3 Dividend Stocks I'm Buying Every Week
Only open this if you’re serious about achieving financial freedom
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Tweet of the Week
This is an extreme example of what dividend investing can do for you. But a great lesson that sticking with it over a long period of time can create massive amounts of wealth.
Weekly Market Update 🗒️💡
All 3 major indexes locked in weekly gains with the Dow rising by 0.66%, the S&P adding 1.01%, and the NASDAQ up 2.02%
Utilities
Utility stocks had a rough week, bringing down the S&P 500 sector by more than 2%.
As of midday Friday, the sector has been the worst performer in the index for the week, day, and year. It is now down more than 5% since the start of 2023.
EVs
Electric vehicle stocks rose on Friday as Ford (F) shares lost close to 4% after postponing its production targets. They have made it clear that they expect slower-than-anticipated EV adoption. Slow or not, the adoption is coming. It’s not a matter of if, but when.
Earnings
We’re more than halfway through the 2nd quarter earnings season and here’s how some of the largest companies are performing.
Of 254 companies that have reported earnings (51% of the index), 79% have beaten expectations, with 63% beating revenue estimates.
This is a great sign for investors and momentum is starting to build.
What recession?
How I’m Growing My Annual Income Every Week
The sun began to shine way brighter over my life when I realized that…
Income is for sale.
Companies will pay you to hold their shares. Some of them will even pay you a growing amount every year, as a reward for being a shareholder.
This was a complete mindset shift for me.
So I can use my active income, which I traded my limited time and energy to earn…
To buy unlimited passive income, which requires zero time and energy to earn?
Yes.
That’s the magic of dividend investing.
It’s a game of accumulation.
One where whoever holds the most pieces of the pie wins.
But unlike a hot steamy delicious piece of your grandmother’s pecan pie…
This type of pie will grow larger and become tastier the more you hold onto it.
So, with just a few taps on your phone screen…
You become a shareholder in some of the largest and most powerful companies in the world.
When I learned this 8 years ago, I made a promise to myself:
I will not let a week go by without increasing my passive income.
No matter if it’s $500, $50, or even $0.50, my income will constantly grow every 7 days.
This is a huge promise.
Why?
Because it takes a whole lot of discipline and commitment.
Which, to be quite honest…
Most people don’t have.
But you?
You proved you’re on the right path when you subscribed to this newsletter.
However, the truth is…
You’re not going to just wake up tomorrow morning with your dividend portfolio paying you a full-time salary.
The average pre-tax income in Canada is about $72,000.
To earn this in dividend income every year, you need about $1.8 million invested.
But before you get scared of the thought that you don’t have $1.8 million to invest…
Let’s talk about the compounding effect.
For example, let's say you invest $1,000 with an annual dividend yield of 5%. At the end of the first year, you'll have $1,000 + 5% (of $1,000) = $1,050.
*Note: We’re not taking share appreciation into consideration.*
In the second year, the 5% interest will be calculated on $1,050, resulting in $1,102.50, and so on.
Over time your money will grow faster and faster, allowing you to earn more on top of previous earnings.
Which means that the more money you have invested, the more money you’ll make.
Now…
A $1.8 million dollar portfolio may seem far out of reach for you when you only have a few $100s invested.
But as you keep investing and taking advantage of the compounding effect, you’ll soon have a few $ 1,000s invested.
It’s no secret that the first $100,000 is the hardest to get.
But once you get there?
The second $100,000 comes faster.
Then the third $100,000 comes even faster.
This is because money makes money.
Which is why the rich get richer without really having to do anything except put their money to work for them.
That’s why I promised myself to not let 7 days go by without increasing my passive income.
The same goes for you.
Every time you increase your passive income, you’re getting closer to quitting your exhausting job.
The more you contribute to your investing account, the more you earn, and the more significant a 5% return becomes.
Put it this way:
A 5% return on $1,000 is only $50.
But a 5% return on $100,000 is $5,000.
With that example alone, you can see how the snowball really starts to pick up speed as you increase your contributions.
Now that you understand the basics behind building a massive dividend portfolio and the reality that it’s simple to achieve…
Get ready to discover the top 3 dividend stocks I’ve committed to buying every single week to grow my passive income, so I can quit my job and spend more time with my family…