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 February 2022.
Dividend Investing Strategy – Dividends breakdown
| Ticker | Name | $ |
|---|---|---|
| BMO.TO | Bank of Montreal | 558.60 |
| EMA.TO | Emera Inc | 251.09 |
| RY.TO | Royal Bank of Canada | 253.20 |
| REI-UN.TO | RioCan Real Estate Investment Trust | 27.04 |
| ABBV | AbbVie Inc | 112.66 |
| POW.TO | PowerCorp | 353.93 |
| Total | 1,556.52 |
2022 Retire Early Dividend Income Summary
When comparing February 2021 with February 2022, the dividends actually decreased. We’ve made a few changes in our portfolio, by removing high-yield dividend paying stocks (including QYLD, JEPI and AT&T). Our goal for 2022 remains the same: achieve $25,000 in dividends.
Asset Allocation for Financial Independence
Here’s the breakdown for February 2022:
- Canada: 1,443.86 (93%)
- Global: 112.66 (7%)
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!