Passive Income Canada 2022: How to Live off Dividends Canada

00:00 - Intro
01:16 - Covered Call ETFs and Pros/Cons
06:09 - Selling Options
12:58 - How to Collect $50,000 in Canada of Passive Income
14:09 - Portfolio Visualizer for Backtesting

WATCH NEXT:

DISCLAIMER:
This video is for entertainment purposes ONLY.
I am not a financial advisor. You (and only you) are responsible for the financial decisions that you make.

#canadianstocks #buildwealthcanada2022 #stockinvestingcanada2022

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About Tracy Ma, host of Financial Nirvana Mama:
I help Canadian investors, business owners, professionals who are action takers go from self doubt to confident in building multiple streams of income & wealth so that they can ultimately live their BEST LIFE.

I'm Canadian, former environmental engineer turned real estate & stock investor, featured in Huffington Post, Canadian Real Estate Wealth Magazine, AOL Finance and much more. But mainly I'm a wannabe dancer, fitness enthusiast and mother of twins.

My 1st 'aha moment’ was when I killed my student loans after slaving away at 3 jobs, 70+ hr weeks, and BURNING OUT. I changed my life by investing in real estate & stocks while holding an engineering career, young family (twins) and life. At 35, I built a 7 figure++ legacy so I left engineering + gov't golden handcuffs to live life on my terms.

I'm a super passionate investor living my best life and one of my goals in life is to PAY IT FORWARD by help as many People as I can GAIN time freedom using real estate, stocks & life hacks.
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DISCLAIMER:
This video is for entertainment purposes ONLY.
I am not a financial advisor. You (and only you) are responsible for the financial decisions that you make.

#canadianstockmarket #stockmarket2022 #canadianinvestors

[FinancialNirvanaMama]

Who has Tried Covered Call ETFS? How was your experience?

[arigutman]

Great video, there is nothing like dividend growth investing... Passive income is the way for wealth generation without dispute... Patience + consistency is all we need... Wealth will be built before our eyes!

[aliciapark]

What do you think of sbc stock? Brampton

[whiterabbit]

Selling options doesn't sound all that "passive" for the average individual investor. Great video! Thanks for the warnings.

[Healthyhabits]

So if you invest in dividends the cash gets automatically deposited into your account quarterly?

[hans]

What are your thoughts on HDIF? It sells covered calls on a diverse portfolio. But only on a maximum of 33% of the underlying holdings. Your BMO ETF ZEB sells against a larger percentage. I am quite content to collect on the monthly dividends on HDIF.

[andrewweir]

Would be awesome if you did a joint video on this topic with fellow Canadian Adrian from the Passive Income Investing channel. Would be interesting to hear both of your perspectives on this topic.

[dvbstbc]

Liking it again and commenting cause we need more Canadian YouTubers and women investors! Woop woop thanks

[investinggrind]

You may not get the returns but you will always get dividend payments. I do hold covered calls and I don't worry about the price fluctuations. I do sleep like a baby.

[bangbanggg]

I love HYLD over 11% yield, covered call etf. Leveraged at 25% for upside potential on stock price. Also like HDIV

[michaelrichard]

Hi, thanks for the video.. I have a question, can you do a video about a registered and non registered account, I would like to save taxes however I do not know the difference.

[SSum]

Thanks for the video! It is really practical. Can you share a thought on building a strong portfolio? Especially during this unstable economic situation - for the young people just started investing with small asset like under 50k. What would be a good ratio of investing money into few different buckets? For example.. More into dividend income etfs? Invest more on real estate? Get more stocks as most of stock share price went down last few weeks?

[chessdad]

$50k! Heh heh. I do get a “couple” dividends.

[TheNewSchoolGamer]

Never knew that you could sell options in a TFSA!

[anasbenmokhtar]

Thank you for your Video. It is possible that the ZWB outperform the TD if we consider the compound growth ie, growth + dividends

[thekebon]

NEVER SPEND THE PRINCIPAL, ONLY THE INTEREST 🏦🤗

REPROGRAM THE SUBCONSCIOUS

[bangbanggg]

Only need 450k HYLD for 50k tax free income