The whole point of dividend investing is to not search for the current high yielding stocks, which spells trouble anyways, but one where the yield is actually around 3-4% with no intention of cuts.

Thanks for stopping by.

I will be sure to write about the “Smith Maneouvre” in an upcoming post. I take it you are Canadian, eh?

I have email subscriptions turned on as an option via the rss button at the top, but seeing as you are now the 3rd person to mention that I think I will add an explicit subscribe via email…

You’re right, of course. I have about $350K invested in dividend paying stocks, and I’m making a bit more than $10K a year in dividends. All of it is reinvested, so the amounts go up a bit every year. Slow, but steady.

But, I also have a financial planner who set me up in the “Smith Maneouvre” — I leveraged my mortgage to invest in high dividend paying mutual funds. I invested a total of $225K with her, and I get $2,400 a month in dividend income which, right now, is partly paying off my mortgage, partly being reivested in other funds.

I don’t know how they do it, but that’s nearly a 10% yearly return.

Once my mortgage is paid off, I’ll be reinvesting those dividends until I’m in the mood to retire.

By the way, I found your block through CASHMONEYLIFE. I’ll come back, but if you’d like to make it easier for me, add a email subscription.