Dollar Cost Averaging into Canadian Dividend Stocks
In today's update, I go over my Canadian dividend stock portfolio. I have about $10,100 in stocks in the Wealthsimple Trade account, and buy about $500 worth more in this video. Everything in the account is a Canadian stock that pays a dividend. I like dividend stocks because of the cash flow that is generated in addition to the growth of the actual stock price. Even if the stock is losing value at the moment, it's still paying dividends. You can get the Dividend Tracker Google Sheet that I use in the video here.
If you are Canadian and want to start buying dividend stocks, Wealthsimple Trade is a really easy and convenient way to start putting aside some money. You can even buy one stock at a time for just a few dollars. If you have $100 to invest, you can use this link, and they’ll add $10 your account as a bonus. Immediate 10% ROI... not bad! If you already signed up for Wealthsimple Trade, you can still claim the $10 with this code: BL5OIW
Disclaimer: I am not a financial professional or advisor. Nothing on this website or the associated social media accounts constitutes financial advice. I'm just documenting my own investing journey and don't suggest that you do the same. Investing is risky, so make your own decisions or hire a qualified professional make them for you.
I'm documenting the growth of a Canadian dividend investing portfolio and make videos about dividend investing, Canadian stocks, Wealthsimple Trade, Google Sheets, personal finance, and passive income.