Dividend Investing Strategy for Financial Independence – Mar 2022

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 March 2022.

Dividend Investing Strategy – Dividends breakdown

MFC.TOManulife Financial Corporation660.00
ENB.TOEnbridge Inc767.98
CU.TOCanadian Utilities Limited Class A533.04
REI-UN.TORioCan Real Estate Investment Trust28.82
ITOTiShares Core S&P Total US Stock Market ETF201.29

2022 Retire Early Dividend Income Summary

F.I.R.E. We Go! Dividend Income Report

When comparing March 2021 with March 2022, the dividends increased by a whopping 59%. We decreased our positions (from 11 to 5). We also received the US distributions from ITOT (Core S&P 500 total market). The increased compared with last quarter is also a result of the market as well as the annual contribution to the spousal RRSP.

Asset Allocation for Financial Independence

Here’s the breakdown for March 2022:

  • Canada: 5,326.88 (93%)
  • Global: 409.72 (7%)

Recommended links to help your Financial Independence Journey

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!