📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy Thanks for watching! :)
@@flow2tech for sure there’s definitely a time and place for dividend positions. One could argue it’s better to go for growth stocks while in your wealth accumulation years and slowly diversify and transition to dividend stocks as you start to live off your investments. Others argue it’s better to be in dividend stocks from the start to lessen volatility!
If the goal is merely dividends then why not just buy into a mutual fund? Returns are way more consistent most more that 5% and a seg fund would offer guarantees
@@atown71 you got to do your due diligence and research a company before purchasing the stock. UA-cam is great to find out about different companies. I put the companies that interest me onto my watch list and then start researching them to see if they're a worthwhile investment.
If you're young and just starting out (and don't need your savings to live on) it can be a good idea to start investing in solid dividend stocks now, but with the dividends going into a dividend reinvestment plan (if available) instead of coming to you as cash. That way your dividends are going into growing future income instead of being taxed in the present day.
Great Video! Warren buffet said if you just invested in the index which he did in 1942 with $10,000 today it would be worth 52 million now that is compounded growth!
Don’t buy a house… by land… then build a house you want… get a good company to build and that price will be a lot more affordable then just buying a home PLUS…it’s a investment. Once house is done you know own something worth more then you started 😉🇨🇦
Hey Brandon I just started doing stock how is good to start off with an what if u don't have alot of money how much is good to start with? Is 100 dollars good to start?
2nd generation Canadian Chinese here. Happy New Year to you too, gong xi fa cai! Your videos are always so helpful. I'm definitely aiming for 100k yearly dividends *_*
Hi Brandon, a quick question - With regards to the 4% rule, if I wanted an annual income of 40000, I would need a million dollars per your example. But, if I have invested in aristocratic or king dividend paying stock companies where I am already getting dividend pay outs like say 15 to 20000, perhaps that 4 % rule would not apply, in which case I may not need to invest a million. What would your formula be?
You don't get taxed on withdrawals from a TFSA, regardless of the source, such as dividends. It's all the same. But you're putting after tax income into a TFSA to start, so you pay the tax beforehand.
Can we be able to hold 2.5 million in our TFSA alone and do this strategy? Or this should be done in combination with other accounts such as non registered as well as registered?
hmm, trying to use your wealthsimple trade link, but it's not working? when I click Get started, will point me to login, but it's always invalid user or connection problem
So being "passive income" in some investment account on say, Wealthsimple's TFSA. What would happen if I were to withdraw that passive money to my bank? Would the bank know that the money is tax free and I would not be penalized for having a sudden influx of money coming from seemingly no where? Can you even use a TFSA for this?
Hey Brandon, Thank You for your videos and content. I did buy a few stocks you suggested a bit over a year ago (CAT and ATVI). Both did really well! I am wondering if you have a suggestion for a UA-cam channel within Australia as I am living over here and would like something closer to home. Not saying I would stop following you but it be good to have something aus related.
What is the best tfsa strategy? "Cash and carry" or long term investment? Cause if you get some extra free cash off tax you can reinvest it in an individual account for value, or not? Do you get my question?
Hey Brandon, great video. I'm actually a big fan of the so called 'boring' stocks. Do you know which Canadian ETFs focus on dividend growth stocks? Not sure if you did a video on this already. Thanks, from Burnaby. Enjoy the snow today
Hi Brandon, just thought I should let you know - its not just Chinese New Year, its actually Lunar New Year since its celebrated by many Asians ethnicities not just Chinese. Hopefully next year you will remember.
etfs are less risky and allow for a more broad exposure to the market, individual stocks can fluctuate a lot more than you expect which can be discouraging. in the end do what’s best for yoh
you only get TCG when SELLING your shares, not revenue earned ....even passive (royalties, dividends, rent, interest) dividends is especially nice because it comes from AFTER TAX income from corp so there is a reduction.....unlike BOND interest.
Reinvestment of dividend stocks that increase the dividend rate over time can produce such crazy results. I remember how hard it was when i was 18 to try and explain to my friends that I can't spend any more at a bar cause I think it makes more sense to save for shares of a mutual fund.
Hey Brandon, thanks for your videos! They are really great! I started my portfolio last month, I added Enbridge last month and this week Manulife. I’m tracking the next dividends dates to diversify my portfolio. As soon as I have enough portfolio diversification I will start making the average price.
Started building my dividend portfolio today. Looking for stable companies with dividends between 4% to 5.5% Bought Telus, Riocan and TD today. Looking at Embridge, not sure.
