The objective: to provide long-term capital growth and passive income by investing in a diversified portfolio of dividend income-producing Canadian securities.
Part of my investment strategy:
1. Own the same companies the big dividend mutual funds and ETFs own.
2. Avoid money management expense fees.
3. Reinvest most dividends paid each month and quarter to buy more stock using dividend reinvestment plans.
Some holdings the big dividend mutual funds and ETFs own:
My investment strategy when equity markets fall: buy stocks.
My investment strategy when equity markets rise: hold stocks.
My long-term goal: $30,000 in passive income to help pay for retirement expenses.
Passive income earned in 2008: $0.
Progress made towards passive income retirement goal: 22%.
The journey continues next month… 🙂