Introduction to Passive Income Living and Financial Independence
In this informative video, Colton Luke shares his strategies for achieving financial independence and discusses his dividend portfolio. He begins by introducing his channel, Passive Income Living, where he covers topics such as real estate investing, stock market investing, cryptocurrency investing, financial literacy, and financial independence. Colton and his wife were able to achieve financial dependence by the age of 28 and share their knowledge to help others reach their financial goals sooner.
Moving on to the dividend portfolio update, Colton provides a detailed overview of his and his wife’s TFSA (Tax-Free Savings Account) portfolios. In his personal TFSA, he mentions that not much has changed, except for selling some positions and investing in HMAX due to a decrease in the price of the stock. He emphasizes the transparency of his channel by showing both the portfolio composition and the dividends received on a monthly basis. His personal TFSA currently holds $92,971 with an average yield of 12.30%, generating $952.66 in dividends.
Regarding his wife’s TFSA, Colton mentions that she added YTSL to her portfolio and emphasizes the importance of thoroughly researching the ETFs held within the portfolio. He explains that they have started buying ZWK, a U.S. Bank ETF, which is composed mainly of big core U.S. banks. He believes this ETF is a significant discount due to issues in the regional bank sector. Her TFSA currently holds $77,284 with an average yield of 12.18%, generating $796.81 in dividends.
Moving on to the overall portfolios, Colton reveals that they have a combined investment of $456,000 with an average yield of 12%. They also have $4,000 in cash. Although the dividend income was slightly affected by a dividend cut from HYLD, they are close to reaching their target of $4,600 per month, with $4,559.43 currently coming in each month from dividends.
Colton concludes the video by sharing the dividends received in the month of May. He highlights the power of investing in dividend stocks and ETFs, emphasizing the consistent passive income generated from these investments. He expresses his gratitude to viewers and encourages them to like the video and subscribe to his channel for more content related to real estate investing, stock market investing, financial independence, and early retirement.
A Detailed Overview of Colton’s Personal TFSA Dividend Portfolio
In this chapter, we will delve into the specifics of Colton Luke’s personal TFSA dividend portfolio. As a YouTuber, Colton shares his strategies for achieving financial independence and provides valuable insights into his investment journey. With a goal to assist others in reaching their financial goals, he openly discusses his portfolio, showcasing its composition and the dividends received.
Colton begins by highlighting that not much has changed in his personal TFSA portfolio, except for a few adjustments. He mentions selling some positions and investing in HMAX due to a decrease in the stock’s price. This flexibility to adapt to market conditions is an integral aspect of Colton’s investment approach.
Transparency plays a crucial role in Colton’s channel, Passive Income Living. He believes in sharing both the successes and challenges he faces in his investment journey. With this mindset, he displays his portfolio composition to his viewers, allowing them to follow his progress firsthand.
At the time of the update, Colton’s personal TFSA holds a total value of $92,971. This impressive amount has an average yield of 12.30%, generating a monthly dividend income of $952.66. These dividends contribute significantly to Colton’s overall passive income, moving him closer to his goal of financial independence.
Transitioning to his wife’s TFSA dividend portfolio, Colton focuses on the recent additions and highlights the importance of thorough research. He mentions that his wife has added YTSL to her portfolio, demonstrating their commitment to diversifying their holdings. Colton also mentions their new investment in ZWK, a U.S. Bank ETF primarily composed of established U.S. banks. He believes this ETF presents an excellent opportunity due to the decline in the regional bank sector.
With a total value of $77,284, Colton’s wife’s TFSA shows a substantial average yield of 12.18%. The dividends generated from this portfolio amount to $796.81 per month. Combined with Colton’s personal TFSA, their TFSA dividend portfolios contribute significantly to their overall financial independence journey.
The chapter then moves on to discuss the overarching combined portfolios of Colton and his wife. Together, they have invested a total of $456,000, with an average yield of 12%. Additionally, they hold $4,000 in cash, providing liquidity for future investment opportunities. While the couple faced a slight setback with a dividend cut from HYLD, their portfolio continues to generate a passive income of $4,559.43 per month, nearing their target of $4,600.
Colton concludes the video by highlighting the dividends received in the month of May. He emphasizes the power of dividend investments, as they consistently produce a passive income stream. Colton expresses his gratitude to his viewers and encourages them to engage with his content by liking the video and subscribing to his channel.
The insight into Colton’s personal TFSA dividend portfolio offers valuable lessons and inspiration to viewers. By sharing his experiences and providing a transparent view of his investment journey, Colton creates an atmosphere of learning and growth, assisting others in their pursuit of financial independence.
