Leave a comment telling us what your favourite dividend stocks are 😀😀

I bought my first Royal Bank of Canada shares in early 2000s. I was getting a 3.8% yield in dividends then on these Royal Bank shares. A 2-for-1 split and a number of dividend increases later, I am now getting the equivalent of 16% yield in dividends annually from my original investment. This is in addition to having collected the dividends all these years. The capital gain has been phenomenal. I can tell the same story for TD Bank and to a somewhat lesser degree the same story for other Canadian banks.

The best book on this is "Single Best Investment" by Lowell Miller. It explains about finding and tracking the companies that give dividends. Also, the secret is compounding. By starting young, you will end up wealthy. Also Norm, you didn't talk about the difference in taxation between fixed income and dividend income. It can make a big difference. Thanks for your great vlogs.🤙

Love this video. I have been investing in high yielding stocks like Utilities and Oils. My Dividends and Interests each year pays for my travels. LOVE IT. Great video. LIKE #82. 👍👍👍👍

Hi, I just recently started watching you. You guys are amazing and i love all your advice. We are about 24-36 months from retiring which will bring me 57-58. I find your advice, especially in this particular video invaluable. You have definitely got us thinking about our home situation now LOL. Thank-you and all the best!

I just retired after a heart attack and I’ve been so worried that I wouldn’t have enough money to get by on. But after watching your videos, I realize I have plenty or at least enough. My Social Security, Pension, stock growth plus some dividends almost covers my expenses. Plus if I take $500-1000 from my portfolio every month, it will take me 30 years to run out of money (assuming no growth from here forward). So I understand now thanks to your various videos and I’m much more relaxed and relieved now. The only thing I can’t foresee is inflation cost increases. Thanks for your insight Norm and Tina.

"Eat the apples, don't cut down the tree". I'll have to try and remember that one.

One of the companies I was working for decided to close and we had stocks in the company. They told us that we could take our money out and invest it ourselves or leave it there and they would pay us guaranteed 6%. Well back then in the 80’s 6% was lousy but now and the past few years if you got 6% you would be very happy. I left mine in there so I have just over $720 monthly. Not bad. Thanks for the video guys. Cheers!!!

Just found your channel. Really enjoying as i will be retiring in 1 year and you have given me lots to think about. So i have been watching quite a few everyday. Keep up the good work

I’ve been binge watching your channel. It wonderful that you guys are letting us learn from you. I wish I was better prepare than I am now. I just turn 61 in December. I just have $1000 in bank for emergencies. Was planning to retire at 62, decided I need to wait two more years till wife wants to retire.

You are being spot-on as always. We love how you put things in simple terms that can really open people's eyes to how it works. $50k just to pay for the bank fee. That was great! We really enjoy these videos. Thank you! ❤️👍👏 Donovan & Jodi

The education you give is great. I've seen several investing videos that you've posted. I've begun to understood about investing for the first time. I had fear of doing it wrong or hesitancy because I didn't have that much to invest. Mostly I didn't want to lose my investment. But all of that equals not understanding what to do. Thank you for giving me an understanding of what I can research so I can begin investing.

What a fantastic eye opener video, I do have money just sitting in a bank savings account barely making anything for years should have invested in dividend earning stocks but when you have no clue and like Tina said being afraid of the stock market you just don’t do anything….Thanks guys appreciate it so much

This is very good advice. But I have to remember what my financial advisor said, "every situation if different," for the individual participant. The trick is learning from your mistakes. Best wishes to all!

What a wealth of information. So easy to follow and understand. It was a joy to watch you both. Mike and I hope you are well.

Hey guys…yes the banks are going to be a safer bet. Definitely better than saving accounts. Great vid guys!…Like 80 🙂 Happy to support

8:25 Dividend % usually refers to annual rates. BMO has dividend ETFs, for example ZWB, ZWC, ZWS, ZWE

If a company goes bankrupt, stockholders lose everything. Bondholders become the new owners and thus usually get most of their money back either from assets which by definition are sufficient to pay back the creditors - ie a company goes bankrupt just when it looks like they can't pay back absolutely everything. So most of the assets are still there unless it's fraud. But stock price is zero during bk. Senior bank bonds are actually safer than bank deposits, which is basically the most junior of the debt (cdic insurance has only so many funds) Another financial crisis and those bank stocks are toast

Good advice as always, love how you keep it simple. It doesn’t have to be complicated, and I like that you keep it that way. Enjoy the mini heat wave while it lasts.

