I get a lot of questions about my income focused investment strategy and aggressive yeild while I’m in my late 20s and still in my accumulation phase. While I am currently focused on building up my distributions my true long term investment strategy is a hybrid approach. What I’m working on right now is a 6 month project that I started at the beginning of June. The goal of this 6 month project is to build up an income portfolio that pays me at least $1000 per month in distributions. At the end of this 6 month project I will stop contributing towards my income portfolio and focus my contributions on XEQT because deep down I’m a firm believer of XEQT and Chill. I will leave the drip on all of the holdings inside my income portfolio and let it continue to do its job on autopilot. My income portfolio will act as a passive income nest egg while my true long term investment strategy will be to accumulate a large position in XEQT. What are your thoughts on this strategy? 🤔
3,320 views
38 Comments
Jenny @penjen · 15d
When I was in my 20s like you, I got bank stocks and dripped to get more shares to not pay commissions and they just grew over time. I also bought tech stocks and they grew but I traded a lot of good ones away or trimmed ones I shouldn't have for worst off investment. So stay consistent and stick to it, ok? Add some good growth stocks in your portfolio... Being hybrid gives you different gains.
Crazy Canuck Investor @crazycanuckinvestor · 16d
I hear you when it comes to not selling shares and drawing down. But - from what I understand the CC stratagy leaves money in the table. And at the end of the day most brokers offer free trading to selling shares is easy and no cost Not saying one idea is wrong or right.
Alessandro @alejcanales7 · 16d
sounds legit. invest in what you have conviction in and for the lifestyle you want. sounds like you're doing that
Kar Yung Tom@karyungtom · 16dEdited
I am also with @alejcanales7. Anything can make sense as long as you have conviction in its return profile. The mistake other people can make is that they think the yield is stable when it is still an equity position. Unless it’s a GIC type thing, $1,000 in perpetuity is not guaranteed, but it sounds like you know what you’re doing. I don’t really agree with your “highest possible returns on paper” comment though. The goal for a lot of us regardless of strategy is to have good expected returns. Even just assuming a future stable yield is making a theoretical assumption.
See the full comment section 👀Sign up for the full Blossom experience!