@@joannapatterson4625 Enbridge is also investing in renewable energy, which has the potential to grow their stock price and dividend over the next 5-10 years or longer.
Maybe you can talk about the diversification of dividend stocks. Good dividend yielders are often concentrated in a few areas when it comes to Canadian stocks (Finance, energy, etc). While growth stocks are much more diversified.
Hi, Brandon. I have watched a few of your videos and found them very informative. Instead of using the dividend investing, what do you think of using corporate class mutual funds as your passive income source? Assume we wanted 100k/year in passive income and we chose the T8 of the corporate class, we only need to accumulate $1,250,000 comparing to $2,500,000. Thank you.
It's amazing how many people down play dividends. For me and for my clients, I always look at dividends as a huge opportunity to grow their portfolios.
Great content, straight forward and Canadian too. Glad to come across your channel today!! Recently got into stocks and your videos truly are a big help
Another strategy: take 2mil and buy a few houses (5 at 400k each), rent them out (say 2k per month). 2k x 5 = 10k/m, x 12m = 120k per year. It's easy to see how wealth can really snowball once you have enough to start with
What a great video Brandon! I think you explained it really well. Awesome job! Ever thought of moving to Prince George? House prices are much much more affordable. They are on the rise but no where near Vancouver BC prices... Just a thought and suggestion! I love your videos! Keep up the great work with them.
Great video, I do these calculations all the time. Also if you don't increase your cost of living (still only require 100k), you can build up another stock position with all the surplus.
Hey. Brandon great video. Question if the ceo of a dividend blue chip company say enbridge has accumulated a enormous amount shares for his personal account, is he taking on excessive risk ? As you know enb has been a dividend aristocrat for decades and is an oligopoly pipeline.
Really good Brandon. ADAM from Parallel Wealth suggested looking at your channel to cover what ADAM doesn't cover. You both make a comprehensive resource to help all of us here in Canada! Awesome! I am sharing your channel with a few close friends to help bring some perspective and clarity. 👍🇨🇦🍁💯
I'm a newer Canadian investor (ON), been recently watching your channel, and really like your approach. I recently came into my mothers life insurance, and soon we'll be forced to sell the house which should yield $300k for myself. I've invested my smaller life insurance into one particular company I follow with due-diligence, but I'm thinking about what to do with $100k of the house money... right now I'm torn between waiting to get into a mutual fund (kind hoping to see a big pull back for entry) or to diversify it into dividend paying companies with a DRIP program. Any thoughts, no worries to not being an advisor - I'll use the grain of salt approach :)
Do a video on how u would invest 5 million dollars cnd In the cnd mrkt only Using etfs stocks high paying divends stocks Want a min of 15g per month every month to live off. Thanks
I think that more interesting video/question is going to be how to do get to $2.5M if you are only making $30k/year and living in Toronto and/or Vancouver, etc.
@@VTGDFGGGT55RTT I get and understand all of that (my current portfolios are sitting at an annualised return ranging from 7.8% to 15.9% at the time of writing), but my point is that this is such a pointless video if, like you said, the vast majority of people don't/won't have $2.5M burning a hole in their pocket. And those that do probably couldn't care less about living off of a passive, $100k p.a. income because they probably have a way to obtain said $2.5M in the first place, which renders this so pointless.
@@VTGDFGGGT55RTT Yes, Jay, keeping it very real. Appreciate your perspective. Brandon's video appears to be enough to get many average income earners very upset as saving is a struggle.
@@ewenchan1239 Yes Ewen, I agree with you. How to get 30K/yr to 2.5M would be more effective and Brandon does have other videos that help with making decisions on what to invest in. The general rule of thumb for saving for retirement is to take 10-15 percent of your salary/year and put it into savings/investing. It takes discipline and will to save a bit for today so that you will be OK later in retirement.
Hey Brandon, thanks for the great video, super interesting way to look at dividends, and I have never thought about them growing in amount, always thought they were fixed. Super helpeful. Keep up the great work
All the young kids talk about retiring on a $100K yearly income like it's easy-peasy. Truth is- you will be lucky to have a $50K/yr income in retirement unless you make very bullish investments over the course of your work career or you have a job that pays at least $150k/yr for most of your career and you don't spend it all on frivolous things like BMWs and Omega watches.
