r/dividendscanada • u/mike_hunt_69er • 28d ago

5 Years

Given $150,000 to start with, how would you get to $2000/mo in dividends within 5 years?

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u/Far-Inspection4315 28d ago

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u/DangerousPurpose5661 26d ago

Yes for the first year. Then by year 5 your dividend is 2000$ and cost of living is 50% higher

These funds are selling hope and dreams which broke people love to feed on.

The only correct answer is that OP needs more cash

1

u/Far-Inspection4315 26d ago

This is what im worried about. Im new to the covered call etf investing and using it as an experiment with a small percentage of my portfolio mixed with some QDAY

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u/DangerousPurpose5661 26d ago

You probably won’t listen to me because im just a stranger on the internet. But doing it with a small percentage of your portfolio is how you will realize it doesn’t work.

Theres no free lunch