These ETFs give investors access to consistent and stable investment income along with growth opportunities.
Additionally, you can invest some of it back in dividend stocks that generate a steady stream of cash to pad any retirement income you may have. There are three variables to consider when investing in stocks: your average annual return, how much you invest, and the number of investing years you have left. Assuming a retirement age of 65 years, here's a look at how much you would need to invest based on a 10% annual return.
If SPY stock is your only country-level diversification, you are missing out on some opportunities. Here are the ABCs of diversifying beyond SPY. The post The ABCs of Diversifying Away From SPY Stock for Canadians Investing in the U.S. appeared first on The Motley Fool Canada.