The following holdings in our investment portfolio constitute the Roadmap2Retire. Majority of our investments yield dividends and distributions providing us with passive income which is reinvested back, when applicable.

Our goal with the holdings is to own great companies and earn profits periodically as business owners; instead of actively trading stocks in growth-focused companies where profits are unrealized until an investment is exited.

Our investment portfolio is divided into various brokerage accounts including RRSPs, TFSAs and non-registered accounts. All US stocks, funds and ADRs are held in RRSP accounts in order to take advantage of the tax treaty between Canada and US.

We divide our portfolio into three different categories:

  1. Dividend Growers: Stocks and funds which have a track record of increasing their dividends year after year. Stocks in this category normally yield 2-6% and have a dividend growth rate of 4-25%.
  2. High Income: Stocks and funds which have a relatively higher yield and do not usually increase dividends every year. Stocks and funds in this category normally yield 4-7%.
  3. Index Funds: The funds may or may not yield but track an index to take advantage of a broader market’s rise. Funds that we hold yield 1-4%.

Our portfolio diversification is summarized below.




Updated: Apr 21, 2016

Disclaimer: The information provided here is for educational purposes only. All opinions here are my personal opinions and should not be taken as financial advice. I am not qualified to be a financial advisor. Always consult with your financial advisor before investing in any of the companies mentioned on this blog.

89 thoughts on “Portfolio

  1. louise g roy says:

    Have read your articles in the past & enjoy them. As a Canadian living in the US I like to keep abreast of the Canadian economy & good stocks to buy. Thank you.

    • Jay says:

      Just wondering if it would make sense to hold US dividend stocks in a TFSA (after the RRSPs are maxed out). Over time, one could build up a significant account without the need to report the $100K foreign property requirement, as with non-registered accounts.

      The 15% withholding tax on the dividends can be viewed like an ETF’s MER for the US stocks. (say, .5%/annum) The landscape of choosing quality US dividend growers is much larger than Canada’s plus the US portfolio could be transferred in-kind to the beneficiaries (ie children) upon death of the last surviving spouse (assuming the contribution room is available).

      A discount broker that allows a US side account without forced conversions of US dividends to CDN would, of course, be required. I appreciate the exchange rate is a factor but over the long haul, it should all average out anyways.

      Thanks kindly for any comments/advice.

      • You raise some great points, Jay. I think TFSA is a fantastic vehicle – and even with the 15% withholding taxes on US stocks, I think theres a case to by made for holding in TFSA. Ideally, we want to protect our assets, but holding US stocks in TFSA is still way better than holding them in taxable account, where we would have to not only pay the dividend withholding tax, but also capital gains.

        I am not as familiar with the estate planning details – about transferring the assets to beneficiaries – I will need to read up on that. Thanks for sharing your thoughts.


  2. I read this page awhile back. I guess your portfolio inspired me to invest in some dividend growth stock and start to separate high yield from the rest. I’m still building up my portfolio so it doesn’t look as organize as yours though.

    • I am honored to have inspired you building a dividend growth and high yield portfolio. I cant remember your portfolio off the top of my head…will stop by your blog and check it out. Its all about heading in the right direction…I think almost every investor will say that his/her portfolio is a work in progress. So, build away your portfolio! 🙂


  3. eldee says:

    Hi R2R,

    Douglas Kee was on tonigt, BNN Market Call Tonight.
    I am not sure if you saw it, but at the end of the show one of his top picks
    was BNS. His form only op invest for clients dividend growing companies.

    Here is what he said about BNS I would like to share with you and readers alike,

    Scotiabank (BNS.TO)

    “Scotiabank shares have traded down from the $67.00 level earlier this year on margin compression fears, potential rising loan losses from the energy sector and a more challenging retail banking outlook in Mexico and Latin America. Scotia’s new management team has taken action to enhance cross sell opportunities in Canadian retail and wealth management, and has taken action on the international side to cut costs and buy assets to improve profitability. The current yield of 4.2 percent is attractive and Scotiabank has increased its dividend 3 percent this year with the potential for another increase by year end.”

    • Thanks for sharing that, eldee. Really appreciate it. I am not familiar with Douglas Kee – I will have to look him up. Good to hear that the management team is on track to take care of the losses in Latin America – the layoffs and closing a few months ago seemed concerning for some folks…but they have cut there and are expanding in Mexico quite a bit – which I think has some great future prospects.

      Definitely a great yield to start off and the dividend growth will keep coming. Like he says, they have already raised it by 3% this year, the next div increase is expected in August.

      Best wishes

  4. This is an interesting approach: combining DGI with index funds.
    Are you happy with the results? What are the drivers to do so?

    It is my plan to build up an index portfolio and then switch to DGI. The goal is to have a good core portfolio, then have the DGI stocks to have regular income when approaching our FIRE date.

    • Hi Amber,
      I invest in DGI stocks in my portfolio and we use broad ETFs for my wife’s portfolio. Details are shared here: http://roadmap2retire.com/2015/02/building-etf-portfolio/

      Index funds can provide a good way to start off a portfolio – which can provide you with instant diversification and safety. However, I would not recommend waiting until you are close to FIRE date and then switching to DGI stocks for a number of reasons. You might end up buying at market top, or resist simply switching – Ive heard this multiple time from ppl close to retirement that they would switch to DGI, which might sound great in theory – but when it comes to pulling the trigger, most people hesitate. Its almost always a better idea to build a DGI portfolio slowly over time.

      Hope that helps

  5. Pier-Luc Boucher says:


    It’s interresting to see that you can generate passive income with a dividend portfolio

    my question is, do you re-invest these dividend into stocks ? How can you achieve to upgrade your passive income?

    Thanks a lot!

  6. it’s a pretty comprehensive list. It’s a great buying opportunity now. I just can’t get the fact that when the stock was up, people would buy like crazy, then the stock is down, they’d back away from it like the rest of the herds. 🙂 LOL

    • Stocks are probably the only thing that we seem to have a reverse mentality on. Buy when everyones rushing to buy, and sell and get out when things go on sale. I am happy to buy when others are heading to the door 🙂


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  9. Helen says:

    Hello: I would like to develop a portfolio tracking worksheet similar to yours. Does all of the automatically get updated? I would like to see columns for Cost, and Yield on Cost. Have you considered adding these?

  10. Helen says:

    I would like to develop a portfolio tracking worksheet like yours. Is all of the data automatically updated? Personally, I would add columns for Cost, and Yield on Cost. Have you considered adding these?

    • Hi DGB,
      Welcome to R2R. Cash savings vary a bit from month to month – but normally we put away about 15-20% of our combined incomes.

      Your blog is new to me. I will stop by and check it out.

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