Friday, October 28, 2022

Passive Income Investing - How to Earn Money through Dividends

Passive Income Investing 

How to Earn Money through Dividends 


View my monthly dividend payments in my

YouTube channel Eternalson17

Wealthsimple Monthly Dividend Payments

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RRSP MONTHLY DIVIDEND PAYMENTS


2022 NOVEMBER       


WEEKLY INCOME = $31

Nov 15 - ENS = $6.11

Nov 15 - EIT.UN = $5.20

Nov 15 - RS = $0.91

Nov 14 - LBS = $8.90

Nov 14 - GDV = $8.10

Nov 14 - SBC = $1.00

Nov 14 - PWI = $0.93


WEEKLY INCOME = $57

Nov 10 - DFN = $35.20

Nov 10 - FTN = $12.19

Nov 10 - SDIV = $1.81

Nov 10 - HYLD = $1.26

Nov 10 - HDIV = $1.13

Nov 10 - INC.UN = $1.02

Nov 10 - GLCC = $1.08

Nov 10 - DS = $0.94

Nov 9 - HDIF = $0.99

Nov 8 - JEPI = $1.62


WEEKLY INCOME = $10

Nov 1 - SVOL = $3.49

Nov 1 - QYLD = $2.66

Nov 1 - RYLD = $1.60

Nov 1 - XYLD = $1.09

Nov 1 - FCO = $2.19


-----------------------

2022 OCTOBER

Oct 31 - CLM = $61.85

Oct 31 - GOF = $2.48

Oct 31 - FAP = $0.92

Oct 17 - BSO.UN = $1.65

Oct 17 - PWI = $0.40 

Oct 17 - GDV = $8.10

Oct 17 - DGS = $225.90

Oct 17 - SBC = $0.70

Oct 17 - LBS = $8.90

Oct 14 - EIT.UN = $5.20

Oct 14 - RS = $0.52

Oct 14 - ENS = $6.11

Oct 13 - SDIV = $1.17

Oct 13 - GLCC = $0.81

Oct 13 - HDIV = $1.00

Oct 13 - HYLD = $0.70

Oct 11 - JEPI = $0.66

Oct 7 - FTN = $12.19

Oct 7 - DFN = $35.20

Oct 7 - HDIF = $0.42

Oct 7 - DS = $0.47

Oct 7 - INC.UN = $1.02

Oct 3 - SVOL = $3.49


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ADVANTAGES OF DIVIDEND INVESTING 


1. Passive Income on a regular basis 


2. Consistent and predictable cash flow 


3. Less stressful, not worrying about daily market fluctuations 


4. Lesser work and time compared to actively choosing stocks for day trading 


5. Buy and Hold strategy means no need to time the market to Sell stocks or shares


6. Earn more money through compounding by using dividends to buy more shares 


7. Earn more distributions when companies increase the amount of dividends


8. Save on fees and  commissions by using DRIP - dividend reinvestment plan


9. Proven & Tested way to earn money and build wealth 


10. Minimize risk by investing in well diversified ETFs, closed-end income funds and split funds 


11. Buying at a low price or at a discount increases dividend yield 


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DISADVANTAGES OF DIVIDEND INVESTING 


1. Dividends are taxed more than capital gains 


2. Reduced or no dividends during recession or market crash 


3. Prices of dividend-paying funds or stocks grow or appreciate slower


4. Need to wait a month, or a quarter to receive dividends 


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HOW I EARN MONEY THROUGH DIVIDENDS 


1. Save consistently 


2. Buy regularly 


3. Take advantage of buying at a low price 


4. Buy diversified ETFs, closed end income funds, split funds to minimize risk


5. Buy and Hold strategy 


6. Reinvest my dividends to buy more shares 


7. Wait for my monthly dividend 


-----------------------------------


Top 30 Highest Dividend Paying Stocks

ETFs - 10: 
1. GLCC
2. HDIF
3. HDIV
4. HYLD
5. JEPI
6. QYLD
7. RYLD
8. SDIV
9. SVOL
10. XYLD

----------------------------

ETNs - 2:
11. SLVO
12. USOI

----------------------------

CLOSED-END FUNDS - 9:
13. BSO.UN
14. CLM
15. DS
16. EIT.UN 
17. FAP
18. FCO
19. GOF
20. HGLB
21. INC.UN 

----------------------------

SPLIT FUNDS - 9:
22. DFN
23. DGS
24. ENS
25. FTN
26. GDV
27. LBS
28. PWI
29. SBC
30. RS


____________________


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