I have $60,000 in cad all in assets in the stock market. My main focus was on passive income through dividend stocks with an average dividend roi of $3500cad a year. I recently discovered p2p lending on kucoin with Tether (usdt) which could give me around $20,000 in passive income a year. Should I be focused on growth through stocks or passive income. What do you think is better. Fyi I'm young only 20.
kswck2
What makes dividend paying stocks is reinvesting the dividends over years. But ANY dividend over 9% I would seriously question and anyone that offers 33% is a crook, someone is playing with the books.
Anonymous
The problem with growth stocks is that high growth rates cannot be consistently sustained in the long term and profitability gets overlooked. Anything that offers a 33% return is likely a scam. Dividend stocks is all about reinvesting the dividends.
Anonymous
Growth.
You got passive income of about 6% (taxable!) when the Dow returned 7.25%, S&P 500 returned 16% and the Nasdaq returned 43.6%.
Anyone who promises you 33% passive income is a crook.
Steve
The return in some non-dividend paying stocks far outweighs the passive income you garner just through dividends. Its not even really close. I mean Im talking a possible 5x return or more compared to the 3,500. Your main focus will have to change with stocks, though. You will have to be active rather than passive. Id pass on that lending thing. Go with the growth and look for emerging companies rather than already there companies.
griggle
take maybe $2500 and try your luck with it on the p2p lending. Leave the rest where it is.