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Stock impact report

Build a Cash-Gushing Passive-Income Portfolio With just $40,000 [Yahoo! Finance Canada]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Building a portfolio that spits out reliable passive income doesn't require six figures or a complex strategy. With just $40,000, Canadian investors can create a steady, cash-flowing machine by investing in a simple dividend exchange traded fund (ETF) or a few hand-picked dividend stocks that offer higher yields, stronger growth, or both. Below is a blueprint that shows exactly how that can be done — and how surprisingly far $40,000 can go when deployed with intention. Investing passively in dividend ETFs For investors who want to keep things simple, the Vanguard FTSE Canadian High Dividend Yield Index ETF TSX:VDY ) can be an easy foundation. VDY targets established Canadian companies that pay out above-average dividends. Naturally, that leads to heavy exposure to financials and energy — sectors that dominate the Toronto Stock Exchange's dividend universe. Top holdings include: Royal Bank of Canada : 15.2% of the fund Toronto-Dominion Bank Enbridge Bank of Montreal Show less Read more
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