I woke up this morning looking 10 years out into the future with great hopes of retiring and wondered what my dividends would pay me. I opened up an excel sheet and looked at my income projection for the next year. Whenever I do this I get a little irritated because I always feel like I can do better.
I went through different scenarios this morning one had me selling all but 1 stock (ZWB). It was a lunatic thought that I would sell everything and rely on this one this stock to pay me a monthly dividend but these are the things I think of.
This past week dividends came in for BCE($1423.13), CPG ($35.19) and Canmarc ($23.75). My bank shares come in at the end of the month for another $530 for a total of $2012.07 minus interest on margin of $555 for total of $1457.07. As you can see my interest is a killer; one of my biggest motivators of that crazy thought I had earlier to sell everything and live without margin. If I did that, I would have a montly income of $744 from that one stock.