Good info. Keep in mind that the 4% rule is mentioned because of the impact of inflation. In other words, 4% withdrawal + 2% inflation could be considered as equivalent of withdrawing 6% from portfolio. But, of course, it all depends on how portfolio is structured, and if (as you mentioned) if companies that pay dividends continue to raise their payouts each year (like Manulife, CNR, CU, BCE, ENB, etc.). I personally plan on withdrawing 5% (when I reach 2M) in next year or two.
Thou I agree with you totally on dividend income 100,000 k is dumb and the person asking the question should be corrected first anything over 75,000 k OAS is gone , your also not adding CCP income and company pensions
Hi, we are newbies here. What is the term we are looking for on the stock charts that tells us that yield on cost you were talking about? The “example” 10 percent Manulife dividends went up each year?
📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy
Thanks for watching! :)
Thanks Brandon...Im from Quebec, and I´ll like to know wich is the price to study in your academy...thanks.
Please say me which microphone you’re used this podcasts?
@@АбылайханСатыбалды-л8ф Thats a Blue Yeti
@@nacho1595 thanks
I would love to to see an in-depth how you pick stocks and the research you do. Including what sites and methods you use. That would be seasoned👍🏾
Man answers my questions before i even ask them
🤣 cheers tony
Spent my lunch break reporting fake Brandon comments. Must be a weird badge of honor to be big enough to be impersonated.
Jonathan, my man. Truly appreciate you taking time to help out. What a gong show that has become. Hope you enjoyed your lunch.
hey I did that last week as well on another video, at least a dozen or so
Thanks for chipping in, Kayvon!!
Living off dividends is the ultimate goal! Unlike selling shares you get you protect your initial investment and still see it grow!
@Investing Solutions True.. But with added growth stocks u can compound faster.. Sell and dump into dividend payers to increase net worth even quicker
@@flow2tech for sure there’s definitely a time and place for dividend positions. One could argue it’s better to go for growth stocks while in your wealth accumulation years and slowly diversify and transition to dividend stocks as you start to live off your investments. Others argue it’s better to be in dividend stocks from the start to lessen volatility!
@@InvestingSolutions23 many different ways to look at the picture for sure
Fully sustainable passive income is life goals
Hi Brandon! Could you talk about Suncor and Enbridge in the next video? Love your vids!
Super informative man! Thank you!! I didn’t know how or what to calculate at.. and it’s great to have a better idea of what I need to get to.
If the goal is merely dividends then why not just buy into a mutual fund? Returns are way more consistent most more that 5% and a seg fund would offer guarantees
This is exactly what I needed!
Yes all these spec play and hype stocks getting my head clouded
@@atown71 you got to do your due diligence and research a company before purchasing the stock. UA-cam is great to find out about different companies. I put the companies that interest me onto my watch list and then start researching them to see if they're a worthwhile investment.
If you're young and just starting out (and don't need your savings to live on) it can be a good idea to start investing in solid dividend stocks now, but with the dividends going into a dividend reinvestment plan (if available) instead of coming to you as cash. That way your dividends are going into growing future income instead of being taxed in the present day.
@@Kevin_Street currently what im doing!
Excellent!
Great Video! Warren buffet said if you just invested in the index which he did in 1942 with $10,000 today it would be worth 52 million now that is compounded growth!
Don’t buy a house… by land… then build a house you want… get a good company to build and that price will be a lot more affordable then just buying a home PLUS…it’s a investment. Once house is done you know own something worth more then you started 😉🇨🇦
Move to Winnipeg. Buy a nice 1500 sq ft, 3 bedroom house for 400,000
Hey Brandon I just started doing stock how is good to start off with an what if u don't have alot of money how much is good to start with?
Is 100 dollars good to start?
Great video! Also move to the east coast haha. Colder, but you’ll save so much money!
Hey Brandon, fairly new to the channel but what are your thoughts on the future growth of Enbridge?
Happy Lunar New Year Brandon!
Happy New Year Shirley :)
I always like your videos before watching 🤭❤
Me as well LOL
2nd generation Canadian Chinese here. Happy New Year to you too, gong xi fa cai! Your videos are always so helpful. I'm definitely aiming for 100k yearly dividends *_*
Wait, but you need to generate more than that in order to keep that base investment growing with inflation, otherwise, it is losing value.
Happy Lunar Year and glad to tune into another great video! ☕️
Love the break down nice and simple for a old white guy like me. awesome job bys. Getter don. Happy new year.
Brandon, you look like half Filipino!
