We want to help others find stocks that pay dividends and find a way to financial independence, hopefully this page will be of some use to you as it details how we’re doing it! Think of us as an investing for dummies (at least one half of us anyway) we ‘re following the guiding principals set out below.
As you look through the holdings you will notice that there are two distinct holding types here:
1) Canadian dividend growth stocks
2) Low cost commission free ETF’s
The goal with these accounts is simple, we want to be able to live our best life using nothing but our investment income. In order to accomplish this there are a couple very simple ideologies we follow:
1) The first is that we believe in order to preserve our nest egg as best we can, we need to take advantage of the Canadian Tax benefits associated with investing in Canadian dividend payers. In case you’re unaware, Canadian dividends in specific are paid out after the company has been taxed on these earnings and, therefore; the end receiver of said dividend will have to pay very little (in a lot of cases 0%) taxes on the dividends received. If you’re like me I had to read, and re-read what I was seeing online before I actually became convinced this was a real thing!
2) The second is that we believe you must be diversified both between sectors in the market but also by country, and we would love to have at least a 10% position in global equities. Now due to the fact that it is hard to remain on top of all markets world wide, we will be casting a wide net and using low cost ETF’s to gain exposure to Europe as well as Emerging Markets.
All numbers in the tables below are accurate as of June 12, 2019
I’ve decided to include one of my spreadsheet creations here as its the way I like to track the “his” portion of the portfolio a little more in depth and have been tracking using this sheet since I first began investing. If you’d like help creating one of these spreadsheets drop a comment below or email us at findependencecanada@gmail.com.
Hopefully that is fairly straight forward to you all, I haven’t specified which account each holding is in but these make up the “TFSA (his)” and “RRSP (his)” components of the overall portfolio.
Currently there is $88,274 invested between the two accounts with a yield of 4.76% and an even better yield on cost of 4.90% at the time of writing.
Now here are the rest of the accounts:
So there is our Findependence Portfolio! Through the above dividend paying stocks and ETF’s we believe that one day we will be able to not only be able to live off these investments but hopefully will never have to sell off any of the actual shares and will have a nice nest egg to pass on to our future children.
If you have any questions about anything in our portfolio or if you want to see how I’ve made the top spreadsheet that auto fills for me then please ask below or contact us on our Instagram page (findependencecanada) and we’ll be sure to get back to you. As always, thanks for the read.