Last month, I introduced my earning growths with dividend investing (including my contributions which is where the growth mostly comes from). I waited a while to ensure I would have enough data to show that dividend income can have continuous growth regardless of the daily market sentiments.
When investing, it’s really important to have a long-term plan. It’s way too easy to fall for trending stocks and I avoid them. My motto has been to buy companies our economy relies on. Go through the list below and you can see I am heavy in financials, telecoms, utilities, energy and I started buying transportation and other leaders in markets like McDonald’s.
See these related posts:
- Why Dividend Investing – The graph is a big reason why I do dividend investing. The income can be extrapolated and there is no guesswork.
- Easy Investing With Computershare – The Lazy Investor was the book that woke me up.
- Telecoms Really are Utilities – Telecoms own the data pipe and we depend on it. Most people spend more with telecoms than they do with gas and electricity.
My July income is $519.29. It’s my fourth month this year above $500. It’s official that I won’t be making $7,000 this year. I am not adding enough to my investments.
I made a few deposits in Computershare and Can Stock holdings. Aside from my annual one-time TFSA contribution (which is flirting $30,000 for one person) and my defined contributions with my employer’s RRSP (indexed), my contributions are small and done through the transfer agents. Over the past 2.5 years, I have grown my transfer agent portfolio to $8844.31 across 11 investments. Slow and steady is working.
DISCLOSURE: Please note that I may have a position in one or many of the holdings listed. For a complete list of my holdings, please see my Dividend Portfolio.