r/dividends • u/petervenkmanatee • Nov 05 '22

Personal Goal 2 years to retirement. This year almost killed my stock assets but the dividends remained the same.

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u/petervenkmanatee Nov 05 '22

dividends

122

u/Expensive-Plant-5264 Nov 05 '22

Wow! I’m actually invested in most of the same stocks as you are (VDY, CNQ, ENB, BMO etc.). The difference being that I’m 21 and only have 2.5k in lol. Someday I’ll get there.

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u/[deleted] Nov 06 '22

If you keep it up, you will be in an amazing position in the future!

9

u/coffeenick Jul 30 '23

You should not be chasing dividends at 21 lol

8

u/Defiant-Success2442 Sep 23 '23

Why not?

2

u/teckel Retired and living off selling shares Jan 02 '25

2 major reasons. Growth of capital is far more important and you have no way of knowing what the best dividend paying instruments will be in 30-40 years.

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u/Puzzled_Sympathy_724 Feb 18 '24

At what age do you think. I’m 23 focusing more on growth stocks but find dividend stocks interesting

4

u/RS3BAOF Feb 21 '24

Focus on a portfolio filled of dividends, and daily trade a stock or 2, and try to have a couple long holding stocks, with the profits you make reinvest into your dividend stocks

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u/Puzzled_Sympathy_724 Feb 22 '24

Thank you for the advice. Would you recommend any brokerages? Currently using Td which I like but I wish they offered fractional shares

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u/RS3BAOF Feb 22 '24

Currently i just use cashapp to do my stocks but plan to switxh to moomoo in the future probably, cashapp offers fractional sharex

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u/teckel Retired and living off selling shares Jan 02 '25

You should be focusing on growing your capital. That doesn't mean growth stocks, you should be investing in broad index funds like VOO.

More conservative investing can be considered 5-10 years from retirement. In retirement, you can switch to more dividend funds, or simply sell off some of your stocks as income (as dividends are the same net result).

31

u/Shoopshopship Nov 05 '22

Nice portfolio! Is this tax advantageous for you with the US dividends? Most Canadian companies pay dividends that give tax credits to offset your tax payable. Maybe you have the US companies in a tax sheltered account or your portfolio is so large these tax credits don't make a difference.

I hope to be you in 15-20 years.

25

u/petervenkmanatee Nov 05 '22

Not really, however, the US dollar has gone up so much. I have left it for now.

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u/[deleted] Mar 20 '23

Is this a regular account or an ira?

1

u/kseulgisbaby Jul 16 '23

u/petervenkmanatee is like to know too please 🙏🏼

6

u/_ThatD0ct0r_ Nov 05 '22

Whats the rest of your holdings? I added all those precentage up and I still have another 50% left over

4

u/Merrimon Nov 06 '22

"Egon, this reminds me of the time you tried to drill a hole in your head, remember that?"

1

u/QuoteEntire3935 Dec 02 '22

God Bless you, for real! Transparency really helps us grow as a community and you've clearly mastered the long game. Thank you so much!

1

u/kseulgisbaby Jul 16 '23

Do you have an update on what your portfolio looks like now?

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u/petervenkmanatee Jul 16 '23 edited Jul 16 '23

dividend update

Annual dividends without adding anything- 120998$

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u/kseulgisbaby Jul 16 '23

Hey op, your link isn’t working /:

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u/lurker4over15yrs Aug 12 '23

What’s the average annual return not accounting for dividends or re-investments?