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In this video, I will unveil my ENTIRE updated Dividend portfolio, which many of you have been asking for. So, about 5 months ago, in early April I released a video which went over my portfolio. I actually went through all the stocks in detail, about 120 of them.
Let me tell you that a lot has happened since then. I learned a lot in these last few months thanks to the COVID-19 stock market crash and although my portfolio took some damage I am very grateful it happened this early in my investing journey. Keep in mind that although my wife and I are already Financially independent in our mid-30’s , we are nowhere near done investing, so these lessons will serve us well in the future and I’m happy that we can share them with you…our growing audience and followers.
All the positive comments, thank you’s and suggestions we received give us the motivation to continue sharing our knowledge and progress.
So just a few points i want to cover before i unveil my portfolio which will be available for download for free, as usual. I will basically try to anticipate some of the questions you will have regarding my portfolio, so I’ll get those out of the way. If you don;t care about hearing these points, that’s fine also, you can just skip to the Portfolio unveiling but i’ll try to keep it brief.
This is our main portfolio and main source of income to pay all our living expenses, so the portfolio is definitely Income focused, not Growth focused. Like the name of our Youtube channel , we are definitely Income investors.
This simply means that the goal of the fund is to generate consistent and relatively high income via dividends. This portfolio does not include our retirement accounts which are completely separate. I did make a separate video on my RRSP account BTW if ever you want to check it out. Our Retirement accounts have the DRIP turned on, which means the dividends are automatically reinvested in buying more shares. So that is where our “growth” if you will is being taken care of. By the time we’re in our mid -60’s those 2 accounts combined are projected to be worth between 1.5 – 2 million dollars. So that’s definitely enough growth for us thanks to a magical thing called Compounding interest, which Albert Einstein was a huge admirer of.
I will be showing you the portfolio from a spreadsheet and not our online broker accounts. The reason is pretty simple. Our portfolio is spread out between 4 accounts. Erica’s TFSA and Cash accounts and my TFSA and Cash accounts. When I say CASH account BTW , I simply mean a regular, non-registered account. So showing you in a spreadsheet is the only way for you to see the full picture
Investment Philosophy. My investing strategy and portfolio has changed quite a bit in the last few months. Like i mentioned earlier, when i first released my portfolio i had about 120 stocks, many of which were individual businesses. However, as of now, I currently own about 70 stocks. I would definitely say I cleaned house and sold off a lot of individual companies. The COVID crash made me realize how risky owning individual businesses can be, even if they have a dividend. Almost all of the dividend cuts or full on dividend suspensions came from these individual stocks, so I went on a selling spree, unfortunately taking capital losses along the way but well worth it in my opinion. Since I’m an Income investor, dividend suspensions are the worst thing to happen for me since the stock no longer provides a source of income.
I did reallocate all the proceeds to other stocks, mostly ETFs or other Funds and since they were cheap, I made up a lot of the lost monthly income. Needless to say, going forward, I will be primarily investing in ETFs and Funds because they are simply safer and more consistent than individual companies. Also, due to their rising popularity, there’s no shortage of great choices out there, especially ETFs.
Stock Investment Passive Income, MY $630,000 DIVIDEND STOCK PORTFOLIO REVEALED 1000$+/WEEK OF PASSIVE INCOME! UPDATED SEPTEMBER 2020.
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