wait to further develop the port! I'm probably feeling beginner's confidence right now, so time will tell if I can deliver on the psychological / temperament / emotional intelligence requirements.
I welcome all feedback good and bad, or feel free to just share your own experiences!
Was learning about DGI when I stumbled upon this forum that seems to be good people, so here I am. I was mostly lost on what sort of investment strategy I should pursue until I learned of DGI, which seems most appealing to me by far. Up til recently I held some index funds with Tangerine which did just fine, but after reaching enough to waive TD's Direct Investing quarterly maintenance fees, I decided it's time to transfer my holdings over there and...stop being lazy. After all, even a modest 1% MER is $250 on a $25k investment. So well worth my time to learn, I figured.
I'm starting with ~$28k (all within RRSP space), and plan to add at least another $10k this year. As I hear it told, it's more tax efficient to hold US dividend stocks under RRSP for the withholding tax or some such. For right now, I decided to split the ~$28k among 14 securities, so ~$2k to each.
I'm turning 34 now, so let's just say I hope to avoid disaster and make good progress over the next 2-3 decades. Here are the picks so far:
Abbott Laboratories (ABT)
Amazon (AMZN)
Boardwalk (BEI.UN)
Canopy Growth (WEED)
Canadian Western Bank (CWB)
Cineplex (CGX)
Coca Cola (KO)
Enbridge (ENB)
Fortis (FTS)
Johnson & Johnson (JNJ)
Qualcomm (QCOM)
Royal Bank (RY)
Verizon (VZ)
Walmart (WMT)
I realize not all of them are dividend stocks. I want to have DGI strategy account for a majority of my overall portfolio, but leave some room for other stuff. I already hold some TELUS shares too since I work there, which is partly why I opted for a US telco in this portfolio.
I have a bunch of others on my watch list such as GIS, PM, CP, SAP, ENF, PG, WJA, AMGN, REF.UN, LB, ABBV, and on and on and on.
If my quick and dirty spreadsheet is accurate, I'm looking at an approximate average 3.97% yield which for now, translating to ~$1,333/year of dividend income. I'm really excited about this and can't wait to further develop the port! I'm probably feeling beginner's confidence right now, so time will tell if I can deliver on the psychological / temperament / emotional intelligence requirements.
I welcome all feedback good and bad, or feel free to just share your own experiences!