I’ve followed a few dividend blogs sporadically over the years. Since I already have this domain and hosting, I may as well give you good folks of the internet some dividend updates. I will probably do at least one or two a year, we’ll see. If I start doing monthly purchases again, then I will probably update it monthly.
So, right now I’m at like 7 grand total. I used to be at 12 thousand, but going back to school was expensive and I was doing school exclusively for a bit which was good for my focus but did eat into my savings. I think 2017 and 2018 are going to be big years for purchases.
Here is what I have currently:
BNS (Bank of Nova Scotia) has a dividend yield of 4.26%
KO (Coca Cola) has a dividend yield of 3.35%
GE (General Electric) has a dividend yield of 3.16%
TD (Toronto-Dominion Bank) has a dividend yield of 3.78%
WMT (Walmart) has a dividend yield of 2.91%
So I earn approximately 3% on that $6,000 annually. Which would be $180 every year, or $15 a month. Sounds big, sounds small, it is what it is. Baby steps.
When I get this fund up to $20,000 I will be earning $600/year. Which is $50/month.
When I get this fund up to $50,000 I will be earning $1,500/year. Which is $125/month.
The thing I love about dividend stocks is that once you press buy and confirm your order, you’re done. That’s the end of the work. Then you get cheques for lyfe. And when you eventually die, your grandkids get cheques for lyfe. Unless the company goes bankrupt, but maybe you get hit by lightning that same day. So who knows. Life is funny like that.
Keep stackin’ that bread out there in Brick&Mortar Land,
I’m rooting for all of you,