Not everyone's tryna buy a home in Vancouver so lucky for them their odds for acquiring a home are up! Most of Canada's market is reasonable.
Hi Brandon, a quick question - With regards to the 4% rule, if I wanted an annual income of 40000, I would need a million dollars per your example. But, if I have invested in aristocratic or king dividend paying stock companies where I am already getting dividend pay outs like say 15 to 20000, perhaps that 4 % rule would not apply, in which case I may not need to invest a million. What would your formula be?
What if you put it in a TFSA and pulled out the dividends. How does the government tax you on that?
You don't get taxed on withdrawals from a TFSA, regardless of the source, such as dividends. It's all the same. But you're putting after tax income into a TFSA to start, so you pay the tax beforehand.
What if you don’t want to die rich and draw down your principal to zero when your 90. For those who don’t have 2.5m but still want $100k a year.
Happy Chinese New Year~!!!
Can we be able to hold 2.5 million in our TFSA alone and do this strategy? Or this should be done in combination with other accounts such as non registered as well as registered?
hmm, trying to use your wealthsimple trade link, but it's not working? when I click Get started, will point me to login, but it's always invalid user or connection problem
What website do you use to see the dividend summary(div yield, div growth rate)?
Thanks for the awesome info
Thats an awesome end goal for investment 🤩
So being "passive income" in some investment account on say, Wealthsimple's TFSA. What would happen if I were to withdraw that passive money to my bank? Would the bank know that the money is tax free and I would not be penalized for having a sudden influx of money coming from seemingly no where? Can you even use a TFSA for this?
Hey Brandon,
Thank You for your videos and content. I did buy a few stocks you suggested a bit over a year ago (CAT and ATVI). Both did really well!
I am wondering if you have a suggestion for a UA-cam channel within Australia as I am living over here and would like something closer to home. Not saying I would stop following you but it be good to have something aus related.
smart like reminder.
What is the best tfsa strategy? "Cash and carry" or long term investment? Cause if you get some extra free cash off tax you can reinvest it in an individual account for value, or not? Do you get my question?
Yessss this is an awesome video man!
What dividends would you recommend for a newbie Canadian investor?
fake Account
CNQ.TO
Watched and liked, thanks Brandon!
Thanks, Jason. Ignore the annoying Whtsap spammers.... Thanks for watching and commenting.
so a gic at 4.75 a year is a good investment ?
7.17
MFC pays $1.09, not 1.09%
Hey Brandon, great video. I'm actually a big fan of the so called 'boring' stocks. Do you know which Canadian ETFs focus on dividend growth stocks? Not sure if you did a video on this already. Thanks, from Burnaby. Enjoy the snow today
You too man. Check out CDZ etf which targets Canadian aristocrats 👍🏻 don’t follow it too closely but here lots of ppl do
Will check it out, thanks!
how exactly do we acquire the revenue from the dividends, do we sell 4% of our shares/stocks to gain those funds?
Do you consider Inflation in your calculations?
To anyone watching this video a year later, Manulife is now paying $1.32 per share. Over 20% more than when this video was posted.
Hi Brandon, just thought I should let you know - its not just Chinese New Year, its actually Lunar New Year since its celebrated by many Asians ethnicities not just Chinese. Hopefully next year you will remember.
That’s an awesome point, C T. I’ll lock that into my memory and next year I’ll mention that! Watch for it!! 😁
indeed, yan su ji fan aint bad, aint bad at all
Can you tell me why Inpixon stocks dropped soooo hard???
Should we invest in individual dividend stocks or dividend etf's
etfs are less risky and allow for a more broad exposure to the market, individual stocks can fluctuate a lot more than you expect which can be discouraging. in the end do what’s best for yoh
Hey Brandon, how/why did you choose a dividend strategy over a total return one?
I didn’t Nicolas 👍🏻
good
thank you 恭喜发财 ！gong xi fa cai
Hi ! Do you know any good app to buy dogecoin in Canada?
Hey this commentator is a scanner unfortunately
And, you forget about the taxation on your capital gain, so the money required for 100k passive income will be much higher than that.
you only get TCG when SELLING your shares, not revenue earned ....even passive (royalties, dividends, rent, interest)
dividends is especially nice because it comes from AFTER TAX income from corp
so there is a reduction.....unlike BOND interest.
unless of course you are speaking from another country .........hur dur.
@@hugosmith6776 ah, I didn’t know that! Thanks for the information, I did not worry/research about it, since all my investment right now is in TFSA.
