Now, I love smokers!
My goal is to retire early and as such, I’m investing in stocks of great companies paying growing dividends in order to fully replace my income. Philip Morris has been and is a cash cow for its shareholders.
While I’m a non-smoker and while I’m fully aware of the risks that come with smoking (my grand-father suffered from lung emphysema), I also believe that everybody should live and let live.
Smoking is in decline in America. But in many parts of the world, the situation is totally different!
Philip Morris also owns one of the best well-known brands in the world… Marlboro!
I recently bought 12 shares of Philip Morris after its price dipped to 84,95$ yielding me a 4,43% dividend on cost. This addition to my freedom fund adds 12 cents per day to my passive income and brings my dividend passive income to 1,02 US$ per day plus 0,32 CAN$ per day.
My goal is to reach 65 CAN$ per day in passive income in order to quit my day job. I’m now 12 cents closer to it!!!
Okay, I know, it doesn’t sound great but hey… It’s recurring income that should grow at a pace higher than inflation.
Since my goal is to retire at 45, I still have 12 years in front of me to let that income compound. So, my projected 45 years old income expecting an 8% dividend growth is 2,57 US$ and 0,81 CAN$ per day.
Are you a PM shareholder? What are your thoughts on the recent headwinds faced by the company? Do you think it was a good idea to invest in such a company?[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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