• I aim to change my heritage at least with respect to my financial security.  Many Trust Fund Babies exist around the world but for better or worse neither my wife nor myself are one of them and by that measure neither of my children will be either.  We have to work for everything we have but I sure would like to try being a TFB, just for fun.  

  • One of my intellectual exercises regarding dividends is the ideal of transforming my hard-earned income into passive investment income in the form of a  Personal Trust Fund which would pay for my future expenses.  One way to look at it may be to figure out how to get money back from companies we buy goods and services from.
  • Many of our basic expenses relate to food, clothing, energy, insurance and transportation.
  • Within that realm I have already bought some nice dividends from energy, banking and insurance companies.  The dividends from these publicly-traded Canadian corporations happen to be one of the lowest-taxed forms of ‘income’.
  • Specifically, HSE and COS.UN are paying for my gas while MFC and SLF are paying for my life and disability insurance.  
  • I did not seek the specific matching of living expenses and dividends but intuitively many of the biggest and best companies supply us (and many others) with essentials of life.  Of course the term ‘essentials’ could be debated but for my family, insurance and energy expenses are substantial.  I am looking at retail and food/beverage companies right now but I think I will avoid automobile stocks.

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