You need to discuss how CPP will claw back money when one spouse dies, but living expenses are almost the same. I'm a widow and haf to experience this first hand.

We also feel like with our lifestyle we spend a lot less than if we were stationed in one place, so that is helpful as well

Dividend investing all the way. I’m diversified in great American companies. I have two Canadian stocks though one bank RY and owners of Burger King.

Great video... Love dividends. I only buy stocks that pay dividends. Got really lucky with one and it's up over 230% since early this year. Most are bank and utility stocks though. Best not to micro-manage them and let them grow. Also have a TFSA as well. Cheers guys

Great Video as always, we love watching your content, always filling us with information ℹ️👍🤩 Hope your both keeping safe & well, have a nice weekend & stay safe 🥰🇬🇧🤗xx

Another great video Tina and Norm.....I always look forward to your videos. Enjoy this sunny weekend we're having in Ontario. Take care!

Great video guys I love the FIRE movement - fellow KZfaqr

It is crazy when you look at it from that perspective

I literally just started very little in stocks. Been reading up on dividend stocks. Great info!!!

Dividends are great because they over returns without taking your stocks out

I have enjoyed your video very much. Specifically the outliving the savings part. Thank you!

Good program guys! Really like you all!!

Very interesting Norm and Tina. I have never invested in dividends, the majority of our investments is in property. Leaving your savings in banks has poor returns. Enjoyed this video. Have a great day 🙏🏽👍🏽🤗🇦🇺

I have found that if I like a company's products or services, I often like their stock's balance sheet. After doing my own due diligence and personal research.

Hey Tina and Norm! Love your outfits today both of those colors look so great on you both. That's crazy you are having a heat wave up there, today in LA, it's been rainy and cold, and windy. So we guess we switched weather for the day LOL!! Great video topic today on Dividend Investing.. it was cool to hear about the DRIP as well and about the list of Aristocrat Stocks. Do you guys do all of your own investing and not use an investor? We have an investment that takes care of all of our stuff. Here we have the same thing, you have to pay a fee to have a checking or savings account. Most of them just require you to have a minimum balance of like $1200 for checking and $2500 for savings and you don't have to pay any monthly fees. Butters remembers in Canada paying monthly fees. So annoying. Yes, October was not good for the market, but thank the Universe that November is doing better **Knock on wood** LOL!! We have heard the same thing, that people are always scared of getting into the market, and think that it's risky. But once you're in it for a while, you don't feel that way anymore. It just takes getting used to the highs and lows and riding the waves comfortably. Everyone does worry about running out of money in retirement, and we have heard about that 4% rule in the past that you won't run out if you only take out 4% a year. Love that philosophy... Eat the apples, don't cut the tree down. Living frugally does become a part of your lifestyle and you really don't notice a difference except you have more money than when you were blowing it all on monetary items. LOL!! Great video and love you guys to the mother effin' moon and hope you're having a great weekend!! :)

Great overall information. However in regards to bank fees ensure to present accurate information. TD bank for instance has accounts with fees ranging from $3.95 per month with 10 free transactions to $16.95 per month with unlimited transactions. These fees are waived if you maintain a balance of $3000 and $4000 respectively. However, bank fees are not the reason you should Not keep your life’s savings in the bank (keeping 3 - 6 months of expenses in an account for quick liquidity is wise though). Inflation is higher than the 2-3% we are led to believe so your money in a bank account or under your mattress actually loses purchasing power. So yes, good quality dividend paying Canadian Aristocrats stocks for long term hold is one piece of the retirement planning pie. Love your content. Cheers.

Really informative video. Kind of wish I had had this knowledge years ago. I’m going to forward your video on to a couple of people that I think this would really help. 🙏🥰🏴󠁧󠁢󠁷󠁬󠁳󠁿🍷🍷🍷

Agree life is risky by itself, but the stock market can be good when doing it smartly and responsibly

Always learning something new from yinz ty for sharing the great information enjoyed it sledgehammered that like button stay safe awesome and blessed

Great info well presented. They should have you go into high schools and tells kids about finances. Same rules apply with slightly different goals.

