I did add 100 shares of SVOL into my dividend portfolio and I am excited to chart the progress of dividends and price appreciation.
New estimated yearly dividend income: $8627.33
I did add 100 shares of SVOL into my dividend portfolio and I am excited to chart the progress of dividends and price appreciation.
New estimated yearly dividend income: $8627.33
I did add 100 shares of SVOL into my dividend portfolio and I am excited to chart the progress of dividends and price appreciation.
New estimated yearly dividend income: $8627.33
As a Canadian, i have something called a TFSA. (Tax Free Savings Account).
Any money made on this is tax free. There are no tax breaks upon depositing to your TFSA. The current limit on total lifetime contributions is 95k. This increases by about 6k each year.
My goal is to max this out, and my wife's as well. The idea being instead of taking the tax break now, i will have tax free dividend income upon retirement.
Currently the majority of my holdings are in an ETF "HMAX". The dividend yield is 15% per year.
I'm amazed that more people aren't investing in this.
Do you guys in the USA have anything similar to a TFSA? What would your strategy be regarding this?
BTW, my house is paid off (i'm old lol) and probably worth 1 or 1.1 mil.
As a Canadian, i have something called a TFSA. (Tax Free Savings Account).
Any money made on this is tax free. There are no tax breaks upon depositing to your TFSA. The current limit on total lifetime contributions is 95k. This increases by about 6k each year.
My goal is to max this out, and my wife's as well. The idea being instead of taking the tax break now, i will have tax free dividend income upon retirement.
Currently the majority of my holdings are in an ETF "HMAX". The dividend yield is 15% per year.
I'm amazed that more people aren't investing in this.
Do you guys in the USA have anything similar to a TFSA? What would your strategy be regarding this?
BTW, my house is paid off (i'm old lol) and probably worth 1 or 1.1 mil.
@Bruins4Life
Yeah we have Roth IRA’s (individual retirement accounts). $7,000 annual contribution limit.
similar in nature. I max this out annually and have traditional IRA accounts and taxable brokerage accounts also. I receive sizable tax breaks due to the married filing jointly standard deduction and 4 children so tons of “tax credits”, so I have very little personal tax liability as is. So fine “paying the tax now” as they say.
I focus on high quality income ETFs yielding 8% + with diversified sectors and strategies, along with MLPs and “preferred” stock offerings.
my portfolio has not only paid significantly in dividend income (reinvested at this juncture), but I’ve also seen nice price appreciation (not this month however).
with how much I contribute bi-weekly, I should have about $85,000 per year in annual dividend income payments within 10 years and at age 44, work will then be essentially optional when factoring that I have no debt other than my home…
@Bruins4Life
Yeah we have Roth IRA’s (individual retirement accounts). $7,000 annual contribution limit.
similar in nature. I max this out annually and have traditional IRA accounts and taxable brokerage accounts also. I receive sizable tax breaks due to the married filing jointly standard deduction and 4 children so tons of “tax credits”, so I have very little personal tax liability as is. So fine “paying the tax now” as they say.
I focus on high quality income ETFs yielding 8% + with diversified sectors and strategies, along with MLPs and “preferred” stock offerings.
my portfolio has not only paid significantly in dividend income (reinvested at this juncture), but I’ve also seen nice price appreciation (not this month however).
with how much I contribute bi-weekly, I should have about $85,000 per year in annual dividend income payments within 10 years and at age 44, work will then be essentially optional when factoring that I have no debt other than my home…
@Bruins4Life
Where do you live in Canada? 1.1M in Toronto buys you a mobile home with no roof.
in Halifax or Regina. Different story.
well done mate.
@Bruins4Life
Where do you live in Canada? 1.1M in Toronto buys you a mobile home with no roof.
in Halifax or Regina. Different story.
well done mate.
@steponaduck
You don't have a handle on the GTA real estate market lol.
I live in Burlington, 30 minutes west of downtown Toronto.
Detached 3 bedroom. Lot is 65 x 125. Average for the area.
The same house right in Toronto would be 2 mil.
@steponaduck
You don't have a handle on the GTA real estate market lol.
I live in Burlington, 30 minutes west of downtown Toronto.
Detached 3 bedroom. Lot is 65 x 125. Average for the area.
The same house right in Toronto would be 2 mil.
UPDATE TO THE DIVIDEND PORTFOLIO
DIVIDEND ETFS:
JEPI- 306 SHARES
JEPQ - 279 SHARES
QYLD- 877 SHARES
SCHD - 38 SHARES
DIVO - 67 SHARES
VYM - 19 SHARES
SPYI - 41 SHARES
AGGH 169 SHARES
SVOL 101 shares
CSQ 50 shares
PFFA 50 shares
TLTW 29 Shares
IBHE 82 Shares
CRF: 287 Shares
PREFFERED STOCK HOLDINGS:
ET PREFERRED SERIES C,D,E - 790 COMBINED SHARES
ET COMMON STOCK: 1207 SHARES
WELLS FARGO PREFERRED - 181 SHARES
AG MORTGAGE PREFERRED- 89 SHARES
COMPASS DIVERSIFIED PREFERRED - 47 SHARES
DIGITAL REALTY PREFERRED - 38 SHARES
PUBLIC STORAGE PREFERRED- 89 SHARES
VIASP PREFERRED 50 shares
UPDATE TO THE DIVIDEND PORTFOLIO
DIVIDEND ETFS:
JEPI- 306 SHARES
JEPQ - 279 SHARES
QYLD- 877 SHARES
SCHD - 38 SHARES
DIVO - 67 SHARES
VYM - 19 SHARES
SPYI - 41 SHARES
AGGH 169 SHARES
SVOL 101 shares
CSQ 50 shares
PFFA 50 shares
TLTW 29 Shares
IBHE 82 Shares
CRF: 287 Shares
PREFFERED STOCK HOLDINGS:
ET PREFERRED SERIES C,D,E - 790 COMBINED SHARES
ET COMMON STOCK: 1207 SHARES
WELLS FARGO PREFERRED - 181 SHARES
AG MORTGAGE PREFERRED- 89 SHARES
COMPASS DIVERSIFIED PREFERRED - 47 SHARES
DIGITAL REALTY PREFERRED - 38 SHARES
PUBLIC STORAGE PREFERRED- 89 SHARES
VIASP PREFERRED 50 shares
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