Welcome to our Dividend Investing Strategy for Financial Independence. We started the journey to Financial Independence in 2019 and paid off $60,000 in consumer debt.
Since July 2020, we’ve been tracking and sharing our journey to Financial Independence. Let’s take a look and see the results of our dividend investing strategy and the passive income received in August 2022.
Dividend Investing Strategy – Passive Income breakdown
| Ticker | Name | $ |
|---|---|---|
| BMO.TO | Bank of Montreal | 583.80 |
| EMA.TO | Emera Inc | 251.09 |
| RY.TO | Royal Bank of Canada | 410.88 |
| REI-UN.TO | RioCan Real Estate Investment Trust | 29.30 |
| ABBV | AbbVie Inc | 112.66 |
| TD.TO | TD Canada | 712.00 |
| Total | 2,099.73 |
2022 Retire Early Dividend Income Summary
When comparing August 2021 with August 2022, the dividends increased 11%. We keep investing every month. Actually, we recently increased our Smith Manoeuvre position with Royal Bank and bought 110 shares.
Asset Allocation for Financial Independence
Here’s the breakdown for August 2022:
- Canada: 15,504.81 (94%)
- Global: 973.94 (6%)
Recommended links to help your Financial Independence Journey
- Start your Journey to Financial Independence by opening an account with Wealthsimple trade
- Financial Independence Books we’ve read and helped us
When available, we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation.
Thanks for letting us be part of your day and journey. Stay safe!