Insights into Colton’s Wife’s TFSA Dividend Portfolio
In this chapter, we will take a closer look at the dividend portfolio of Colton Luke’s wife in her Tax-Free Savings Account (TFSA). Colton and his wife have been able to achieve financial independence at a young age, and they are sharing their strategies and knowledge to help others reach their financial goals sooner.
Colton begins by providing an update on his personal TFSA dividend portfolio. He mentions that there haven’t been many changes in his portfolio, except for selling some positions and investing in HMAX due to a decrease in the stock price. He emphasizes the transparency of his channel by openly sharing the composition of his portfolio and the dividends he receives on a monthly basis.
His personal TFSA currently holds $92,971 with an average yield of 12.30%. This portfolio generates $952.66 in dividends each month. Colton’s consistent and passive income from his dividend investments is a testament to the power of dividend stocks.
Turning our attention to his wife’s TFSA dividend portfolio, Colton reveals that she recently added YTSL to her holdings. He highlights the importance of conducting thorough research on the ETFs held within the portfolio to ensure they align with the desired investment goals.
Additionally, Colton mentions that they have started buying ZWK, a U.S. Bank ETF, in his wife’s TFSA. This ETF is mainly composed of big core U.S. banks and is currently trading at a significant discount due to issues in the regional bank sector. By strategically adding this ETF to the portfolio, Colton and his wife aim to capitalize on potential future growth and income opportunities.
As of now, his wife’s TFSA holds an impressive $77,284 with an average yield of 12.18%. This translates to generating $796.81 in monthly dividends. The careful selection of dividend stocks and ETFs in her portfolio showcases their commitment to creating a sustainable and growing source of passive income.
For the combined portfolio, Colton shares that they have a total investment of $456,000 with an average yield of 12%. In addition to their investments, they also have $4,000 in cash. While their dividend income was slightly affected by a dividend cut from HYLD, they are steadily approaching their target of $4,600 per month. Currently, their combined portfolio generates $4,559.43 in monthly dividends.
Colton concludes this chapter by emphasizing the power and benefits of investing in dividend stocks and ETFs. He highlights the consistent passive income generated from these investments, which is crucial in achieving financial independence. Colton’s dedication to providing valuable insights and guidance in the world of real estate investing, stock market investing, financial independence, and early retirement is commendable.
Make sure to stay tuned for the next chapter, where we will explore an update on the combined portfolio and dividend income progress.
The Combined Portfolio and Dividend Income Update
In this chapter, we will delve into the combined portfolio and dividend income update shared by Colton Luke in his informative video on achieving financial independence through his dividend portfolio. Colton and his wife have successfully reached financial independence by the age of 28 and are now sharing their strategies and knowledge to help others achieve their financial goals sooner.
To begin, let’s take a closer look at Colton’s personal TFSA (Tax-Free Savings Account) dividend portfolio. Colton mentions that not much has changed in his portfolio, except for some selling of positions and investment in HMAX due to a decrease in the stock’s price. Transparency is of utmost importance to Colton, which is why he provides viewers with insights into both the composition of his portfolio and the monthly dividends received. Currently, his personal TFSA holds $92,971 with an average yield of 12.30%, generating $952.66 in dividends.
Moving on to his wife’s TFSA dividend portfolio, Colton reveals that she has added YTSL to her investments. He emphasizes the significance of thoroughly researching the ETFs held within the portfolio. Colton also mentions that they have started purchasing ZWK, which is a U.S. Bank ETF primarily composed of big core U.S. banks. According to Colton, this ETF is currently at a substantial discount due to issues in the regional bank sector. As of now, her TFSA portfolio holds $77,284 with an average yield of 12.18%, generating $796.81 in dividends.
Now, let’s explore the combined portfolios and the overall dividend income. Colton reveals that they have a combined investment of $456,000 with an average yield of 12%. Alongside their investments, they also hold $4,000 in cash. Although their dividend income was slightly affected by a dividend cut from HYLD, they are steadily progressing towards their target of $4,600 per month. At present, their combined portfolios generate $4,559.43 every month through dividends.
In conclusion, Colton emphasizes the power of investing in dividend stocks and ETFs for generating consistent passive income. He highlights the success they have achieved in reaching financial independence and expresses gratitude to his viewers. Colton also encourages viewers to like and subscribe to his channel, Passive Income Living, for more valuable content related to real estate investing, stock market investing, financial independence, and early retirement.
This chapter provides a comprehensive overview of Colton’s dividend portfolio and the progress he and his wife have made towards financial independence. By sharing their strategies and insights, they aim to inspire and assist others on their path to achieving their financial goals. Stay tuned for more chapters in this series, exploring different aspects of Colton Luke’s strategies for financial independence.
