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
| Ticker | Name | $ |
|---|---|---|
| MFC.TO | Manulife Financial Corporation | 660.00 |
| ENB.TO | Enbridge Inc | 767.98 |
| CU.TO | Canadian Utilities Limited Class A | 533.04 |
| REI-UN.TO | RioCan Real Estate Investment Trust | 28.82 |
| ITOT | iShares Core S&P Total US Stock Market ETF | 201.29 |
| Total | 2,191.13 |
2022 Retire Early Dividend Income Summary
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
- 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!