Mark was sitting in his kitchen in Calgary, cold coffee sitting on a pile of unopened mail, glaring at his laptop screen. WebBroker was open. Red numbers everywhere. He’d been doing the standard retail investor thing for almost a decade—buying hype, watching the TSX swing around like a pendulum, stressing out every time the market pulled back. Standard stress cycle. Finally he just got sick of it and flipped his approach entirely. He dumped the growth bets and started buying cash flow. Standard, boring Canadian dividend stuff at first—VDY and XEI. Banks, pipelines, utilities. The stuff people use every single day whether the economy is thriving or tanking. A month later, $14.20 landed in his TFSA. Not big money, obviously. But he didn't have to sell anything to get it. Then he added HONE to speed things up. The covered call strategy gave the yield an extra kick, and suddenly the monthly payouts started looking less like pocket change and more like actual money. The real test happened that following autumn when the market fell off a cliff. Old Mark would’ve panicked and panic-sold at the bottom. New Mark just logged in on a Tuesday, saw his portfolio value was down, and noticed his DRIP had automatically bought extra units of VDY and HONE at a heavy discount using the monthly payouts. That was the turning point. Fast forward a couple years. The payouts went from covering a Tim Hortons run, to paying the utility bill, to covering his Calgary property taxes. No fancy trading algorithms. No day trading. Just holding assets that pay cash to sit there
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9 Comments
Sunny Guy@coinspinner · 18d
John HODLing
@hodltillidrop · 18d
Bill Johnston
@billjohnston · 17d
I approve of this message. 🫡
Benjamin Nyamakawi
@benjy · 18d
HONE or HHIS?
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