So, here we go; the first ever passive income report of FindependenceCanada!
Throughout these updates we will go over the previous month’s dividend income, as well as our rolling 12 month projected dividend income and our progress towards our goal of having $50,000 in annual passive income. (More on our goals and the tax advantages of Canadian dividends in future posts). For reference, I received my first ever dividend payment in December 2017, and I immediately realized that they needed to be a prominent part of my any investment strategy.
March was a particularly good month for our dividend income, the main reason for this is that several of our largest holdings all pay out March, June, September, December.
So let’s get this thing started:
As you can see, our portfolio is still in its infancy and we are just scraping the surface of what we hope to be an amazing journey to financial independence.
To give you a brief breakdown of the investment strategy we employ in the above accounts, it breaks down a little something like this:
Our TFSA accounts are invested in solid blue chip Canadian dividend payers, while our RRSP accounts are spread across cheap international index funds covering the USA, Europe, Emerging Markets and Bonds. We will be doing a full breakdown of our portfolios in another post but I thought I would mention this here to give readers some perspective.
Comment below if you’re interested to know exactly what we’re investing in and stay tuned to see upcoming posts and updates on our portfolio and moving towards an early retirement from totally passive income.