Rebalancing my TFSA
In today's update of my Canadian dividend investing portfolio, I use Wealthsimple Trade to sell out of an industrial company that I am up 35% on, and reinvest the money into a few different REITS. I am banking on more recovery from the Canadian REITs in the next few months, hopefully that actually happens. Either way though, by doing the trade, my average portfolio yield increased, and hence, my annual passive income which is what I am mostly after. I will be reinvesting the monthly REIT distributions in the future to continue my compounding / dividend snowball effect. 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.