Well time to play the lottery then
If I had $2.5 million, I wouldn't be sitting here getting lesson from you on investing.
FIRST!!!
nvm fourth
Earlyy
🌹🌹
Reinvestment of dividend stocks that increase the dividend rate over time can produce such crazy results. I remember how hard it was when i was 18 to try and explain to my friends that I can't spend any more at a bar cause I think it makes more sense to save for shares of a mutual fund.
Don't waste your time hanging around fake loser friends. Invest/plan well in your future and that includes a good wife.
Hey Brandon, thanks for your videos! They are really great! I started my portfolio last month, I added Enbridge last month and this week Manulife. I’m tracking the next dividends dates to diversify my portfolio. As soon as I have enough portfolio diversification I will start making the average price.
Long on enb for years with a large holding, you made a great pick. Oil and gas is not going away the world will always be growing and consuming.
$MFC is future. I dropped $POW and $SLF to invest out on all $MFC..
Started building my dividend portfolio today. Looking for stable companies with dividends between 4% to 5.5%
Bought Telus, Riocan and TD today.
Looking at Embridge, not sure.
Way to go 👌🏼
Enbridge pays decent dividends. Worth considering if you are holding long term.
@@joannapatterson4625 Enbridge is also investing in renewable energy, which has the potential to grow their stock price and dividend over the next 5-10 years or longer.
I recommend Enbridge for long term hold. Your picks are golden. I am very happy with TD and RioCan
@@judithiriele ENB long !!
Maybe you can talk about the diversification of dividend stocks. Good dividend yielders are often concentrated in a few areas when it comes to Canadian stocks (Finance, energy, etc).
While growth stocks are much more diversified.
Jeez...If I had $2500000 in my sock drawer it would still last 25 years at 100k per year. How realistic is that 4% rule?
Brandon move to Peterborough! I'll sell you my 4 bedroom plus separate 2 bedroom basment apt. 550k
😭😭
Might move there from Scarborough lol.
Hi, Brandon. I have watched a few of your videos and found them very informative. Instead of using the dividend investing, what do you think of using corporate class mutual funds as your passive income source? Assume we wanted 100k/year in passive income and we chose the T8 of the corporate class, we only need to accumulate $1,250,000 comparing to $2,500,000. Thank you.
It's amazing how many people down play dividends. For me and for my clients, I always look at dividends as a huge opportunity to grow their portfolios.
Great video. Can you do a video on taking a lump sum yearly towards your mortgage principle vs taking those dollars and investing in stocks
Great suggestion, Joanne. I'll put that topic on my list of upcoming videos. Cheers.
very good
If you want make $100,000 x (amount of year before retirement).
100,000 × 25 = 2,500,000
Great content, straight forward and Canadian too. Glad to come across your channel today!! Recently got into stocks and your videos truly are a big help
Welcome Chase. Thanks for your comment.
How can anyone ever dislike your videos; it makes no sense to me!
I look forward to your videos every week. I learn so much from you.
brandon, heres a video idea, make a video comparing the different crypto platforms available in canada
Another strategy: take 2mil and buy a few houses (5 at 400k each), rent them out (say 2k per month). 2k x 5 = 10k/m, x 12m = 120k per year. It's easy to see how wealth can really snowball once you have enough to start with
Real Estate is great and appreciates in value ... but where are these $400K houses? Here in GTA you are looking at close to 1Million each
@@leafamania1 400k is about average in Calgary, AB
Can you make a video on split corps like dfn!?
What a great video Brandon! I think you explained it really well. Awesome job! Ever thought of moving to Prince George? House prices are much much more affordable. They are on the rise but no where near Vancouver BC prices... Just a thought and suggestion! I love your videos! Keep up the great work with them.
Thanks Michael. I haven't thought about PG, no, but you never know! Thanks for watching and glad you're enjoying the videos.
Great video, I do these calculations all the time. Also if you don't increase your cost of living (still only require 100k), you can build up another stock position with all the surplus.
Hey. Brandon great video. Question if the ceo of a dividend blue chip company say enbridge has accumulated a enormous amount shares for his personal account, is he taking on excessive risk ? As you know enb has been a dividend aristocrat for decades and is an oligopoly pipeline.
