I want to retire early. I want to quit the rat race at or before 45 years old and to achieve that goal, I invest my savings in stocks paying growing dividends. We call that strategy “dividend growth investing”.
May was a pretty calm month. So this post will be pretty short! 😉
I’m currently invested in 5 great companies paying growing dividends. My goal is to reach a well-diversified portfolio composed of shares of 30-50 companies. I also still sit on 8000$ in cash to seize the next great opportunities to invest in a great companies at a fair price. The market is so expensive right now…
I know, I’m still far from reaching my goal of 24000$ in passive income. But things are growing fast from my own point of view. Back in october 2013, I made my first purchase – 200 shares of Jean-Coutu – a well-known canadian pharmacy. It costed me +/-3700 CAN$ to acquire those shares. Since then, I bought shares of Exxon, Mattel, McDonalds and Tim Hortons and I’ll receive fresh dividends from these investments pretty soon.
On may 30th, 20$ has been deposited in my brokerage account from my ownership of 200 Jean-Coutu (PJC-a.to) shares. Since october, I have received 137$ in dividends from Jean-Coutu alone because they paid a 0,50$ special dividend on december 2nd.
Recently, Jean-Coutu announced that they would increase the dividend by 17,6% in 2014. That’s a nice pay increase all things considered!
My main strategy is to invest in dividend growth stocks in order to retire over my passive income. But I also wish to earn income from my online activities. This month I’ve received pennies again… 3,18$. It doesn’t even cover my costs… For now, even though traffic is growing on my websites (I own 3 blogs), the income is not increasing and stay pretty stable. Based on what I read, it usually takes at least 18 months before seeing a significant increase in that kind of income… Time will tell…
Did you receive dividend income in may? Have you bought any stocks even if the market is at all time highs?
[author] [author_image timthumb=’on’]http://quityourdayjob101.com/wp-content/uploads/2014/03/ID-10050051.jpg[/author_image] [author_info]Hi, my name is Allan. I’m the masked blogger. Like you I’m a modern slave, prisoner of a 9@5 job in Corporate America. They told us when we were young that we would live in a society of leisure and that technology would permit us to work only a couple of hours per day. But we live in a society of stress and uncertainty. My situation could be a lot worse and I know it. So many humans are suffering on this planet. But a golden cage remains a cage anyway. At least, I have an escape plan. I will retire before 45 years old over my passive income. This is a dream that is so powerful that I will make sure it happens. To build my wealth, I mainly invest in undervalued dividend growth stocks. [/author_info] [/author]
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