Investing for the long term is a commitment. When we made our investment plans and started implementing them, we knew that it was NOT going to be a straight line up and everything would be grand.
The key to a good plan is to have holdings that you are confident in and will be strong enough to survive some major setbacks. This is not a time to re-evaluate and start changing investments. Therefore, I have so little to add to my blog posts. There is nothing new to report. My Dividend Plan is working and does not need changing.
When reading other blogs, I see very quickly that the ultimate objective is to generate clicks and revenue. So, they get repetitive and after some time there is little new to learn. Just old ideas re-hashed in a slightly modified format. Mine is repetitive as well, because I only have a single way to invest. Good thing is that mine is not about making money from it. I only want to put something out there to show how easy investing can be. And hopefully get some feedback from readers.
So why do I still hold on to my portfolio through these times? Let me tell you.
The main reason is that we continue to receive dividends that are either the same as last year or have increased. Projected increase in dividend amount for 2022 is 13 percent. That does include a small amount of re-investment of dividends. We take what we need and re-invest the rest. We just add to our current holdings.
Dividends increased this year from TELUS, BMO, BNS, BCE, LEG, NA, CPX, EMA, PPL, TRP, REI.
As you can see now with this dividend plan, we can ignore what is going on in the markets now and continue to receive a growing amount of income. There is no need to sell shares, re-balance, or worry about a withdrawal percentage that is safe.
So, if you have questions or comments, please put them in the comments section and let me know what you think.
