Dividend Investing Strategy for Financial Independence – Jul 2023

We want to Retire Early with Dividends and since 2019 we have been building our Dividend Investing Strategy for Financial Independence with Dividend Income. Here are the results for July 2023, and a BIG new achievement.

What are Dividends?

Here’s an excerpt from Wikipedia:

A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets.

Passive Income Breakdown

AW-UN.TOA&W Income Fund28.96
TD.TOTD Canada1,440.00
BCE.TOBell Canada774.00
QQQNasdaq 100 ETF99.70
HDIV.TOHamilton HDIV837.95
HYLD.TOHamilton HYLD628.22

Dividend Investing Strategy for Passive Income – July 2023 video

Dividend Investing Strategy: Summary

  • This is the first time we are over $5,000 dollars. That’s a big achievement, and by maintaining this month (and the other ones) with dividends and distributions above $5,000 dollars, we can reach the $60,000 dollars per year in dividend income.
  • We are at this stage because of  persistency, consistency, the community we are building, and the professional services we use, including the fee-only financial planner, our accountant, the comments, e-mails, and interactions with our community and 5i Research. We leverage their experience and see what’s “out there”. If you are interested,  you will have a 25% discount and 14 day trial – money back guaranteed.
  • Remember:
    • Dividends are good, but you have to think about the strategy for the long term. That’s why we consider ourselves hybrid investors
    • We do leverage money. We know the risks, we calculate it, and by understanding the CRA rules, we make the money work for us.

Comments on this entry are closed.

  • Richard Aug 11, 2023 @ 19:50

    Great summary again. I’m hoping to follow a similar path to FIRE, or at least retirement through dividend investing.
    I would love to see you guys do a joint video series with The Dividend Guy at Dividend Stocks Rock. You both have similar strategies and I would love to see what you guys come up with together.