Really good Brandon. ADAM from Parallel Wealth suggested looking at your channel to cover what ADAM doesn't cover. You both make a comprehensive resource to help all of us here in Canada! Awesome! I am sharing your channel with a few close friends to help bring some perspective and clarity. 👍🇨🇦🍁💯
I'm a newer Canadian investor (ON), been recently watching your channel, and really like your approach. I recently came into my mothers life insurance, and soon we'll be forced to sell the house which should yield $300k for myself. I've invested my smaller life insurance into one particular company I follow with due-diligence, but I'm thinking about what to do with $100k of the house money... right now I'm torn between waiting to get into a mutual fund (kind hoping to see a big pull back for entry) or to diversify it into dividend paying companies with a DRIP program. Any thoughts, no worries to not being an advisor - I'll use the grain of salt approach :)
Do a video on how u would invest 5 million dollars cnd
In the cnd mrkt only
Using etfs stocks high paying divends stocks
Want a min of 15g per month every month to live off. Thanks
Would putting a % of my income into an ETF tracking S&P 500 a good way to invest my money if I wanted a handsfree investment vehicle?
No I instead recommend something like ACWI.
we should help reporting the fake brandon here
vfv
I think that more interesting video/question is going to be how to do get to $2.5M if you are only making $30k/year and living in Toronto and/or Vancouver, etc.
@@VTGDFGGGT55RTT
I get and understand all of that (my current portfolios are sitting at an annualised return ranging from 7.8% to 15.9% at the time of writing), but my point is that this is such a pointless video if, like you said, the vast majority of people don't/won't have $2.5M burning a hole in their pocket.
And those that do probably couldn't care less about living off of a passive, $100k p.a. income because they probably have a way to obtain said $2.5M in the first place, which renders this so pointless.
The only thing i could think of to come up with this amount is to buy a house now,sell it 20 yrs later
@@VTGDFGGGT55RTT Yes, Jay, keeping it very real. Appreciate your perspective. Brandon's video appears to be enough to get many average income earners very upset as saving is a struggle.
@@ewenchan1239 Yes Ewen, I agree with you. How to get 30K/yr to 2.5M would be more effective and Brandon does have other videos that help with making decisions on what to invest in. The general rule of thumb for saving for retirement is to take 10-15 percent of your salary/year and put it into savings/investing. It takes discipline and will to save a bit for today so that you will be OK later in retirement.
Buy a house on the east coast!
Anybody got any stock recommendations for dividend stocks?
And long term and short term holds?
Enbridge is a long term keeper in my portfolio- great Dividend yield.
@@TheShady80 thanks buddy! I have enbridge too, looking to diversify!
新年快了! 恭喜廢柴!!
Great information: I will use your examples
when explaining dividends to my
brother who thinks he’s savy in things
financial.
Buy a house on the east coast!
thank you for the content
I love your videos, it's like when I start with one, can't stop and re-watch some older videos. Amazing!
If hdif yield around 8% can we assume that the swr is laeger then 4%. In other words - do covered call ETF change the game for the 4% rule?
Hey Brandon, thanks for the great video, super interesting way to look at dividends, and I have never thought about them growing in amount, always thought they were fixed. Super helpeful. Keep up the great work
What are talking about who on this comments section has 2.5mln in bank to put in stocks are you mad
Great video again Brandon. Goals to attain to.
Appreciate the comment a lot. thanks, Neville.
Which is best brokerage in Canada ?
All the young kids talk about retiring on a $100K yearly income like it's easy-peasy. Truth is- you will be lucky to have a $50K/yr income in retirement unless you make very bullish investments over the course of your work career or you have a job that pays at least $150k/yr for most of your career and you don't spend it all on frivolous things like BMWs and Omega watches.
Good info. Keep in mind that the 4% rule is mentioned because of the impact of inflation.
In other words, 4% withdrawal + 2% inflation could be considered as equivalent of withdrawing 6% from portfolio. But, of course, it all depends on how portfolio is structured, and if (as you mentioned) if companies that pay dividends continue to raise their payouts each year (like Manulife, CNR, CU, BCE, ENB, etc.).
I personally plan on withdrawing 5% (when I reach 2M) in next year or two.
Thanks for the input, Jax. Cheers
Thou I agree with you totally on dividend income 100,000 k is dumb and the person asking the question should be corrected first anything over 75,000 k OAS is gone , your also not adding CCP income and company pensions
Hi, we are newbies here. What is the term we are looking for on the stock charts that tells us that yield on cost you were talking about? The “example” 10 percent Manulife dividends went up each year?