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iShares Canadian Select Dividend Index ETF (XDV)
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iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ)
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iShares Core High Dividend ETF (HDV)
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iShares International Select Dividend ETF (IDV)
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International Multi-Asset Diversified Income Index (FID)
Q: After selling a rental property I now have cash that equals approx 25% of my investment portfolio. My goal with this cash would be to create a mini portfolio within 2 TFSA's to produce dividend income to help with everyday expenses for the next 5 years or so. After this time the investments would be sold and incorporated into my balanced portfolio as the income should no longer be needed. I am looking to keep the portfolio to a max of 6 positions that are diversified from a geographical and sector standpoint. I do not have an exact income requirement, but 4% was my initial target. What investments would you suggest to meet my goals? Feel free to deduct as many credits as required.
