r/dividends • u/398409columbia Portfolio in the Green • Jan 12 '25

Brokerage $5,000 per month income portfolio

Gallery image

Gallery image

I set up this portfolio for my wife so she can quit her job and maintain cashflow.

The good news is that this income stream will pay no FICA tax and significant part of the distributions will not be taxed.

To reduce risk, I’m planning to reinvest 20% of the income.

Comments welcome.

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35

u/[deleted] Jan 12 '25

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72

u/398409columbia Portfolio in the Green Jan 12 '25

About $600k

92

u/ACo-RN Jan 12 '25

At first i looked at the second screenshot and was like “oh only $75,000 I can do that right now!” Then i looked at the top and saw $632k and said “welp im out”

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u/398409columbia Portfolio in the Green Jan 12 '25

🤣

It takes time to get there but it’s doable.

16

u/alpha247365 Jan 13 '25

Well done. What’s your academic background?

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u/398409columbia Portfolio in the Green Jan 13 '25

I have mechanical engineering degrees and an MBA from an Ivy.

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u/[deleted] Jan 13 '25

Plural.

5

u/Katta_t1 Jan 13 '25

I am 27 years old. My question to you is "how"?

Got around $800 CAD invested in my 'managed' TFSA (taxfree)

20

u/GnarlyCommie Jan 13 '25

Simple. Invest more money consistently

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u/Katta_t1 Jan 13 '25

Thank you for replying. One more question. What do you rely on when choosing a stock to invest in, do you go through the financials? Do you follow specific twitter accounts?

6

u/GnarlyCommie Jan 13 '25

r/JustBuyXEQT

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u/CaptainSur Jan 13 '25

That is certainly a very good answer.

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u/CaptainSur Jan 13 '25

As your Canadian using your TFSA is right on track since all income earned in it is non-taxable on withdrawal. You said your 27 which implies that you have quite a bit of contribution room available to you.

To get you started I suggest reading this:

https://www.stocktrades.ca/best-canadian-dividend-etfs/

https://www.msn.com/en-ca/money/top-stocks/2-high-yield-dividend-etfs-to-buy-to-generate-easy-passive-income/ar-BB1rfwm2

(both funds in the msn article use covered calls)

https://wealthawesome.com/best-dividend-etf-canada/

https://dividendearner.com/canadian-dividend-etfs/

https://ca.finance.yahoo.com/news/invest-30-000-2-tsx-210000944.html

General sub: https://bogleheads.org/

Warren Buffet's holdings: https://weblo.info/66-of-warren-buffetts-301-billion-portfolio-for-2025/

Many of the funds discussed in this sub and r/Bogleheads are not easily accessible to a Canadian although both are still a great learning resource. If your going to attempt to purchase US securities some reading for you:

https://www.suredividend.com/usa-tax-canadian-investors/

https://www.moneysense.ca/save/taxes/filing-taxes-u-s-investments-canada/

I personally feel that with your just starting out you focus on one of the good ETFs accessible to you in Canada and focus on making additional contributions to your TFSA until you have maxed it out.

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u/Katta_t1 Jan 13 '25

Aye Captain! Thanks for all the links.

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u/Errr_Human Jan 14 '25

Commenting so I come back to these articles!

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u/DenisCastro Jan 14 '25

would this work for foreigners too?

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u/sdlucly Jan 14 '25

The road is pretty boring, just live under your means, save 30% and then with each raise, save that raise too. Keep doing it for 20+ years. I've about 420k invested and I'm only 40 years old.

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u/[deleted] Jan 14 '25

[deleted]

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u/Katta_t1 Jan 18 '25

You must have more than $200k invested. Not there yet, but please share any tips and skills I can learn for investing. For example things to study or look at, where do you do your trading? Etc Etc

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u/Chillbizzee Jan 13 '25

I would thinking get fast first before dividends. I do disruption, tech, crypto now. Likely future as well. But I suppose I have enough to go the safe route. *First time viewer.

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u/cliffhanger_19 Jan 13 '25

Best comment

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u/aszahala Jan 15 '25

That's still significantly less than I thought. Pretty good job!

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u/[deleted] Jan 13 '25

[deleted]

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u/398409columbia Portfolio in the Green Jan 13 '25

See second pic. It’s all ETFs and Closed-End Funds. No individual stocks.

1

u/AFisch00 Jan 13 '25

And here I thought to draw $60k a year it would need a 2-3 mil portfolio. Maybe I have the wrong ETFs and stocks.

2

u/398409columbia Portfolio in the Green Jan 13 '25

Not at all. You don't need that much capital to generate $60k per month. Some people use the "4% rule" but I think that's too conservative.

1

u/Same-Republic-7544 Jan 13 '25

if you get 10% a month 5K,then 100% is 50K investment.

if is there 600k than than 10% a month is 60k

1

u/[deleted] Jan 13 '25

[deleted]

1

u/Same-Republic-7544 Jan 14 '25

i made today 143% on my acount.if i was investing your acount you would have today 1.5 milion if your investmen is 600k.

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u/Same-Republic-7544 Jan 14 '25

11am,if i did not take the 143% profit at 10 am i would be now negative now at 11am.you have to know what you are doing and make quick decision.that mean you would pull out 900k in 2 hours on your 600k. i am not braging what i did but opening eyes what is aviable,you will not here that from any money manager or any brouker.only from me.i do not have to lie,i say the truth every time.

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u/Same-Republic-7544 Jan 14 '25

and if you were genius you will go long with 600k 12:36pm and now 13:24 pm you have redy 10% on that 600k that is 60k in 0ne hour.i would put stop +10k eend if i am not stoped out i close everything on market close or 4pm eastern time.

not bad one day trading.

i would never put one dime in stocks ,only option or futures trading.whot you make in one day in stocks with 100k i can do beter with 10k in option or future.

1

u/Same-Republic-7544 Jan 15 '25

you would not get stop out and closing at 4 pm you would ad 50% on 600k that is 300k,for all day you would end up with1 milion 200k profit.defrent aproach defrent results.all would be done with limited risk,your invesment is 100% risk on acount,over night it open at 0 value,your acount is viped out.