The theory is simple. If you can't beat'em, own'em.

I had no idea about dividends until just a few years ago, so... I sort of messed up, but, now I have a few and they are fun! Here in America, many will get much poorer when they age, and perhaps not be able to stop working, not getting much from social security or anything else, it is sad.

As a senior with BMO, if your account balance is greater than $6000 per month in your primary account they waive your fees and you still get full Air Miles points as well. If you miss a month and end up with less than $6000 in your account they charge the reduced seniors rate of $13.95 for that month. We just went through these changes. Liking your train of thought though.

Thanks for your videos. I'm surprised you didn't mention the tax advantage of Canadian dividends over interest. Assuming 20K income and 20K in either dividends or interest, the difference would be about $4500 less in tax (!)

Dividend invest is one of the best passive incomes! You have to do nothing for the money! Earn while you sleep!

Sounds like quality dividend stocks at 5-6% are a great place to invest a lot of the equity of a house sale. Combined with QPP/CPP and OAS it's definitely enough for me, especially where I'll be retiring.

Don't pay bank fees! Just don't do it. If you can't maintain the min balance to get no fee banking, 3 to 5K typically, move your account to an on line bank . And yes dividands are a good alternative to strait deposits. And yes stick to widows and orphans stocks.

@5:13 super good idea and logic is completely agree with that, thanks for sharing those life tricks!

Great guidance as always, my friends 👍. Thanks for sharing and enjoy your day 😀.

Great video! I agree that folks should include dividend stocks in their portfolio. There's a lot of great companies that do pay, along with many that don't pay dividends. Limiting oneself to just 1 type of stock might not be a great idea (mainly the younger crowd), as you want to take advantage of a mix between dividend growth and stock growth. With capital gains being taxed the most efficiently in canada so far, (there's talk of moving the 50% taxable rate to 75% on capital gains) having a mix even in retirement could be tax beneficial. With the core income being the dividends, any extra income could be taken from non-dividend stocks with good growth that year. The plus side is that if the growth stocks are left alone, those potential taxes keep being deferred until you do sell. The unfortunate thing about large dividend income is that if you re-invest any surplus for the year back into stocks (even via DRIP), you still pay taxes on those dividends. This could end up being the case as time goes on and the payout becomes larger & larger, since dividend growth % is usually higher than the rate of inflation. The main way around that could be to invest the dividend surplus into an RRSP (if younger than 71) to defer those taxes. Since dividends are taxed lower than normal income, investing those dividends into an RRSP should actually give a tax refund since RRSP contribution refunds are based on normal income tax rates. The other option I guess could be to just put any extra dividends into the TFSA (if not maxed) and just let that surplus now grow tax free. It's crazy that the big banks charge folks a fee to have a checking account in today's age unless you have X funds sitting idle or you have multiple products through them. Same goes with these high rewards credit cards. They want anywhere from $40-$700 / year for a credit card, but then charge 20% or more interest rates!

What a fantastic vidio. Really enjoyed watching your vidio. Hope you have a great Thursday. Many thanks from Chris 🎈👍

Thank you Tina and Norm. Great info!

Thanks for ALL your videos. It's good to hear your tips

I'll add to the ZWC, ZWB, ZWU, it is compounded monthly,

What a run these stocks have had over the last few months. Very good advice at the time. Can't say any big lump sum commitment would be wise now. Look for a pullback and as an American there is the 15% Canadian withholding tax😊

And put the Cnd dividends in your TFSA! US in RRSP.

Money in banks : u must be mad ! (LOL ! !) - - - under the mattress, it must be ... hehe.

Wow this is exactly what I was looking for .. I can see that soon u will have 1 million subs and it income from KZfaq will b more than dividends

Wowwww. Amazing and interesting channel😍😍. Love this video👍👍. Thanks for sharing this video💞💞 and Please stay connected always🤩🤩. See you around 🙏🙏

Hi, this is exactly what I've been thinking about a lot lately. Totally sensible plan.

Excellent discussion. Thank you for sharing.

Awesome information as always my friends. Your tips are always showing us new ways to better invest. Brilliant.

Thanks for all your tips. I appreciate and enjoy listening your channel. Thank you!

great share, very helpful, like

Thank you so much for always giving us ideas 🤓

thank you very much for all your advices.

