A friend recently sold an investment property and asked me about creating income with the proceeds. We have been talking about my dividend journey to financial independence for some time. But as everyone’s idea of investing is different, he is just looking for ideas. I gave him my sample portfolio for Canadian dividend paying companies. This list only has 6 companies, (I have 30 in our portfolios), but I believe it is a good starting point to what a portfolio could look like. We have owned all 6 for a long time.
There have been some phenomenal growth stories lately and it would be hard for an investor to overlook these. Everyone has different goals and requirements for there income in retirement. So, each portfolio needs to be individually created to match these needs. If you have a good pension, there is a lot less pressure to create investment income. If you plan to work part time as long as possible, you will need less from other sources.
My goal always was to create a dividend paying portfolio that was conservative and reasonably safe. I want to spend the dividends and preserve the capitol to pass on to the next generation. But there was always some room to also buy some growth stocks. Every investor must decide what allocation to use to the various investments. Mine is 82% dividend paying stocks, 8% growth stocks.
I recently created a sample of a dividend paying portfolio that you can find HERE.
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