I am going to pull aside the curtain and show you my entire stock investment portfolio.
I will log into my brokerage accounts and show you the value of everything – what I own, what I buy, the dividends that I receive on a monthly basis, and my overall investment mindset.
My intention in sharing this information isn't to impress you. Rather, I only want to educate you.
Are you ready to learn how I generate $8,000 per month passive income from stocks alone? In the words of Warren Buffett, “If you don't find a way to make money while you sleep, you will work until you die.”
Watch the video below:
(Click here to watch on YouTube)
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If you want to create wealth, build an investment portfolio.
One of the most common questions I get from people is how to invest money. Everyone wants to make more money, but not everyone knows how to do it. Statistics show that if you do not start saving until 45, you will need to save three times as much as if you start at 25. Shocking, right? There is no better time than today to start investing.
Two years ago, I shared my $1 million dollar stock investment portfolio, which received over 163,000 views on YouTube. I’ve had a lot of people ask me for an investment update. Since filming that video in June of 2016, I've been able to grow my stock investment portfolio to over $3.5 million Canadian dollars.
Before I dive into my investment portfolio, let's talk about the mindset that I have adopted when it comes to investing. When it comes to my investment mindset, I'm a long-term, conservative investor. I got into the investment game when I was 18 years old.
I read investment books like, The Wealthy Barber: Updated 3rd Edition: Everyone's Commonsense Guide to Becoming Financially Independent, that emphasized the importance of paying oneself first. This is a technique that people use for saving and investing more money.
The idea is that no matter how much money that you make, you always take 10% of it and invest it. If you do that, over time, that money compounds. When you have time on your side, whether it's 10, 20 or 50 years, a small amount of money can turn into a significant amount.
I've always believed in that investment philosophy, and I still practice it to this day. As Paul Samuelson once said, “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”
The question is, “How did I turn a $1 million investment portfolio into a $3.5 million one in less than two years?”
In the video above, I share my computer screen with you and take you through my personal brokerage accounts.
This jump didn't happen due to capital appreciation or gains. Unfortunately, it doesn't work that way. I've been earning more money in my businesses, I've been investing more into different stocks, I've been getting a great return from my investments, and I receive dividend payments from my investments on a monthly, quarterly or annual basis.
Online businesses are the easiest and fastest way to generate a large amount of money. I use the businesses that I have in order to generate cash flow. With that money, I invest it into my conservative investment vehicles that can grow and compound over a period of time. I do have some risky investments, but for the most part, 90% of what I do is conservative.
I believe in creating an investment portfolio that is diverse. This is why I invest in things like cryptocurrencies, stocks, real estate, and mutual funds. That being said, the majority of my wealth is invested in different stocks. The reason why I like stocks so much is that you can achieve a lot of diversity from them.
A lot of people think that all stocks are risky, but that's not true. I like to invest in blue-chip and bank stocks because they are stable. For example, The Bank of Montreal in Canada hasn't missed a dividend payment in over one hundred years. I don't need to worry about losing everything by owning a bank stock. I can also own index funds, where I own a stock that is diversified in a certain market.
I like owning real estate, but I don't like managing real estate.
If I want to be involved in the real estate market, but not be involved in the management side, I can own stocks that are known as real estate investment trusts (REIT). This allows me to own commercial or residential real estate and different things in different marketplaces. It's also more liquid, in that I don't have to sell the rental property one day. This allows me to have the option of liquidating my assets. The beautiful thing about stocks is that you don't have to be an entrepreneur in order to invest in them.
I don't have to be Jeff Bezos. Rather, I can invest in Amazon and benefit from Jeff Bezos' expertise and genius, without building a billion-dollar online business. You can make it in business, but it's hard to make long-term passive income from that business.
When you own a business, you need to actively manage it and be involved in all of the decisions. When it comes to stocks, I don't have to manage them, especially with my long-term investment philosophy. I can set it and forget it, and benefit from the dividends. Keep in mind that there are a lot of model investment portfolios out there.
There is no one-size-fits-all approach when it comes to investing.
If you are a newbie investor, I don't want my portfolio to intimidate you. I believe that anyone can build a multi-million dollar portfolio if they take a long-term approach to it.
The reason why I have a holding company is that the majority of my wealth comes from my businesses. You don't want to invest out of your operating business. In the event that anyone were to sue me, they could go after my assets that are within my company. In order to prevent this, I built a holding company, which owns my operating company.
This is what a lot of wealthy people do so that they can own other businesses, buy stocks and real estate, etc. There is no liability with doing this, or at least a lot less. The reason why they won't take the money from their company, pay themselves, and then invest is that they will get double taxed, on both the corporate and personal level. This is why a lot of business owners leave their money in a holding company and invest out of that.
Creating an investment portfolio can take years.
However, trust me when I say that the payoff is worth it in the long-term. My ultimate goal is to continue to build my portfolio to the point where it takes care of my entire lifestyle. In my eyes, a thriving investment portfolio is the purest form of financial freedom.
If you haven't done so already, I hope that my investment approach has inspired you to create an investment portfolio of your own! Start small with whatever money that you have and build it up over time. As you start to accumulate larger sums of money, you can invest more money into your portfolio.
However, before you even think of doing any of this, listen to the words of Robert Kiyosaki who said – “Before you invest in something, invest the time to understand it.”
Are you ready to learn which online business model is right for you? CLICK HERE to take my free online quiz!
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