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Wealthsimple | Smart investing 08/18/2022

Trial by fire

Good morning everyone and good evening to you as well

My name is Danial and I’ve been collecting dividends from different companies And they are putting money into my pockets monthly.

I started with the stock market in early 2022 one thing I didn’t know about was Dividence, so I lost money Buying the wrong Stocks because I didn’t know what I know now.

Now what I do is deal with my old Stocks and sell them when they’re at par or above and buy into companies that give dividends monthly.

Dividends are payments made by companies to their shareholders based on the number of shares they own. Dividends are usually paid when a company has excess cash that is not being reinvested into the company. This excess cash is divided up among shareholders and paid out to them.

Can you make money from dividend?

Anyone can make as much money as they want from dividends.

There is no limit to your potential dividend income! But the amount “YOU“ can make from dividends will be limited by two things… First, is the value of funds you commit to dividend stocks. Second, the dividend yield those funds generate.

How long do you have to hold a stock to get the dividend?

From what I’ve seen it takes approximately one month of you buying that stock (read up on the stock before buying) and that’s exactly what I’ve been doing over the last few months, it’s just like tap that is dripping it eventually fills up the bucket and it overflows

These are the stocks that I’ve been buying into:

 MDIV Middlefield Sustainable Global Dividend ETF
 PZA Pizza Pizza RoyaltyCorp
 PID Purpose International Dividend Fund - ETF
 MHCD Middlefield Healthcare Dividend ETF
 RY Royal Bank Of Canada
 SIS Savaria Corp.
 DFN Dividend 15 Split Corp
 DS Dividend Select 15 Corp
 PDIV Purpose Enhanced Dividend Fund
 NKE NIKE CDR (CAD HEDGED)
 ZDI BMO Canadian Dividend ETF
 ZDV BMO Canadian Dividend ETF
 ZDY.U BMO US Dividend ETF CAD
 ZPW.U BMO US Put Write ETF
 TD TD Canada Trust
 AW.UN A and W Revenue Royalties Income Fund
 BNS The Bank of Nova Scotia
 AQN Algonquin Power & Utilities Corp

Dan is inviting you to join Wealthsimple. Get up to $3,000 in cash to trade stocks or crypto commission-free! Use this code C-A0CQ or the link below to sign up
https://my.wealthsimple.com/app/public/trade-referral-signup?code=C-A0CQ

https://wealthsimple.com/invite/ZTQETA

Wealthsimple | Smart investing Wealthsimple is the smart way to invest, trade, save, spend and file your taxes. Do more with your money with our smart financial tools and expert advice.

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