Great video! My mom’s expression was “Don’t kill the cow, just keep drinking the milk.” A question if you don’t mind, along the theme of using the dividends to top up your income from government monies from CPP and OAS, how does the dividend income affect those thresholds? Or maybe the question should be how do you keep that dividend income from affecting your ability to qualify for your “poor” status (as you referred to it in a previous video) 🤑😀.

Wonderful couple wish you all the best and ✌️ from Dubai

Thank you for your sharing!

You missed the biggest benefit of high quality dividend stocks is that these companies regularly Increase their dividends annually more than the inflation rate which means your income received increases every year = + +

Interest rates are in a all time low where I am too!! Great points you make and bring up!! Love the content!! Subscribing for more!!🙌

Thanks for your balanced approach. I think the fear of running out of money and being a burden to family is a big one that keeps our nose to the grindstone longer than needed.

Wow! Bank fees sound crazy in Canada! We have 0 fees for seniors in USA!

Heat wave in Canada? Great content, thanks for sharing tips on dividend investing. Like your work.

great advice and information thanks so much for sharing take care

Check your local credit union for senior account fees .

Change your banking to online banking . no fees

Have loved all your videos. How about telling us about yourselves, what you did before retirement, etc. got to know you are real. Carol & Gerry

I really enjoy your videos. I was wondering what platform you use for dividend investing and do you do it through your TFSAs? You mentioned $20,000 at 5%, is this your total amount for investing or do you invest in other areas as well? I know from previous videos you mentioned maxing out TFSAs and placing cash in a higher interest bank account but do you do anything else for income outside of the "side hustle" and government pensions? I was looking into Questrade and Wealthsimple but was curious as to what you were using and what you thought of it. Keep up the great videos.

I use my dividends to buy my annual TFSA contribution and don’t forget the Federal and Provincial dividend tax credits for your income tax reduction

I gather you manage your own portfolio.

Hello Norm and Tina. Thank you for sharing your experiences. I find value in your sharing your journey. Thank you. Would love for you to also share: 1. What was the journey like regarding shifting from being savers to spenders; 2. What all did you experience (e.g. emotionally) from the time you decided to retire to actually feeling settled with being retired and what helped you make the shift; 3. How did you know when to it was "enough with the work" and that it's time to make the change? e.g. Was there a point in time, did something happen, that led to your decision? Thank you for your consideration.

Amazing dear❤️❤️

Excellent info, thx!

My bank waives the service charges if I carry a balance and we have a senior’s exemption. This is also because we have our investments with a division of the bank and have a financial planner.

Very good advice my friends ...I am surprised how well the Stock market is holding up..

I prefer to invest into index funds as apposed to individual stocks, much safer in my oppinion.

You too stay safe !

Catching up, we have been off again. Luckily our bank does not charge directly when there is a minimum balance. They obviously make their money from us but not in charges.

Thank you for this great tutorial on dividend investment for retirees. One question. How will the dividend withdrawal be taxed when in retirement? Assume the investments are in an RRSP account. Thank you and best wishes

Wow heatwave in November? Crazy world we live in Yes, love the videos you make about passive income

Great job!

Great information I like it😊

Thanks for all your great advice! I'm wondering; dividend income you use for living expenses, do you have to report it to the government as income? How do you know how much you can take out before you lose GIS. Are side hustles worth it if that income also has to be reported?

great enjoyable channel & thank u both.. do u arrange the purchase of these stocks? if so what platform do you use? or do u use a broker to handle it all for you? thanks & kind regards

Because when I put my money into. Bank acct it is federally insured. When I put it into a bank stock it is not insured as well as dividend cuts like we saw with WFC.

Nice

I have no fees on my accounts at both Scotiabank and T.D. Seniors account, the fee is charged and then returned at the same time once per month. Mind you they are banks so the day will come when this offer will be withdrawn and they will charge the fees regardless! ☹️ good tips on aristocrat stocks. How do you feel about etf’s ? Bmo looks good. I also have the visa infinite card with no yearly fees (however there usually is)which offers lots of perks such as travel insurance, car rental insurance, cash back on purchases.

Would love to know are there things you simply cut from your life when you Fired?

good to know!

What percentage of your dividend stocks are held in your RRSP? And how much in your TFSA?