Goals, Plans and Strategies

 Welcome to this Blog!

Do or do not, there is no hope, no try.

I need to build up enough passive income within the next 10-15 years.  Enough passive income so that it will at least contribute to 50% of my retirement income.  For now let's start with $12K / year as the initial goal.

The approach to building up passive income is to generate growing dividends and capital appreciation from a portfolio of public companies traded in NYSE, NASDAQ, or TSX.

Currently I am in the portfolio construction phase.

Portfolio Allocation will be :

90% longer term positions that build up over time.

10% short term trading that is opportunistic.

Initially 10-20 stocks, 50% from TSX.

Most of the Dividend stocks can be classified into 2 categories:

Low yield, High Dividend CAGR - these are good to accumulate for the long term, and they need a long time runway before they can move the needle in terms of income from dividends.  This type of stock, if the right one is chosen, will outperform SPY.

High yield, Low dividend CAGR - these are good for income right now, but have high risk because of the high yield.  This type of stock also tends to underperform SPY.  At most 5% of the portfolio.

Low yield, flat or low dividend CAGR - these are not appropriate for any Dividend growth strategies.